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Arbitrum Eco-Gambling Protocol: A Thoughtful design for JustBet's Token Economics

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A core project that emphasizes mechanism design in a recovering market

原文作者： Defi Mochi

原文编译：深潮 TechFlow

DeFi's path to innovation has been rocky, with each agreement a fork of GMX or a fork of Uniswap. But now a deal has emerged that aims to revolutionize the gaming space with its cutting-edge technology and design. This is why Arbitrum based JustBet exists.

All bets on JustBet are made in $wETH, prizes are paid in $wETH, just navigate to the game page and start betting on Coinflip, Moon, lottery, and more.

Supraoracle is a secure predictor that uses verifiable random functions to generate platform randomness.

$WINR= Liquidity governance Token of the agreement, $vWINR = illiquid pledge version.

$WINR has three main use cases:

• 通过质押将 $vWINR 兑换成 $wETH 奖励

• 支付 Boosters 以提高$vWINR 的奖励

• 支付刮刮乐

To incentivize the growth of player participation in the agreement, % (0.1% to 0.05%) of each bet made from $wETH is sent to the pledge pool and returned to the player in the form of $vWINR. For example, suppose the frog bets $10,000, $5 is sent into the $vWINR pledge pool, and $5 $vWINR is returned to the frog.

LPs provides liquidity to traders on the JustBet platform (similar to $GLP for $GMX).

The percentage of the $wETH award received by the $vWINR pledge depends on the amount of working capital provided by the LP (in $wETH).

If the working capital provided by LPs is insufficient, the percentage of $wETH awarded to the pledgee will be reduced and the percentage of $wETH awarded to the LP will be increased, and vice versa.

Conversely, when liquidity is reduced, LPS receive more $wETH incentives to provide liquidity. This automates the balancing, which automatically balances and ensures that LP, $vWINR pledge, and user are incentivised to balance liquidity and pledge on the platform for agreement growth.

Traders can also earn $vWINR by winning on JustBe. The amount paid varies based on the volume of transactions in the earlier period. In simple terms, if there is a decrease in the volume of transactions, the vWINR paid is decreased, and if the volume of transactions increases, the vWINR paid is increased.

JustBet also released NFT to enhance players:

• 战利品箱 NFT 可以赚取其他 NFTs 或$vWINR。

• 连胜奖励 NFTs 保持每日连胜和里程碑。

• 推荐银行 NFT 根据推荐的朋友的$wETH 数量赚取$vWINR 和$wETH 奖励。

In my humble opinion, I have never seen a protocol with such thoughtful token economics that perfectly balances the relationship between the user, LP, and protocol while still driving innovation and transparency through their Supraoracle VRF technology.