How it works

A ticket is one option contract with the price already set. CALL wins if the stock closes above your target, PUT wins if it closes below. Win and you get a fixed multiple of what you paid. Think 10x, 40x, more on the long shots. Miss and the ticket is worth nothing, exactly like an option expiring out of the money.

Instead of buying tickets you can fund them, like writing covered calls. Deposit cash or tokenized shares and you collect what losing traders pay, split across everyone who deposited. When a ticket wins, shares are used first and cash covers the rest. More payouts means more income, but also more risk. Same trade-off as selling options.

Every dollar you lose on a ticket comes back as one ASH point. Points can't be bought or sold. You earn them by trading, and they entitle you to 20% of every fee the platform collects, paid in cash. Points fade if you stop trading, so the share goes to active traders.

A crate is a box with cash inside. Pay a small amount to open one: win and you pick a free live ticket or the cash. Cashing out keeps 97%. A 3% haircut goes back to whoever filled the crate, so the ticket is always the full-value prize. The haircut is still cheaper than taking the ticket and closing it early. Anyone can fill a crate with their own cash and earn from everyone who opens it. You set the price, the openers take the shot.

Every trade pays a small fee, and it's split four ways: 20% into a safety buffer that protects payouts, 50% to people who stake YOLO, 20% to ASH holders, and 10% to buying tokenized shares that are handed to stakers. Nothing goes to a private treasury.

Only a quarter of the deposited money is ever committed to open tickets, so winners can always be paid in full. Ticket prices are set off live market volatility, the same input that moves option prices at your broker. The price feed is checked for staleness before anything trades.

An automated keeper refreshes prices, pushes volatility, rolls new daily and Friday expiries, settles finished tickets, and reveals crate prizes. You can check the keeper status at /api/public/keeper/. It returns a heartbeat and the list of jobs that are running.

Prices are live, money is not. Every balance here is play money so you can try the whole thing risk-free. Nothing you do costs or earns real funds yet.