Glossary
The path to mastering JustBet.
Name | Description |
---|---|
Bankroll | WINR Protocol's multi-asset liquidity pool acts as the casino house on JustBet. The pool keeps a certain balance of its assets all the time. WLP holders own the bankroll. |
WINR Protocol | Infrastructure protocol for liquidity bootstrapping for on-chain gambling and gaming. |
WLP | WLP is WINR Protocol's liquidity provider token. |
WINR | WINR is the platform's utility token. It can be staked to accumulate rewards. It is also used to mint platform NFTs. |
vWINR | vWINR is the vested WINR token minted on each bet. It can also be staked to accumulate rewards and participate in governance. |
Staking | vWINR and WINR can be staked for rewards. Staking allows you to generate yield from bets and platform fees. |
Staking Multiplier | The multiplier adjusting the percentage of a bet allocated for staking rewards. It stays between 0.1% and 0.5%. |
vWINR Multiplier | The multiplier adjusting the amount of vWINR minted on a bet. It stays between 0.5 and 2. |
Epoch | These two multipliers get updated at the beginning of each epoch based on past volume and PnL. |
Swap Fee | If the bet and payout currencies are different, a swap fee is charged. It stays between 0.1% and 0.8% depending on the action's effect on the bankroll's balance. Same goes for plain swaps. |
WLP Buy/Sell Fee | WLP can be bought and sold for any currency in the bankroll. It stays between 0.15% and 0.75% depending on the action's effect on the bankroll's balance. |
Entry Price | The initial price at which a trade or investment is made. It serves as the baseline to calculate profits or losses. |
Wager | The amount of money placed at risk in a bet or trade. It's the capital you're willing to potentially lose in hopes of a gain. |
Bust Price | The price level at which a trade automatically closes due to insufficient margin or collateral. Reaching this price results in a loss of the wagered amount. Also known as liquidation price. |
Exit Price | The price at which a trade or investment is closed. Comparing this with the entry price will determine if a profit or loss has occurred. |
P&L | Stands for "Profit and Loss". It represents the financial result of a trade, calculated as the difference between the exit price and entry price, adjusted for the amount wagered. |
ROI | Stands for "Return on Investment". It's a percentage that indicates the profitability of an investment. Calculated as: (Profit or Loss) / (Initial Investment) x 100. |
Leverage | A trading tool that allows an investor to control a position larger than their initial capital. It magnifies both potential returns and potential losses. For instance, with 10x leverage, a 1% market shift can lead to a 10% change in the investor's position |
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