98.5% of them go to zero, and until now there was no way to make a penny out of knowing it. Crash takes the other side of the trade itself — you stake, the coin falls, you get paid the fall.
Your collateral goes into the desk contract. The most you can lose is your size — there is no leverage and no margin call. The entry is read on chain in the same transaction that opens the position, so the exact figure may differ slightly from the one above. You can close from the next block, and the contract pays you in the same transaction you close.
In one 10,000-block window on Ethereum, 131 tokens launched and two made it out of their bonding curve. The other 129 are still sitting in a curve nobody funded. We went and opened 45 of them one at a time: not one had graduated, and the median had zero real capital in it — the price it quotes is backed by nothing at all.
Every position open against the desk right now, read from the contract. This is the risk the vault is carrying, and it is the same view the operator has — there is no other one.
Live P&L is the desk contract's own valueOf against the current mark,
not our arithmetic. Close and the contract settles you in the same transaction.
Paste a contract address. We check it against the chain while you wait — whether it has an ether pool, how deep that pool is, and how big a short it could carry. Coins need to be worth over $5m and have real liquidity, because a pool one person can move is not a market anybody can trade against.