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Be‌‌the‌‌House‌  ‌
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Litepaper‌  ‌
June‌‌7th,‌‌2021‌  ‌
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Not‌‌investment‌‌advice.‌‌This‌‌litepaper‌‌is‌‌subject‌‌to‌‌change.‌  ‌
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Introduction‌  ‌
 ‌
Divvy‌‌is‌‌a‌‌permissionless,‌‌decentralized‌‌betting‌‌protocol‌‌that’s‌‌bridging‌‌the‌‌world‌‌of‌‌Defi‌‌and‌‌
 
gambling‌‌to‌‌allow‌‌anyone‌‌to‌‌partake‌‌as‌‌The‌‌House.‌‌By‌‌utilizing‌‌blockchain‌‌technologies,‌‌Divvy‌‌  
will‌‌redefine‌‌the‌‌way‌‌people‌‌bet‌‌and‌‌interact‌‌with‌‌sportsbooks‌‌and‌‌casinos‌a
‌ round‌‌the‌‌world.‌‌ 
Here‌‌at‌‌Divvy‌‌we're‌‌no‌‌longer‌‌accepting‌‌the‌‌status‌‌quo.‌‌The‌‌House‌‌always‌‌wins‌‌and‌‌it's‌‌time‌‌to‌‌
 
redistribute‌‌th‌e‌‌wealth.‌  ‌
 ‌
Current‌‌State‌‌of‌‌the‌‌Gambling‌‌Industry‌  ‌
 ‌
Online‌‌gambling‌‌has‌‌grown‌‌in‌‌popularity‌‌due‌‌to‌‌the‌‌ease‌‌of‌‌access‌‌where‌‌anyone‌‌with‌‌an‌‌  
internet‌‌connection‌‌has‌‌the‌‌ability‌‌to‌‌place‌‌bets‌‌and‌‌gamble‌‌online.‌‌Segments‌‌of‌‌online‌‌  
gambling‌‌include:‌‌sports/esports‌‌betting,‌‌fantasy‌‌sports,‌‌casino‌‌games,‌‌lottery,‌‌poker,‌‌etc.‌‌The‌‌  
global‌‌online‌‌gambling‌‌market‌‌wagered‌‌$44.16‌‌billion‌‌in‌‌2016‌‌and‌‌is‌‌estimated‌‌to‌‌reach‌‌$81.71‌‌  
billion‌‌by‌‌2022;‌‌that’s‌‌a‌‌CAGR‌‌of‌‌10.8%!‌‌The‌‌regions‌‌leading‌‌the‌‌charge‌‌are‌‌Asia,‌‌Europe,‌‌and‌‌  
North‌‌America.‌‌Sports‌‌betting‌‌held‌‌the‌‌largest‌‌portion‌‌of‌‌online‌‌gambling‌‌with‌‌a‌‌48%‌‌market‌‌  
share.‌‌Americans‌‌alone‌‌legally‌‌wagered‌‌$140‌‌million‌‌on‌‌the‌‌2017‌‌Super‌‌Bowl.‌‌Estimates‌‌  
suggest‌‌if‌‌you‌‌included‌‌the‌‌unregulated‌‌market,‌‌that‌‌total‌‌may‌‌have‌‌been‌‌closer‌‌to‌‌$5‌‌billion.‌‌    ‌
 ‌
Wagering‌‌with‌‌crypto‌‌has‌‌been‌‌one‌‌of‌‌the‌‌fastest‌‌growing‌‌uses‌‌of‌‌blockchain‌‌technology.‌‌  
Utilizing‌‌crypto‌‌has‌‌allowed‌‌for‌‌privacy-centric‌‌gamblers‌‌to‌‌bet‌‌anonymously‌‌while‌‌also‌‌  
providing‌‌a‌‌much‌‌quicker‌‌funding‌‌option.‌‌Bitcoin‌‌(BTC)‌‌has‌‌taken‌‌the‌‌helm‌‌in‌‌terms‌‌of‌‌volumes‌‌  
wagered.‌‌Gamblers‌‌have‌‌wagered‌‌$4.5‌‌billion‌‌in‌‌BTC‌‌since‌‌2014,‌‌and‌‌it’s‌‌estimated‌‌that‌‌over‌‌  
$24.5‌‌billion‌‌bets‌‌have‌‌been‌‌booked‌‌over‌‌the‌‌past‌‌2‌‌years.‌‌Traditional‌‌fiat‌‌sportsbooks‌‌have‌‌  
begun‌‌embracing‌‌cryptocurrencies‌‌as‌‌a‌‌form‌‌of‌‌deposit.‌‌Many‌‌companies‌‌automatically‌‌convert‌‌  
the‌‌asset‌‌into‌‌fiat‌‌at‌‌the‌‌point‌‌of‌‌receipt‌‌oftentimes‌‌at‌‌a‌‌rate‌‌lower‌‌than‌‌the‌‌current‌‌market‌‌price.‌‌    ‌
 ‌
The‌‌industry‌‌is‌‌projected‌‌to‌‌expand‌‌due‌‌to‌‌a‌‌lax‌‌regulatory‌‌environment.‌‌The‌‌global‌‌rise‌‌of‌‌the‌‌  
middle‌‌class‌‌enables‌‌more‌‌consumers‌‌to‌‌have‌‌access‌‌to‌‌disposable‌‌income.‌‌Many‌‌states‌‌in‌‌the‌‌  
US‌‌have‌‌or‌‌are‌‌currently‌‌considering‌‌legalizing‌‌gambling‌‌in‌‌an‌‌attempt‌‌to‌‌collect‌‌additional‌‌tax‌‌  
revenue‌‌to‌‌soften‌‌the‌‌damages‌‌from‌‌the‌‌COVID-19‌‌pandemic.‌‌This‌‌is‌‌a‌‌golden‌‌opportunity‌‌to‌‌  
enter‌‌the‌‌gambling‌‌industry‌‌and‌‌disrupt‌‌the‌‌space‌‌with‌‌revolutionary‌‌blockchain‌‌technologies.‌  ‌
 ‌
Current‌‌Issues‌‌with‌‌Online‌‌Gambling‌  ‌
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There‌‌are‌‌a‌‌myriad‌‌of‌‌issues‌‌that‌‌currently‌‌plague‌‌the‌‌online‌‌gambling‌‌industry.‌‌The‌‌current‌‌  
business‌‌model‌‌is‌‌completely‌‌centralized‌‌which‌‌opens‌‌the‌‌door‌‌for‌‌operators‌‌to‌‌take‌‌advantage‌‌  
of‌‌their‌‌users‌‌in‌‌a‌‌number‌‌of‌‌ways.‌‌It’s‌‌estimated‌‌that‌‌only‌‌36%‌‌of‌‌casino‌‌providers‌‌have‌‌  
provably‌‌fair‌‌gambling‌‌mechanisms‌‌in‌‌place.‌‌Without‌‌this‌‌control‌‌the‌‌edge‌‌is‌‌overwhelmingly‌‌in‌‌  
favor‌‌of‌‌the‌‌house,‌‌making‌‌it‌‌extremely‌‌unlikely‌‌for‌‌the‌‌average‌‌bettor‌‌to‌‌profit‌‌in‌‌the‌‌long‌‌run.‌‌
   ‌
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The‌‌current‌‌model‌‌severely‌‌lacks‌‌transparency.‌‌Bettors‌‌are‌‌clueless‌‌on‌‌whether‌‌the‌‌operator‌‌  
has‌‌the‌‌liquidity‌‌to‌‌cover‌‌the‌‌winning‌‌bets.‌‌It’s‌‌common‌‌to‌‌see‌‌rogue‌‌operators‌‌pull‌‌exit‌‌scams‌‌  
with‌‌client‌‌funds‌‌due‌‌to‌‌liquidity‌‌concerns‌‌leading‌‌to‌‌insolvency‌‌and‌‌an‌‌inability‌‌to‌‌pay‌‌clients‌‌  
out.‌‌Additionally,‌‌inefficient‌‌and‌‌expensive‌‌processes‌‌further‌‌cut‌‌into‌‌the‌‌margins‌‌of‌‌centralized‌‌  
gambling‌‌companies.‌‌Managing‌‌a‌‌fiat‌‌online‌‌casino‌‌requires‌‌a‌‌team‌‌of‌‌live‌‌operational‌‌staff‌‌  
members‌‌to‌‌process‌‌deposits,‌‌withdrawals,‌‌and‌‌provide‌‌support.‌‌There‌‌are‌‌stringent‌‌  
international‌‌banking‌‌regulations‌‌for‌‌processing‌‌payments‌‌for‌‌gambling‌‌entities.‌‌Many‌‌  
companies‌‌are‌‌forced‌‌to‌‌work‌‌with‌‌expensive‌‌and‌‌slow‌‌payment‌‌processors,‌‌leading‌‌them‌‌to‌‌  
push‌‌those‌‌costs‌‌onto‌‌the‌‌users.‌‌Traditional‌‌online‌‌gambling‌‌companies‌‌charge‌‌5%‌‌or‌‌more‌‌on‌‌  
deposits‌‌and‌‌withdrawals!‌‌Large‌‌withdrawals‌‌take‌‌weeks‌‌to‌‌process‌‌and‌‌may‌‌be‌‌required‌‌to‌‌be‌‌  
broken‌‌down‌‌into‌‌multiple‌‌tranches.‌  ‌
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Security‌‌should‌‌not‌‌be‌‌taken‌‌lightly‌‌when‌‌using‌‌online‌‌sportsbooks‌‌or‌‌casinos.‌‌Centralization‌‌  
enables‌‌malicious‌‌actors‌‌to‌‌focus‌‌on‌‌a‌‌single‌‌vector‌‌of‌‌attack.‌‌Hackers‌‌are‌‌getting‌‌more‌‌  
sophisticated,‌‌salivating‌‌at‌‌the‌‌opportunity‌‌to‌‌pilfer‌‌sensitive‌‌information‌‌and‌‌selling‌‌it‌‌to‌‌the‌‌
 
highest‌‌bidder‌‌on‌‌the‌‌dark‌‌web.‌‌Millions‌‌of‌‌people‌‌around‌‌the‌‌globe‌‌are‌‌victims‌‌of‌‌identity‌‌theft‌‌  
where‌‌their‌‌livelihoods‌‌are‌‌jeopardized‌‌in‌‌a‌‌matter‌‌of‌‌minutes.‌‌Most‌‌online‌‌gambling‌‌sites‌‌  
mandate‌‌some‌‌form‌‌of‌‌‘know‌‌your‌‌customer’‌‌(KYC)‌‌and‌‌require‌‌users‌‌to‌‌submit‌‌personal‌‌  
information‌‌prior‌‌to‌‌using‌‌the‌‌platform.‌‌These‌‌sites‌‌often‌‌have‌‌a‌‌poor‌‌track‌‌record‌‌of‌‌  
safeguarding‌‌client‌‌information‌‌subjecting‌‌their‌‌private‌‌information‌‌to‌‌cyber‌‌attacks.‌  ‌
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Cryptocurrency-based‌‌sportsbooks‌‌and‌‌casinos‌‌have‌‌solved‌‌some‌‌of‌‌the‌‌issues‌‌outlined‌‌above,‌‌  
however,‌‌they‌‌are‌‌not‌‌without‌‌pain‌‌points‌‌of‌‌their‌‌own.‌‌BTC‌‌is‌‌the‌‌most‌‌widely‌‌accepted‌‌  
cryptocurrency‌‌when‌‌it‌‌comes‌‌to‌‌crypto‌‌betting.‌‌As‌‌the‌‌adoption‌‌and‌‌demand‌‌for‌‌BTC‌‌continues‌‌  
to‌‌rise,‌‌so‌‌do‌‌the‌‌network‌‌fees‌‌and‌‌confirmation‌‌times.‌‌It’s‌‌now‌‌more‌‌expensive‌‌than‌‌ever‌‌to‌‌  
send‌‌BTC,‌‌with‌‌the‌‌average‌‌cost‌‌hovering‌‌around‌ ‌$59.87‌‌per‌‌transaction.‌‌The‌‌companies‌‌that‌‌  
don’t‌‌support‌‌BTC‌‌normally‌‌require‌‌users‌‌to‌‌wager‌‌in‌‌their‌‌native‌‌ecosystem‌‌token.‌‌This‌‌poses‌ 
additional‌‌barriers‌‌as‌‌the‌‌native‌‌tokens‌‌often‌‌have‌‌limited‌‌exchange‌‌listings‌‌and‌‌lack‌‌the‌‌liquidity‌‌  
to‌‌freely‌‌trade‌‌in‌‌and‌‌out.‌‌The‌‌tokens‌‌also‌‌provide‌‌zero‌‌utility‌‌outside‌‌of‌‌their‌‌ecosystem.‌‌Lastly,‌‌  
both‌‌BTC‌‌and‌‌native‌‌ecosystem‌‌tokens‌‌come‌‌with‌‌inherent‌‌volatility.‌‌This‌‌poses‌‌additional‌‌risk‌‌  
for‌‌bettors‌‌as‌‌the‌‌assets‌‌they’ve‌‌wagered‌‌with‌‌may‌‌be‌‌losing‌‌value‌‌while‌‌locked‌‌up‌‌in‌‌a‌‌bet‌‌and‌‌  
inaccessible‌‌for‌‌liquidation.‌‌    ‌
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The‌‌Divvy‌‌Difference‌  ‌
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Divvy‌‌is‌‌the‌‌world’s‌‌first‌‌DeFi‌‌betting‌‌protocol.‌‌By‌‌utilizing‌‌blockchain‌‌technologies,‌‌Divvy’s‌‌  
decentralized‌‌betting‌‌network‌‌offers‌‌our‌‌community‌‌a‌‌safe‌‌and‌‌trustless‌‌environment,‌‌enabling‌‌  
anyone‌‌to‌‌anonymously‌‌participate‌‌within‌‌the‌‌network.‌‌For‌‌the‌‌first‌‌time‌‌in‌‌history,‌‌anyone‌‌can‌‌  
be‌‌The‌‌House,‌‌simply‌‌by‌‌providing‌‌liquidity‌‌to‌‌the‌‌Divvy‌‌House‌‌Pool.‌‌House‌‌Pool‌‌participants‌‌  
share‌‌the‌‌profits‌‌generated‌‌from‌‌betting‌‌activities‌‌in‌‌proportion‌‌to‌‌their‌‌share‌‌of‌‌the‌‌House‌‌Pool.‌  ‌
People‌‌will‌‌no‌‌longer‌‌have‌‌to‌‌defy‌‌the‌‌odds‌‌in‌‌order‌‌to‌‌profit‌‌at‌‌a‌‌sportsbook‌‌or‌‌casino.‌‌Now‌‌
 
they’ll‌‌have‌‌the‌‌option‌‌to‌‌be‌‌part‌‌of‌‌the‌‌Divvy‌‌House,‌‌where‌‌the‌h ‌ ouse‌‌always‌‌wins.‌  ‌
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Divvy‌‌will‌‌provide‌‌the‌‌ultimate‌‌betting‌‌experience‌‌and‌‌redefine‌‌the‌‌way‌‌people‌‌gamble‌‌online.‌‌  
Our‌‌mission‌‌is‌‌to‌‌disrupt‌‌the‌‌gambling‌‌space‌‌and‌‌bring‌‌light‌‌to‌‌an‌‌industry‌‌that’s‌‌long‌‌been‌‌  
shrouded‌‌in‌‌darkness.‌  ‌
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Transparency‌‌    ‌
Transparency‌‌and‌‌integrity‌‌of‌‌the‌‌Divvy‌‌protocol‌‌will‌‌be‌‌unmatched‌‌when‌‌compared‌‌to‌‌  
competitors.‌‌All‌‌bets‌‌are‌‌wagered‌‌on-chain‌‌in‌‌a‌‌trustless‌‌and‌‌distributed‌‌manner.‌‌Once‌‌the‌‌data‌‌  
is‌‌on‌‌the‌‌blockchain‌‌it‌‌becomes‌‌immutable‌‌and‌‌fault‌‌tolerant.‌‌Each‌‌transaction‌‌will‌‌be‌‌  
searchable‌‌on‌‌the‌‌blockchain‌‌where‌‌each‌‌bet‌‌will‌‌have‌‌a‌‌unique‌‌transaction‌‌hash.‌‌With‌‌full‌‌  
transparency,‌‌bettors‌‌can‌‌be‌‌rest‌‌assured‌‌that‌‌any‌‌odds‌‌we‌‌provide‌‌are‌‌provably‌‌fair.‌  ‌
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Stablecoin‌‌Based‌:   ‌‌ ‌
Both‌t‌he‌‌Divvy‌‌House‌‌Pool‌‌deposits‌‌and‌‌wagers‌‌will‌‌be‌‌stablecoin‌‌based.‌‌By‌‌removing‌‌the‌‌  
intrinsic‌‌volatility‌‌of‌‌regularly‌‌traded‌‌cryptos,‌‌users‌‌will‌‌no‌‌longer‌‌need‌‌to‌‌worry‌‌about‌‌their‌‌
 
assets‌‌fluctuating‌‌while‌‌locked‌‌in‌‌pending‌‌bets.‌‌This‌‌will‌‌provide‌‌gamblers‌‌with‌‌an‌‌experience‌‌  
similar‌‌to‌‌traditional‌‌fiat‌‌betting‌‌platforms‌‌while‌‌reaping‌‌the‌‌benefits‌‌of‌‌blockchain‌‌technologies.‌‌  
USDT‌‌will‌‌be‌‌the‌‌first‌‌supported‌‌stablecoin‌‌on‌‌our‌‌platform‌‌with‌‌the‌‌potential‌‌of‌‌replacement‌‌or‌‌  
expansion‌‌to‌‌others‌‌based‌‌on‌‌DAO‌‌proposals.‌  ‌
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Anonymity‌‌    ‌
We‌‌respect‌‌the‌‌Divvy‌‌community’s‌‌desire‌‌to‌‌remain‌‌anonymous‌‌in‌‌order‌‌to‌‌keep‌‌sensitive‌‌  
information‌‌private‌‌and‌‌secure.‌‌Advancements‌‌in‌‌Web3‌‌development‌‌have‌‌enabled‌‌users‌‌to‌‌  
instantly‌‌connect‌‌to‌‌the‌‌Divvy‌‌DApp‌‌without‌‌compromising‌‌assets‌‌or‌‌going‌‌through‌‌an‌‌intrusive‌‌  
sign-up‌‌process.‌  ‌
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Non-Custodial‌‌    ‌
The‌‌non-custodial‌‌nature‌‌of‌‌cryptocurrencies‌‌ensures‌‌that‌‌the‌‌assets‌‌in‌‌the‌‌wallet‌‌are‌‌  
completely‌i‌n‌‌the‌‌owner's‌‌control.‌‌Divvy‌‌smart‌‌contracts‌‌can‌‌only‌‌settle‌‌funds‌‌to‌‌users‌‌of‌‌the‌‌  
protocol.‌‌Bettors‌‌that‌‌wagered‌‌on‌‌the‌‌game‌‌will‌‌receive‌‌payouts‌‌and‌‌settlements‌‌directly‌‌to‌‌the‌‌  
wallets‌‌that‌‌initiated‌‌the‌‌bet.‌‌House‌‌liquidity‌‌providers‌‌(LPs)‌‌that‌‌hold‌‌house‌‌tokens‌‌have‌‌a‌‌claim‌‌  
to‌‌a‌‌share‌‌of‌‌the‌‌pool‌‌proportionate‌‌to‌‌the‌‌amount‌‌they‌‌own.‌‌House‌‌LPs‌‌are‌‌free‌‌to‌‌transfer‌‌any‌‌  
amount‌‌of‌‌their‌‌house‌‌tokens‌‌to‌‌other‌‌parties.‌  ‌
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Guaranteed‌‌Payouts‌‌    ‌
Gamblers‌‌on‌‌Divvy‌‌never‌‌have‌‌to‌‌worry‌‌about‌‌whether‌‌their‌‌bets‌‌will‌‌be‌‌paid‌‌out.‌‌All‌‌wagers‌‌are‌‌  
guaranteed‌‌due‌‌to‌‌the‌‌fact‌‌that‌‌Divvy‌‌smart‌‌contracts‌‌are‌‌configured‌‌where‌‌the‌‌house‌‌never‌‌  
accepts‌‌a‌‌bet‌‌that‌‌it‌‌cannot‌‌back.‌‌Each‌‌time‌‌a‌‌bettor‌‌requests‌‌to‌‌wager,‌‌the‌b ‌ etting‌‌contract‌‌ 
ensures‌‌that‌‌the‌‌House‌‌pool‌‌has‌‌sufficient‌‌liquidity‌.‌‌Once‌‌confirmed,‌‌the‌‌House‌‌Pool‌‌will‌‌send‌‌  
funds‌‌to‌‌the‌‌escrow‌‌contract‌‌to‌‌lock‌‌in‌‌the‌‌bets‌‌until‌‌the‌‌oracle‌‌triggers‌‌settlement.‌  ‌
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Efficient‌‌and‌‌Autonomous‌‌    ‌
Powered‌‌by‌‌Solana‌‌smart‌‌contracts,‌‌wagers‌‌are‌‌settled‌‌instantaneously‌‌to‌‌the‌‌bettor’s‌‌wallet‌‌  
after‌‌the‌‌outcome‌‌of‌‌an‌‌event‌‌is‌‌determined‌‌and‌‌communicated‌‌via‌‌oracles.‌‌Solana’s‌‌Proof‌‌of‌‌  
History‌‌consensus‌‌mechanism‌‌enables‌‌the‌‌ecosystem‌‌to‌‌process‌‌over‌‌65,000‌‌transactions‌‌per‌‌  
second‌‌at‌‌a‌‌fraction‌‌of‌‌a‌‌penny!‌‌Such‌‌innovations‌‌by‌‌Solana‌‌will‌‌allow‌‌Divvy‌‌to‌‌operate‌‌with‌‌low‌‌
 
overhead‌‌as‌‌there’s‌‌no‌‌need‌‌to‌‌staff‌‌operations‌‌personnel‌‌to‌‌manually‌‌manage‌‌treasury‌‌  
functions‌‌or‌‌work‌‌with‌‌expensive‌‌payment‌‌service‌‌providers‌‌to‌‌handle‌‌fiat‌‌transactions.‌‌    ‌
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How‌‌Does‌‌Divvy‌‌Work?‌  ‌
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Being‌‌the‌‌House‌‌    ‌
In‌‌order‌‌for‌‌the‌‌Divvy‌‌protocol‌‌to‌‌function‌‌properly,‌‌there‌‌must‌‌be‌‌liquidity‌‌in‌‌the‌‌House‌‌Pool‌‌to‌‌  
secure‌‌the‌‌bets‌‌entered‌‌by‌‌the‌‌bettors.‌‌LPs‌‌deposit‌‌stablecoins‌‌into‌‌the‌‌House‌‌Pool‌‌and‌‌in‌‌  
return‌‌receive‌‌House‌‌Tokens‌‌that‌‌represent‌‌their‌‌share‌‌of‌‌the‌‌House.‌‌The‌‌House‌‌Tokens‌‌will‌‌  
reflect‌‌the‌‌individual‌‌LP’s‌‌portion‌‌of‌‌the‌‌Divvy‌‌House’s‌‌total‌‌profits‌‌and‌‌losses‌‌generated‌‌from‌‌  
betting‌‌activity.‌‌The‌‌value‌‌of‌‌the‌‌House‌‌Tokens‌‌is‌‌derived‌‌by:‌‌    ‌
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House‌‌Pool‌‌Stablecoin‌‌Balance‌‌÷‌‌Total‌‌House‌‌Tokens‌‌in‌‌Circulation‌  ‌
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Betting‌‌    ‌
Gamblers‌‌interact‌‌with‌‌the‌‌betting‌‌UI‌‌by‌‌connecting‌‌a‌‌compatible‌‌wallet‌‌to‌‌the‌‌Divvy‌‌DApp‌‌‌via‌‌  
Web3.‌‌Once‌‌connected,‌‌bettors‌‌will‌‌have‌‌a‌‌wide‌‌array‌‌of‌‌options‌‌to‌‌bet‌‌on.‌‌For‌‌V1‌‌launch,‌‌Divvy‌‌  
will‌‌support‌‌the‌‌most‌‌popular‌‌global‌‌sport‌‌betting‌‌markets‌‌such‌‌as‌‌American‌‌Football,‌‌  
basketball,‌‌MMA,‌‌boxing,‌‌tennis,‌‌e-sports,‌‌football,‌‌cricket,‌‌and‌‌more.‌‌Additional‌‌markets‌‌will‌‌be‌‌  
supported‌‌via‌‌DAO‌‌proposals.‌‌The‌‌following‌‌bets‌‌types‌‌will‌‌be‌‌supported‌‌during‌‌V1‌‌launch:‌‌win‌‌  
bets‌‌or‌‌money‌‌line,‌‌point‌‌spreads‌‌or‌‌handicap,‌‌and‌‌totals‌‌or‌‌over/under.‌‌V2‌‌will‌‌add‌‌support‌‌for‌‌  
futures,‌‌parlays,‌‌round‌‌robins,‌‌pleasers‌‌and‌‌teaser‌‌bets.‌‌Once‌‌the‌‌desired‌‌markets‌‌are‌‌selected,‌‌  
the‌‌bets‌‌will‌‌aggregate‌‌in‌‌the‌‌bet‌‌slip‌‌and‌‌allow‌‌bettors‌‌to‌‌input‌‌their‌‌desired‌‌wager(s).‌‌Prior‌‌to‌‌  
pushing‌‌the‌‌bet‌‌on‌‌chain,‌‌the‌‌betting‌‌contract‌‌will‌‌communicate‌‌with‌‌the‌‌House‌‌Pool‌‌to‌‌ensure‌ 
that‌‌there’s‌‌ample‌‌liquidity‌‌to‌‌support‌‌each‌‌bet.‌‌The‌‌bet‌‌will‌‌be‌‌rejected‌‌if‌‌there’s‌‌insufficient‌‌ 
funds‌‌in‌‌the‌‌pool‌‌to‌‌cover.‌‌
   ‌
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The‌‌betting‌‌smart‌‌contracts‌‌will‌‌pool‌‌bets‌‌for‌‌an‌‌event‌‌together‌‌to‌‌determine‌‌the‌‌net‌‌amount‌‌that‌‌  
the‌‌House‌‌Pool‌‌needs‌‌to‌‌cover.‌‌That‌‌amount‌‌will‌‌be‌‌deposited‌‌into‌‌the‌‌betting‌‌contract‌‌to‌‌  
ensure‌‌a‌‌guaranteed‌‌payout.‌‌In‌‌an‌‌ideal‌‌scenario‌‌there‌‌is‌‌50/50‌‌action‌‌on‌‌each‌‌side;‌‌at‌‌that‌‌  
point,‌‌the‌‌house‌‌will‌‌profit‌‌regardless‌‌of‌‌the‌‌outcome.‌‌To‌‌mitigate‌‌risk,‌‌odds‌‌will‌‌fluctuate‌‌in‌‌an‌‌  
attempt‌‌to‌‌balance‌‌the‌‌pool‌‌books.‌‌    ‌
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Odds‌‌will‌‌be‌‌provided‌‌into‌‌the‌‌smart‌‌contract‌‌via‌‌oracle‌‌integrations.‌‌We’re‌‌developing‌‌strategic‌‌  
partnerships‌‌with‌‌Switchboard‌‌which‌‌will‌‌enable‌‌Divvy‌‌to‌‌create‌‌and‌‌manage‌‌a‌‌custom‌‌data‌‌  
feed‌‌to‌‌support‌‌the‌‌protocol.‌‌Our‌‌odds‌‌will‌‌be‌‌obtained‌‌via‌‌professional‌‌odds‌‌providers‌‌who‌‌  
support‌‌some‌‌of‌‌the‌‌largest‌‌betting‌‌platforms‌‌in‌‌the‌‌world.‌‌The‌‌result‌‌is‌‌our‌‌bettors‌‌will‌‌receive‌‌  
the‌‌same‌‌odds‌‌at‌‌Divvy‌‌as‌‌they‌‌would‌‌at‌‌other‌‌platforms.‌‌This‌‌will‌‌prevent‌‌arbitrage‌‌  
opportunities‌‌in‌‌the‌‌market.‌‌Once‌‌a‌‌game‌‌is‌‌over,‌‌the‌‌Switchboard‌‌oracle‌‌will‌‌collect‌‌data‌‌from‌‌  
various‌‌sources‌‌in‌‌order‌‌to‌‌come‌‌to‌‌a‌‌consensus‌‌before‌‌publishing‌‌the‌‌game‌‌outcomes‌‌to‌‌the‌‌  
betting‌‌contracts‌‌and‌‌trigger‌‌the‌‌settlement‌‌process.‌‌    ‌
 ‌
 ‌
Liquidity‌‌Mining‌‌    ‌
Divvy‌‌House‌‌LPs‌‌will‌‌be‌‌able‌‌to‌‌stake‌‌their‌‌House‌‌Tokens‌‌and‌‌earn‌‌$DVY‌‌tokens‌‌as‌‌an‌‌extra‌‌  
yield‌‌on‌‌their‌‌deposits.‌‌Over‌‌time,‌‌this‌‌mechanism‌‌will‌‌result‌‌in‌‌House‌‌LPs‌‌becoming‌‌a‌‌huge‌‌  
part‌‌of‌‌the‌‌DAO‌‌and‌‌in‌‌effect‌‌the‌‌house‌‌will‌‌govern‌‌itself,‌‌achieving‌‌full‌‌decentralization.‌‌Staking‌‌  
and‌‌locking‌‌House‌‌Tokens‌‌will‌‌be‌‌an‌‌additional‌‌risk‌‌mitigation‌‌technique‌‌we‌‌will‌‌use‌‌to‌‌  
guarantee‌‌liquidity‌‌in‌‌the‌‌House‌‌Pool‌‌for‌‌both‌‌pending‌‌and‌‌incoming‌‌bets.‌‌    ‌
 ‌
Divvy‌‌Foundation‌‌Profit‌‌Share‌‌    ‌
The‌‌Divvy‌‌protocol‌‌will‌‌allocate‌‌5%‌‌of‌‌house‌‌earnings‌‌to‌‌the‌‌Divvy‌‌Foundation‌‌to‌‌keep‌‌up‌‌with‌‌  
our‌‌goal‌‌to‌‌promote‌‌continuous‌‌innovation‌‌and‌‌improvement,‌‌24/7‌‌support‌‌and‌‌maintaining‌‌the‌‌  
system.‌‌1%‌‌of‌‌the‌‌house‌‌earnings‌‌will‌‌be‌‌allocated‌‌to‌‌an‌‌insurance‌‌pool.‌‌The‌‌insurance‌‌pool‌‌will‌‌  
be‌‌used‌‌to‌‌replenish‌‌liquidity‌‌if/when‌‌the‌‌House‌‌pool‌‌has‌‌met‌‌internal‌‌threshold‌‌levels‌‌we‌‌set‌‌or‌‌  
if‌‌the‌‌protocol‌‌becomes‌‌compromised‌‌at‌‌any‌‌time.‌‌Divvy‌‌will‌‌partner‌‌with‌‌insurance‌‌protocols‌‌  
such‌‌as‌‌Nexus‌‌Mutual‌‌to‌‌purchase‌‌an‌‌insurance‌‌policy.‌‌The‌‌premiums‌‌will‌‌be‌‌paid‌‌via‌‌funds‌‌  
from‌‌the‌‌insurance‌‌pool.‌‌    ‌
 ‌
Divvy‌‌Tokens‌‌-‌‌$DVY‌  ‌
 ‌
$DVY‌‌tokens‌‌are‌‌the‌‌native‌‌token‌‌of‌‌the‌‌Divvy‌‌ecosystem.‌‌The‌‌goal‌‌is‌‌to‌‌accrue‌‌value‌‌through‌‌ 
utility‌‌rather‌‌than‌‌inflation.‌‌$DVY‌‌will‌‌possess‌‌the‌‌following‌‌utility:‌  ‌
 ‌
● Voting:‌‌$DVY‌‌tokens‌‌represent‌‌voting‌‌rights‌‌to‌‌participate‌‌in‌‌DAO‌‌decisions,‌‌and‌‌play‌‌a ‌‌
significant‌‌role‌‌in‌‌Divvy‌‌ecosystem‌‌governance.‌  ‌
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● Dividends‌‌(TBD):‌‌$DVY‌‌token‌‌holders‌‌will‌‌be‌‌eligible‌‌for‌‌future‌‌distributions‌‌of‌‌House‌‌ 
profits.‌‌The‌‌amount‌‌and‌‌frequency‌‌of‌‌distributions‌‌will‌‌be‌‌decided‌‌by‌‌the‌‌DAO.‌  ‌
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● Betting‌‌Boost:‌‌Long-term‌‌$DVY‌‌token‌‌holders‌‌will‌‌be‌‌eligible‌‌for‌‌lower‌‌vigorish,‌‌or‌‌the‌‌cut‌‌ 
the‌‌House‌‌takes,‌‌when‌‌wagering.‌‌This‌‌function‌‌maximizes‌‌returns‌‌and‌‌minimizes‌‌losses‌‌  
for‌‌LPs‌‌partaking‌‌in‌‌betting‌‌as‌‌well.‌  ‌
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● NFT‌‌Marketplace:‌‌The‌‌Divvy‌‌NFT‌‌Marketplace‌‌will‌‌only‌‌be‌‌accessible‌‌to‌‌$DVY‌‌token‌‌  
holders.‌‌   ‌
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Divvy‌‌DAO‌  ‌
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The‌‌Divvy‌‌DAO‌‌will‌‌be‌‌the‌‌main‌‌governing‌‌body‌‌of‌‌the‌‌Divvy‌‌protocol.‌‌$DVY‌‌token‌‌holders‌‌are‌‌
 
given‌‌the‌‌ability‌‌to‌‌participate‌‌and‌‌vote‌‌on‌‌community‌‌proposals‌‌and‌‌amendments.‌‌Community‌‌  
votes‌‌include‌‌but‌‌are‌‌not‌‌limited‌‌to:‌‌community‌‌incentives‌‌(liquidity‌‌mining‌‌rewards),‌‌marketing‌‌
 
initiatives‌‌(betting‌‌tournaments),‌‌and‌‌protocol‌‌upgrades‌‌(what‌‌sport/games‌‌to‌‌support‌‌next).‌  ‌
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 Token‌‌Economics‌  ‌
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