Backing
What is VIG, in one line?
A risk exchange. People with a real risk pay a premium to shed it; you underwrite that risk in slices and collect the premium. You’re the house.
What is a book?
One risk contract: a trigger (a measurable event), a window, a premium rate and a capacity. If the trigger doesn’t fire by close, backers keep their stake plus the premium.
What happens when a trigger fires?
Your stake pays out — scaled to how far past the trigger the event went, never more. On a SIM book it splits 83% to the premium pool · 5% relief · 12% VIG; on a real book it pays the hedger’s verified loss. Max loss is always your stake — and on senior stakes under $100 the starter shield caps a single trigger at 60% of the stake, so a bad night never wipes the week. No leverage, no margin calls, ever.
How often do books trigger?
Books are priced so roughly 92–94% settle clean. You win small and often, lose bigger and rarely — that is the house’s side of the table.
Can I back more than the slice?
Yes. Set your stake in the book detail — $10 up to $5,000 — or take the whole remaining capacity with BACK THE REST.
Earning
What is the rolled %/yr on each card?
The window rate compounded as if you re-backed every window for a year. A 2% weekly book rolls to ~180%/yr. Same risk, faster cycle — short windows are the velocity lane.
Senior vs Junior seat?
Senior: shielded — junior slices absorb trigger losses before yours, and you earn the base rate. Junior ×3: the first-loss seat, triple premium. One book, two appetites.
When does premium land?
It accrues from the moment your stake is at risk and streams to your EARNING counter live. The balance settles to your wallet when the book closes.
What is the Season Pot?
1% of every premium paid on VIG. Finish a season perfect — 10+ books, zero triggers — and you split it with every other perfect backer.
Can I exit a book early?
Yes. SELL SLICE quotes a live exit price in cents on the dollar, matched with other backers. Premium you have already accrued stays yours.
Money
Where is my money held?
In smart-contract escrow (USDC). VIG never holds or touches user funds — stakes and premiums move between backers and hedgers directly.
How do I fund and withdraw?
Apple Pay, bank, or a wallet. Withdrawals under about $500 (≈$1,000 lifetime) need no ID. Above that, a two-minute ID + selfie — once.
What does VIG charge?
The house’s vig: 12% of trigger flow on SIM books and 10% of the hedger’s premium on real books. Selling a slice early costs a haircut — on starter accounts (under $1,000 in play) that exit fee stays in the pool and pays other backers’ premiums; larger accounts pay it to VIG as a liquidity charge. Never a cut of your premium, never a cut of a clean settlement.
Can VIG lose my money?
VIG never takes a side, never fills an unsold slice, never lends. Every book is fully collateralized before it goes live, so there is nothing to default on.
SIM books
What is a SIM book?
A simulated hedge. The character and business are illustrative — but the trigger, the data feed, the settlement and the money are real. The pool funds the premium.
If a SIM book triggers, who gets paid?
The room. Your loss splits 83% to the premium pool (it pays the books that settled clean), 5% to a relief partner and 12% to VIG. If the storm hits, a slice goes to the coast.
Hedging
I have a real risk — can I list it?
Yes. Tap LIST YOUR … in any category: pick your basket, size, window → live quote → pay. That payment is your account. No forms, no upload.
What can a hedge pay me?
Your verified exposure × the actual drop, capped. A hedge makes you whole, never rich — which is exactly why backers trust the book.