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.

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.

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.

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.

Yes. Set your stake in the book detail — $10 up to $5,000 — or take the whole remaining capacity with BACK THE REST.

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.

The other side of the book. Instead of being the house, you bet that the trigger fires. If it does, you are paid your stake × the book's multiple × severity from the pool; if the book settles clean, your stake goes to the pool. The multiple is the house rate turned inside out, so both seats carry the same 17% vig. Storm room is capped at half of what the house has locked, and the seat rides to settlement — no early exit.

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.

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.

1% of every premium paid on VIG. Finish a season perfect — 10+ books, zero triggers — and you split it with every other perfect backer.

Yes. SELL SLICE quotes a live exit price in cents on the dollar, matched with other backers. Premium you have already accrued stays yours.

In smart-contract escrow (USDC). VIG never holds or touches user funds — stakes and premiums move between backers and hedgers directly.

Apple Pay, bank, or a wallet. Withdrawals under about $500 (≈$1,000 lifetime) need no ID. Above that, a two-minute ID + selfie — once.

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.

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.

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.

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.

Yes. Tap LIST YOUR … in any category: pick your basket, size, window → live quote → pay. That payment is your account. No forms, no upload.

Your verified exposure × the actual drop, capped. A hedge makes you whole, never rich — which is exactly why backers trust the book.