The terms in plain language.

1 · Who can join

• You are 18 or older.
• One account per person. Invite and referral codes, where issued, are personal and may not be sold or posted.
• We may close or refuse any account at any time, including for breach of these terms. Funds you have locked in the escrow contract remain yours and settle or reclaim under the contract's own rules.

2 · What VIG is

• A parametric risk exchange. Book narratives are illustrative; triggers settle on public third-party data feeds (weather, aviation, price indices, scores) that we do not control and that may be late, wrong or unavailable. A book with missing data settles void.
• Rates, seats, pools, timers and every other mechanic can change for books that open after the change; a rate you were quoted when you backed a book is the rate that book settles at.
• Nothing on VIG is an offer, solicitation, investment, insurance product or financial advice. Any forward-looking figure shown (rolled rates, pace, projections) is arithmetic on assumptions, not a promise.

3 · What you may not do

• Scrape, crawl, poll or otherwise access the service by automated means, or reverse-engineer, copy or reproduce the app, its pricing, book catalog, data feeds or mechanics.
• Circumvent rate limits, tiers, caps or signup controls, or operate multiple accounts.
• Use the service where doing so is unlawful for you.

4 · Ownership

VIG, the VIG mark, "You're the house now", the app, its design, copy, catalog, narratives, mechanics and software are the property of the operator and protected by copyright and other laws. You get a personal, revocable licence to use the app as a member and nothing more. Feedback you give us may be used freely.

5 · Your data

We store the handle and avatar you choose, the wallet address you connect, your positions and settlements, and technical logs needed to run and secure the service. We do not sell personal data. Ask us and we will delete your account and its data; on-chain records cannot be deleted by anyone. The privacy policy has the full list.

6 · No warranty, limited liability

The service is provided as is, without warranties of any kind. To the fullest extent permitted by law, the operator is not liable for any loss or damage arising from the service, including from feed errors, downtime, network congestion or changes to mechanics. Losses on a book you backed are the outcome of that book, not damage caused by the service.

USDC backing on Base · how the money works

What real-money backing is. You may back a book with USDC from a wallet you control. Your stake is transferred by you, from your wallet, into a smart contract on the Base network (the escrow), into a vault that belongs to that one book. VIG does not hold, pool, lend or invest your funds at any point. The contract releases the vault only against a settlement signed by VIG that cites the public source of record for that book, and if VIG has not settled within the grace period written in the contract, you may reclaim your own deposit from the contract yourself.

What you can lose. The most you can lose on a book is the stake you locked for that book, less any starter-shield protection stated in the app at the time of backing. There is no leverage, no margin and no credit. Premium is paid only when a book settles clean; it is not guaranteed, and past settlements do not predict future ones.

Who may use it. You must be 18 or older, and it is your responsibility to confirm that backing books with USDC is lawful where you live; VIG may restrict the rail by location if the law requires it. You must be the sole owner of the wallet you connect. Card and bank purchases of USDC run on Coinbase, which performs identity and sanctions checks and sets its own limits and fees; you agree to Coinbase's terms when you use that service.

Fees. VIG's fee is the unallocated remainder of a settled vault, being the house share of trigger flow stated on each book, and a stated share of a hedger's premium on listed books. Network gas is paid by you when you back and, if you choose to submit a settlement yourself, when you settle. VIG never charges a fee on a clean settlement's premium.

Risks you accept. Smart contracts can contain defects; the escrow has passed its own tests but has not yet had an external audit, and VIG caps the total held in escrow until it has. Data feeds can be late or unavailable; when a feed cannot answer, the book voids and stakes are returned. USDC is a stablecoin issued by a third party and carries its issuer's risk. Blockchain transactions are final.

7 · Changes and contact

We may update these terms; the effective date above changes when we do. VIG is operated by Grid Storm Capital LLC, 159 N Wolcott St, Ste 133, Casper, WY 82601. Questions and requests: support@vighouse.app or the contact form.