Non-production prototype
These contracts are unaudited. The configured treasury currently has no contract code, so real-money betting and LP deposits are not operational. Do not deposit; check the current deployment status before any interaction.
Be the House
HouseTreasuryVault is the intended shared-bankroll design for Polypar. It is an ERC-4626 vault whose assets are USDC.e and whose shares represent a pro-rata claim on treasury net asset value. It is not a currently available public product flow.
Intended LP mechanics
- Only callers whitelisted by the treasury owner may
depositormint. - Treasury shares are transferable.
- Shareholders may use normal ERC-4626 withdrawal or redemption paths; those outflows are not reserved against unresolved parlay wins.
- Losing parlay vaults transfer their remaining collateral into the treasury, which can increase share value.
- Winning parlay vaults reduce treasury assets when the factory calls
fundWin, which can decrease share value. fundWintransfers only the smaller of the requested shortfall and the treasury's current balance.
LP returns can be negative. There is no contract-level guarantee that margin income will exceed winning claims, adverse selection, pricing error, correlation, operating failures, or smart-contract losses.
No aggregate solvency reservation
Each parlay vault has its own cap, but the current design does not reserve treasury collateral for the combined worst-case exposure of all open vaults. A whitelisted LP can withdraw while potential wins remain outstanding. Later winning vaults can therefore receive less than their nominal shortfall.
That affects both sides:
- bettors may redeem a winning vault pro-rata below its nominal claim;
- LP share value can fall as wins are funded, including toward zero in severe losses.
Not live on the current deployment
The configured Polygon treasury address has no contract code and is not a HouseTreasuryVault. There is also no /treasury deposit interface in the current app. Public LP deposits and real-money bankroll funding are not operational. Do not send assets to that address.
Who can participate?
Not everyone can provide treasury liquidity. Even with the intended contract deployed, deposits and mints are owner-whitelist gated. Share transfers do not make the receiving account eligible to add more capital unless that caller is separately whitelisted.
Check Network & Contracts for the re-verified target and prototype status. No documentation page or app card should be treated as an invitation to transfer funds directly.
Next: understand bettor shortfalls in Payouts & Margin and evaluate LP-specific loss scenarios in Risks & Limitations.