Unaudited deployment
These contracts are unaudited, and the treasury can pay only from its actual USDC balance. Check the current deployment status and risk disclosures before any interaction.
Be the House
HouseTreasuryVault is Polypar's deployed shared-bankroll contract. It is an ERC-4626 vault whose assets are USDC 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.
No public LP flow
The configured Polygon HouseTreasuryVault is deployed. There is no
/treasury deposit interface, and deposits or mints remain restricted to
owner-whitelisted callers. Do not transfer USDC directly to the contract as a
substitute for an ERC-4626 deposit.
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 current target and deployment 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.