A Boss is an ERC-721 with a trick: through ERC-6551, every token owns a real on-chain wallet (a token-bound account). Rewards aren't IOUs in a claims contract — stock lands in the Boss's own wallet, and whoever holds the Boss holds the wallet. Sell the Boss and the wallet, with everything in it, goes to the buyer.

Bosses trade on a flat-price AMM: a fixed 500,000 $PIT price plus a small ETH fee, with two doors — buy next takes whatever's up, snipe pays a higher fee to pull a specific Boss out of inventory. No bonding curve on the collection, no price discovery games: the scarcity is the 888 cap, not the chart.

A fresh Boss earns nothing. Activation costs 500 $PIT — half is burned forever, half goes to the House Book — and switches the Boss onto the floor: it accrues weight, builds streaks the longer it stays active, and starts collecting from every crank. Transferring a Boss clears activation; the new owner pays to switch it back on. You choose what you're paid in: elect any listed stock and the book delivers that, or set an auto-DCA target.

Every machine in the Pit is tied to one tokenized stock. You buy a ticket in ETH, choose a lane — Instant for standard tickets (capped ~$100), Vault for size, with a longer entropy delay and full escrow — and roll. Your multiplier lands on a fixed, public 21-rung board, and your payout is delivered as the machine's stock.

The board is engineered around one promise: you can never lose more than 30% of a ticket. There is no zero on this wheel. ~82% of rolls land on the 0.70–0.75× floor — that steady trickle is the house edge working — and the tail runs up through 2×, 10×, 25×, to a genuine 1-in-1,000 50×. Summed and weighted, the board returns 90 cents on the dollar; the missing dime is the only house edge in the building.

When a roll settles you choose the exit: sell back instantly at 95% of the live oracle mark, hold the stock, or seal the full prize into a bearer certificate — no spread on the seal. Lose too many rolls in a row and the machine pays a streak rebate — 10% of your average ticket back, an on-chain tilt cushion.

The stock a machine pays winners from isn't a treasury — it's a bankroll staked by players. Stake stock into a machine (you'll need an activated Boss) and you own a pro-rata share of that machine's fate: every losing roll accrues to you, every winning roll pays out of the pool, and the sell-back spread lands on your side of the table. Over volume, the 10% edge is yours.

Solvency is enforced, not promised. A machine reserves 50× of every open ticket before the roll is accepted — the worst case is always funded — and an on-chain invariant guarantees the bankroll always covers open reserves. Withdrawals are subject only to those open rounds; there is no lockup beyond math. Machine creation is permissionless too: spin up a machine for any listed stock and earn 2.5% of its action forever as its creator.

A bearer certificate is a numbered NFT that seals tokenized stock 1:1 — a deed drawn fully on-chain, art included. Seal 10 shares of a stock into certificate #217 and that note is 10 shares: whoever bears it can redeem it, and redeeming burns the note and releases the stock in the same transaction. A spent note cannot exist, so a certificate in your wallet is always backed — there is no state where the paper outlives the stock.

Sealing costs a flat $2 in ETH (oracle-priced), split between the House Book and the protocol reserve. Pit winnings can be sealed straight from a settled roll at the full prize value, no sell-back spread — the certificate route is the no-haircut exit.

The Launcher takes a token from nothing to a live market: launch at a fixed price or on a bonding curve, and when a curve launch hits its raise threshold it graduates — 20% of supply seeds a real pool and trading moves to the open market. Every curve trade pays a 1% fee.

30% of that fee charges the Opening Bell — a buyback bar shared by every live launch. When the bar fills, anyone commits a provably fair draw and rings: one random live launch gets the whole bar as buy pressure, purchased off its curve and burned. The ringer keeps a 0.5% tip. Launching here means every other launch's volume might ring for you.

The Locker holds LP positions under three regimes. Hard lock: sealed until a date, no early exit, no exceptions. Linear vest: principal streams back continuously across the window. Permanent: the key is burned and the liquidity is locked forever — the strongest rug-proof statement a token team can make. In every mode, trading fees keep flowing and can be collected any time without touching principal.

The lock itself is an NFT — transferable, sellable, verifiable by anyone on-chain. There is deliberately no admin key: the contract cannot release early for anyone, including its deployers. A flat Ξ0.01 up-front fee plus a 20% share of collected trading fees feeds the House Book.

Need liquidity without selling your Boss? Post it at the pawn desk. The vault holds the NFT and hands you the full flat principal in $PIT — the same amount for every Boss, no appraisal, no oracle games. You pick the term (3–90 days) and pay the interest up front in ETH: 15% APR pro-rated to the term, so a 30-day loan costs a little over 1%.

Repay the exact principal and the Boss comes home. Run late and a 30% APR late fee accrues in ETH — but there is no liquidation engine and no margin call. Default simply sends the Boss back to the AMM vault it originally came from. Your maximum downside is known the moment you borrow, and it's the Boss — never more.

Every fee in the protocol drains to one place: the House Book. Pit edge, AMM trading fees, certificate fees, launcher fees, locker fees, loan interest — six streams, one bar, filling in public. You can watch it tick upward in real time on the House Book page.

When the bar crosses its threshold, anyone can pull the crank. The crank swaps the pot into tokenized stock and distributes it across all activated Bosses by floor weight — heavier weight (longer streaks, more activity) earns a larger slice, capped at 3.33× so the front row can't run away with the room. The cranker keeps 0.5% for the gas and the effort; a keeper bot usually beats you to it, and that's fine — the point is that nobody has to be trusted to press the button.

Floor weight compounds — play, stake, launch and borrow, and your Bosses' scores climb all quarter. Every season end (anyone can roll it), scores compress 50% toward the mean: the leaders keep an edge but the ladder re-opens, and a 5% season bonus pays the quarter's standings. Dynasties are possible; monopolies aren't.

Every random outcome — every pit roll, every bell draw — follows the same discipline: commit first, randomize later. When you buy a ticket, the contract locks your roll to entropy from a block that hasn't been produced yet. At commit time the information you'd need to cheat does not exist anywhere in the universe — not for you, not for us, not for the sequencer.

When the target block lands, the entropy word is public and the outcome is frozen — settling is just arithmetic anyone can run. The mapping from word to multiplier is a pure function in the contract: take any settled roll's word from the chain, run it through the table yourself, and you must get the payout you were paid. Every outcome is verifiable after the fact by anyone, forever. If a machine's entropy source ever degrades, its badge flips on the Pit page and new rolls pause at commit — fail safe, not fail open.

No hidden take. This is the complete list of what the protocol charges, and where every basis point goes. "Book" means the House Book — the pot that pays Boss holders.

One reading of that table matters more than the rest: every row ends at the House Book or a burn. Fees don't exit the system — they circle back to the people holding it up. That's the whole design, and it fits in one sentence: the house always wins, so be the house.