Back the pool: share its fees and its losses
Deposit NEAR into KLP, the pool that pays every market's winners. You get KLP shares: they gain when the house comes out ahead on a market and from the backers' half of the house's fees, and they lose when it comes out behind.
Backing the pool is one of fifteen ways to earn in Kibble. See them all, safest first.
Where the money is
see the marketsReading the pool…
Each market sets aside its worst case when it opens, so its winners are always paid; at that moment it may take at most 40% of the pool, and all markets together 90% (25% for markets running past two weeks). Withdrawals since can push the share higher. The money frees once a market's result is final: after it ends, the result is proposed and waits a challenge window of 2 hours (1 day when much is at stake), longer if it is disputed. A market with no result a day after it closes (a week for Sundays and seasons) can be voided: its traders are refunded and its money frees. Any result can be disputed in its window; a checked one can then only be confirmed or voided, any other the admin rules.
Your position
Connect a wallet to see what your share of the pool is worth and what you can take out today.
Stake NEAR with RHEA
APY –Not the pool above: staking, with none of the pool's betting risk. Its own risks are RHEA's contract and validators, and a wait of about 30 hours to unstake at full value. rNEAR is RHEA Finance's liquid staking token on NEAR, staked across more than a hundred validators. It grows against NEAR as staking rewards come in, and it stays in your own wallet. Kibble takes no fee. Pet savings can stake through rNEAR too.
- 1 rNEAR is worth
- –
- Your rNEAR
- connect to see
You get about – rNEAR.
Run by RHEA Finance (lst.rhealab.near), not by Kibble: its rules and keys are RHEA's. RHEA
Six things to know
- You can lose most of your deposit. If markets end against the house, the pool pays their winners: up to the part set aside, most of the pool when it's busy, and more as new markets open.from the contract
- Withdrawing at once returns less. The deposit box shows how much before you sign. While markets are open, shares are bought at the pool's best case and sold at its worst, so nobody can jump in ahead of a known win or out ahead of a known loss.from the contract
- Withdrawals wait an hour after you deposit. Any top-up restarts the hour, both ways wait ten minutes after your own trade, and withdrawals come only from the free part of the pool.from the contract
- Kibble keeps 15% of any gain when you withdraw. Nothing on a loss, and the amount shown to withdraw already has it off. The house's own stake pays none.from the contract
- The pool pays for new markets' storage when Kibble's treasury can't. About 0.06 NEAR for each market opened, up to 30 markets a day. It comes off the pool's value whether the markets win or lose, and it is not paid back.
- kibble.near runs it. It can pause a market, rule on a disputed result, change the odds brain and the enclave keys (each change waits a day), and upgrade the contract, which could change any rule. Pets never move your money.from the contract
Where does my money go?
Into the pool held by odds.kibble.near. When a market opens it sets aside its worst case from the pool; the rest stays free. Traders' money in a market is held apart from the pool until the market ends.
Where can gains come from?
Each trade pays a fee, part of it the house's and part the pets' (they keep theirs). Half of the house's part goes to the pool and half to Kibble, which pays referral rewards from it. The pool gets it when the market resolves; a voided market refunds its fees to traders. The pool also gains when a market ends with the house ahead, and keeps the bond of a dispute that fails.
How can I lose?
When a market ends with the house behind, its winners are paid from the money set aside for it. Your shares carry your part of that. A withdrawal is fixed at the pool's worst case: if markets you left later end well, the shares that stayed get the gain.
When can I take it out?
An hour after your last deposit and ten minutes after your own last trade, from the free part of the pool. The part set aside frees as each market's result becomes final: proposed after it ends, then a dispute window of 2 hours to 1 day, longer if it is disputed. For a season that is after its last Sunday.
How is each result decided?
Riddle markets resolve on the pet's signed answer and the judges' signed verdicts (two of three that agree; older ones on one referee), Sunday markets on the signed bracket and seasons on the table of their Sundays: the odds contract checks these, and on a dispute they can only be confirmed or voided. Duels settle on the arena's result, read by the contract from the arena, which checked the signatures. The list above says which is which.
What does it cost?
At least 1 NEAR a deposit, 0.003 NEAR kept from your first deposit for storage (again if you withdraw everything and come back), a 1% slippage guard on both ways, and Kibble's 15% of any gain when you withdraw. Each new market also books its own storage, about 0.06 NEAR, from Kibble's treasury first, and from the pool whenever the treasury holds less than that. How the markets work