ChisinoChisinodocs

Tokenomics

Chisino uses a three-token system: pUSD for gameplay, $HOUSE for governance, and sHOUSE as the staking receipt.

The Three Tokens

pUSD for gameplay, $HOUSE for governance, sHOUSE as a staking receipt.

pUSDERC-20
Backing1:1 USD stablecoins
RedeemableYes, anytime
Earns70% Fee Pool
Usage
Deposit, play scratch cards, hold to earn
$HOUSEERC-20
Supply10,000,000 fixed
Token saleNone
Earned byPlaying (1:1 pUSD)
Usage
Governance, stake for sHOUSE
sHOUSEERC-20
Received byStaking $HOUSE
TransferableYes
Earns30% Fee Pool
Usage
Staking receipt, fee distribution
Info

$HOUSE is not sold. It is distributed through protocol participation (gameplay) and liquidity provisioning. There is no ICO, no presale, and no token purchase mechanism. Over 50% of supply is allocated to the community.

Token Relationships

How the three tokens interact within the protocol.

Flow Diagram
DEPOSITUSD StablecoinsUSDm + otherspUSDPlayUSD · 1:1
With pUSD you can:
Hold in wallet
Earn 70% of Fee Pool pro-rata
Only wallet pUSD qualifies
Spend 3 pUSD to play
Win instant prizes + NFT ticket
+ earn 1 $HOUSE per pUSD spent
STAKEEARNS$HOUSE10M fixedsHOUSEstaking receipt30% Fee Pool+ governance

Exchange Rate Invariant

How pUSD maintains its 1:1 stablecoin peg at all times.

1 pUSD = $1 AlwaysInvariant

pUSD maintains a 1:1 exchange rate with underlying stablecoins at all times. This ensures game mechanics are stable — 3 pUSD always equals exactly $3.

Yield accrues → exchange rate drifts above 1:1
harvestAndRouteYield() / routeSponsorYield()
MINT new pUSD = yield → route to TCV / PrizePool / FeePool
Exchange rate returns to 1:1 ✓

routeSponsorYield() is called automatically before each play, maintaining the invariant without manual keeper calls.

Yield Architecture

All deposited capital is deployed to yield-generating strategies. Yield is harvested and routed by the ScratchController proportionally between the Prize Pool and TCV:

Yield Routing
Yield from deployed capitalScratchController.harvestAndRouteYield()TCV Share50% Ticket Restoration · 50% Fee PoolPrize Pool Sharesupplements prize rewards
TCV Shareproportional
50%→ Ticket Restoration
Accrues toward $3.00 target per ticket
50%→ Fee Pool
└ 70%pUSD wallet holders
└ 30%sHOUSE stakers
Prize Pool Shareproportional

Yield flows to the Prize Pool, supplementing the 1.00 pUSD per play direct deposit.

Self-balancing: as TCV grows, more yield flows to TCV, accelerating recovery and fee distributions.

Tip

Self-balancing: Early on (small TCV, seeded Prize Pool), most yield flows to Prize Pool — supporting rewards. Over time (large TCV), more yield flows to TCV — accelerating ticket recovery and growing fee distributions.

Fee Distribution

The Fee Pool receives 50% of TCV's proportional yield share, then distributes:

pUSD Wallet Holders
70%
Pro-rata by eligible pUSD balance. Only pUSD in user wallets qualifies — pUSD held in protocol contracts does not.
sHOUSE Stakers
30%
Pro-rata by sHOUSE balance via HouseStakingRewards. Must stake $HOUSE to receive sHOUSE.

The 70/30 split is adjustable via governance. If no $HOUSE is staked, 100% flows to pUSD wallet holders.

$HOUSE Distribution

Total supply: 10,000,000 $HOUSE (fixed, no inflation).

Allocation10,000,000 total
40%
10%
25%
25%
Community
40%
4,000,000
Play-to-earn, no cliff
Liquidity
10%
1,000,000
DEX, 12mo decaying
Team
25%
2,500,000
1yr lock, then vested
Ecosystem
25%
2,500,000
Governance post-launch
Info

Over 50% of $HOUSE supply goes directly to the community through gameplay (40%) and liquidity provisioning (10%). The community airdrop is continuous with no cliff or unlock events — you earn $HOUSE simply by playing.

$HOUSE Governance

$HOUSE holders participate in protocol decision-making. Governance will progressively transfer control to $HOUSE holders as the protocol matures.

Governable Parameters
✓Play cost and split ratios
✓Outcome table adjustments
✓Yield strategy allocation
✓Distribution schedule modifications
✓New game types
✓Treasury deployments
✓Fee pool split ratios