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Profit for bad vibes.

The first prediction market for pessimists — bet on the downfall only. Rugs, dumps, crashes, IRL L's. Winners split the pool when it sinks.

Built on Hood & Base Permissionless Parimutuel

What it is

A parimutuel prediction market. Every market is a YES/NO question about something going down:

YES = it sinks — the crash happens.
NO = it survives.

Both sides stake into a pool. When the market resolves, the winning side splits the whole pool pro-rata, minus a 2% protocol fee. No house, no order book — just the crowd betting against each other.

Markets are permissionless: anyone can open one. The front page only features curated ones — the protocol never gates who can create.

How to play

Connect your wallet (top-right).
Pick a chain — a switch in the panels lets you choose:

Chain	You bet in	Resolution
🪶 Hood (Robinhood Chain)	ETH	curated
🔵 Base	USDC	trustless (UMA oracle)

The Depths → browse live markets, hit Bet SINKS or Bet SURVIVES.
Call a Crash → open your own market: category, YES/NO question, close time.
After it resolves, winners hit Claim. Voided markets refund everyone.

Lifecycle of a market

create ──▶ open (bets) ──▶ close ──▶ resolve ──▶ claim │ └▶ unresolved 30d ─▶ anyone voids ─▶ refund

Open — bets accepted until the close time.
Resolve — outcome settled (curated on Hood, UMA on Base).
Claim — winners withdraw their share of the pool.
Refund — if voided (no winners, or never resolved in 30 days), every bettor reclaims their stake. Funds can never be trapped.

Bets are final: there is no early withdrawal. Your stake is locked until the market resolves — or refunded if it's voided.

Fees

0% is taken on your deposit — you stake 100% into the pool. A 2% protocol fee is taken on the total pool at resolution. Winners split the remaining 98% in proportion to their stake on the winning side.

The fee is capped in code at 10% and can never exceed it.

$WATER token

The protocol earns a 2% rake on every resolved pool. $WATER turns that real revenue into token value — just hold to become the house.

The revenue loop

Each resolved market sends its 2% rake to the protocol, split three ways:

Destination	Share of rake	Role
$WATER holders	50%	rev-share — distributed to holders by snapshot, pro-rata to balance (paid in the market's asset: ETH on Hood, USDC on Base)
Buyback & burn	30%	deflationary pressure on supply
Treasury / DAO	20%	dev, audits, liquidity, incentives

Periodically the rake pot is paid out against a holder snapshot taken at a fixed block — no staking, no lock-up. Hold $WATER at snapshot time, receive your pro-rata share. The token earns what the protocol actually generates — not inflationary emissions.

Utility & perks

Rev-share — hold $WATER; each snapshot distributes a share of the 2% rake to holders pro-rata to balance (no staking, no lock-up).
Fee discount — holders pay less than 2% on their own bets, down by tier.
Curation — stakers vote which permissionless markets get featured.
Resolution — over time, stakers become the jury that resolves Hood markets (decentralizing the operator).
Access & status — bypass creation bonds, early categories, leaderboard flair, cosmetic goodies.

Depth tiers

Tier	Your bet fee	Perks
💧 Puddle	1.7%	badge, airdrop
🐠 Shallows	1.4%	bypass creation bond
🪸 Reef	1.0%	featured slots, priority listing
🦑 Abyss	0.7%	curation vote
🕳️ Mariana	0.5%	resolution vote, private markets

Supply

1,000,000,000 $WATER — 40% liquidity / fair launch · 25% community rewards · 20% treasury · 10% team (12m cliff + 24m vest) · 5% early-user airdrop.

Paying a share of protocol revenue to holders is close to a dividend and can make a token a security in some jurisdictions. What you buy is the utility (fee discounts, curation, resolution); the rev-share is a discretionary reward, not a promise of profit. Nothing here is an offer or investment advice.

Trust & safety

The protocol can't touch the pools — funds only leave via bettor claim / refund.
cancelStale lets anyone void a market a resolver never settled (after 30 days) — money is never locked by an absent resolver.
On Base, resolution is trustless (UMA optimistic oracle: propose → dispute → vote). On Hood, resolution is curated for the MVP.
All on-chain market text is escaped before display — no injection.

Contracts

Chain	Address
Robinhood Chain (4663)	`0xDF493768E7b5E0BbD5CB4DA119Eba1030305f415`
Base (8453)	`0xcCe1a9B932a6f17A028582bc8a8507900ae3ce2a`

Disclaimer

Experimental software — use at your own risk. Underwater Money is an unaudited MVP. Smart contracts can contain bugs; you can lose 100% of what you stake.

Bets are final. Once placed, your stake is locked in the pool until the market resolves — there is no early withdrawal. You are refunded only if a market is voided.

Resolution. On Base, outcomes are settled trustlessly by the UMA oracle. On Hood (MVP), outcomes are set by the protocol operator — you rely on them to resolve honestly.

Permissionless. Anyone can create a market; question text is user-supplied. Read carefully and never trust a market's wording blindly.

This is not financial advice, not an investment, and not a solicitation. Gamble responsibly and only with funds you can afford to lose. You are responsible for your own taxes and for complying with the laws of your jurisdiction.