📒Glossary

This glossary provides definitions for terms and concepts commonly used at DegenHouse. It's designed to help users better understand the features and functionalities of DegenHouse.xyz.

Understanding these terms will enhance your experience on DegenHouse.xyz, making it easier to navigate and participate in the various betting and gaming activities offered.

1. Deposit/Balance in App: The amount of funds deposited within the DegenHouse platform. This is distinct from the balance in your personal wallet.

2. Testnet Token (dUSDC): A token used for interacting with the DegenHouse platform. It is not a real currency but simulates transactions on the platform.

3. Faucet: A feature on the platform where users can obtain testnet tokens (dUSDC) during testnet.

4. Bets: Refers to the price prediction bets that users can create or participate in on the platform.

5. Bet Creator: The individual who initiates or creates a bet on the platform.

6. Join Until Time: The deadline by which users must join a bet. After this time, the bet will no longer accept new participants.

7. Settlement Time: The specific time when a bet is concluded and winners are determined.

8. Estimated Win Amount: The potential winning amount calculated as 'collateral * 2 - royalty'. The royalty is a fee that goes to the house.

9. NFT Bet: A type of bet where users place Non-Fungible Tokens (NFTs) as collateral.

10. Token Bet: A type of bet where users use tokens as collateral.

11. Open Bets: Bets that have been created by a bet creator and are available for other users to join.

12. Live Bets: Bets that are currently active and ongoing.

13. Lottery: A game of chance conducted by DegenHouse, where users can win prizes based on random draws.