Betting & Payout
Hopp.it employs sophisticated smart contracts on Solana to manage all betting funds with complete transparency and instant settlement.
Secure Fund Management
Bet Placement Process
User connects supported wallet (Phantom, Solflare, Backpack)
Bet amount deposited in supported stablecoins (USDC, USDT)
Smart contract immediately locks funds in secure escrow
Bet parameters permanently recorded on-chain with unique transaction ID
Security Architecture
Multi-signature wallet controls for all platform operations
Time-locked contracts prevent premature fund access
Cold storage integration for excess liquidity management
Comprehensive audit trails for every fund movement
Automated Settlement Engine
Upon market resolution, smart contracts execute settlement automatically without human intervention:
Winner Identification: Contract analyzes resolution data to identify winning positions across all market participants.
Payout Calculation: Automatic computation using the formula: (Total Losing Stakes × 0.98) ÷ Total Winning Stakes × Individual Stake
Fee Deduction: Transparent 2% platform fee deducted only from gross winnings, never from losing stakes.
Instant Distribution: Net winnings transferred directly to winner wallet addresses within seconds of resolution.
Transaction Recording: All movements permanently recorded on Solana blockchain for complete transparency.
Gas Optimization & Cost Efficiency
Batched Processing: Multiple payouts processed together to minimize transaction costs while maintaining speed.
Optimized Contracts: Efficient code reduces on-chain storage requirements and computational costs.
User Fee Coverage: Platform covers gas fees for smaller payouts to ensure positive user experience.
Smart Routing: Intelligent transaction routing minimizes network congestion impact.
Void Market Handling
When markets are canceled due to data conflicts, event cancellation, or technical errors:
Automatic identification of void conditions triggers immediate refund protocols
Smart contracts execute full stake returns to all participants
No fees charged for voided markets
Clear communication provided about cancellation reasons
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