Debets Protocol
  • 🌿Introduction
    • Debets Protocol
    • Games
    • Provably Fair
    • Contracts
  • 🍃FAQ
    • General
    • Liquidity Provider
    • Affiliate
  • 🍂TOKEN
    • $LEAF
  • 🔗Links
    • Twitter
    • Github
  • tutorial
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On this page
  • Overview
  • Core Features
  • Why Deploy Debets on the Sonic Network?
  • Motivation behind Debets
  1. Introduction

Debets Protocol

Welcome to the Debets Documentation

NextGames

Last updated 11 days ago

Overview

Debets Protocol is a decentralized, p2p (peer to pool) iGaming platform, where players bet against each other (Liquidity providers) instead of against a bookmaker or a Web2 casino. It is built completely on blockchain technology, and powered by smart contracts.

Debets is a permissionless system, which means that the system allows any ERC20 token holder to open a bet with their tokens. In this platform, you can become the House(adding liquidity) or be a player. Anyone can bet, provide liquidity, or create new markets at will.

Core Features

  • Non custodial – Fully decentralized, Debets never holds users’ funds or tokens. Smart contracts manage all transactions.

  • Transparency – Every transaction is publicly visible and recorded on-chain.

  • Provably Fair – ChainLink VRF provides the players with automated and verifiable assurances directly on-chain that game and bet outcomes are provably fair and were not tampered with by the oracle, outside entities, or the Debets Protocol.

  • Be the House – Anyone can deposit ERC20 tokens into the Debets pool to act as the House, backing bets placed on the platform and sharing in the profits from betting activity.

  • Permissionless – No barriers. ERC20 holders can create or play freely.

  • Decentralized iGaming Operator – Developers can integrate the Debets protocol to design custom games and earn revenue from player wagers.

  • Anonymous– No KYC, identity checks, or sign-up process—start betting without pre-funding or personal data.

Why Deploy Debets on the Sonic Network?

Debets has chosen to deploy on the Sonic network to harness its exceptional performance, significantly enhancing user experience and positioning Web3 casinos as competitive alternatives to their Web2 counterparts. Sonic, a high-performance Layer 1 blockchain, offers extremely high TPS (transactions per second) with an average transaction fee of just $0.001, while maintaining full Ethereum Virtual Machine (EVM) compatibility.

This superior throughput and cost efficiency enable Debets to achieve settlement times of approximately 3 seconds—matching the instantaneous standards of Web2 casinos and addressing the latency issues often associated with early Web3 platforms. Sonic’s performance ensures a seamless betting and settlement experience, while its low fees reduce costs for players and liquidity providers, facilitating more efficient participation.

By leveraging Sonic, Debets empowers Web3 casinos to compete with Web2 platforms, delivering a fast, fair, and cost-effective decentralized betting experience to users.

Motivation behind Debets

We set out to rethink the online gambling experience, creating a Web3 decentralized application that solves the pitfalls of modern Web2 casinos. According to the American Gaming Association (AGA), commercial gaming revenue hit a record-breaking $53 billion in 2021. Yet, this massive industry remains largely controlled by centralized Web2 platforms—Debets aims to change that.

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