UniHouse Whitepaper

UniHouse

The rapid growth of decentralized finance (DeFi) and online gambling has created significant challenges in the intersection of these two sectors. Traditional online casinos operate with centralized control, limiting participation and profit-sharing to a select elite few. Decentralized gambling platforms struggle with liquidity issues, hindering their ability to offer a wide range of competitive games and attract players.

These issues create a fragmented ecosystem where web3 game developers struggle to fund their projects, players face limited options and potential security risks, while everyday investors are shut out from lucrative gambling industry profits. The lack of a unified, secure, and accessible platform that addresses these concerns would have stunted future innovation and growth in decentralized gaming.

UniHouse was conceived to solve these interconnected problems by creating a novel system that democratizes casino investment, provides liquidity for game developers, and offers players a secure gambling environment. By allowing users to stake assets in various "houses," UniHouse aims to revolutionize the structure of online gambling, making it more inclusive, transparent, and beneficial for all participants in its ecosystem.

System Overview

UniHouse operates through a series of "houses," each representing different assets such as SUI or FUD. Users can stake their assets in these houses to earn profits(or losses) in alignment with the house's overall performance. Each house is dynamically linked to the central UniHouse object, ensuring that all operations are regulated and secure. This setup prevents unauthorized access and guarantees that all transactions are processed according to the system's rules.

Market Opportunity

The online gambling market continues to expand, and there is a growing appetite for gambling on decentralized systems that allow for new forms of investment and participation. By enabling users to stake assets and earn returns as part of the “House”, UniHouse taps into a new, exciting way for stakers to join an arm of investing that was previously unavailable to the average person.

Key Participants

• Stakers: Investors who deposit their money (collateral) to earn profits based on the house's performance.

• Developers: Game creators who want to list their games in the house.

• Players: Gamblers who want to play against the house for fun, excitement, and the chance to win big.

Democratization of Gambling

UniHouse enables the democratization of gambling by allowing anyone to participate in and benefit from the casino's success and house edge, not just traditional casino operators. Through its staking system, UniHouse empowers individual investors—regardless of their financial background—to become stakeholders in the "house" and share in its profits. This shifts the power dynamics of the gambling industry from a few centralized entities to a decentralized network of participants. By enabling developers to list their games and players to engage directly with the house, Unihouse fosters a more inclusive and transparent gaming environment. This approach breaks down barriers to entry and ensures that the benefits of the gambling industry are distributed more equitably among all participants, rather than being concentrated in the hands of a few.

Technical Architecture

Staking Mechanics

• Staking Process: Users deposit their assets into a house and receive gTokens, which reflect their share of ownership. The value of gTokens fluctuates based on the house's profits and losses.

• Security Measures: No assets can be withdrawn from the system without the corresponding gTokens, safeguarding against unauthorized withdrawals and potential fraud.

• Dynamic Object Field: The UniHouse object dynamically manages all houses, ensuring that each house operates within the prescribed rules and guidelines.

Withdrawals

• Withdrawal Process: To withdraw assets, users must queue their request through the UniHouse, ensuring that withdrawals cannot be front-run. Typically, withdrawals are processed within 5 minutes, with a maximum wait time of 24 hours. This queue time prevents potential rugging.

• gToken Valuation: The value of gTokens is determined by the ratio of total assets in the house to the total supply of gTokens minted to a staker, providing a transparent and fair valuation method.

Protection and Insurance Mechanisms for UniHouse Pools

Pools are insured and backed with $300k to safeguard against potential exploits that could lead to significant or rapid draining of the pool’s funds. This insurance mechanism is specifically designed to provide a safety net, ensuring users’ assets are protected and the integrity of the pool remains intact.

Security Measures and Response Protocols

In addition to insurance coverage, Pools employ various security measures to monitor and respond promptly to suspicious activity or changes. Automated protocols are in place to detect abnormal patterns and initiate protective actions when necessary. This multi-layered approach helps minimize risks and prevents extensive loss due to potential vulnerabilities in any game, including those that may be released in the future.

These combined measures reflect our commitment to maintaining a secure and resilient platform for all users. For further details on our insurance and security mechanisms, please refer to the relevant sections or reach out to our support team.

Tokenomics

The UniHouse ecosystem is underpinned by gTokens, tokens that represent the staker's share in the house. The value of gTokens is tied directly to the house's financial performance. As the house generates profits, the value of gTokens increases, providing a clear and direct path to return on investment for stakers.

Conclusion

UniHouse represents a paradigm shift in the decentralized gaming and finance landscape. By addressing the longstanding issues of centralized control, liquidity constraints, and limited investment opportunities, UniHouse paves the way for a more inclusive and efficient online gambling ecosystem.

The innovative system allows for democratized casino investment, providing a unique opportunity for everyday investors to benefit from the house edge.

As the DeFi and online gambling sectors continue to evolve, UniHouse is positioned to play a pivotal role in their convergence. By revolutionizing the structure of online gambling, UniHouse not only addresses current market inefficiencies but also opens up new possibilities for innovation and growth in the industry.

The potential impact of UniHouse extends beyond mere profit generation. By breaking down barriers to entry and redistributing the benefits of the gambling industry, it contributes to a broader democratization of finance and gaming. As we look to the future, UniHouse stands as a testament to the transformative power of decentralized technologies when applied thoughtfully to long-standing industry challenges.

UniHouse offers a promising solution to the intricate problems at the intersection of DeFi and online gaming, setting the stage for a more inclusive, transparent, and dynamic future in digital gambling and investment.