Wagers

The Wager Module is a specific implementation of a competition module within the Arena ecosystem. It enables users to create and manage decentralized wagers in a transparent, fair, and engaging manner.

Key Components

1. Wager Management

a. Host

• Options:

  • Assign a specific referee (individual account).

  • Designate a pre-created DAO (e.g., a referee DAO).

• Role: Processes and finalizes the results of the wager.

b. Configuration

• Name: Unique identifier for the wager.

• Description: Comprehensive overview of the wager.

• Banner: Optional image representation.

• Expiration: Defines the end point (time, block height, or never).

  • Note: If not processed by expiration, the wager can be "jailed" and resolved only by the Arena DAO.

• Rules: Guidelines governing the wager.

• Rulesets: Pre-defined sets of rules that can be applied if available for the wager's category.

2. Financial Management

Dues

• Define stakes for the wager.

• Specify funding sources and amounts.

• For detailed information about dues handling, refer to the Escrow page.

3. Stat Tracking

• Performance Metrics: Track key indicators for participants (e.g., win/loss ratio, total wagers won).

• Achievements: Award recognitions for outstanding performances or milestones.

• Data Visualization: Present stats in easily digestible formats (graphs, charts).