What are player shares?
A player share is tokenised exposure to an individual athlete's on-pitch performance. Hold shares during an active gameweek and you earn a slice of that player's Performance Dividend.
How the price moves
Player shares trade on a bonded curve (a Bancor-style constant product). Buying mints new shares and pushes the price up; selling burns shares and pushes it down. There is no order book and no matching — you always trade against the curve, so liquidity is permanent.
Backing and selling
Open the Player Market, pick a player, and use Back to buy or Sell to exit. The trade ticket shows:
- Current share price
- Number of shares you'll receive (or USDC you'll receive on a sell)
- Average fill price across the curve
- Your projected dividend share if you hold to the next payout
Holding-time tiers
How long you've held determines your dividend multiplier. There are three duration tiers:
- Under 30 days — base rate (1.0×)
- 30 to 89 days — 1.1× multiplier
- 90+ days — 1.2× multiplier (the top tier)
Tier upgrades happen automatically based on your wallet's holding history. Selling resets the clock.
Fees
Player shares are 1% on buys and 2% on sells. Fees feed back into the dividend pool — so active traders subsidise long-term holders. See Fees for the full schedule.