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.