Why Hedge

Robinhood has a dollar onchain. Prediction markets already have the books. Hedge sits in between: Yes/No in USDG, and 2x or 3x against a vault on listed markets.

#The vision

Event tickets were stuck at 1x. Getting to a prediction book from Robinhood meant leaving USDG. Hedge is the leverage layer, not a new thin venue.

The layer

Venue book

1x Yes / No shares

Hedge

2x to 10x vs the vault

USDG

one cash balance

Hedge does not bootstrap a new book. It sizes event tickets in USDG on top of prices that already trade.

Traders keep one cash balance. 1x is real shares. 2x/3x is margin vs the vault.
LPs deposit on Earn and underwrite that size. More TVL unlocks the next multiple.
Makers are the next step: quote between venue 1x and the Hedge synthetic. Not built yet.

Target is 10x on major events, still in USDG. How a ticket pays: Leverage markets.

#Why the pool has to grow

The vault is the only fill for 2x and 3x. A small pool can only back a few tickets, and only at 2x. Deposits raise both the multiple and how many tickets fit under the 30% lock.

More pool, more leverage

$1,000

$5,000

$20,000

10x

target

A deposit that crosses a rung raises the cap on the next open. A withdrawal that drops below it lowers the cap. 10x is the target. UI today stops at 3x.

Why the vault needs deposits

Small pool

Few tickets. Next multiple locked. A winner can use a large share of what is there.

Deeper pool

3x, then 4x, 5x

More concurrent size. Higher multiple. Same 30% cap, more dollars behind it.

Only 30% of TVL can back tickets at once. Each open locks the worst-case payout, not just the borrowed slice.

Deposit from Earn. Do not send USDG to the vault address. Earning as an LP.

#What is live

	Status
Spot in USDG	Live
2x / 3x on listed markets	Live. Vault is the only counterparty.
LP vault (Earn)	Live. Deposit on Earn only.
Maker programme	Not started