The idea we build on
Papertrade’s important insight is that realized trader losses can seed liquidity while an ordered queue handles winning obligations. SDICE Perps adapts that approach to volatile token collateral and Solana settlement.
Inventory, claims and ownership
The pool holds $SDICE inventory to help fund claims. FIFO records who is waiting for USDC. $pSDICE records a trader’s ownership allocation from eligible losses. Staker revenue is accounted for separately from payout inventory.
- Loss contribution
- Payout inventory
- Oldest winner
Read the metrics together
Pool value, bet volume, leveraged volume, rewards, burns and unpaid FIFO claims describe different parts of the system. An increase in token count is not necessarily an increase in USD value.
By the SoltoshiDICE project · Reviewed October 18, 2026 · Original FIFO design: Papertrade