Degenerus
DEGENERUS PROTOCOL
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The Salvage Swap

A ticket purchase is not refundable from its original pools. The salvage swap instead lets you sell eligible far-future entries to a contract-selected buyer. The quote is deliberately punitive: this is an emergency exit, not a promise to recover what you spent.

What you can sell

Eligible Entries 6 to 100 levels beyond the level a ticket would buy into today
Granularity Single entries, not whole tickets. Four entries make a ticket
Not eligible Anything within 5 levels, and everything once the game is over or the death clock has fired

Near-term entries stay put. Eligible entries must be 6–100 levels beyond the level a new ticket would currently enter.

The price is the point

Distance out You get
6 levels 15% of face
20 levels 10% of face
100 levels 5% of face

The curve slides between those points, and a daily per-player jitter scales the offer between 70% and 110%. A quote therefore lands between 3.5% and 16.5% of the entries' face value at their target levels, not necessarily the amount originally paid. The day's jitter is fixed for that player.

Nothing here is a refund. You are selling an asset to a buyer at a price you should hate, and the discount is what makes anyone willing to take the other side.

What you get paid in

40–80% Tickets at the current level, bought for you on the spot
The rest Split between withdrawable ETH and a FLIP credit

The split is rolled, not chosen. The ticket leg executes as a normal recycled purchase at the active ticket level, including its usual pool routing and purchase effects. The FLIP leg is credited into the next daily coinflip; it is not immediately withdrawable.

Who buys them

Your entries are not destroyed. They transfer intact to a buyer, who now holds that far-future exposure and will receive its jackpot eligibility when the target level arrives.

First in line sDGNRS, using its own claimable balance while keeping at least 1 ETH above the quote
Backstop The vault, if the vault owner has opted in and can cover it above its reserve floor
If neither can pay The swap reverts. There is no other buyer

The buyer receives the entries intact and takes their delay and outcome risk. If neither buyer can meet its funding floor, the swap reverts.

The exit is bad. The position is the point.

Far-future entries are cheap because they are patient. See what they are waiting for.

Tickets The Jackpots