YEET

YEET, or YEET IT is a Berachain prizepool/gambling game where players yeet $BERA into a pool. The last player to make a yeet, wins the whole pool. You can yeet as much as you want as long as it is equal to or greater than 1% of the current pool value (this ensures that the game eventually ends, and that there is a winner)

Players earn $YEET tokens by making yeets.

About YEET

A simple game where the last player to yeet (deposit) $BERA into the prize pool, wins the whole prize pool.

Revenue

10% of every yeet is taxed
7% of this is given to $YEET stakers (real yield)
2% given to BERA8, to be used for retroactive ecosystem and public goods funding
1% is used to increase liquidity of $YEET/$BERA pool (bribes or POL)

Yeeting Rewards

Players still have an incentive to yeet and play the game even if they do not aim to be the winner of the game. This is because all players receive $YEET tokens just for playing.

There is a predetermined amount of $YEET tokens to be emitted each day, and each player is eligible to claim a pro-rata share of these emissions according to how much $BERA they yeeted in the past day relative to the total amount of $BERA yeeted during that period

Architecture Diagram

Legend

Shape colors

Grey shape: users, stakers, and LPs
Yellow shape: contract deployed by Yeet It
Other colors: contract deployed by an external protocol

Line colors

Yellow line: $YEET flows
Brown line: $BERA flows
Purple line: Partner protocol tokens

Shape types

Diamond: smart contract
Rounded square: contract that holds a pool of value
Square: external user/stakeholder

Flywheel

Flywheel go brrrrrr
Liquidity will be incentivized for $YEET after conducting an IDO. This will ensure a fair market-discovered price is attained, and that swaps can be made with minimal slippage. Rewards for yeeting and liquidity provision – paid in $YEET – will be highest right after launch, rewarding early users. Users may wish to yeet just to farm $YEET as it is liquid. Other participants may wish to LP and farm $YEET instead, which requires them to buy $YEET, if the latter occurs first, then the former will follow as the yeeting rewards are liquid and can be farmed and dumped.
Both scenarios lead to $BERA being yeeted into the prize pool, this leads to higher revenue for $YEET stakers, and incentivizes natural demand to play and win the game as the prize pool becomes significant enough to draw attention.
Once done, anyone can call a function to start a new game.