How the bank works
Put your $TELLER in the bank. Stay to the end and get your full deposit back plus a share of what leavers left behind and the JPM vault. Leave early and get 60 to 100% back, with no JPM.
- 1
The doors open
For 8 hours anyone can put $TELLER in the bank. That is your stake for the season.
- 2
The vault locks
The season runs 24 hours in 6 shifts of 4 hours. In shift 0 nobody can leave.
- 3
Seal your exit
From shift 1 to 5, you get 3 hours to seal a secret withdrawal. Everyone can see who sealed an exit. Nobody can see how much until it is revealed.
- 4
Reveal it
In the last hour of the shift, open your envelope to walk out. Forget, and you lose 5% of your stake.
- 5
Walk out early
Leavers get 60% of what they take out in shift 1, rising to 100% in shift 5, and give up their share of the vault.
- 6
Stayers take the vault
Everyone still inside at the end splits the coins left behind plus the season's JPM vault. Then a new season opens.
The payout ladder
What a leaver gets back of the amount they take out, by shift.
Questions
When can I leave?
From shift 1 to shift 5. Seal your exit in the first 3 hours of a shift, then reveal it in the last hour. Shift 0 is locked for everyone. You can take out all of your stake or only part of it.
What if I forget to reveal?
You stay in the bank, but 5% of your stake goes into the pot of coins left behind. You can seal again in a later shift.
Can I seal and then stay?
Yes. Reveal an amount of 0 and you stay in with no penalty. Nobody can tell a bluff from a real exit until the reveal.
What do stayers get?
Everyone with a stake left at the end gets it back plus a share of every coin left behind. Those who never walked out also split the season's JPM vault. Shares follow how much you have in.
Where does the JPM come from?
The team sends 1% of $TELLER trading fees into the vault as tokenized JPM stock. The vault for a season is fixed when the season opens.
What if nobody stays?
Coins left behind roll into the next season that has stayers. If nobody stayed in without exiting, the JPM vault rolls into the next season.
Who runs the seasons?
Anyone can open, close and settle a season. Our keeper wallet does it on schedule so nobody has to wait.
How do I collect?
After the season ends, press claim. Each wallet claims once per season and the payout goes straight to it.