horse.fun Whitepaper
The complete technical specification, economic model, and mathematical proofs for the horse.fun protocol.Download Whitepaper PDF
Complete protocol specification (v1.0) — opens in a new tab
Topics Covered
- Protocol Architecture: Smart contract design and Solana integration
- Verifiable Randomness: Switchboard VRF implementation and security proofs
- Pari-Mutuel Mathematics: Complete payout formulas and distribution model
- Track Probability Distributions: Mathematical basis for the four track types
- Token Economics: HORSE token emission, burning, and utility model
- Jackpot System: Progressive accumulation and distribution mechanics
- Security Analysis: Threat model and mitigation strategies
- Economic Sustainability: Fee structure and long-term viability
Key Specifications
- Entry Phase: 120 seconds
- Race Phase: 30 seconds
- Races per Day: 576
- Prize Distribution: 60% (1st), 20% (2nd), 10% (3rd)
- Jackpot Allocation: 2% (Normal), 2% (Super), volume-gated triggers
- Jackpot Distribution: entry × (1 + λ·staked HORSE), staking snapshot at entry close
- Buyback: 1%, in three phases (seed → deepen → burn)
- Protocol Fee: 5%
- Token Emission: volume-linked,
E = min(c × volume, cap); c = 0.5 → 0.2 → 0.1 (caps 25/10/5) stepping down at 50k and 1M SOL cumulative volume
Version History
- v1.0 (Current): Initial protocol specification
The whitepaper is the authoritative source for all protocol specifications. Documentation on this site is derived from and must align with the whitepaper.