02 / The house
The LP started at zero. Every dollar in it was lost by a trader.
Nobody can deposit into the LP. It fills only from losses and pays winners out. When it cannot cover a win, the profit joins this queue, first in first out, and future losses pay it down. Net equity can go negative while winners wait. That is the design, and it is shown here as it is.
Treasury
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Parked for the queue
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Owed to the queue
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Net equity
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LP cap (overflow to team)
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Team fees (2% of losses)
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Open positions
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Largest position
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The queue
Nobody is waiting. Every win so far has been paid at close.