Bandits.Fun | Notion

Stake USDT to buy $GOLD. You must keep USDT collateral margin equal (or more, as a buffer) to 10% of your $GOLD’s USD value, like a lending-market collateral ratio.
Every 6 hours, a raid skims up to 10% of USDT collateral margin and buy backs $GOLD. (The raid takes 10% of the USDT collateral margin globally (excluding buffers), not 10% per wallet. It does this by randomly selecting individual USDT collateral margin units until it reaches the 10% total collateral margin, so you get skimmed up to 100% of margin, but never more) On average, a user would be skimmed 1% of the gold dollar value in USDT collateral. Example.
The bought $GOLD is redistributed proportionally to existing $GOLD holders.
Holders’ $GOLD balances rise, so their USD value rises, which increases the USDT they must keep staked.
If you can’t meet the 10% collateral, you’re fully liquidated. Seized USDT and $GOLD are routed mainly to protocol-owned liquidity, burns, treasury, and redistribution.
Exits run through a queue and TWAP for orderly selling. Faster exits cost more, and you must stay collateralised while waiting.

Lending market + coin + perpetual buying machine.