# Karma
### Why Karma? Saving is supposed to be boring. The interest barely moves. Money sits, you forget about it, and a year later you're up enough to buy lunch. The lottery is the opposite. It's exciting, and you almost always lose what you put in. Karma is what happens when you stop choosing between the two. You deposit USDC into a non-custodial vault that you control. Your deposit earns you entries into a recurring prize draw, with protocol-generated prizes funded in the background. Winners walk away with the rewards. Everyone else still has every cent of their savings untouched. This isn't a lottery dressed up as a savings account. It's a **Prize-linked Savings Account (PLSA)**: your savings stay safe, and the prize comes from the protocol. ### What You Unlock Saving with Karma puts you into a draw where the math is actually on your side. Here’s what you get the moment your first deposit. * **Entries:** every USDC you save earns Entries each day it stays in the pool, for up to 30 days per deposit. The more you save, the more entries you accumulate. After 30 days a deposit stops earning new Entries. You can always add more savings any time to keep earning. Entries are your tickets to the draw. * **Periodic Prize Draws:** Karma runs prize draws on a recurring schedule. Each round features a Grand Prize and Lucky Prizes. Exact prize structure follows the product page. * **Principal Preserved**: Win or not, your savings stay yours, sitting in a vault tied to your Karma account. And you can redeem any time.
### The Prizes Several prize tiers run side by side. * **Grand Prize: a big surprise every round** Cash rewards, a brand-new iPhone, a Maldives trip for two: the Grand Prize changes each round, so what's on the line is never the same twice. One entry-weighted winner: the more Entries you hold, the better your shot at whatever this round brings. * **Lucky Prize: winners share a lucky prize pool** Cash, vouchers, cashback … small wins, $5 to $20 each, picked by entries weighted from everyone in the draw. Even a $10 deposit gives you a real shot, which means a lot of you walk away with something. ### The Rules A few mechanics worth knowing before you save. **Deposits** * Min: $10 USDC per deposit * Max: $1,500 USDC total per wallet (across all active deposits) * Each deposit is locked for 30 days from the moment it confirms on-chain. **Redemption** * After the lockup ends, submit a redemption request and your USDC is back in your wallet in about 4 business days. * Need it sooner? You can redeem early with a 5% penalty on the still-locked portion. The penalty stays in the protocol and helps fund future prize pools. **The Draw** * Draw schedule follows what's shown on the[ karma.tbook.com](http://karma.tbook.com) page. * Each draw needs at least 200 unique wallets with active Entries in the pool. If fewer, the pool rolls over to the next round — your Entries roll over with it, so nothing is lost. * After 4 rollovers, the draw runs anyway. * On-chain prizes are sent to the winner's wallet. Off-chain prizes (physical items, travel, vouchers) are arranged after the winner submits the required claim info. Anti-Sybil Multiple wallets coordinated by the same person to inflate odds will be removed from the draw.
### What’s Next? The next draw runs as the Karma page shows.. To get in: 1. Open Karma at [https://karma.tbook.com](https://karma.tbook.com/) 2. Log in your Karma Account — for now any Sui wallet works 3. Save your first deposit — $10 minimum, $1,500 cap 4. You’re in. Your Entries are live in 24 hours, in time for the Prize draw. ***Welcome to Karma.*** ### Updates to Karma To keep improving the experience, we may update Karma's features and prize rules from time to time. We'll let you know through announcements or other means (collectively, "Notices"), and the updates take effect on the date specified in each Notice. If you don't agree with an update, you can stop using the affected service. The latest version of the Karma rules is always available on this page. ### Risks & disclosure Karma is a non-custodial software interface, not a bank or investment product. Prizes are probabilistic — you may go many weeks without winning, and that’s expected. Your USDC is subject to smart contract risk and stablecoin risk. Karma is not available in restricted jurisdictions (US, mainland China, Hong Kong, Singapore, and others). See the full disclaimer at karma.tbook.com/disclaimer before you save.
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