WINR is my 2nd biggest holding in my GambleFi Portfolio after SBET that I have been cost-averaging on the way down. After an initial hype overvaluation period with regular technical problems during the development, it now is starting to have better Dividends for Staking. This is a complete Guide on WINR
IMPORTANT: This is only a guide on how to easily get involved and not financial advice, there is always risk involved and you need to be willing to take it at your own behalf. I have most of my bag filled whil I still continue to possibly accumulate more on dips!
What is WINR Protocol (WINR) ?
WINR Protocol is a chain built on an Arbitrum Rollup Stack that aims to become the layer where decentralized casinos are build on. Right now, all online casinos use the same services that provide their games and the liquidity like Evolution Gaming, Pragmatic Play, Playtech,.... Just as a reference, Evolution gaming made over 1 Billion Dollar Net Profit in 2024!
WINR Protocol wants to be the decentralized version of this so users can gamble with their crypto assets in a way where they keep ownership of their funds and without any KYC or other restrictions.
The way they do this, is by by having liquidity pools who guarantee that there are funds to pay out winners. These liquidity Pools are expected to grow since there is a house edge. Part of the profit is paid out to those who provide liquidity, and also a part of the profit is paid to those who stake WINR.
Right now, there is 1 main casino that is running on the WINR Chain which is just.bet which apparently has a seperate team from WINR.
WINR Numbers, What To Expect?
I've been following WINR Protocol now to test it out and track the numbers, making an initial small 10k WINR buy back in February 2024, which I paid 770$ for. I would say at that time it was just highly overvalued based on big expectations for the future and the fact that I believe there was an Arbitrum grant which pumped the volume.
Ever since, there has been a lot of development and they moved to their own WINR Chain. There have been technical problems, delays, Exploits, DDoS attacks, downtime, and other setbacks which has now put the valuation at a more realistic level more in line with the actual volumes instead of expectations and hype.
During all this time the team just kept developing and improving things to a point now where everything is a lot more battle-tested and ready. So they survived the hard times and are now I would argue facing the most difficult task of actually getting more users and adoption.
30-Week Chart WINR Price vs Expected Year Returns I'm ignoring some of the previous prices and returns looking purely at the last 30 weeks which shows an average price of 80$ and an average expected yearly returns of 12$ which equals 15% APY. This is with 180-day stakes which need to be renewed if you want to keep getting dividends. The system is set up that low-timeframe stakers get almost nothing. 7 Days is the minimum staking period, but someone stakig 70 days gets 10x more and someone staking 180 days gets 25x more. So a 180-day stake is pretty much the norm and it can be done in different batches so stakes get released regularly which allows you to take profit in case there would be a big price pump.
Full WINR Chain Price vs Expected Year Returns History From what I understand, at the start the 'fees' were turned off as a promotion and to battle test the chain, which gave very high volumes. I'm not sure how they did think they could both pay dividends and also give back the fees based on volume by players. I can confirm that the dividends were high at that time as I received them, I also wasn't really aware of the 100% fees cashback at that time.
Pre WINR Chain Price vs Expected Year Returns History
Before they introduced the WINR Chain, everything ran on Arbitrum which wasn't convenient at all given the transaction fees. The price at that period also fully feeded on hopium and hype along with the Arbitrum Grant classic crypto-market style.
WINR Price Chart
The initial Hype got the price of WINR as high as 0.1365$ while right now it's at 0.00745$, which equals a 95% Collapse. However, the product is working better than ever while the team continued building making things stronger after multiple setbacks. The price right now also much more trades based on the actual revenue that stakers are making.
My average buy price is 0.0113$ as I continued to cost-average despite my initial buy being at 0.077$. My aim is mainly to get dividends hoping the platform survives and potentially picks up more users along the way.
| Fully Diluted Supply | 908 Million WINR |
|---|---|
| Fully Diluted Market Cap | 6.8 Million Dollars |
| Staked Supply | 182 Million WINR (20%) |
| Staked Market Cap | 1.37 Million WINR |
| Expected Year Stake Revenue Share | 250k Dollars |
| Expected Total Revenue | 1.34 Million Dollars |
Each Wednesday, somewhere after Midnight, the Dividends are released. Above you can see the expected profit so far on Tueday. 20% of that is actually going to WINR Stakers.
Just.Bet Weekly Volume (Last 30 Weeks) Currently, 1 Million WINR is being given away as a weekly volume race which I would argue is one of the main drivers for people to gamble on the platform. At the same time it's a double edged sword as more volume increases the dividends but at the same time more inflation is pushing the price of the token down. You can see in the chart when the races were introduced.
Weekly Volume race: From what I understand, this is a still a test to ramp things up eventually to higher prizes.
From what I understand, this is a still a test to ramp things up eventually to higher prizes.
Total Value Locked in Liquidity Pools last 30 days (TVL)
There are 6 different liquidity pools on WINR Protocol based on the currencies you can bet with. These vary based on how much liquidity providers stake or unstake and on how much is added from the profit that the casino makes.
Weekly 200k WINR 180-Day Payout... Right now ther are 6 different liquidity pools and currencies to bet with on Winr. This is what they paid over the course of a week for staking 200k WINR for 180 Days...
| 2025 Week 38 Payout (200k WINR) | 2025 Week 39 Payout (200k WINR) |
|---|---|
|  |
Easy Step-by-Step Guide Buy-Stake-Earn !!!
To Anyone who has been using crypto for a while, Buying, Staking, & Earnings is fairly straightforward.
STEP 1: BUY WINR
WINR to buy or sell is running on Arbitrum and is also trading on the MEXC centralized exchange. The main liquidity pool is using the Camelot Dex (Link) against USDC
To buy WINR either do it on MEXC, or buy USDC on Binance, Coinbase and withdraw that to your Metamask to Arbitrum One. Once it is on there, you can go to https://app.camelot.exchange/, connect your wallet and trade the USDC for WINR. The WINR token address is 0xD77B108d4f6cefaa0Cae9506A934e825BEccA46E
STEP 2: MAKE Just.Bet ACCOUNT
Just go to Just.bet and log in with your metamask, or with a social media account, or making an account using your email.
STEP 3: Bridge WINR From Abitrum to WINR Chain
In order to stake WINR and earn, you will need to brige your WINR over to the WINR chain which is done by depositing WINR on just.bet. Note that you do not give away the ownership of your coins this way as it is all build on smart contracts.
Once you click Deposit and sign the message, you will see a popup windown with the progression of the bridging. It can easily take 15+ minutes before the funds are actually in your account. It will feel like it is stuck but they aren't. I would say if they aren't there yet a day later, contact the team to have it fixed. Otherwise you need to be a bit patient.
STEP 4: STAKE WINR
Once you received your WINR Funds, it's as easy as going to the Stake Page, choose how much you want to stake, put the slider all the way to 180 days, and click the stake button!
I would say that the best thing to have different stakes all of 180 days that each have a month or so inbetween ending. That way you don't give away your edge while you are always close to having a stake released to potentially take profit in case the bull market is about to end.
STEP 5: CLAIM DIVIDENDS
Each Thursday, it will be possible to claim your earnings. These can never be negative so if there is a loss in the pool the earnings will be zero and the loss will be locked in at the behalf of the Liquidity providers. You will be paid out in liquidity pool shares.
STEP 6: CASH OUT EARNINGS
In order to actually cash out your earnings, you will first have to sell your liquidity position which easily can be done on the earn page. The funds should be in your account instantly.
You can now withdraw them to Arbitrim or another chain by pressing your wallet and the withdrawal button. Similar to deposits, it can take 15+ minutes before it actually is in your wallet. Just be a bit patient before it arrives.
Conclusion
WINR Protocol started out with a lot of hype and highly overvalued. By now though, things have been improved and battle-tested with the most difficult task still ahead of getting more users. If they succeed, the volumes and dividends should continue to go up along with potentially the price of WINR. So potentially it's possible now to buy 'cheap', stake your coins and earn dividends all with upside potential. Nothing is guaranteed though, and things might never take off. However, I do like the product they have built and iIm willing to take some risk on this one myself.
Also, Check my Review & Buy-Stake-Earn Guide on SBET...
Crypto & Blockchain-Based Bookies and Exchanges that I'm personally using with some allowing anonymous betting with no KYC or personal restrictions...
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