Suigar
Summary
Ketju does not approve Suigar under its class rule for protocols on unapproved chains: it settles only on Sui, which Ketju does not approve. Suigar is an on-chain casino whose SweetHouse bankroll pays depositors the house edge. The underlying claim would not pass a review either, because a gambling bankroll is not a yield investment for clients.
- Ketju changes its verdict on Sui, at which point the bankroll claim itself still requires review as gambling revenue exposure and not as a lending or staking return
- Suigar launches a material venue on an approved chain
Ketju checks this memo every night and opens a review if its venues or files show a warning or a cited document changes. The first confirmation is due 2026-12-15.
Research
How it works
The depositor funds a casino bankroll and is paid from the house margin on wagers. The return is gambling revenue net of player wins, so principal moves with wager volume and variance; no borrowers, validators or issuer pay it. Deposits, wagers, settlement and withdrawals all execute on Sui.
Size and holdings
The DefiLlama protocol API, read on 2026-09-15, classed Suigar under Luck Games and reported about $117k, all on Sui. DefiLlama listed it on 2026-06-26 with two recorded audits. The yield survey the same day placed it under the class rule for protocols on unapproved chains.
Who controls it
Sui’s controls sit under every bankroll transaction. Beyond the chain, a bankroll depositor is exposed to a run of unusual player wins that would reduce principal, and to whoever sets the game parameters and house edge. The chain rule decides this memo, but readers should not take that to mean the claim would otherwise be suitable.
Withdrawals
A SweetHouse depositor withdraws by redeeming hTokens in the SweetHouse app, and withdrawals are usually prompt. Suigar’s documentation says protocol safeguards can delay a withdrawal for up to 24 hours in unusual security conditions. The documentation states no withdrawal limit and no fee amount, does not say who can pause withdrawals, and says hTokens carry no principal protection.
Class rule
Ketju does not approve any protocol under the class rule for protocols on unapproved chains while the rule stands. The rule covers the structure and makes no finding about this protocol’s quality. It does not tell an advisor what a client should hold. The review triggers list the events that would lead Ketju to review the rule or this protocol again.
Sources
Each claim above comes from one of these sources. Where Ketju could not verify a number, the memo states that.
- Suigar · primary · accessed 2026-09-15
Supports: protocol identity, on-chain casino, SweetHouse bankroll - DefiLlama: Suigar record · secondary · accessed 2026-09-15
Supports: current TVL, Sui perimeter, Luck Games category, listing date, audit count - Suigar Docs: SweetHouse and staking · primary · accessed 2026-10-18
Supports: hToken redemption, 24 hour delay
The asset and the chain
This memo covers the protocol. A position also holds an asset and settles on a chain. Whichever of the three holds the most power over the position decides who can freeze it. These tables describe control and do not judge quality.
| Chain | Verdict | Freeze | What it can do |
|---|---|---|---|
| Sui | Not approved | Issuer can freeze | validators have frozen and moved funds: their standing deny lists began freezing the Cetus exploiter’s ~$162M within about 80 minutes, and a Foundation-organized vote later moved the frozen funds without the owner’s keys. |