What is DP?
Executive Summary
DP Developers is the world's best leveraged cryptocurrency trading platform, while DP is the first platform to combine Lend and PCV to provide a flexible, customizable solution for the next generation of Defi developers and users.
DP allows users to create and manage PCV just like any traditional banking institution. Additionally, the DP platform reserves the right to liquidate the PCV. DP platform currently supports four whitelist protocols. These protocols include Aave, QuickSwap, DP-Lend, and Dp-Swap. The project plans to whitelist about 20 pledges.
DP- PCV
DP provide users ability to create and manage PCV on as traditional institution would do
PCV only have the right to use the asset, DP platform reserves the right to liquidate the PCV
DAO.PCV
With target lending feature - with lending target determined by pledged asset
Assign pledge rate to pledges that currently lack liquidity without increasing systematic risk
Business pain points solved by DP：
Openness & Popularization
DP gives users more investment opportunities in the Defi space with easier operation. The best PCV strategies will appear in the ranking, copied with one click and flexibly combined. Users and other project parties can research, compare, subscribe and profit from Defi strategies on the DP platform.
Efficient capital utilization
As a DeFi protocol, DP is the first to combine Lend with PCV multi-line. PCV naturally makes a perfect split between asset ownership and usage, PCV only owns the usage of the asset and DP-lend owns the liquidation of PCV. In DP, users' liquidity credentials in Swap, pledged credentials in Box, and deposit credentials in lend can be used again as collateral to borrow from DP-lend while receiving corresponding returns. Based on this mechanism, Developer's funds will be utilized at least three times more efficiently than under the traditional model.
When the asset interacts with our DP-lend protocol, it can greatly improve the asset utilization.
Take the crypto asset USDT for example, PCV will deposit 100USDC into DP-lend and get 100USDC deposit certificate and lend 300USDT at the same time, PCV only has the right to use USDT, DP-lend has the right to liquidate PCV, in the PCV contract USDT will become the pledge of DP-lend directly, assuming the pledge rate of both USDT and USDC is 0.9. USDT pledge rate is 0.9, then the current capital utilization rate is 300USDT/(100aUSDC0.9+300USDT0.9)=0.83, which is a relatively safe value (liquidation will be triggered when the capital utilization rate=1), at this time the leverage is 3 times leverage, which greatly improves the capital utilization rate.
Be the market maker for other project
Access to long-term stable liquidity for projects is critical to their long-term development, and the DP platform can provide projects with decentralized market-making tools and neutral market-making strategies.
Projects goes live with DP-Lend with deposits, creating a hedging enviroment for PCV.
PCV attracts low-risk capital to provide deep liquidity to projects by building fully automated hedging strategies. e.g. While users are at risk of very large and unpredictable losses when engaging in direct liquidity mining, hedged liquidity strategies offer users a low-risk way to mine.
Openness of the lending agreement
DAO.PCV's targeted lending feature can greatly improve the pledge rate for pledged items in specific circumstances.Take a new project governance token Token A for example, Token A goes live on DPlend, the project owner creates a DAO.PCV.Token A contract, the initial default Token A credit is 0, DPlend_Token A pledge rate is 0, DAO.PCV.Token A pledge rate is 0.75(under the PCV pledged can only lend Token A).
Scenario 1, depositing DPlend 1,000,000 pieces as a member of the general public, with a borrowable amount of 0.
Scenario 2, directly holding 1,000,000 pieces as DAO.PCV, directly borrowing 3,000,000 Token A, thus regulating the deposit and borrowing rate of Token A and realizing the regulation of Token A market circulation.
Improve asset circulation
Provide a platform for new premium protocols: When a new protocol enters our DP-PCV whitelist, it is equivalent to getting the opportunity to interact with global premium protocols, adding a large number of premium potential users and market funds to them.
Taking cryptographic asset USDC as an example, for the obvious gap between protocol A and protocol B in APY, when both protocols are whitelisted to DP-PCV, it is possible to quickly realize protocol interoperability through PCV and improve the circulation rate of USDC between the two protocols, so as to achieve market equilibrium.
Financial NFT
Introduction of Financial NFT
Currently, most of the industry's impression of NFT stays in the gaming assets, artwork, collectibles and other segments, while DP builds Financial NFT is expected to further NFT used in the financial sector. The initial attempt is that each exchange order in Box's will cast the corresponding Financial NFT as DP's asset.
Functions of Financial NFT
Financing Function：Users holding Financial NFT can choose to use the NFT they hold as a voucher to borrow funds in Lend when they need to raise funds.
Flow-Oriented Function：A key influencing factor in the valuation model after the issuance of Financial NFT lies in the minting coefficient, and different minting coefficients have a very large impact on the interest rate of NFT. When the market is in a downturn, funds will flow to high yield long-cycle NFT, and when it is high back to short-cycle low yield NFT, through this guidance can make the way and proportion of capital inflows more healthy and stable.
Flow-Oriented Function：A key influencing factor in the valuation model after the issuance of Financial NFT lies in the minting coefficient, and different minting coefficients have a very large impact on the interest rate of NFT. When the market is in a downturn, funds will flow to high yield long-cycle NFT, and when it is high back to short-cycle low yield NFT, through this guidance can make the way and proportion of capital inflows more healthy and stable.
Investment Function：Because of the decay model of minting coefficient, the high minting coefficient and high yield NFT issued in the early stage will get higher and higher valuation as the market develops, which has a very positive driving force and attraction to early investors and community joiners, while more early-start long-period NFT minting will make the whole market's capital deposit stronger and can drive more different creators to join, while The addition of high premiums for collectibles makes financial valuations on top of higher valuations, and overall, both as financial and as collectibles give investors more confidence to invest in NFT, and the combination of the two will allow the two investment purposes to intermingle, thus creating more investment value.
User Profiling for DP Protocol
For LP (Liquidity Provider), If you want to get high returns from digital finance,but do not want to spend too much time and energy, Developer can help you:
Subscribe and redeem digital funds through PVC contracts;
Obtain high returns based on the security of funds;
Participate in PCV governance of specific projects and receive dividends.
For LD (Liquidity Directors), If you're a digital finance geek or token project owner and DAO, Developer can help you:
Raise funds, manage them and earn management fees through PCV contracts;
Execute complex trading and financial strategies conveniently through building block strategy tools;
Use PCV to create deep liquidity opportunities for specific projects.
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