Hello world! Today, we proudly bring to you from the depths of the DeFi ocean Deepr Finance, a highly secure and efficient lending protocol, which will be released on the Shimmer network.
Deepr Finance is a secure decentralized lending platform, providing equal and unhindered financial access to lending and borrowing of crypto assets on the Shimmer network. The platform will support earning of interest on inactive crypto assets, whilst providing access to loans against collateral held on the platform.
With a strong mission to empower communities and to enhance the Shimmer ecosystem, Deepr Finance aims to provide long term value to all stakeholders — users, investors, the team and liquidity providers.
The Deepr platform comes with its native utility token $DEEPR and a tokenomics model which will reflect its core values such as transparency, fairness and equality. Holders of the $DEEPR tokens can benefit from passive income opportunities through a platform fee revenue share model, and in the future can actively participate in shaping the future of the protocol through governance votes.
Deepr Finance is a product developed by Nakama Labs and the team behind it is made up of over 12 veteran developers of the IOTA ecosystem with a serious passion for building the Defi future. Coming from one of the most close knit communities within the entire crypto space, Deepr Finance strives to form long lasting and tight partnerships with builders in the Shimmer ecosystem — because together we are stronger!
Security and trust is key to Deepr’s success and every measure will be taken to ensure a safe user experience. Deepr Finance’s core protocol is a fork of the vastly battle-tested and several times audited Compound V2 protocol, one of the longest and most successful running lending platforms in the DeFi market. But for Deepr the best is not good enough, therefore we’re going the extra mile as we will have the protocol audited by a leading security audit firm within the crypto industry. In addition, we have dedicated security developers on our team and are entering into a partnership with a security focused firm. Details about the partnership and the audit, including the full audit report, will be shared prior to launch.
We’re excited to grow Deepr Finance with our community. Please participate and join us on this adventure to explore the depths of Deepr Finance and the DeFi opportunities that await by following us here, on Twitter and to bookmark our website!