Deepr Finance Tokenomics

Today we’re happy to announce Deepr Finance’s tokenomics and our vision to create long term value for all stakeholders, which includes liquidity providers, investors, users, partners and our amazing team.

We’ve made it really simple for you to earn $Deepr:

• Liquidity Mining: Earn $DEEPR rewards by simply supplying collateral and borrowing from the protocol (for example, imagine if you received shares in a bank for depositing funds and borrowing).
• Airdrop: Through an airdrop to the community for participating in the soon to be launched Shimmer EVM Beta and via our partners (yet to be announced).
• DEX Initial Liquidity Offer: Prior to launch we will announce an opportunity to provide initial liquidity for our token via our ShimmerSea partner.

We have decided to focus on launching via a fair launch model which has been a successful model for lending platforms. The model of fair launch means that no VCs or early stage investors gained any advantage through any presales.

We’ve allocated a huge percentage of the $DEEPR tokens to the community, because we want to ensure that as many of our tokens as possible are in the hands of our users. This strategy ultimately creates long term success and value creation for all stakeholders.

We believe it is important that our users have various options to obtain our token in a fair and safe manner and to do so only after having had the opportunity to test the protocol on ShimmerEVM Beta and after publishing an audit report.

$DEEPR Token Value & Utility

Governance

Deepr protocol’s governance will initially lie in the hands of the Deepr team. Strategic decisions such as collateralization ratio, interest rates, emission rates etc. will only be made after consulting with advisors and our community. But as we believe in decentralized decision making, that involves all stakeholders we intend to gradually pass on full governance to the community and stakeholders. For this governance process, the DEEPR token plays an essential role as an utility token with voting functionality. According to the governance rules, token holders will be able to submit ideas, vote on them, and delegate votes for proposals in a decentralized manner.

Passive Income

In the future users will be able stake their $DEEPR tokens to receive a portion of the fees generated by the protocol. Therefore $DEEPR token holders will have the ability to earn passive income from the lending markets with the intention of locking large percentages of the token during this process.

As we add more features to the Deepr platform, the$DEEPR token will see an increase in utility and value accrual.

Token Allocation

$DEEPR Allocation and Emission Charts

Please note, although the Partnership and Treasury allocations show as released on day 0, the team will lock these funds under multisig with timelock until required for the project. Therefore the initial circulating supply will be much lower.

About Deepr

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.

visit our website at https://www.deepr.finance/.