Creator Economy Protocol
Creator Economy Protocol is a multi-chain protocol designed specifically for the creator economy and enabling tokenization (as F-NFT), governance (via DAO), and liquidity (via DeFi instruments and derivatives) of various types of intangible assets.
Collective ownership of intangible assets (F-NFT)
Being a core asset of the DEIP network, intangible assets must be represented in such a way that protocol can work with them. Web3 introduces a relevant concept for this purpose: a non-fungible token or NFT. Since every intangible asset is unique, it perfectly fits the concept behind NFTs.
The Creator Economy Protocol further extends NFTs by fractionalizing them into fractionalized NFTs (F-NFTs). This makes it possible to collectively own and govern an asset.
Benefits
Price discovery
Every time a fraction of an NFT is sold, it effectively sets the actual price of the whole asset.
Liquidity
Asset owners achieve better exit liquidity through on-chain exchanges and liquidity protocols.
Governance
Distributing control over the NFT between a number of stakeholders enables various governance models.
DEIP protocol aims to tokenize and fractionalize ownership of every intangible asset and pool of such assets. By doing so, various decentralized finance and governance instruments of the DEIP protocol to boost the liquidity of intangible assets can be applied.
Decentralized bank for creators
To give creators access to funds without any middlemen, DEIP introduces a concept of a decentralized bank with various financial services specifically designed for the creator economy.
DEIP implements its Dynamic Liquidity Protocol as a continuous loan mechanism, which allows for the minting/loaning of dX stablecoins (e.g. dUSD, dEUR, etc.) in exchange for assets locked as collateral.
dX is a decentralized, multi-collateral backed stablecoin with F-NFTs as underlying assets and soft-pegged to a fiat currency. In the DEIP network, anyone can mint a dX stable token by collateralizing F-NFTs and locking them into a special smart contract. To withdraw the assets from a Vault, the issuer is obliged to pay the full amount of issued dX tokens plus an interest rate (stability fee). The stability fee is paid to the DEIP network and distributed 50/50 between yield farmers and the Ecosystem Fund (read more about the fund below).
Yield farming
Each F-NFT has metadata that includes a category/segment of an underlying intangible asset (e.g. “technology” category, and the sub-category “biotech” or “nano-tech” or “environmental-tech”), and the identifier of the platform responsible for putting the asset in the network. Every account in the network can stake DEIP tokens in a specific category. Such a mechanism allows users with deep understanding and insights in the category to use that knowledge to yield profit from all transactions within this category.
