Native Decentralized Euro Protocol Share (nDEPS)

Native Decentralized Euro Protocol Shares (nDEPS) are the governance token of the system. Anyone can obtain newly minted nDEPS by providing equity capital to the system and later return them to reclaim their share of capital. nDEPS holders benefit from the earned fees and liquidation profits, but they are also the ones who bear the residual risk of liquidations, similar to the shareholders of a bank. Therefore, nDEPS holders have an incentive to grow the system and ensure its stability. The governance process is veto-based: anyone can propose new types of collateral or even completely new methods to bring dEURO into circulation, but just 2% of the voting power is sufficient to veto such proposals.

The DEPS Token

The DEPS is a wrapped token of nDEPS, equivalent in price to nDEPS but without voting rights. Its advantage is that it is more suitable for trading on exchanges.

Q&A

What are nDEPS tokens?

nDEPS tokens represent ownership in the equity reserve pool of the dEURO system, functioning like shares in a bank. They enable holders to earn profits from system fees, participate in governance through voting rights, and provide liquidity by minting and redeeming tokens. nDEPS tokens play a crucial role in maintaining stability, governance, and value creation within the dEURO ecosystem.

What role do governance token holders play in the dEURO ecosystem?

The Native Decentralized Euro Protocol Shares (nDEPS) represent a share in the equity capital of the system. The DEPS holders get the profits (earned interests and fees) from the system, but are also covering the residual liquidation risk. Furthermore, nDEPS token holders accumulate voting power over time. Any nDEPS holder that has 2% of the votes - alone or together with others - can veto proposals.

How can individuals invest in the nDEPS tokens of the dEURO ecosystem?

Option 1.  
Step 1: It’s possible to use the following website: https://app.dfx.swiss/buy
Step 2: Connect to Metamask or another wallet of your choice
Step 3: Choose nDEPS on ETH
Step 4: Pay via bank wire or credit card with Apple and Google Pay    

Option 2.
Via Uniswap (dEURO or nDEPS) 

How long is the locking period for nDEPS?

nDEPS are not locked. nDEPS can be transferred at any time. nDEPS can also be sold at any time. nDEPS can be exchanged for DEPS and sold via uniswap. All this is possible and there is no lock. If you want to destroy nDEPS with the SmartContract, these nDEPS must be at least 3 months old. However, this is not a sale but a destruction of the nDEPS. After that, these nDEPS no longer exist and the quantity in circulation of all nDEPS has decreased.