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We've building a platform to make it easier for you.

dPassive is a DeFi protocol powered by smart contracts on the cross-chain network that enables the creation of synthetic assets called dPassive Assets (dAssets).

dAssets track the price of equity market and other real-world assets, in turn giving exposure to the traders. Forked from Mirror Protocol of Terra chain, dPassive will enhance and re-deploy a new cross protocol on Binance Smart Chain, and subsequently on Ethereum and Polkadot.

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DPASSIVE PRODUCTS & USE CASE

Our platform will be initially focusing on the minimum viable products [MVP] for synthetic stock assets of some of most popular stocks from USA / Hong Kong. We have various pricing data feed partners and will integrate with band protocol as our Data Oracle. Deposit /Withdrawal of collateral Minting of dAssets Listing on dPassive Exchange Provide Liquidity for Trading Redemption / Liquidation The product Features will as follow, but not limited to below:

  • Securities (any shares from USA/HK)
  • Emphasising the 3 major enhancements of dPassive on top of forked mirror protocol
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Download Whitepaper

dPassive, A bridge to lower volatility real world assets

SolidProof.io Audits do not provide any warranty or guarantee regarding the absolute bug- free nature of the technology analyzed, nor do they provide any indication of the technology proprietors. SolidProof Audits should not be used in any way to make decisions around investment or involvement with any particular project. These reports in no way provide investment advice, nor should be leveraged as investment advice of any sort.

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Solid Proof | Blockchain Security | Smart Contract Audits

SolidProof.io reports are not, nor should be considered, an “endorsement” or “disapproval” of any particular project or team. These reports are not, nor should be considered, an indication of the economics or value of any “product” or “asset” created by any team. SolidProof.io do not cover testing or auditing the integration with external contract or services (such as Unicrypt, Uniswap, PancakeSwap etc’...)

dPassive Finance is a Defi Platform .... With the data partners support, dPassive Finance will be able to mint synthetic Assets tokens from 38 equity markets.

dPassive Roadmap

Our marketing campaigns during Pre-IDO and IDO involves connecting with potential investors and traders to buy dPassive tokens.
Post-IDO, we ensure that the brand value is strong for traders to hold while ensuring there are buyers for the tokens, thereby, creating demand in the market.

April 2021

DAO Token Smart Contract Deployment

May 2021

Pre-IDO marketing

Jun 2021

IDO on Launchpads

Jul 2021

dPassive Protocol Smart Contract Audit

Aug 2021

Protocol Smart Contract Deployment on BSC

Nov 2021

Pre-sale Investor Tokens unlocked

May 2022

Real world stock On-chain Integration With partners & Team 1st batch Tokens Unlocked

dPassive Protocol

dPassive is a DeFi protocol powered by smart contracts on the cross-chain network that enables the creation of synthetic assets called dPassive Assets (dAssets). dAssets track the price of equity market and other real-world assets, in turn giving exposure to the traders.

  • dPassive

    The minting and redemption of dAssets is undertaken by depositing/redeeming of collateral (Stable coins, relevant real-world assets under custodians with counterparty insurance on chain).

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Have Any Questions?

Frequently asked questions (FAQ) or Questions and Answers (Q&A), are listed questions and answers, all supposed to be commonly asked in some context

The aim of dAssets is to mimic the pricing movement of real-world exchange-traded underlying assets and give investors access to not only home markets but also foreign markets as well. While dAAPL tries to closely represent the movements of AAPL stock, users are not afforded any rights of the underlying asset and tracking errors may arise due to the imbalances in trading volume in the underlying markets and the BSC markets.
dAssets are traded through interacting with liquidity pools on platform. For more information about the mechanism of the platform.
dPassive aims to be decentralized in all aspects including whitelisting, governance, minting, and trading. As a result, as long as you have USDC balance, you are able to perform all functions available on both the dPassive protocol as well as dPassive protocol-owned platform pools without any need to go through a KYC process.
Corporate actions are handled through an asset migration process discussed here. Given that dPassive assets do not confer any rights of the underlying asset, dPassive assets do not give dividends.
There is a fixed fee called the LP commission is 0.30% which serves as a reward for liquidity providers for dPassive-related pools on dPassive Platform.
All dAssets that are purchased or sold on dPassive were, at one point, minted. Minting is the process of providing collateral to issue a “synthetic” dAsset. 2 types of collateral is possible: Stable coins e.g. USDC specific stocks under custodian of a Special Purpose Vehicle (SPV), more details will be shared. Price oracles play an important role in the minting process and are used for two key functions: First, they help determine the amount of collateral required for minting an dAsset. Second, they help determine whether sufficient collateral is backing existing dAssets. In the below example (Figure 1), assume that a minter provided $150 worth of stablecoin to issue an dAsset worth $90 and that the minimum collateral ratio (MCR) is 150%. If at time T=2, the asset’s value increases to $101, then the collateral ratio would be 149% ($101/$150) and would fall below the MCR. When this happens, the dPassive protocol will seize a portion of the collateral and initiate an auction for anyone willing to sell the dAsset in exchange. To incentivize this liquidation, the dPassive protocol allows anyone to purchase this seized collateral at a discount until the collateral ratio reaches the MCR again. In the example, using the collateral supplied at T=0, users will be able to send dAsset tokens in exchange for discounted collateral until the collateral ratio reaches 150% again at T=2.01. If, for instance, the asset price increases again at T=3, then the process repeats itself until the collateral ratio reaches 150%. For collateral with specific stocks under custodian of a Special Purpose Vehicle (SPV), the minting process will be similar to the stable collateral. However, the minimum collateral ratio (MCR) will be 105%, i.e. a minter can use $105 worth of stocks (e.g. AAPL) to issue the synthetic tokens (e.g. dAAPL) worth $100.
dAsset liquidity is provided directly through the platform liquidity pools, and as such, they can be traded irrespective of market hours. Unlike trading, the oracle feeder is used to price the value of dAsset for minting. The oracle feeder stops operating when real-world market hours are closed, so minting transactions on dPassive Protocol will fail.
DPS tokens have a variety of functions on the dPassive Protocol. The first and foremost functionality of the token allows holders to participate in governance on the protocol. In addition, by providing liquidity to the DPS token pool, DPS LP tokens issued can be further staked in order to receive CDP withdrawal fees in the form of DPS tokens.
Yes, you can find the audits reports here.
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.
Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics.
The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate
Yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar.
New bitcoins are generated by a competitive and decentralized process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialized hardware and are collecting new bitcoins in exchange.
Bitcoins have value because they are useful as a form of money. Bitcoin has the characteristics of money (durability, portability, fungibility, scarcity, divisibility, and recognizability) based on the properties of mathematics rather than relying on physical properties (like gold and silver) or trust in central authorities (like fiat currencies). In short, Bitcoin is backed by mathematics.
The price of a bitcoin is determined by supply and demand. When demand for bitcoins increases, the price increases, and when demand falls, the price falls. There is only a limited number of bitcoins in circulation and new bitcoins are created at a predictable and decreasing rate
Yes. History is littered with currencies that failed and are no longer used, such as the German Mark during the Weimar Republic and, more recently, the Zimbabwean dollar.
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is not a practical possibility.
Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.
To the best of our knowledge, Bitcoin has not been made illegal by legislation in most jurisdictions. However, some jurisdictions (such as Argentina and Russia) severely restrict or ban foreign currencies. Other jurisdictions (such as Thailand) may limit the licensing of certain entities such as Bitcoin exchanges.
Bitcoin is money, and money has always been used both for legal and illegal purposes. Cash, credit cards and current banking systems widely surpass Bitcoin in terms of their use to finance crime. Bitcoin can bring significant innovation in payment systems and the benefits of such innovation are often considered to be far beyond their potential drawbacks.
The Bitcoin protocol itself cannot be modified without the cooperation of nearly all its users, who choose what software they use. Attempting to assign special rights to a local authority in the rules of the global Bitcoin network is not a practical possibility.
Bitcoin is not a fiat currency with legal tender status in any jurisdiction, but often tax liability accrues regardless of the medium used. There is a wide variety of legislation in many different jurisdictions which could cause income, sales, payroll, capital gains, or some other form of tax liability to arise with Bitcoin.