🏁 1. Introduction
Overview
Deploy is a decentralized finance (DeFi) protocol that issues synthetic yield-bearing tokens known as dAssets. Each dAsset represents a 1:1 claim on an underlying asset such as Bitcoin (BTC), Ether (ETH), USDC (USDC), or Solana (SOL). Deploy provides users with access to transparent, collateralized, and market-neutral yield strategies.
dAssets
dAssets Overview
Definition: dAssets are fully collateralized ERC-20 tokens representing ownership of the underlying asset.
Collateralization: Each dAsset is backed 1:1 by its underlying collateral, held with institutional custodians using MPC (multi-party computation) wallet infrastructure to ensure secure key management and verifiable custody.
Issuance & Redemption:
Only KYC/KYB-verified participants can issue or redeem dAssets.
Upon redemption, the dAssets are burned on-chain, and the corresponding collateral is distributed in the same transaction.
Transferability: dAssets are freely transferable and composable across supported DeFi environments.
This document represents a draft summary of Deploy’s design and may be updated as the protocol approaches launch. All operational, technical, and compliance details are subject to refinement based on regulatory guidance, audits, and market conditions.
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