What Is Dev Protocol?

2021-03-19 02:00:00 · 353 views · 3 min read

 

Tokenize OSS Projects, Earn Now!

 

 

Finally, we are seeing a DeFi project designed for blockchain geeks to make profits! 

 

 

Dev Protocol lets GitHub users tokenize their OSS projects in a few clicks. Creating an OSS token allows projects to access sustainable funding, create underlying economic models for their projects, and distribute incentives at scale. 

Protocol participants stake the DEV token, the protocol’s governance token, on projects they believe are valuable. DEV is an inflationary token that is rewarded to patrons and OSS projects for being active participants in the Dev Protocol ecosystem. The Dev Protocol inflation rate for minting is determined by the total amount of DEV staked versus OSS projects onboarded. 

 

 

The protocol rewards these participants and the projects they staked for with minted DEV tokens. Examples of open assets are OSS projects, Youtube videos, and Spotify content. Dev Protocol integrates with these markets so that projects or creators can authenticate and tokenize their work. 

 

 

For the first time, OSS projects have a scalable solution to unlock their value.

Stakes Social is Dev Protocol’s user-facing application where OSS projects and patrons connect. OSS projects use Stakes Social to tokenize, obtain patrons, build communities, and incentivize stakeholders in order to grow their projects. Patrons use Stakes Social to stake the DEV token for OSS projects they support.

 

 

If you are a developer or a developing team, you can create a token for your OSS project to unlock its value on Stakes Social. You decide the token name, abbreviation, and whom to share it with. Dev Protocol mints 10,000,000 units of your token on the Ethereum blockchain. OSS tokens can leverage all of Stakes Social’s features.

 

 

So far, 1500+ OSS projects have been onboarded to Dev Protocol.

Here’s an example of the staking pool created by Vvper, a contract-oriented pythonic programming language that targets the Ethereum Virtual Machine. You can see the APY for stakers and creators, and more staking details.

 

 

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