DERA provides an application layer for digital currencies that enables the creation of interest-bearing payment currencies, allowing companies to generate additional revenue and enhance brand exposure. This technology addresses the issues of static currencies, which lead to lost revenue and reduced customer loyalty by offering a stable financial backbone that connects digital economies to the real world.
Funding
Funding not disclosed
Founders
Product
Problem
Digital currencies often remain static, leading to missed revenue opportunities for companies and reduced customer loyalty due to the inability to generate yield or spend the currency outside the issuing ecosystem. The volatility and lack of financial utility in many digital currencies also pose existential risks for participants.
Solution
DERA provides an application layer for digital currencies, enabling the creation of interest-bearing payment currencies that connect digital economies to the real world. By replacing static currencies with DERA, companies can generate additional revenue and enhance brand exposure. DERA's technology allows users to earn yield without compromising spending power, fostering customer loyalty and enabling the redemption of underlying assets for spending outside the original ecosystem. The platform facilitates trustless access to underlying assets through autonomous smart contracts deployed on the blockchain.
Target Audience
DERA targets companies with digital economies, such as in-game economies and IoT networks, as well as DeFi users and token issuers looking to enhance their offerings with interest-bearing currencies.
Features
- Currency Designer: Allows users to create their own branded digital currency backed by DERA and other digital assets, deployable on multiple networks.
- Interest-bearing currencies: Enables users to earn additional revenue on their USD holdings.
- Integration with DeFi: Allows pairing tokens with DERA instead of static stablecoins to increase the value of liquidity pools.
- Smart contracts: Facilitate trustless access to underlying assets.
- Cross-ecosystem spending: Enables customers to redeem underlying assets and spend them outside the original ecosystem.