# Vision Manifesto This is a living document containing our Vision for the digital asset market and our Method and fundamental approach to building long-term wealth. This is not an investment advice! updated 24.01.2024 ### Context The fundamental purpose of EarnPark is to bring financial freedom in a digital future to our community. Unfortunately, [we weren't (and still aren't)](#user-content-fn-1)[^1] taught the basic/foundational skills of interacting with finance - savings and investing culture. We traveled this path on our own, having a desire to build capital and a personal interest in technology. We started with traditional financial assets and, in 2017, dived into crypto. Now, a team of tech entrepreneurs and engineers have decided to make a bet on crypto for the next 10 years and transfer the product approaches of classic Web 2.0 to the Web 3.0 market to create convenient products for [ordinary people](#user-content-fn-2)[^2]. And first of all, we started to solve the capital growth task. Build digital wealth without FOMO. [^1]: Our bodies and financial health are important to everyone, and, amazingly, people need to learn more about how to manage their financial health and how our bodies work to learn how to control and influence both of these aspects. There are massive industries built on that ignorance of both. It's a system that works against us and makes the rich richer. [^2]: People far outside of smart contracts. # Why crypto Crypto gives us: * Common transparent rules for everyone; * Free access to the financial system for everyone; * Distribution of maximum benefit among people, removing middlemen. The crypto industry ~~will change~~ changes a lot of things already, just as TCP/IP once [changed the world](#user-content-fn-1)[^1] and the global Internet network appeared. Web3[^2] technologies emerged to [reduce economic transaction costs](#user-content-fn-3)[^3] and evolve the financial system. Web3 contributes to the goal of creating a programmable economy in which the relationships between subjects are transparent, provable, decentralized — and executable through code. [^1]: Just like the SMTP protocol gave us the email and changed the way people communicate. [^2]: Let's assume that crypto, web3, and blockchain are somewhat synonymous within the narrative. [^3]: With the help of: * uncensorable money; * decentralized governance; * self-sovereign identity. # Tech financial future # Is fiat a bubble? Dollars, euros, and all the fiat are all managed by central banks under completely unclear and non-transparent rules. The [regulation and distribution](#user-content-fn-1)[^1] of money happens behind closed doors to which ordinary people have no access. The fiat system is maintained and supported by large, costly institutions. An unprecedented amount of money has been printed in the last few years. As a result, if we keep the cash, we lose purchasing power. Today, you have to earn 15% more each year to stay ahead of the money printing. This is only available to the rich; the average person in traditional markets doesn't have this option ([only by luck](#user-content-fn-2)[^2]). The current financial system is unstable, and many factors influence its changes. People are looking for stability, and many find it in cryptocurrencies, even despite the volatility. After all, we remember that [21M Bitcoins will remain 21M Bitcoins](#user-content-fn-3)[^3]. [^1]: In whose interest? 🤔 [^2]: Financial markets (NASDAQ and SPX)\* are not growing. It's not stocks that are rising. It's the number of dollars in circulation that is rising. [^3]: Yes, it can be changed, but it is a very complicated and long and transparent process that requires the approval of a huge number of participants. # Cryptocurrency Cryptocurrency is not a new trend that will disappear in the next 5 years; it's a logical development caused by the strictness of the traditional ecosystem. It solves many problems that have existed for decades. After all, everything that's done with crypto could have been done without it. However, it wasn't done. That's why the world is moving towards Web 3.0. **The Money for the Future of Humans, AI Agents, and Robots** As intellectual labor increasingly dominates the global economy, a new class of independent specialists — freelancers, AI agents, and autonomous robots — is reshaping how work is performed and compensated. This emerging "freelance economy" requires a financial system capable of supporting billions of microtransactions worldwide, something that traditional banking, with its high fees and outdated infrastructure, cannot handle. A $1 transaction sent through a bank doesn’t make sense when fees average $10–$20. Card payments at 2.5% transaction costs are inefficient for conducting billions of payments worth fractions of a cent. Cryptocurrencies and Web3 technology are designed to reduce transaction costs and facilitate an economy where humans, robots, and AI agents can interact seamlessly and efficiently. Bitcoin solved the problem of value transfer. Ethereum solved programmable trust. Now, EarnPark sees crypto as the currency of the next-generation workforce — enabling efficient, low-cost transactions between humans, AI systems, and automated agents that will dominate the digital economy. # Bitcoin Bitcoin is the brightest and the biggest (at the moment) digital economy representative. BTC is created for making deals without mediators — they are not needed. The biggest Bitcoin value is that it’s [**your money**](#user-content-fn-1)[^1], and no one can take it away from you without your approval. It has a limited supply, and you can be sure that 1 BTC is always 1 BTC out of 21M supply. BTC has solved the task of saving and transferring value. There are not many projects doing the same. That is the task that takes up all the energy ([a lot of energy](#user-content-fn-2)[^2]) through mining. [^1]: BTC is not exactly money. Money is the future of CBDC governments. And private money even in the more distant future – like Elon's Doge 🙂 [^2]: Forgive us, skeptics, but you can only choose one thing: * Bitcoin is not backed by anything. * Bitcoin consumes too much power. # Ethereum & Blockchains Bitcoin solves the task of storing and transferring value. But there are other tasks: deposits, exchanges, agreements — even more complex interactions where the logic is set in the contract. Now if something went wrong in the collaboration of the parties, the courts get involved. Some courts work better, others worse, but the review of disputes can take years. The rules may not always be created in a transparent way, and people have little ability to influence the rules. > Laws serve those who make the laws. This is where the element of the system comes in. Ethereum is a platform for writing smart contracts — the rules for human or robot interaction. More money = often more opportunities. For example, more financial tools are available to accredited investors. Anyone can create their own scripts/smart contracts on the Ethereum blockchain for any purpose. A lot of people in the world [don't even have access to the financial system](#user-content-fn-1)[^1] to earn a return on their savings. And this is being transferred to an open platform (ETH) for all to use. Ethereum solved the problem of smart contracts. But it was very expensive. Alternatives began to appear, trying to solve the same task. For example, Solana — transactions are cheaper and easier to experiment. The well-known Avalanche, Polkadot, NEAR Protocol, and Cosmos are all digging in the direction of smart contracts. Blockchains (primarily ETH and others like it) enable humans and robots to make deals without intermediaries in a transparent, publicly visible way. [^1]: The blockchain technology is a solution for developing countries and a catalyst for the Internet development. # Stablecoins A stablecoin[^1] is a crypto asset whose value is tied to assets we care about much more, such as the US dollar, euro, pound sterling, etc. Stablecoins were created to minimize the volatility inherent in other cryptocurrencies. It is the building block for everything that will be made in cryptocurrency. It is the bridge between the new world of cryptocurrencies with all its benefits (instant exchange, fast transactions, programmability, etc.) and the slower fiat banking tracks that are used every day for everything that happens in our lives. It's an important hub for consumers and the businesses that use it, so they are subject to intense regulatory scrutiny. Stability is very important in society. People need stable assets when they transact with each other. If you want to invest in cryptocurrencies and avoid big price fluctuations, stablecoins are a good option. The only thing is that to get returns, you need to use stablecoins in strategies. [^1]: Biggest examples being USDT and USDC. # Products Retail fintech products have probably become one of the most successful to date — Coinbase, Uniswap, Metamask. Crypto wallets for cryptography are like emails from the first era of the internet. They are a connection, a unified sign-in service, and a method of authentication for the crypto world. But these are not yet products of mass consumption. Wallet usability and user interaction design are not optimal. The good news is that there is a huge market opportunity to improve this process. > We believe in decentralization and plan to upgrade EarnPark accordingly, adding DeFi products. But in our opinion, [100% decentralization](#user-content-fn-1)[^1] is utopian. > > The current blockchain infrastructure does not support fully autonomous solutions. > > The current financial system has come a long way, and we cannot say that it is completely unusable and should be discarded. Our approach is to create the new by relying on what's best in the old. Our goal is to build an advanced platform and create simple products for people, bridging the decentralized and centralized worlds. [^1]: It is typical in the crypto space to dislike custodial services. And users, without realizing it, prefer to replace known custodial risks with unknown protocol-related risks. DeFi is a new industry that is in its formative stage. # Digital future You can look at crypto as coins, technology, etc. Simply put, it's a network. A network was created for people to do things together — to exchange and make contracts. Just like the Internet[^1] or mobile communication. Basically, it is something that bonds people together. Assuming a crypto network is useful for the planet, it will go through a process of growth from its first users to network saturation. And so, [Metcalfe's law](#user-content-fn-2)[^2] can be applied: the value of a network is proportional to the square of the number of connected users of the system. Crypto is growing almost twice as fast as the internet in the late 90s and early 00s. It is the fastest-growing network the planet has ever seen.
There will be [other networking tech](#user-content-fn-3)[^3] that will also grow, possibly even faster and have the same impact. Assuming the world needs crypto, the growth trend continues, and then by 2030, more than half of the planet will be using crypto. And it will have the value of the square of users. [^1]: The Internet as a network will hit a ceiling – the number of people on the planet. For crypto network ceiling will be higher because of the robots connected. [^2]: FAANG companies — the largest reps of the Internet network — have grown on Metcalfe's network effect. [^3]: Whats'up AI 👋, the "frontend" of programmable economy. # What to do then Well, the short answer is to accumulate and invest in digital assets. Compared to the Internet, [this is 1998](#user-content-fn-1)[^1] — the same amount of users, capitalization, and other adoption metrics.
The cryptocurrency sphere takes up only 1.2% of the total volume of the global market. In 5 years — 5%, in 10 years — 10%, in 30 years — 20% in the stock market share. Within 25 years, the market will reach a capitalization of $100 Trillion. Cryptocurrencies are now perhaps the most profitable asset class for the next 10-20-30 years. Price fluctuations and 90% drawdowns are quite expected for a maturing asset class. The technology behind the entire industry has the potential to change all aspects of digital life forever, from financial technology to entertainment. We didn't have the ability to truly own digital assets without managing the physical hardware they exist on until Bitcoin was created. > Each crypto industry's market cycle has left the ecosystem stronger than the last. In crypto, we see that failures are not fatal to the industry but instead a necessary step in moving towards the future. The collapse of the market and many projects in 2022 exposed important problems. The following innovative projects will already **include their solution, which will catalyze further growth**. [^1]: The picture shows an Amazon chart from 1998. The Internet growth price index is a growth price index of technology stocks. For example, Amazon is a global network connecting people and allowing you to sell in ways that were impossible before. # Guarantees Is the assumption about the digital asset market 100% true? No. Such a big reward (potentially) also has risks: 1. Do we really need it as humanity? Or no one actually does? It's a matter of faith. Our team believes that people need ways to realize their freedom to exchange and make deals without mediators. We put our resources and attention into realizing crypto for the people. 2. Will something happen that might stop crypto from evolving? Will the Internet shut down, or will each country have its own? Or maybe a strong actor or a group will want to destroy crypto. There is always a possibility. However, it is our opinion that the end of the current "frenzy" represents the optimal investment window within the Web3 technology cycle, as institutionalization will ensure consistent and sustained growth in various sectors (e.g., decentralized finance) and the number of apps in those sectors. As a technology, crypto will take the same path as others:
Bitcoin was created in 2009. It has existed for more than 14 years and has survived 80% dips, large exchange hacks, bans in many countries, negative news, and accusations from public figures. [The Lindy effect](#user-content-fn-1)[^1] assumes that every year that BTC survives, it makes it stronger and increases the likelihood that it will live at least as long as it already has. [^1]: The Lindy effect (also known as Lindy's Law) is a theorized phenomenon by which the future life expectancy of some non-perishable things, like a technology or an idea, is proportional to their current age. # Capital growth Minimum investment fundamentals. It is enough to take the first step. # Financial planning Financial planning and investment pursue two main goals: financial well-being and [financial independence](#user-content-fn-1)[^1] throughout life. **Goals could be short-term, medium-term and long-term.** **Short-term goals** (less than a year) - to solve your current financial situation. You can achieve it by balancing your income and expenses. **Medium-term goals** (1-10 years) - to solve financial problems related to major purchases (cars, real estate, etc.). You can achieve it through learning how to form savings. **Long-term goals** (more than 10 years) - to form savings that are enough to establish your financial health and independence. To effectively achieve your goals, it is important to clearly define them. Goals can be different just as your financial preferences can change throughout your life. But the idea here is that while you are in your working age you should manage and invest your financial assets wisely so that they can support you when you are old.
So the goal is for a person to have formed their own flow of passive income or a retirement fund. [^1]: Financial independence from parents, government and children. # Financial health The key is budgeting, managing, and accounting. Financial health is a continuous cycle that involves earning, saving, and multiplying money. **The basics of investing are summarized in 4 simple steps:** **Step 1**: Spend less than you earn; **Step 2**: Save and invest the rest; **Step 3**: Build a diversified portfolio; **Step 4**: Be patient. These steps are easy, but most of the investors still ignore them.
**Current capital**: Intended to provide for the current needs of the person. It is important to balance the income and expenditure parts. **Capital reserve**: Serves to provide [financial stability](#user-content-fn-1)[^1] in case of unforeseen situations such as job loss or illness. **Investing capital**: Long-term investments intended to ensure a comfortable retirement. There is an additional **5th step:** education and constant learning which is the key to success in the changing world of investing. Financial strategies and advice [change ](#user-content-fn-2)[^2]depending on the era and context. Old methods, formulas, and ratios that were effective in the past may not work today. Investors must be prepared to change and adapt as the economic and financial environment is constantly changing. To understand finance and investing, it is helpful to study different areas of knowledge such as psychology, biology, and math. The best sources of information about finance and investing may not always be financial books. A variety of readings can provide a better overview and understanding of the situation. Investors should be alert, analyze various sources of information, and be prepared for change. Don't trust, verify. [^1]: It is recommended to have a saving of 3-6 monthly salaries. [^2]: Now index investors are making fun of their old-style colleagues, who take stocks one by one and who try to actively manage their portfolios. Well, our children and grandchildren will probably laugh at index investors. # Make money. Create value Investment books teach you how to stay rich, but [not how to become rich](#user-content-fn-1)[^1]. True wealth comes from creating value for society. Even "passive" income requires an investment of time and energy in the initial stages to produce value. Passive income is a form of earning money in which a person does not directly exchange time for money. Instead of a linear dependency, as in a regular job, a person only works once or for a certain period of time and then earns income through "inertia[^2]". [^1]: Reading investment books is fine and necessary, but they won't help any of us become rich. You don't need the hundredth book about money. The most valuable information about money is simple and quite boring. [^2]: Dividends, % on capital. # Preserve. Delta The savings rate at the beginning of an investment career (first 10 years) is far more important than costs, compound interest and volatility combined. In essence, if you don't have money, you need to earn it first. Earn as much as you can and don't spend it on luxury items to "impress" others. **You need to spend less each month than you earned in the previous month.** Income - Expenses = Delta **Delta>0** - investment resource **Delta<0** - first, make it, and only then start investing The goal here is to save 10-20% of monthly income. Just like that! If you don't learn to do this with your income now, then when your income grows your losses will grow with it. **Remember the 50/30/20 rule:** 50% — for your needs; 30% — for your wants; 20% — for your financial goals: savings and paying debts. By spending less on things that aren't that important, you will have more for what's really important. # Invest A lot of people are so risk-sensitive that they're afraid to invest $100 even in stocks. \ But if lured into a high-profit scheme, they'd be ready to invest $1000 to get $300 monthly in profits. The idea of earning $300 each month reduces the stress associated with paying bills or meeting financial goals. Also, it seems so quick and easy with a one-time risk rather than investing $10,000-$50,000 with regular additions over the years. Just start investing. Take the plunge with $100 and explore investment opportunities. Learn the protocols and understand the workings of the market, and if you happen to lose that initial $100, remember that you'll gain invaluable experience. In the short term, the value of cryptocurrency rises and falls drastically. Using Bitcoin as an example, there has been an upward price trend for many years and we can make the assumption that this trend will continue over time. Investing in cryptocurrency using a long-term strategy is a way to avoid the volatile cycle and fluctuations we see over a short period of time. This approach is based on the assumption that an upward price trend will stay that way for years. This approach is known as [buy & hold stocks](#user-content-fn-1)[^1] in the stock market. You buy stocks and hold them for years or decades. While you wait 10-20 years for your crypto to grow in value, you can earn additional value through [interest payments](#user-content-fn-2)[^2]. [^1]: In the cryptocurrency world, HODL has become a meme and is known as the idea of buying a cryptocurrency and waiting for it to grow. [^2]: Platforms like EarnPark are designed to help people earn interest on their cryptocurrency while they hold it. # Investing principles #### **Principle 1**. **Avoid losses. Don't speculate.** All great investors will avoid losses by any means necessary. Because if you lose 80% of the value of your portfolio, you need to earn 400% to recover it. And that requires the most expensive resource - time.
So your philosophy should be to avoid losses and not speculate on the one hand, and on the other hand make the money work. Only invest in what you know best, otherwise you will have one loss after another. #### **Principle 2. Rational thinking over emotions.** Research by "Fidelity" companies using its flagship Magellan Fund by Peter Lynch as an example: "Between 1977 and 1990, the fund achieved an average annualized return of 29%. Yet, the average Magellan fund investor suffered losses! How could this happen? When the fund's returns tanked, people withdrew money from the fund for fear of even greater losses. When things picked up, people went back in again." `Make open-mindedness a habit.` | Bias | Description | Examples | | -------------- | -------------------------------------------------------------------------------------------------------- | ----------------------------------------------------------------------------------------- | | Availability | Out of a very large set of financial assets, we often only invest in those that we believe we know best. | If something happens, we'll get a warning call. | | Status quo | We regret selling something too soon rather than the missing a successful investment opportunity. | We're upset about selling Google stock early, but not about about not buying Apple stock. | | Order | We tend to sell winning positions too early and hold losing positions too long. | I don't record losses. | | Confirmation | We tend to seek out information that confirms our beliefs and ignore information that contradicts them. | I believe that IT stocks will rise: CNBC writes about it. | | Overconfidence | We often become overly confident in our predictions and overestimate our results. | Overestimating portfolio Return and underestimating Risk | Select assets well and be prepared for fluctuations in their market value. Don't get upset when prices drop noticeably, nor overjoyed when they rise noticeably. [Read ](#user-content-fn-1)[^1]about Market Psychology. #### **Principle 3: Always stay invested.** Many investors often try to predict the perfect moment to enter the market, hoping to catch it at the bottom. The reality is that it's nearly impossible to do so. To illustrate this, consider the task of finding the biggest poppy in a field.
As you walk in one direction, searching for the largest flower, you can't go back (just as you can't go back in time in the market) and you don't know what lies ahead of you. The statistics back it up.

Source: JP Morgan

The annual return of the S\&P 500 index from 1999 through 2018 was 5.6%. Miss only the top 20 days in 20 years (only one day a year) and instead of 5.6% the AR of the portfolio can become negative. Timing isn't free and means missed opportunities. Waiting for the perfect moment to enter the market isn't practical. Invest consistently because money should be working all the time. Rather than fixating on finding the "perfect" market entry moment, it's better to seek attractive investment opportunities while minimizing transaction costs. #### Principle 4: DCA. But many people spend countless hours looking at charts only to find themselves on [the losing side of a trade](#user-content-fn-2)[^2]. It's not a good idea to try to determine the time to enter the market Utilize a strategy that uses both time and volatility to your advantage. This strategy is called Dollar Cost Averaging (DCA) DCA is the gradual entry and exit of positions over time, rather than all at once. Whether the market goes up or down, the money is invested and risk is reduced. The DCA strategy is an investment strategy (not a trading strategy). The strategy works well over the long term. It doesn't matter what the market does over the course of a day, a week, or even a month. If you invested just $100 a month in BTC starting in December 2017 to the present, you would have $BTC worth $50,545[^3]! That's with $8400 invested. [That's over 500% return on investment](#user-content-fn-4)[^4].
Stop trying to get rich by tomorrow and focus on long-term goals. DCA and time are what you need to build a solid portfolio. #### Principle 5: Focus on the long term. Smart money investors are usually patient and focused on long-term goals. `Building wealth is a marathon and not a sprint.` Over long periods of time, the initial amounts invested with compound interest increase dramatically. Compound interest is an essential factor in capital growth. Compound interest refers to the accumulation of interest on both the initial amount and the interest earned, essentially earning "interest on interest", which allows the original investment amount to grow exponentially. In the formula, you can see that apart from the interest rate, an essential parameter is the time for your assets to grow.
In order for the compound interest and time to work on your side, you need to reinvest your profit in the same or other financial instruments.
If you invest $1 at 20%, it will turn into $868,147 in 75 years. If you invest $1 every day at the same rate, $1,000,000 can be earned in 35 years. ***
Think of the purchase of Manhattan in 1626 by Peter Minuit from local Indians for approximately $25. Today, the total value of Manhattan is worth billions of dollars. However, if Peter had deposited his $25 in a bank at 7% interest, he would now possess a staggering $3.6 trillion 😱 – significantly more than the present-day value of the island with all its structures. #### Principle 6. Diversify. Choose the right assets. Diversification is a strategy that involves combining a wide range of investments in a portfolio.
According to Harry Markowitz (Professor of Finance, a Nobel Prize-winning economist), diversification is like a free lunch. Because with an equal level of returns, diversification allows you to reduce your risk, and if you have an equal level of risk, you get a higher return.
David Swensen, the chief investment officer at Yale University, emphasizes that: "There are only three tools to increase profits. The first is asset allocation. What assets do you intend to put your portfolio in? And in what proportion? The second tool is timing. You try to guess which asset categories will produce more returns than others. The third tool is ensuring safety." \ In fact, asset allocation determines more than 100% of your investing success. [The decision on asset allocation determines the returns of a diversified portfolio structure over time by 88%. Asset allocation should not be influenced by the cyclical ups and downs of economies or by some cynic doubting an asset in public.](#user-content-fn-5)[^5] Depending on your capital-building stage and goals, it is wise to hold 10-30%[^6] in digital assets. #### Principle 7: Create your own investment philosophy. To become a successful investor, first of all, one should define the system of focal points – to form one's own idea of financial markets – and the investment philosophy.\ An investment philosophy is a wholesome understanding of how markets work (and sometimes they don't) and the types of mistakes you believe consistently drive investor behavior. Once you've developed an investment philosophy, you can: * Reject strategies that don't fit your view of the markets (after you've developed your own view within your investment philosophy). * Adapt investment strategies to your needs. * Effectively match financial assets with your individual characteristics. The key to success in investing is not in knowing what makes Warren Buffett successful but in deciding on your preferences, investment goals, and risk tolerance. #### Summary 1. Improve your understanding of how financial markets work or how to evaluate financial assets. 2. Recognize and overcome emotions in making investment decisions. 3. Make money work efficiently throughout the investment cycle. 4. Use diversification, considered the only "free lunch" in investment management. 5. Define your investment goals. 6. Apply the effective practices of successful investors (including understanding the mistakes that drive investor behavior). 7. Define the balance of risk and return that is optimal for you. 8. Build an effective long-term investment portfolio. 9. Assess portfolio performance and make adjustments as needed. [^1]: Don't read the Wall Street Journal and don't watch CNBC! All this crying and screaming about how we need to buy something and what to sell is just a distraction from proper investing. [^2]: Shoutout to FOMO lovers!👋 [^3]: At the time of writing this text (12.03.2024) [^4]: Try it yourself here [^5]: Research by Vanguard «The Asset Allocation Debate: Provocative Questions, Enduring Realities» [^6]: The founders of the EarnPark team hold 50%+ of their personal capital in digital assets. # Issue actualisation According to International Monetary Fund projections, the population in developed countries is either stable or declining.
The demographic burden ratio is rising, indicating an increase in the number of retired people compared to the number of working people. In some countries (e.g. Germany and Italy), this results in one pensioner for every two workers. The [traditional model](#user-content-fn-1)[^1] of the pension system comes into crisis when the demographic burden is high. Freezing pensions means not indexing them, which leads to a real decline in pensions taking inflation into account. It is one way of dealing with the lack of money in pension funds. The need for savings: Being of working age, people should save for their future to ensure financial freedom and a comfortable retirement. [^1]: When the working population finances the pensions of current pensioners # Inflation Investment capital is designed for investment in order to generate a positive yield. It is necessary to take inflationary factors into account when investing in order to achieve actual returns. The goal of any investment is to outperform the inflation rate, ensuring real capital growth. Nominal returns are mentioned in investment contracts/products and do not take inflation into account. The real return is the part of the return that is left after accounting for inflation. It shows the real increase in the value of the invested funds. Inflation reduces the purchasing power of money over time. When planning investments, it is important to consider the current and expected inflation rate to protect your investments from losses caused by inflation. There is nothing wrong with inflation. Correction: there is **nothing wrong with low inflation**. Digital assets are, in our opinion, deflationary instruments. # Risks Any investment has one goal only – to make money. It means that the investor wants to receive additional income on the invested capital. However seeking a high income is always associated with high risks, so one of the rules or conditions of investing in the financial markets is to find a balance between risk and return. > We design strategies with different risk profiles to provide the best returns in the market. > > To do this, we diversify our tools, software and algorithmic trading techniques. We do not claim to be risk-free, but we try to minimise risk as much as possible as part of the strategy. > > As a user, you are basically passing the crypto risk on to us, by betting that we can handle the risk better than the average crypto investor. > > Our investment team is made up of experts who are constantly developing, testing, managing positions and looking for new opportunities. [Profit is always correlated with risk](#user-content-fn-1)[^1]!\ Avoid those who generate returns and claim that they are risk-free, or say nothing at all about risks. Deposit only the amount that is proportional to the degree of your trust in a particular instrument. **Do not just trust – verify and diversify.**\ \ The biggest risk right now is not to take risks. In other words, sticking to traditional investment views and principles is risky for capital. To preserve and grow it, you need to take risks and explore/apply new/risky asset classes. Crypto assets have become a necessary and important element of a portfolio. The compromise between risk and return is one of the investment principles that shows that the higher the risk, the higher the potential reward. The key objective is to find the right balance between return and risk, to determine the maximum acceptable (yet still comfortable) level of risk and still earn the highest return. [^1]: Risk is the price for a profit, not the punishment for a mistake. # Portfolio Besides individual risk-return preferences, each of us is at a different stage of building our capital. \ This stage affects the portfolio as much as capital, age and goals. There are three stages of working with one's capital: * Formation * Accumulation * Preservation In each stage of capital management, the portfolio usually consists of three parts: Preservation, Balance, and Growth.(PBG) The share of each part and the assets in each part of the PBG portfolio are different at each stage.\ The tools from the capital formation phase [won't work](#user-content-fn-1)[^1] in the capital accumulation phase. ### Capital Formation stage In this stage, everything earned goes to expenses – there are no major savings. **Portfolio proportion:** P: 20% B: 30% G: 50% **Objective:** Small tests, a lot of tools and attempts, [ultra-high risk](#user-content-fn-2)[^2], dozens of losses and successes, single shots to the moon. **Why this objective:** * Because it is NOT possible to multiply your capital without [high risk](#user-content-fn-3)[^3]. * Because any losses are covered relatively quickly by time, which can be spent to make the same amount of money you lost. [Example ](#user-content-fn-4)[^4]of **G** (growth) part of portfolio structure at the capital formation stage: Airdrops, IDOs and launchpads, Meme coins. Example of **B** (balance) part of the portfolio: BTC, ETH accumulation according to the DCA model. Example of **P** (preservation) part of the portfolio: Stablecoin "deposits". ### Capital Accumulation stage At this stage, the tools need to change – because the size of the loss is now more difficult to cover by simply spending time earning money. \ This is the stage where one has savings that will allow them to live without an income with their current lifestyle for 6+ months. **Portfolio proportion:** P: 30% B: 40% G: 30% **Objective:** avoid the gambling mechanics of the previous stage; track and rebalance your portfolio in 3 categories; choose investment tools you like and upscale them; hire operational people and tools to work on your portfolio (accounting, analytics, transactions, etc.). **Why this objective:** * The size of the loss is now more difficult to compensate for with just time and earnings. One big loss can set you back for many years! * The team – because otherwise, you can't delay autonomous processes without personal involvement. Example of **G** part of portfolio structure at the capital accumulation stage: venture capital deals, special opportunities. Example of **B** part of the portfolio: BTC, ETH accumulation on the DCA model, liquid staking, market-neutral strategies. Example of **P** part of the portfolio: stablecoin "deposits", leveraged "deposits". ### Capital Preservation stage At this stage, portfolio income supports family/children's lifestyle. **Objective**: formed family office with managers, management principles, accounting and regular rebalancing of the portfolio. **Why this objective:** * At this stage, there is a longer planning horizon influenced by macroeconomic cycles. * Managers are needed, because the portfolio can't be properly sustained without diversification of channels, diversification requires profound immersion in each channel, which requires time and expertise. So before you start, map out an investment strategy and long-term plan, learn the tools, and try to ignore the noise. [^1]: Trying to repeat previous successful experience is pointless, don't fall for this trap. [^2]: Please avoid any leverage, borrowing on speculation on high-risk instruments. [^3]: Bigger the profit - bigger the risk, remember? [^4]: Example is based on cryptocurrency market instruments, other instruments can be used depending on your strategy # Market psychology Market, predictions, intuitive decisions – big emotions, masses with expectations and fear. The task here is to predict the behaviour of groups. The market is psychology. The better we understand it – the better we'll get. Not many write about it, for the most part, it is our observations and personal opinion. **There are 4 general psycho types of market participants:** 1. Whales – they create market movement; 2. Bulls – funds and legal entities managing depositors' money; 3. Independent traders, and opinion leaders (TA); 4. Hamsters. #### Whales: * Choose a promising industry; * Understand allocation – collaborate with large players, negotiate and buy from hamsters; * Until they gain a large share of the asset, the market will not go up; * During the consolidation stage, they create a negative background, so it is difficult psychologically for the rest of the traders to buy. * Release news/info, and push TA, so that traders who work based on the analysis come in; * Big players provoke emotions in their favour; * If a big player gains a position, he can go at x10 (no counter offers) to the level of breakthrough of the global trend, so that everyone starts buying; * Raise prices fast and roll out positive news. {% hint style="info" %} If FUD is flowing and there is accumulation on the asset, then it can be evaluated as a strategy for reversal. When following Whales, don't place take-profits. {% endhint %} The market is evolving, and the whale game doesn't always work out because there are more and more big players. #### Funds and legal entities managing depositors' money: * Whales can survive a dip, and liquidity is an issue for them: they can buy at 4, then at 1, knowing that they will sell at 20; * Funds can't go negative; there are reports -> hamsters will take the money. * Whale knows what positions the funds will quit -> dump with hold and with deprivation of funds to develop; * The whole fight is for liquidity. As long as someone is in position, the whale won't pull up. {% hint style="info" %} If there is an accumulation of a position and news comes out about the fund's exit from the position, it is a sign towards further growth of the asset. Sometimes funds quit on the pump – it looks like the whale gives an opportunity to sell, to exit. {% endhint %} #### Independent traders and opinion leaders (TA): * Run channels, and create liquidity; * Any whale is trying to align their actions with TA. Pumps and dumps are " designed" for TA to show movement for traders to make things work; * The big player lets traders trade on TA so that they gain their 5% liquidity. #### Hamsters: * Apathy during the fall, euphoria during the rise; * Those who pay for other's profits. Everyone makes money off the hamsters; * Playing against common expectations. **Now, what kind of investor are you? Can you beat the market from your position?** # Introduction Business WhitePaper Versions: October 01, 2024: Initial version ## EarnPark: next-gen transparent earn interest platform In the next five years, the number of cryptocurrency users is expected to exceed 1 billion, creating the need for fundamental financial services tailored to digital asset users. Key areas of financial (banking) services include payments, lending, asset management, and asset protection. EarnPark is focused primarily on solving the challenge of capital growth for each user by utilizing fundamental investment approaches and Web3 technologies to reduce transaction costs and create a transparent product. The most successful fintech products in the Web3 space to date are cryptocurrency wallets and financial instruments. However, they have yet to achieve mass adoption due to the complexity of their interfaces, opening up significant market opportunities for improvement. Our goal is to create a cutting-edge platform and accessible products that bridge the worlds of CeFi and DeFi. We believe in decentralization and have already begun integrating DeFi solutions. However, current blockchain technologies do not yet allow for the full realization of this concept, which is why we employ a hybrid approach to provide users with maximum transparency and convenience. Despite its volatility, cryptocurrency remains one of the most promising asset classes over the 10-30 year horizon. We believe that the key to success is the accumulation of crypto assets in a portfolio. Every crisis that the crypto industry has faced has strengthened its ecosystem. The collapse of CeFi projects in 2022 exposed systemic issues, paving the way for new innovations that will drive further growth. We aim to address the issues of trust and yield by providing users with tools to manage their assets. Our mission is to rethink personal finance by creating solutions powered by both DeFi and CeFi, accessible to everyone. # Vision & Strategy Looking Ahead # EarnPark at a Glance EarnPark is a next-generation platform that offers users the opportunity to earn on their cryptocurrency assets. We provide financial services for investors by utilizing advanced liquidity management strategies across CeFi and DeFi markets. Imagine you’ve opened a bank deposit—that’s how using the platform feels from a user’s perspective. Now, imagine you own an exchange and earn fees on every transaction—this is how our strategies work within the platform. # Hybrid Approach to CeDeFi EarnPark aims to bridge the gap between centralized and decentralized finance by using a hybrid approach that combines the best practices of CeFi and DeFi. While decentralized finance (DeFi) holds enormous potential, currently, the liquidity and infrastructure of centralized services remain more developed, with trading volume on decentralized protocols accounting for only about 10% of the overall market. In most of our strategies, we leverage centralized exchanges (CEX), making our platform a hybrid of CeFi and DeFi. In the coming years, we plan to gradually increase the share of decentralized solutions while maintaining high liquidity and a reliable centralized infrastructure. The hybrid approach allows: * **Users** to build portfolios of strategies with varying levels of risk and transparency, using both decentralized protocols and trusted management. * **Managers** to flexibly adapt to market changes, forecast fund management timelines, and effectively manage risks. * **The platform** to attract institutional investors by offering secure management tools through approved contracts and whitelisted addresses. We believe in the future of decentralization and apply its principles—such as consensus, transparency, and immutability of ownership rights—to provide a high level of trust and control for our users. # Transition to DeFi Our goal is to create a platform that combines the reliability of CeFi with the transparency of DeFi. CeFi offers flexibility and high liquidity, enabling rapid market response. DeFi, on the other hand, provides data consistency and transaction immutability, ensuring security and openness for users. By combining these two models, EarnPark offers users simple yet powerful financial products with a high degree of transparency and reliability. Blockchain is the foundation of our platform, ensuring transparency, security, and decentralization. All transactions and strategies will be verified and stored on the blockchain, allowing users to monitor their assets in real time. One of the key features is the development of a **DeFi Strategy Platform (DSP)**, which will optimize complex investment strategies within DeFi. This decentralized application (dApp) will provide users with access to curated and automated strategies based on their risk levels and investment goals. Blockchain mechanisms will also reduce transaction costs and lower entry barriers by aggregating resources. # Strategy-as-a-Service Looking ahead, we plan to implement "Strategy-as-a-Service" through smart contracts. In this approach, the platform will act as a proxy for decentralized strategies, enabling users to participate in complex strategies with a low entry threshold, managed through contracts. Trust management via DeFi is one of our key goals. To achieve this, we need to scale volumes and establish strategic partnerships that will support this process. Blockchain mechanisms will ensure transparency and ownership guarantees in the relationship between managers and investors, allowing users to always feel confident in the safety and use of their assets. We continue to move towards decentralization, with a focus on market development and technological integration. # Problems and Solutions We are building a platform that addresses current market challenges, meeting the real needs of users and utilizing existing technological capabilities. Our approach is built on transparency, accessibility, and efficiency for all participants. # Problem ## **Earning interest is complicated** ### **TradFi: High entry barriers for retail clients.** For retail investors, gaining access to large investment funds is extremely difficult. The minimum threshold for participating in a hedge fund starts at $200K, and for tier 1-2 funds, this threshold ranges from $1M to $5M. Funds are locked for long periods, and information about strategies and risks is kept from clients. We create products for the community—people like us. Our solutions are focused on addressing the personal needs of the founders and team, who have over 10 years of investment experience, including 7 years in cryptocurrency. These products are aimed at those who do not have the ability to invest large sums into funds or projects but want access to financial tools that are available to everyone, not just the "big players." ### CeFi: Lack of transparency and unstable models. In 2022, the largest CeFi platforms offering cryptocurrency yield collapsed. Users invested their funds without understanding the sources of returns or the risks they were taking. Platforms like Celsius, BlockFi, and Voyager—projects with billions in liquidity and millions of users—collapsed, exposing the sector's key weaknesses. The main lessons from these failures: that transparency and understanding of how and where users' assets are being used are essential. Many CeFi models proved unsustainable, creating demand for more open and secure solutions. ### DeFi: Complexity and barriers for users. DeFi offers immense growth potential, but most platforms remain too complex for retail investors. Understanding the market, managing risks, and interacting with protocols all require time and technical knowledge that most users don’t have. Many investors face fraud or lack access to professional tools. Even experienced players spend considerable time monitoring the rapidly changing DeFi markets. Additionally, 95% of retail investors lose their funds, often without fully understanding the risks associated with DeFi, such as smart contract bugs, risks related to self-custody, and the lack of security mechanisms. DeFi offers users high yields but carries more risks than custodial solutions. Many retail users, following the trend, transition to DeFi, exchanging familiar custodial risks for less understood and potentially higher risks related to smart contracts and asset management. ### **Points for Strategy Providers** Strategy providers also face numerous challenges. These include finding platforms to host their strategies, marketing and promotion, the complexity of bookkeeping and compliance, managing fee structures, fund cleanliness, and client KYC. The EarnPark platform aims to solve these problems by providing a one-stop solution for managers, including "Strategy-as-a-Service," allowing them to host strategies with access to necessary management and automation tools. ### First-Wave Earn Interest Failures The first-wave earn-interest projects that collapsed in 2022 highlighted two key points: 1. The demand for such products remains high, and with the increasing adoption of cryptocurrencies, this demand will only continue to grow (current levels are 4%-10%). 2. Centralization proved to be a weak point. Projects like Celsius and BlockFi managed user assets for their benefit, hiding long-term risks and offering a false sense of security.
We plan to change this by offering users participation in the distribution of both risks and returns. Each user will know where and how their assets are being used and will be able to fully benefit from the risks they choose to take. # Market Opportunity The cryptocurrency market is one of the fastest-growing sectors in the global economy. With instant and round-the-clock accessibility, decreasing trust in government currencies and banks, combined with high costs and slow traditional financial systems, these factors are expected to drive the total cryptocurrency market to reach $30 trillion by 2030, according to estimates from various institutional players. This corresponds to a compound annual growth rate (CAGR) of 55%.
Our target market is currently valued at $60 billion, and it includes regions with high inflation, median income above average, and a significant share of cryptocurrency holders. These markets are in need of alternative investment tools that can meet their demands. These factors, according to estimates from various institutional players, will result in the total cryptocurrency market reaching $30 trillion by 2030, which corresponds to a compound annual growth rate (CAGR) of 55%. **Core Beliefs** * Digital assets will become an integral part of an investment portfolio. The best long-term strategy is to increase the number of crypto assets. * Fundamental principles such as diversification and tactical asset allocation should form the foundation for building long-term wealth. * In the digital asset market, products that address the challenge of capital growth for asset holders are essential, with the community being the core of the project. Our product will be built on the basic principles of blockchain: fairness, accessibility, transparency, and trust. # Solution Our solution is the EarnPark investment platform. It is a simple way to earn yield by combining the regulation and user protection from CeFi with the transparency and decentralized income tools from DeFi. In simple terms, we offer users a familiar fintech interface, shielding them from the complexities of working with crypto wallets. Users can easily earn returns on their balance by selecting a strategy based on risk level on the EarnPark platform, making a deposit as they would with a bank, and receiving daily rewards. For strategy providers and managers, the EarnPark platform offers an efficient interface for interacting with investors. The platform acts as an intermediary and guarantor of adherence to established rules, ensuring the secure allocation of funds into agreed-upon strategies. In addition to choosing risk levels, users will have access to various conditions, such as lock-up periods or payout frequency. This not only provides flexibility for users but also helps the company minimize risks related to sudden fund outflows or market downturns, as seen with competitors.
✓ Simple way to earn interest
✓ Marketplace of strategies tailored to user choice
✓ Transparent risk levels and track records
### **Transparency** The issue of transparency cannot be solved in an instant, but we are already implementing a number of tools to ensure maximum transparency and trust. 1. **Regulation and legitimacy**\ We are establishing a legally legitimate structure that reduces risks for both the company and users. Every section of the platform complies with KYC and AML requirements, ensuring compliance across various tools and products on the platform. 2. **Financial transparency from CeFi**\ Users will be able to track key financial indicators of the platform and verify transactions affecting balances, linked to on-chain transactions. We plan to integrate blockchain protocols to audit this data.
In the future, we plan to create a mechanism that ensures full financial transparency of our CeFi platform by hashing accounting data and recording it on the blockchain. This will allow users to verify the platform’s financial health at any time. This approach eliminates the possibility of hiding cash flow gaps, actual strategy yields, or commission streams. Discussions are underway that network validators maintaining the availability of this data will be rewarded with EarnPark tokens. 3. **Openness from DeFi**\ Initially, we will begin by disclosing the platform's DeFi wallets, allowing users to track and verify the security of funds in strategies through public blockchains. This will provide the first level of transparency and introduce basic DeFi strategies.
Moving forward, we plan to integrate smart contracts to automate the execution of strategies and asset management. This will simplify processes for users and ensure transparency in operations without intermediaries. Thus, we will address the issue of transparency and trust through both a gradual transition from a centralized model to a decentralized one and by ensuring maximum transparency for our clients. EarnPark will provide investors with transparent, reliable, and diversified investment solutions, combining CeFi and DeFi with a competitive reward structure. # Business Model Our revenue model is clear and straightforward. We have three main revenue categories: 1. **Management and performance fees**\ By providing investment solutions to the community, we receive a fair share of management and performance fees. These fees are directly tied to the returns generated for users, ensuring that both parties benefit from successful strategies. 2. **Transaction fees**\ By offering investment services, we will earn transaction fees on activities such as the purchase and exchange of cryptocurrencies. This revenue stream has yet to be implemented. 3. **Financial products**\ In the future, we plan to introduce various proprietary fintech products as part of the launch of our web3 product for everyday use. One of the first additional products will be lending.
EarnPark20242025202620272028
Uniq Users130,356323,795802,6712,733,0928,544,241
Uniq Regs12,64962,909142,815355,995951,128
Uniq Clients2,0565,10012,64257,395134,572
TVL / AUM14,472,18540,445,164104,331,263394,233,9061,074,096,996
Revenue569,8892,928,6238,506,75329,403,71788,669,432
ARR911,7494,588,34812,697,86347,883,345131,882,247
To forecast these revenues, we utilized a simple statistical model and a growth projection based on earnings from investment strategies and performance fees. # Platform Overview # Ecosystem ### Key Use Cases **Access to complex investment strategies:** The platform provides users with easy access to a variety of investment strategies across both CeFi and DeFi. Users can choose existing strategies that match their risk level, financial goals, and objectives. **Automation of the investment process:** At the core of the platform are algorithms, smart contracts, and strategy management tools that execute the chosen strategies. This frees users from manually managing investments and monitoring the market. **Optimization of gas fees:** We reduce transaction costs by aggregating user resources, making participation in CeFi/DeFi more accessible and efficient. **Purchasing and exchanging crypto assets:** The platform collaborates with market leaders to offer users the ability to buy, exchange, and manage crypto assets. This adds an extra level of convenience for users who want to enter and exit strategies without complicated technical processes. ### Customers Our clients are digital asset holders interested in investing in digital assets and growing their capital, but who may lack the technical expertise or resources to implement complex strategies. Our platform simplifies and automates this process, removing barriers to entry. **Additional customer segments:** * Investment funds: Funds looking to diversify their portfolios and increase their share of digital assets through trust management. * Asset managers: Managers who want to place their own strategies and attract additional liquidity through the EarnPark platform. ### Key Stakeholders **Platform users:** Investors selecting strategies to earn returns. **Professional managers:** Teams developing profitable strategies in the digital asset market. **Protocol developers:** Liquidity providers and strategy creators whose solutions are used on the platform. **Platform token investors:** Those interested in the growth of the EarnPark ecosystem and earning returns on their investments. **Why they will choose us:** We offer access to the best investment opportunities in CeFi/DeFi, transparency, and the chance to benefit from the ecosystem’s growth, which is attractive to all stakeholders. # Strategies Strategies on the platform are the key products that generate returns for clients. The main parameters of each strategy are **risk**, **return**, and **track record**. We create strategies with various risk profiles that offer some of the best returns on the market. This is achieved through the diversification of instruments, software, and algorithmic trading methods. **Profit always correlates with risk!** We do not claim that our strategies are risk-free, but we strive to minimize risks as much as possible. For the user, this essentially means they transfer the risk of the crypto market to us, relying on our team to manage these risks better than the average investor. Our investment team consists of experts who are constantly developing, testing, managing positions, and seeking new opportunities. Do not trust those who promise returns without risk. Only invest the amount you are comfortable with, given your confidence in the tool. Don’t trust blindly—verify and diversify! ### Additional strategy parameters: * Withdrawals and availability: Anytime or delayed. * Payout frequency: Daily, weekly, or monthly. * Locks: 3, 6, or 12 months (not yet implemented). * Reward currency: Native (until other options are implemented). The platform is designed to accommodate any strategy in a marketplace format. However, our goal is not the maximum number of strategies, but their reliability, long track records, and collaboration with qualified professional providers. To minimize risks, strategies are executed exclusively on EarnPark accounts or wallets. ### Types of strategies on the platform: * DeFi and CeFi: Some DeFi strategies may use CeFi tools to hedge positions. * Algo and LP (Liquidity Providing): In liquidity-providing strategies, algorithms can also be used to balance positions. * EarnPark proprietary strategies and strategies from partner hedge funds and managers. ### Examples of strategies on the platform: **Market Making strategy** * Expected APY: 5%-10% * Risk Level: Low (delta-neutral strategy) * Type: Algo, CEX, EarnPark strategy
The Market Making strategy involves providing liquidity to cryptocurrency markets. It is based on continuously placing buy and sell orders, narrowing the spread, and ensuring available orders for traders. We profit from the difference between the buy and sell prices through fully automated algorithms that have been operational since 2017 on centralized exchanges (CEX) such as Binance. **Delta Safe strategy** * Expected APY: 15% * Risk Level: Low/Medium * Type: Algo, CEX, Partner strategy Delta+1 statistical arbitrage strategy, which maintains a delta-neutral position and minimizes market risks by using unique algorithms. The strategy takes advantage of price gaps between futures on OKX and spot markets on Binance. **Algo Trend strategy** * Expected APY: 15%-30% * Risk Level: High * Type: Algo, CEX, Partner strategy Fully automated trading, optimized using historical data. The strategy uses a cascading trading method, triggering trades when price ranges are breached. **Liquidity Providing strategy** * Expected APY: 10%-20% * Risk Level: Low * Type: LP, DeFi, EarnPark strategy
We provide liquidity on DeFi platforms, earning fees from transactions. We use decentralized exchanges, cross-chain bridges, and aggregation platforms such as Uniswap, Aave, sBridge, and others. **DeFi strategy** * Expected APY: 15%-20% * Risk Level: Medium * Type: LP, DeFi, EarnPark strategy This strategy utilizes DeFi opportunities such as lending, staking, looping, and yield farming to maximize returns. **Bonds strategy** * Expected APY: 15%+ * Risk Level: High * Type: LP, DeFi, EarnPark strategy We provide liquidity on decentralized exchanges in stablecoins like USDT and earn fees from lending to traders. # Structure ### Back Office 1. Asset management and accounting system\ a. Accounting and tracking of cryptocurrency assets\ b. Creating and monitoring transactions on wallets and exchanges 2. Administration\ a. Managing documentation and reporting\ b. Managing investor, administrator, and credit manager profiles\ c. Processing and signing off on large transactions, requesting and preparing funds for withdrawals\ d. Replenishment and internal transaction accounting between commission/service accounts 3. Regulatory compliance\ a. KYC (Know Your Customer)\ b. AML providers with cross-checks and archives\ c. Ensuring the platform’s activities comply with legal requirements\ d. Ensuring the platform’s activities comply with regulatory requirements 4. Risk management\ a. Implementing hedging strategies\ b. Evaluating and monitoring portfolio risks within the scope of strategies and current fund positions 5. Technical support\ a. Supporting managers and administrators\ b. Collaborating with technical service providers and integration partners (exchanges, DEXs, etc.)\ c. Supporting IT infrastructure 6. Analytics and monitoring\ a. Preparing regulatory reports on strategy performance and fees\ b. Monitoring the status of integration platforms and cryptocurrency market networks 7. Audit\ a. Internal regulatory and selective audits of user accounts and platform operations\ b. Preparing and providing data for external audit requests (licensing, exchanges) ### Front Office 1. Investor acquisition\ a. Marketing and promoting the platform\ b. Conducting presentations for potential investors\ c. Participating in industry events and AMA sessions 2. Client relationship management\ a. Supporting existing investors\ b. Providing information on platform performance\ c. Handling client inquiries and complaints 3. Strategies\ a. Developing and implementing investment strategies\ b. Evaluating and overseeing partner strategies\ c. Monitoring market trends and opportunities\ d. Managing portfolio liquidity\ e. Executing algorithmic trading strategies 4. Market analysis\ a. Conducting fundamental and technical analysis of crypto assets\ b. Evaluating new projects and tokens for potential investments 5. Development of new products\ a. Creating new investment products and services\ b. Researching innovative trends in the crypto industry ### Middle Office 1. R\&D\ a. Studying new technologies and protocols\ b. Developing innovative investment strategies\ c. Creating and testing trading algorithms\ d. Product development\ e. Developing the accounting and monitoring system 2. Strategic planning department and project office\ a. Developing the long-term strategy for the fund\ b. Analyzing market trends and the competitive landscape\ c. Evaluating new directions for expanding activities\ d. Project management 3. IT\ a. Developing and supporting the platform’s internal systems\ b. Ensuring cybersecurity\ c. Integrating with various cryptocurrency platforms 4. Legal function\ a. Legal support for platform activities\ b. Drafting and reviewing contracts\ c. Monitoring legislative changes 5. Compliance\ a. Ensuring the platform’s activities comply with regulatory requirements\ b. Developing and implementing internal policies and procedures\ c. Conducting internal audits 6. Financial function\ a. Financial planning and budgeting\ b. Managing platform liquidity\ c. Preparing financial reports 7. Human Resources 8. PR & Marketing\ a. Building and maintaining the platform’s brand\ b. Interacting with the media\ c. Managing crisis communications and social media # Architecture
# Go-to-market EarnPark is a functioning product with thousands of users and stable returns that have been generated over the past two years. This experience has allowed us to test various marketing approaches and traffic sources, as well as identify successful and unsuccessful launches. Based on this experience, we have focused on several key areas that have proven their effectiveness. To ensure a successful market entry, we are utilizing the following approaches and strategies: **Incentivizing marketing activities.** During the token launch phase, we will leverage mechanisms to incentivize marketing activities. This includes attracting users through reward campaigns, loyalty programs, and special offers for early participants. This approach helps build a core community and drives active user base growth. **Affiliate & influencer partners.** We attract traffic partners through a revenue-sharing model, which is more appealing to partners than traditional fixed-payment models per user acquisition. This approach helps EarnPark effectively compete with other platforms that offer less flexible terms for affiliate partners and influencers. Revenue-sharing based on attracted liquidity creates more mutually beneficial and sustainable partnerships. **SEO & AI optimization.** We focus on growth by targeting low-frequency queries with high user intent. Our strategy is optimized for AI-powered search engines like Perplexity and Google. We actively create content and mini-products that consistently rank highly in search results. This work has already led to up to 10,000 visits per month, with 90% of the traffic coming organically, and over 40% being non-brand traffic. **App Store launch.** We plan to strategically expand our presence in the App Store, leveraging the successful experience of competitors who gained significant mobile traffic in the previous cycle. This will allow us to broaden access to mobile users and increase engagement through convenient mobile apps. This comprehensive approach will enable EarnPark not only to effectively enter new markets but also to significantly strengthen its presence in existing ones, using proven marketing strategies and cutting-edge promotional tools. # RoadMap EarnPark plans to achieve its primary goal of capital growth and expand platform functionality through a series of development stages. In the initial phase, we are focused on the following key initiatives: **Mobile applications:** Ensuring convenient and fast access to the platform via mobile devices, which will significantly improve user experience and broaden accessibility. **Swap functionality:** Introducing the ability to rebalance portfolios through swaps, allowing users to hold assets on the platform without withdrawing funds. This will enhance asset management flexibility and improve user retention on the platform. **New assets and strategies:** Continuously expanding the range of available assets and introducing investment strategies with a focus on a smooth transition to DeFi. This will allow users to maximize returns by utilizing a combination of CeFi and DeFi tools. **Deposit locks and portfolio analysis:** Adding functionality for locked deposits and portfolio analysis tools to optimize investment strategies in line with users' individual financial goals. **Token integration:** Alongside platform development, the platform will gradually implement and integrate mechanics for using the PARK token within the ecosystem, starting with APY Boost and evolving into more complex risk management and fee-related functions. Once the key components are implemented, the platform aims to introduce additional banking and DeFi tools to create a comprehensive web3 fintech product that can be used by users in their daily lives. ### Among the key features: **Savings account with up to 5% yield:** Users will be able to earn interest on their balance by leveraging a hybrid CeFi and DeFi system. **Borrowing tools:** Introducing a lending product to extend the functionality of the platform, giving users the ability to manage capital through borrowing. **Self-custody wallets:** Implementing wallets for self-managed asset storage, providing users with full control over their funds and security. This is a key vector in the platform’s move towards decentralization. ### Stages and timelines: **Phase 1** (Q4'24): Legal structure for token sale **Phase 2** (Q4'24): PARK Lounge launch **Phase 3** (Q1'25): Mobile Apps for iOS and Android (v.1) **Phase 4** (Q2'25): Token Sale (Tier 1-2) & Token mining **Phase 5** (Q2'25): Portfolio analytics v.1 **Phase 6** (Q3'25): Transaction history **Phase 7** (Q3'25): Proof of Reserves **Phase 8** (Q4’25): DeFi IL Mitigation Protocol (MVP) **Phase 9** (Q4’25): Token staking **Phase 10** (Q4'25): Token Sale (Tier 3) **Phase 11** (Q1'26): Token Sale (Tier 4) **Phase 12** (Q2'26): Token Sale (Tier 5, 6) & Yield Boost mechanics **Phase 13** (Q2'26): TGE & Token listing **Phase 14** (Q2'26): On-Chain Strategy Access via Wallet-Connect (v.1) **Phase 15** (Q2'26): Discounts on fees via token **Phase 16** (Q2’26): AI Agents v.1 **Phase 17** (Q2'26): Al Investment Assistant **Phase 18** (Q2'26): Debit Cards **Phase 19** (Q3'26): Governance **Phase 20**(Q4'26): DeFi (v.2) **Phase 21** (Y'27): US Market Entry Note: The roadmap may be adjusted based on the results of the token sale. These steps will position EarnPark as a versatile platform for managing digital assets, where users can not only generate returns but also effectively manage risk and leverage cutting-edge CeFi and DeFi tools. # Team Since entering the cryptocurrency market in 2017, our team has focused on helping clients grow their assets by leveraging the opportunities within the crypto economy. We started with a delta-neutral market strategy that is independent of position values. In 2022, we became a qualified market maker on Binance, ranking among the top 100 liquidity providers. In the same year, we founded the company and began developing the platform. By early 2023, we launched the first version of our product for users. Our commitment to innovation and the high level of trust from our clients have been key factors in our success. ### Team members:
**Eugene Kuznetsov** ([LinkedIn](https://www.linkedin.com/in/netso/)) — CEO and Co-Founder. Founder and former CEO of a leading digital agency working with international clients like P\&G, Philip Morris, and Uber. He has extensive experience in product development and startup marketing, including in the crypto space. A blockchain enthusiast and investor since 2015, Eugene is actively involved in venture projects. **Nick Nazmov** ([LinkedIn](https://www.linkedin.com/in/nnazmov/)) — Fund Manager and Co-Founder. A qualified market maker on Binance with over $15B in trading volume over the past 5 years. With more than 10 years of experience in developing algorithmic trading strategies in currency markets, Nick holds a relevant degree in mathematical analysis of financial markets. He is the creator of successful mobile apps with over 30 million downloads. Nick is an expert in Solidity development. **Aaron Horwitz** ([LinkedIn](https://www.linkedin.com/in/aarhorwitz/)) — CTO and Architect. Former lead engineer at ZoomInfo and senior architect at IBM, Aaron brings extensive experience working on high-load projects. He is an expert in enterprise development with a strong background in FinTech and SocialTech. Aaron has successfully led multimillion-dollar projects for some of the largest banks. ### Extended team: +4 engineers with experience at IBM and PwC, possessing strong technical expertise. +2 product specialists with backgrounds at Mercuryo, PayQR, and Sber. +2 marketers who previously worked at Mercuryo, Margex, and CS.Money. +1 legal expert, a licensed attorney in multiple countries, with a PhD in law from the University of Pennsylvania, USA, and a degree with honors in international law. ### Why our team? Our team brings not only extensive experience in startups and marketing but also deep expertise in developing investment strategies and securing funding. We are committed to building a platform with billions in liquidity and sustainable growth, combining our knowledge of both CeFi and DeFi. We have assembled an international team whose members have previously worked at leading companies like IBM, PwC, ZoomInfo, Mercuryo, Margex, and CS.Money. We are participants in renowned programs such as AWS Activate, Google for Startups Accelerator, and Microsoft for Startups Founders Hub. # Legal Aspects Regulatory information To ensure compliance with global and local regulations, EarnPark is structured in the UK and has a subsidiary in the BVI. We maintain a comprehensive set of policies and documents available on our website, outlining our commitments to transparency, security, and ethical operations across all jurisdictions in which we operate. EARNPARK PLATFORM LLP is registered in the United Kingdom as a limited liability partnership (LLP) responsible for managing the company’s assets. Incorporation Details: LLP № OC442773 The primary source of funding for the company comes from capital contributions made by our limited partners, in accordance with limited partnership agreements that each partner signs when registering on the platform. These funds are pooled and managed according to our investment strategies. The company’s activities are overseen by the U.S. Securities and Exchange Commission (SEC), ensuring full regulatory compliance and minimizing legal risks for the company and its investors. Reference number: 021-473156 To maintain flexibility and take advantage of a broad range of jurisdictional tools and operational opportunities (including exchanges and brokers) in the face of changing industry regulations, EarnPark has a subsidiary in the British Virgin Islands (BVI), Earnpark Limited. This subsidiary operates under British law, allowing platform clients to be managed by either entity depending on the accounts and strategies in which they are participating. Company number: 2149760 # Conclusion The digital asset market, now valued in the trillions of dollars, is experiencing rapid growth. Within this expansive market, the serviceable obtainable market (SOM) is estimated at $60 billion. The events of 2022 highlighted major issues in financial transparency, underscoring the need for solutions that are both secure and reliable. As trust in traditional financial institutions continues to decline, demand for decentralized, innovative platforms like EarnPark is rising significantly. At EarnPark, we have assembled a talented and experienced team with over 10 years of expertise in technology and business. The core members of our team have been working together for more than a decade, and 80% of the team consists of engineers who have successfully launched both successful and unsuccessful startups. We are proud to be ranked among the top 100 qualified market makers on Binance, a reflection of the credibility we have built in the crypto space. With a working product that is already delivering results and a fully compliant business model, we have been generating revenue from clients across various countries since our launch. Our token is designed to meet the needs of both businesses and users, giving early users the opportunity to benefit from the platform’s growth and success. To achieve our ambitious goals within five years, rather than ten, and to be prepared for the next market growth cycle and wave of new users, we are conducting a Token Sale. These funds will accelerate development and growth. The project founders have already invested their own funds to build the company and develop the first version of the product, demonstrating our commitment. While we are determined to continue developing the product, external support will significantly speed up the process and allow us to deliver on our vision much faster. We are looking for early contributors, angel investors, and strategic partners who understand the market, share our vision, and are ready to join us in shaping the future of digital finance. For example, in our market-making model, we borrow funds from users, not Binance, allowing us to avoid paying fees to the exchange and instead support our community. We invite you to be part of this journey, as we build a transparent and innovative platform for the next generation of digital financial solutions. Email: Website: # Abstract corp\@earnpark.com ## EarnPark: next-gen transparent earn interest platform EarnPark is a platform designed for retail investors. It allows users to earn interest on digital assets through a hybrid CeDeFi approach that combines the convenience of CeFi with the transparency of DeFi. We provide users with tailored strategies based on their risk profile while maintaining a high level of trust and transparency. The platform addresses the growing demand for simple and effective financial solutions in the Web3 space, offering reliable and flexible tools. Despite the volatility of the crypto market, EarnPark aims to be a secure and accessible platform for the long-term growth of retail investors’ assets. # WhitePaper Versions December 01, 2024: Initial version.\ January 22, 2025: Updated after legal review & small corrections.\ March 25, 2025: Roadmap timing update and token mechanics clarification.\ May 08, 2025: Investor Tiers updated and TGE timeline revised.\ July 28, 2025: Investor Tiers revised — Initial Circulation Supply reduced—removed lock-up for the Liquidity Pool allocation.\ July 30, 2025: Roadmap milestones updated.\ July 31, 2025: Liquidity-mining updated: zone APY caps & placeholder risk coefficient for launch.\ September 18, 2025: Tier 3 reduced (rebalanced to Tiers 4–6).\ October 21, 2025: Roadmap milestones updated.\ November 14, 2025: Tier 4-5 allocations rebalanced.\ November 25, 2025: Roadmap milestones updated.\ January 27, 2026: Token status updated to utility.\ May 19, 2026: Tier 6 and treasury allocations rebalanced. Transparency Through Blockchain replaced with EarnPark On-Chain Architecture Section.\ June 11, 2026: Smart Contract Address added. # WhitePaper Summary

Disclaimer		This document is intended solely for informational purposes and should not be considered financial advice. Investing in cryptocurrencies involves intrinsic risks.
OverviewProject Name: EarnPark
Token: PARK (Ticker: PARK)
Token Type: Utility
Total Supply: 1,000,000,000 tokens
Initial Price: $0.01 per token (Token Sale Tier 1)
EarnPark PlatformFounded: 2022
Headquarters: London, United Kingdom
Services: Interest accounts (yield-generating strategies, liquidity provision), swap (via 3d-party provider), buy (via 3d-party provider), crypto-backed loans (upcoming).
Compliance: U.S. notice-filed
Token IssuerEARNPARK PLATFORM LLP, UK
Token Details

Symbol: PARK
Initial Circulating Supply: 549,711 PARK tokens
Decimals: 6
Smart Contract Address: 0xbc6829B26f0Bed03239E016ff11009c188844a8E
Blockchain Platform: BNB Smart Chain
Token Standard: ERC-20 (BEP-20 compatible)

Minting Mechanism: Fixed Supply, pre-minted

Utility and BenefitsLiquidity Mining: Rewards in PARK tokens for participating in platform services, with incentives for early and long-term contributors.
Yield Boost: Boosted rewards by staking PARK tokens.Fee Reductions: Up to 30% fee reductions by using PARK tokens to cover platform fees.
Governance: PARK holders can engage in platform governance, voting on updates, changes, and new strategies.
Advanced Utility: Rewards for competitions, access to premium features, and validator rewards for network participants contributing to platform transparency (in the long term).
TokenomicsInvestors: 19,77% (195,069,335 tokens)
Community: 40% (400,000,000 tokens)
Core contributors: 22% (220,000,000 tokens)
Partnerships: 3% (30,000,000 tokens)
Liquidity Pool: 6% (60,000,000 tokens)
Treasury: 9.23% (94 930 665 tokens)
Roadmap

EarnPark’s tentative roadmap for the token launch:
Phase 1 (Q4'24): Legal structure for token sale

Phase 2 (Q4'24): PARK Lounge launch

Phase 3 (Q1'25): Mobile Apps for iOS and Android (v.1)

Phase 4 (Q2'25): Token Sale (Tier 1-2) & Token mining

Phase 5 (Q2'25): Portfolio analytics v.1

Phase 6 (Q3'25): Transaction history

Phase 7 (Q3'25): Proof of Reserves

Phase 8 (Q4’25): DeFi IL Mitigation Protocol (MVP)

Phase 9 (Q4’25): Token staking

Phase 10 (Q4'25): Token Sale (Tier 3)

Phase 11 (Q1'26): Token Sale (Tier 4-5) & Yield Boost mechanics

Phase 12 (Q2'26): TGE & Token listing

Phase 13 (Q2'26): Discounts on fees via token

Phase 14 (Q2'26): On-Chain Strategy Access via Wallet-Connect (v.1)

Phase 15 (Q2’26): AI Agents v.1

Phase 16 (Q2'26): Al Investment Assistant

Phase 17 (Q2'26): Debit Cards

Phase 18 (Q3'26): Governance

Phase 19 (Q4'26): DeFi (v.2)

Phase 20 (Y'27): US Market Entry

RisksCrypto-Asset Risks: Market volatility, regulatory changes, security breaches.
Issuer-Related Risks: New venture uncertainties, user attraction challenges.
Technological Risks: Smart contract vulnerabilities, no insurance coverage.
Other Risks: Liquidity, adoption, operational management, competition, economic conditions, and token lock-in periods.
# PARK Token We are introducing the PARK token to engage with the community. This token generates additional income and provides utility and benefits to its holders, especially for early participants. ### Token Strategy #### For businesses: * Provides resources for platform development and stimulates liquidity growth, translating into revenue. * Serves as a tool for rewards in marketing programs and loyalty initiatives. * Incentivizes economic roles within EarnPark’s ecosystem (e.g., validators or oracles), aligning with the move toward blockchain transparency. * PARK staking will test new platform features—particularly those involving lock-up periods, multi-exchange operations, or advanced risk constraints—before rolling them out to complex, multi-component strategies in core assets. By trialing features in a controlled staking environment, EarnPark mitigates risks, refines functionality, and gathers user feedback prior to wide-scale implementation. #### For users: * Offers the opportunity to become early participants and benefit from the platform’s growth through yield boost mechanisms. * Grants the ability to participate in platform governance by voting on strategic updates and changes. * It provides access to exclusive products unavailable to a broader audience, including high-yield strategies with limited hard caps and AI-powered portfolio management agents. * Allows users holding a defined token stake to assume economic roles within the platform, earning additional rewards in PARK tokens.
# PARK Token Utility # Liquidity Mining Liquidity mining on EarnPark allows users to earn additional rewards in the form of PARK tokens for participating in platform strategies. This feature incentivizes both initial and ongoing investments, increasing user returns. **Mechanism:** Users provide liquidity to platform strategies and receive returns in both the base asset and PARK tokens, effectively increasing the overall APY. #### Liquidity Mining Formula: $$ K(lm)=K(s)∗K(z)∗K(d) $$ Where: \ K(lm) — Liquidity mining booster, \ K(s) — Strategy boost, \ K(z) — Liquidity‑Zone Coefficient,\ K(d) — Maximum Duration Multiplier. **Strategy Boost:** Reflects the strategy’s risk level. Initially, all tiers share a placeholder coefficient of 1.00 for live testing; values will be calibrated later using user engagement and performance data. Low risk: 0.01, \ Medium risk: 0.01, \ High risk: 0.01. **Liquidity-Zone Coefficient:** Sets the emission multiplier by mining phase—zones advance when platform TVL or total tokens mined hits each threshold. K(z) declines from Zone 1 to Zone 6 to slow token emissions over time and reward early liquidity provision. | Zone | Extra APY in PARK | TVL trigger, $ m | Tokens distributed, m | | ------ | ----------------- | ---------------- | --------------------- | | Zone 1 | 1.14%  |  < 20 |  10 | | Zone 2 | 6.00 % |  20 – 50 |  15 | | Zone 3 | 4.80 % |  50 – 100 |  25 | | Zone 4 | 4.60 % |  100 – 200 |  30 | | Zone 5 | 2.40 % |  200 – 500 |  35 | | Zone 6 | 1.20 % |  > 500 |  >35 | The active zone is whichever trigger—TVL limit or mined-token cap—occurs first. **Maximum Duration Multiplier:** This factor is based on how long the user’s funds remain in the strategy, with higher multipliers awarded for longer durations.
The distribution is as follows: | Duration (months) | Multiplier | | ----------------- | ---------- | | 0-1 | 0.5 | | 1-2 | 0.55 | | 2-3 | 0.6 | | 3-4 | 0.65 | | 4-5 | 0.75 | | 5-6 | 0.9 | | 6-9 | 1 | | 9-12 | 1.25 | | 12+ | 1.75 | *These variables are dynamic and can be adjusted by platform managers based on user allocation and market conditions.* # Marketing Incentives PARK Lounge is a rewards program designed to engage EarnPark community members with limited capital by encouraging participation in marketing and platform testing activities. Users earn PARK Points for completing tasks, which are later converted into PARK tokens. #### Key Objectives: * Boost platform visibility through user-driven marketing activities. * Drive audience growth by incentivizing users to share and promote EarnPark. * Foster community loyalty by rewarding active participation with PARK tokens, creating a more engaged user base. ### PARK Lounge Details | Parameter | Details | | ------------------------ | ------------------------------------------------------------------------------------------------------------------------------------------------------------- | | **Program** | PARK Lounge: Marketing Incentive Program | | **Eligibility** | All EarnPark platform users. | | **Participation Limit** | Unlimited participants | | A**llocated Rewards** | 50,000,000 PARK tokens (5% of the total supply) will be distributed proportionally to earned PARK Points. | | **Requirements** | Users must be registered on the EarnPark platform and complete tasks available in the PARK Lounge section. | | **Rewards Distribution** | Rewards are distributed at the end of the program, converting PARK Points to PARK tokens. The program end date will be announced closer to the token listing. | | **Security** | To prevent Sybil attacks, PARK Points can only be converted to tokens after KYC is completed. | | **Timeline** |

Program Start: Q4 2024.
The end date and token conversion details will be announced closer to the token listing.

| #### Retroactive Rewards PARK Lounge includes retroactive rewards for users' activities from the past two years. Users who have stayed on the platform without withdrawing funds will receive additional PARK Points for previous contributions. # Token Staking Token staking on EarnPark is designed to encourage long-term participation in the ecosystem while boosting user investment returns. The staking program allows users to lock their PARK tokens for either a flexible or fixed period, offering yields regardless of strategies participation and granting exclusive benefits. **Yield Boost:** Users can stake PARK tokens to increase their annual percentage yield (APY) across investment strategies. The longer the lock period and the larger the stake, the higher the reward. **Exclusive Access:** Staking unlocks access to premium investment products with higher returns, incentivizing long-term commitment to the platform. **Solo Staking:** Users who are not currently investing in platform strategies can still earn rewards by staking PARK tokens. This mechanism provides steady token rewards without strategy involvement. Rewards are calculated based on the formula: $$ X=(Y/Z)\*12 $$ Where: \ X — Staking APR, \ Y — Monthly rewards, \ Z — Total staked tokens EarnPark also uses staking as a testbed for future strategy features, such as implementing lock-up periods to increase yield. # Yield Boost Yield Boost on EarnPark provides a set of mechanisms to enhance returns for PARK token holders. It is a key tool for increasing overall earnings through staking and other strategies. The feature incentivizes long-term participation while offering flexibility and transparency for users to monitor and optimize their returns. By staking PARK tokens and engaging with platform strategies, users can significantly boost their Annual Percentage Yield (APY) and unlock exclusive platform benefits. The program rewards both active users and long-term contributors, fostering strategic participation and supporting EarnPark’s ecosystem growth. #### Yield Boost via Rewards Users can opt to receive returns in PARK tokens instead of native assets, which adds 1-2% to their overall yield. This feature is ideal for loyal participants and those who anticipate platform growth, as it allows EarnPark to trial token-based reward distributions. #### Fee Reductions Users can reduce transaction costs by up to 30% by paying platform fees with PARK tokens. This directly increases net returns. The fee structure will be transparently presented, ensuring users fully understand their potential savings. #### Yield Boost via Staking Users can stake PARK tokens alongside their investments to enhance their overall strategy returns (APY). The more tokens staked and the longer the lock-up period, the higher the potential yield, encouraging long-term engagement while offering additional platform benefits. #### How Yield Boost Works When users invest in a strategy, they can stake a specified amount of PARK tokens with a fixed lock-up period to boost their overall User APR. The more tokens staked, the higher the additional return percentage, making it a valuable strategy for committed users. **User APR:** $$ X​=Ymin+Ymax ​\* %K(sc​) $$ Where: \ X — APR after Yield Boost, \ Ymin — Minimum base APR without staking, \ Ymax — Maximum APR with full stake coverage, \ %K(sc) — Percentage of TVL covered by staked tokens. **Base APR:** $$ X=Y \* (1−Tf​) \* (1−Cp​) $$ Where: \ X — Base APR, \ Y — Strategy APR, \ Tf — Trader's fee (25%), \ Cp — Percentage allocated for Yield Boost pool (20%). **Yield Boost:** $$ K(y)=(( X \* K(wm) / Y) \* (1 + ( 1 - Z%)) $$ Where: \ K(y) — Yield boost coefficient, \ X — Expected profit based on TVL and strategy return, \ K(wm) — Weight multiplier, \ Y — Total assets in strategy, \ Z% — Percentage of users staking PARK tokens. **Stake Coverage:** $$ %K(sc)=(X \* K(d)) / Y $$ Where: \ %K(sc) — Stake coverage indicator for maximum yield boost, \ X — Staked tokens, \ K(d) — Duration multiplier, \ Y — Required tokens for max strategy yield boost. # Exclusive Opportunities #### High-Demand Strategies Managing $10M—$100M in assets offers different challenges than managing $1B. Currently, each strategy on the platform has a predefined capacity (Hard Cap), determined by the strategy’s logic and market liquidity depth. As liquidity grows, capacity constraints will prevent all users from participating in every strategy. #### AI Agents EarnPark’s AI Agents are cutting-edge tools exclusively available to PARK token holders. It empowers users with AI-driven analytics, personalized strategies, and real-time insights to elevate their investment experience. #### Key Potential Features of AI Agents: * Personalized investment portfolios tailored to user goals, deposit size, and risk level; * Dynamic strategy adjustments to adapt to changing market conditions; * Advanced on-chain analytics to uncover hidden trends and opportunities; * Social media sentiment tracking for identifying emerging market trends; * Predictive forecasting using historical data to optimize future strategies; * High-yield index strategies focused on specific ecosystems like Solana; * Short-term dynamic strategies optimized for high-frequency, responsive gains; * Premium insights and reports are delivered weekly, monthly, and quarterly; * Strategy Maker Bot for custom trading strategies: An AI-powered chatbot that allows users to create and execute custom trading strategies by describing them in simple terms. The bot translates these descriptions into executable code, enabling seamless deployment on EarnPark's infrastructure or integration with the user's accounts on supported trading platforms. This tool democratizes algorithmic trading, empowering users without coding skills to design and test strategies. {% hint style="info" %} The detailed implementation of this system is yet to be defined (TBD). {% endhint %} # Governance EarnPark has followed the Lean Startup approach, prioritizing product development based on continuous user feedback and iterative testing. This method reduces launch costs and accelerates development, ensuring solutions are well-aligned with user needs. Further details on the governance system and voting mechanisms will be provided later. {% hint style="info" %} These aspects remain To Be Defined (TBD). {% endhint %} # EarnPark On-Chain Architecture EarnPark is moving to a full on-chain protocol layer — **EarnPark OnChain Protocol** — on which the platform's yield strategies will run. \ The architectural principle: *one underlying — one wrapper — many strategies*, with compliance enforced at the system's boundaries and a clean separation between reserve, yield and protocol revenue. * **Boundary AML.** Compliance is enforced at mint (ingress) and cash-out (egress), not on every secondary transfer. This preserves the full on-chain utility of the asset while keeping a defensible compliance perimeter. * **Wrapper rail.** For each underlying asset the protocol issues a single freely transferable wrapper token (e.g. USDEP for USDT), fully backed by a reserve of that asset. Reserve yield accrues to the protocol as a separate revenue stream — the wrapper remains a transport layer, not a yield-bearing instrument. * **Strategy products.** Each strategy is a standalone product with its own share token, wrapped in smart contracts that hard-code the rules of capital movement: approved addresses, exposure limits, cooldowns. Capital cannot move outside the defined perimeter. Strategy access is opened through **non-custodial wallets**: the user holds wrapper and strategy share tokens directly and decides whether to stay in the clean wrapper or enter a specific strategy. Contracts are verifiable on-chain; upgrades go through timelock. Integration of the PARK token into the on-chain layer is the phase that follows protocol launch; specifics will be added in later revisions of this whitepaper. > The full architecture, economic model, risk framework and go-to-market are described in a separate document — [*EarnPark OnChain Protocol Whitepaper*](/earnpark-protocol/whitepaper-versions). # Tokenomics The EarnPark tokenomics is designed for a balanced and sustainable distribution of 1,000,000,000 PARK tokens among key participants, including token sale participants, the community, core contributors, partners, and liquidity pools.
Token Sale — 17.3% (172,668,442 tokens). \ Tokens will be distributed across multiple tiers of token sales: * Seed: 15M token amount, 7.5% initial unlock, initial unlock week: 12, 84 weeks vesting; * Tier 1: 62.5M tokens, 12.5% initial unlock, initial unlock week: 8, 24 weeks vesting; * Tier 2: 10M tokens, 12.5% initial unlock, initial unlock week: 8, 24 weeks vesting; * Tier 3: 58.5M tokens, 12.5% initial unlock, initial unlock week: 5, 24 weeks vesting; * Tier 4: 21.32M tokens, 15% initial unlock, initial unlock week: 3, 20 weeks vesting; * Tier 5: 2.8M tokens, 15% initial unlock, initial unlock week: 2, 20 weeks vesting; * Tier 6: 2.6M tokens, 17% initial unlock, initial unlock week: 1, 20 weeks vesting; **Community** — 40% (400,000,000 tokens). \ Allocated for marketing, rewards, liquidity incentives, and staking programs, this portion encourages new user growth and active participation within the ecosystem: * Marketing: 50M token amount, 0% initial unlock, vesting start week 30, 48 weeks vesting; * Incentives: 290M token amount, 5% initial unlock, initial unlock week: 25, 144 weeks vesting; * Staking: 60M token amount, 5% initial unlock, initial unlock week: 13, 96 weeks vesting; **Core Contributors** — 22% (220,000,000 tokens). \ Reserved for the founding team, contributors, and advisors, including strategic initiatives to ensure long-term commitment and platform growth: * Ecosystem fund: 200M token amount, 0% initial unlock, vesting start week 49, 144 weeks vesting; * Advisory: 20M token amount, 0% initial unlock, vesting start week 49, 96 weeks vesting; **Partnerships** — 3% (30,000,000 tokens).\ 0% initial unlock, vesting start week 25, 48 weeks vesting. Allocated for key partners, advisors, and regulatory support. **Liquidity Pool** — 6% (60,000,000 tokens).\ 100% initial unlock, no lock-up, no vesting. \ Supports liquidity on exchanges and market-making activities.\ \ **Treasury** — 9.23% (117,333,558 tokens).\ Terms to be announced.\ Could be used to support liquidity pool, staking, platform operations, and ecosystem initiatives.
Each category follows a defined vesting schedule, which prevents the market from oversaturating and promotes the platform’s sustainable growth. For example, tokens for the core team and advisors will be unlocked over 48 months, ensuring long-term involvement in the project’s development. This extended timeline also allows the token's utility features to be fully realized, supporting long-term adoption and use within the community. #### Tokenomics Audit PARK tokenomics has been independently audited by 8Blocks – a specialized tokenomics design and audit firm. \ The audit covered token supply and distribution structure, vesting schedules and unlock mechanics, sell pressure modeling, incentive and staking economics, liquidity and treasury allocation, and long-term sustainability risks.
# Token Sale EarnPark is leveraging the token sale mechanism to raise capital from the global crypto community instead of relying on traditional funding sources. This approach ensures that the platform is supported by individuals who believe in its mission and long-term growth rather than institutional investors. By involving the community directly, EarnPark aligns itself with the decentralized principles of blockchain and encourages widespread participation in its future development. PARK tokens will be available for purchase directly on the EarnPark platform and through partner launchpads, which will be announced separately. The token sale is not just about raising capital; it also serves as a key marketing tool and a way to build a strong community of early users and contributors. ### Token Details * **Project**: EarnPark — Next-gen, interest-earning App by Binance Pro Market Makers; * **Symbol**: PARK; * **Category**: Utility Token; * **Network**: BNB Smart Chain * **Standard**: ERC-20 (BEP-20 compatible) * **Par Value**: $0,01; * **Max Supply**: 1,000,000,000 PARK Tokens; * **Type of Supply**: Fixed; * **Initial Circulation Supply**: 549,711 PARK Tokens; * **Issuer**: EARNPARK PLATFORM LLP, UK-based fintech company; * **Use of Funds**: Growth of TVL, expanding the PARK community; * **Utility Features**: Yield Boost, Fee reductions, Marketing incentives, Governance participation, etc. ### Token Sale Structure EarnPark will conduct its token sale across multiple tiers, each with distinct pricing, unlock schedules, and vesting periods. This structured approach ensures a smooth introduction of tokens to the market while maintaining liquidity and reducing volatility.
TiersToken amountUSDT/ PARKRaised, USDTFDV, USDTUnlockedInitial unlock weekVesting start weekVesting, weeks
Tier 162,500,0000.010625,00010M12.5%8924
Tier 210,000,0000.010100,00010M12.5%8924
Tier 358,500,0000.013760,50013M12.5%5624
Tier 421,320,0000.015319,80015M15.0%3420
Tier 52,750,0000.01849,50020M15.0%2220
Tier 6 2,600,0000.0252,00020M17.0%1120
Tier 1 will be available first, followed by a later tier as liquidity and demand increase. Unsold tokens from any tier will be burned. Only burned tokens may be reissued in future rounds if funding is needed — the total supply will not increase. ### Soft Cap A soft cap of $250,000 is set for the EarnPark token sale. If this amount is not raised during the Tier 1 phase, all contributed assets will be refunded to the users' EarnPark wallets. Users can withdraw these funds or allocate them to other EarnPark strategies. If the soft cap is reached, the funds will be converted into PARK tokens as per the sale terms. ### Regulatory Compliance EarnPark adheres to international Anti-Money Laundering (AML) and Know Your Customer (KYC) regulations to protect user assets and ensure compliance with regulatory frameworks. We collaborate with trusted providers to secure user data and maintain platform integrity. At present, EarnPark does not provide services to residents of the U.S. or U.K. due to additional regulatory requirements. The platform also restricts services to residents of countries under international sanctions or financial restrictions. ### KYC Procedure All EarnPark users are required to undergo KYC verification once their balance reaches $5,000. Until a user surpasses this threshold, they are free to utilize all platform features, including purchasing PARK tokens. However, accounts exceeding this balance will be restricted until KYC is completed, though users will still be able to withdraw funds from the platform. ### Use of Funds The funds raised through the token sale will be allocated to the following key areas: * **Marketing (30%)**: A significant portion will be allocated to promoting the platform and acquiring new users. * **Research & Development (40%)**: Funds will support the development of new products and platform enhancements, including resources for researching, designing, and integrating new investment strategies, strengthening the investment team, and improving asset management strategies. * **General & Administrative (10%)**: This covers operational expenses and general administrative needs. * **Legal & Compliance (10%)**: Ensuring ongoing regulatory compliance and legal infrastructure. * **Market Making (10%)**: Support for liquidity provision and maintaining healthy token trading volumes on secondary markets. This allocation applies to funds raised during Tier 1-2. Most funds from subsequent tiers will be reinvested in marketing to drive user growth and increase TVL (Total Value Locked). This will further ensure the growth and expansion of the EarnPark ecosystem. ### Key Performance Metrics Key performance indicators for the EarnPark ecosystem will focus on the Total Value Locked (TVL), which reflects users' trust and the amount of funds allocated to the platform’s strategies. Other important metrics include network activities, such as the number of active users, transaction volume, and token distribution. These metrics will gauge platform usage, user growth, and engagement within the EarnPark ecosystem. # Technology This section outlines the technical specifications, distribution mechanisms, and operational features of the PARK token, as well as the supporting contracts essential for maintaining its on-chain ecosystem.
ParameterDetails
Network Infrastructure
  • Network: BNB Smart Chain
  • Standard: ERC-20 (BEP-20 compatible)
Token Contract Functions

mint(address to, uint256 amount): Allows minting new tokens to a specified address, only callable by the contract owner.

setTotalSupply(uint256 newTotalSupply): Adjusts the total token supply, only callable by the owner.

burn(uint256 amount): Allows users to burn tokens, reducing the total supply.

Initial Token Issuance

All tokens will be minted initially and distributed across multiple wallets corresponding to their allocation pools (e.g., Investors, Community). Wallet addresses are TBA.

Multi-signature and access control mechanisms based on Fireblocks will manage wallets, ensuring secure processing of transfer transactions and execution of other smart contract methods after tokens are minted.

Key Addresses



Investors (Seed, Tier 1-6): TBA

Liquidity Pool/MM: TBA

Partnerships: TBA

Core Contributors: TBA

Community Programs (e.g., Marketing, Staking): TBA

Minting Key DestructionAfter initial issuance, minting keys will be destroyed to prevent future minting and unauthorized manipulations of the token supply.
Lock-up and Vesting Contracts

Tokens distributed to pools (Investors, Team, etc.) will be locked in smart contracts using the Sablier service according to specific vesting schedules. Each pool will have unique locking and unlocking parameters, and the vesting process will be managed in real time via the Sablier protocol.

Contract source:

TBA

Lock Contract Addresses

The list of lock contracts for each token pool will be published upon token launch, ensuring transparency and accountability in the distribution process. These contracts secure tokens and release them only according to the predefined vesting schedule.
Investors Seed (Pre-activation & Working Pool): TBA

Investors Tier 1 (Pre-activation & Working Pool): TBA

Investors Tier 2 (Pre-activation & Working Pool): TBA

Investors Tier 3 (Pre-activation & Working Pool): TBA

Investors Tier 4 (Pre-activation & Working Pool): TBA

Investors Tier 5 (Pre-activation & Working Pool): TBA

Liquidity Pool (Working Pool): TBA

Partnerships (Working Pool): TBA

Core Contributors: Team (Working Pool): TBA

Core Contributors: Advisory (Working Pool): TBA

Community: Marketing/Retrodrop (Working Pool): TBA

Community: Liquidity Incentives (Working Pool): TBA

Community: Staking (Pre-activation & Working Pool): TBA

Token Distribution

Distribution: Token distribution will occur through the Sablier platform, which will automate the transfer of tokens according to the vesting schedule set for each group, as described in the tokenomics section.

Real-Time Tracking: The Sablier streaming protocol allows participants to track token distributions in real-time, ensuring full transparency.

Token Claims: Tokens will be available for the recipient to claim after the specified unlocking period, according to the individual vesting schedule. Depending on the platform, tokens will either be transferred automatically or require the recipient to manually claim them.

If the user purchases tokens through the launchpad, their wallet address will be specified in Sablier. If the purchase was made on the EarnPark platform, the centralized address of the EarnPark platform will be specified in Sablier, from which tokens will be subsequently distributed to users' wallets.

This structured overview of EarnPark’s technology infrastructure ensures a secure, transparent, and fully auditable token ecosystem, protecting user trust and platform integrity. # Legal # Regulatory Information EarnPark operates through a corporate group comprising a UK-incorporated platform partnership and a related company incorporated in the British Virgin Islands. \ EarnPark Platform LLP is registered in the United Kingdom as a limited liability partnership and operates the EarnPark platform. It is the issuer of the PARK token and mints the token on-chain. Incorporation details: LLP No. OC442773. \ Earnpark Limited, incorporated in the British Virgin Islands (Company Number 2149760), operates in accordance with the laws of the BVI. It acts as the distributor of, and contracting party for, the PARK tokens offered through the token sale, and supports engagement with a broad range of exchanges and trading venues. \ **United States.** As part of our commitment to transparency, EarnPark has voluntarily made a notice filing with the U.S. Securities and Exchange Commission (Form D) in connection with the token sale. This filing reflects our preference to be open with regulators rather than operate quietly. Please note that a notice filing is a disclosure to the SEC; it is not a registration, approval, endorsement, or review by the SEC, and the SEC has not passed upon this offering or any statement made about it. SEC filing reference. The PARK token sale is not available to U.S. persons. # Token Legal Structure PARK is intended to function as a utility token, providing access to features of the EarnPark platform rather than representing equity, debt, or a claim on the revenues or assets of any EarnPark entity. \ The token is minted by EarnPark Platform LLP (UK) and distributed through Earnpark Limited (BVI), which acts as the contracting party for the token sale.\ \ The PARK token sale is not available to U.S. persons.\ \ EarnPark is not established in the EU and is not subject to the Markets in Crypto-Assets Regulation (MiCA), but aims to align with the standards MiCA is expected to set. Its approach is also informed by the UK Financial Conduct Authority's October 2023 [report on the future regulatory regime for cryptoassets](https://assets.publishing.service.gov.uk/media/653bd1a180884d0013f71cca/Future_financial_services_regulatory_regime_for_cryptoassets_RESPONSE.pdf).\ \ Please note that EarnPark Platform LLP has made a notice filing with the U.S. Securities and Exchange Commission (SEC) on Form D under Regulation D, in connection with raising equity capital from its limited partners. \ This filing does not relate to the PARK token, the token sale, or any token holder. The PARK token is not the subject of this or any other SEC filing. \ For further information, please visit [Regulatory Information](https://docs.earnpark.com/token-whitepaper/legal/regulatory-information) section.\
# Risks Overview EarnPark acknowledges the various risks associated with blockchain projects, including technical, market, and regulatory challenges. We address these risks through robust AML (Anti-Money Laundering) and KYC (Know Your Customer) measures to ensure security and compliance. {% hint style="info" %} Disclaimer: This document is not financial, legal, or tax advice. Users should seek professional guidance and assume full responsibility for their financial decisions. {% endhint %} ### Issuer-Related Risks **No Guarantee of Success:** EarnPark is a new platform with limited operational history, and there is no assurance it will generate sufficient revenue to sustain operations or achieve long-term success. The platform faces challenges inherent to any startup, including market volatility, competition, and regulatory uncertainty. While EarnPark is committed to growing its user base and expanding its services, success is not guaranteed, and early investors should be aware of the inherent risks associated with new ventures. **User Growth and Retention Risk:** The platform's success depends on its ability to attract and retain users. EarnPark cannot guarantee that It will be able to maintain user engagement or meet changing consumer preferences. Failure to innovate, address privacy and security concerns, or comply with emerging regulations could negatively impact user growth, retention, and overall platform success. **Conflicts of Interest:** EarnPark's management team and contributors may be committed to other projects, limiting their time dedicated to the platform. This could impact their ability to oversee operations and development, potentially delaying key initiatives and reducing overall efficiency. **Intellectual Property (IP) Risks:** Although EarnPark aims to respect intellectual property laws, third parties could claim infringement of their IP rights. Any legal challenges may result in significant costs, delays, or the need to alter product features, potentially affecting the platform’s operations and financial position. ### Token Offering-Related Risks **Token Generation Event (TGE) Risks:** The TGE process, while commonly used, carries certain risks. There is no guarantee that the PARK token will be successfully utilized post-TGE or that the platform will perform as expected. Vulnerabilities in smart contracts or unforeseen technical issues could lead to token value depreciation or losses for participants. Despite diligent efforts to ensure security, participants should be aware of the inherent risks. **Higher Risk for Early Purchasers:** Due to the speculative nature of early-stage investments, early participants in the PARK token sale face higher risks. If the platform fails to raise sufficient funds or if liquidity does not develop, early investors may experience greater volatility and higher chances of loss. **Technological Risks:** The PARK token operates on a blockchain platform, exposing it to technological risks, including bugs, software vulnerabilities, and security breaches. Hacks, technical failures, or flaws in the underlying smart contracts could result in the loss of user funds and undermine confidence in the platform. **No Insurance Available:** EarnPark does not offer insurance coverage for token purchases or funds held on the platform. In the event of a hack or smart contract failure, there is no guarantee of reimbursement. Users must be aware of the absence of insurance and the potential risks associated with unprotected digital assets. ### Crypto-Asset Related Risks **Market Volatility:** The cryptocurrency market is highly volatile, and the value of the PARK token may fluctuate dramatically due to market conditions, regulatory changes, or macroeconomic factors. Participants should be aware that they may lose part or all of their investment as a result of market downturns or price swings. **Unrealistic Expectations:** Some investors may have unrealistic expectations about returns, particularly given the historical volatility of crypto assets. Negative sentiment from influential market participants could lead to fear and uncertainty, which could reduce demand for the PARK token and negatively impact its value. **Value Dependency on Platform Adoption:** The value of the PARK token is tied to the successful launch, adoption, and growth of the EarnPark platform. If the platform fails to attract users or generate sufficient liquidity, the token may lack utility and market value. Additionally, external factors such as market competition or shifts in consumer preferences could further impact the token's long-term viability. ### Project Implementation Risks **Regulatory Risk:** The platform's operations depend on compliance with international and local regulations, which are subject to change. Regulatory shifts, especially in the jurisdictions in which EarnPark operates, could restrict the platform or reduce the value and liquidity of the PARK token. These changes could also limit access to key markets or affect the platform’s functionality. **Security Risks:** As with any digital asset platform, EarnPark is vulnerable to security threats such as hacking, theft, or unauthorized access. Although security measures are in place, no system is completely immune to cyberattacks. A breach could result in the loss of funds or a compromise of the platform's operations. **Liquidity Risk:** The PARK token may experience periods of limited liquidity, making it difficult for users to buy or sell tokens at desired prices. Low liquidity increases price volatility and may result in larger-than-expected losses if tokens are sold under unfavorable market conditions. **Adoption Risk:** The platform's success depends on the broad adoption of the PARK token. If EarnPark fails to attract sufficient users or market share, the token’s value and utility may be limited. Competing platforms offering similar services may also impact adoption rates. **Operational Risks:** EarnPark faces risks associated with managing the platform day to day, including potential downtime, service disruptions, or technical issues. These operational challenges could negatively impact user experience and affect the platform’s ability to scale. **Competition Risk:** The emergence of competing platforms may reduce demand for EarnPark’s services and the PARK token. Competitors offering similar or superior products may attract users, decreasing EarnPark’s market share and potentially leading to a loss of token value. **Economic Risk:** Broader economic conditions and trends in global financial markets may impact the demand for the PARK token and the platform’s services. Inflation, interest rate changes, or economic downturns could influence investor behavior and reduce liquidity. **Lock-in Risk:** Some platform strategies may require users to lock tokens for extended periods to receive maximum rewards. While this encourages long-term participation, it may limit user flexibility and reduce liquidity for token holders who require access to their funds before the lock-in period ends. # WhitePaper Versions May 19, 2026: First publication # WhitePaper – Abstract ## What is EarnPark On-Chain Protocol Modular infrastructure for freely transferable wrapper tokens, boundary AML, productive reserve layer, and multiple yield strategies on top of a single asset series. {% hint style="info" %} **Key idea**\ One wrapper per one underlying asset. Multiple strategies on top of that wrapper. Compliance at the system's boundaries. User yield in strategy products. {% endhint %} {% hint style="info" %} **Product thesis**\ EarnPark is building not a standalone vault, but a foundational clean asset rail around which a lineup of investment products can be scaled. {% endhint %} ## WhitePaper Status {% hint style="warning" %} This document describes the product and investment logic of EarnPark On-Chain Protocol. \ It does not constitute a legal offer, securities offering, or yield guarantee. Parameters for yield, fees, limits, reserves, and compliance policies are configurable and must be accompanied by independent audit, risk controls, and governance procedures. {% endhint %} # WhitePaper Executive Summary EarnPark On-Chain Protocol is infrastructure for issuing freely transferable wrapper tokens for individual underlying assets and launching multiple yield products on top of each such wrapper. The system is divided into two layers. \ The first layer is the **wrapper rail**. For each underlying asset, a single wrapper token is created. For example, for the USDT series this may be USDEP, for the WETH series — ETHEP, for the WBNB series — BNBEP. The user deposits the underlying asset through an AML-gated entry, receives the wrapper, and can freely hold, transfer, or use it within the ecosystem. The second layer is **strategy products**. On top of a single wrapper, multiple strategies can coexist: for example, USDEPStrategy1, USDEPStrategy2, and USDEPStrategyPrime. The user decides whether to stay in the base wrapper layer or convert the wrapper into one of the yield products. {% hint style="info" %} **Why this architecture matters:** it simultaneously preserves a single clean base wrapper per asset, multiple strategies on top of the same rail, and a clean separation between protocol revenue and user yield. {% endhint %} ## 2. The Problem the Protocol Solves In the digital asset market, it is difficult to satisfy several requirements at once. Users need an asset that can be **freely moved** and used as a base unit of liquidity. At the same time, **compliance control at the level of boundary operations** is required at entry and exit. Finally, investors need access not to a single product, but to a **lineup of strategies** differentiated by risk, duration, and target yield. Typical DeFi designs often break down at this intersection. If a token is too tightly controlled, it loses utility. If it is completely unrestricted, the compliance framework becomes weak. If the base wrapper and yield are mixed into a single product, it becomes difficult to separate the reserve, user profit, and protocol revenue. EarnPark On-Chain Protocol proposes an architecture in which these tasks are separated into distinct layers: compliance lives at the system's boundaries, the freely transferable wrapper resides in the base layer, and user yield sits in separate strategy products. ## 3. EarnPark On-Chain Protocol Org EarnPark On-Chain Protocol is organized around the concept of a **Series**. \ Each Series corresponds to one underlying asset and includes a single wrapper token, a single reserve, a single gateway, a single AML policy for mint/redeem at the boundaries, and a single reserve adapter for productive storage. | Level | Components | Role | | -------- | ---------------------------------------------------------------------------------- | ---------------------------------------- | | Series | Wrapper token, reserve, gateway, AML policy, reserve adapter | Base clean asset rail for one underlying | | Strategy | Separate pool, strategy share token, yield parameters, fees, cooldown, risk limits | Yield product on top of a single Series | Taking the USDT series as an example: inside it exists a single USDEP wrapper, and on top of it multiple strategies can operate. This means: * one asset — one wrapper; * one wrapper — many strategies; * each strategy — a separate product with its own economics. ## Series Example | Series | Wrapper | Strategies | Exit | | ----------- | ------- | -------------------------------------------------- | -------------------------------------------------- | | USDT Series | USDEP | USDEPStrategy1, USDEPStrategy2, USDEPStrategyPrime | Redemption back into USDT via boundary payout path | | WETH Series | ETHEP | ETHEPStrategy1, ETHEPStrategyMarketNeutral | Redemption back into WETH via boundary payout path | # How the Product Works from the User's Perspective ### Entering the System The user selects a Series — for example, USDT Series — creates a one-time deposit address, and deposits the underlying asset through the AML-gated entry. After successfully passing the check, the user receives the series wrapper token, for example USDEP. ### Two Paths After Mint {% columns %} {% column %} **Path 1. Hold the Wrapper** The user simply holds or transfers the wrapper token. In this mode, the wrapper acts as a freely transferable clean asset within the ecosystem. {% endcolumn %} {% column %} **Path 2. Choose a Strategy** The user transfers the wrapper into one of the series strategies and receives a separate strategy share token with its own economics and yield. {% endcolumn %} {% endcolumns %} ### Exiting the System The user can either redeem the wrapper and receive the underlying asset back, or redeem the strategy and receive the underlying asset after a cooldown. Exit to the underlying asset always passes through a payout path with AML at the system boundary and through a one-time payout wallet. ## Why the Wrapper and Strategy Are Separated In many systems, the base token and the yield product are mixed together. As a result, holders do not always understand what backs the token, where the reserve sits, where the yield comes from, and who exactly bears the strategy risk. EarnPark makes this transparent. **Wrapper token** is the base asset of the series. It circulates freely, but by itself does not promise yield to the user. **Strategy token** is a separate product. It reflects participation in a specific strategy and the corresponding yield. This separation provides two advantages. First, the market gets a single coherent wrapper rail for an asset, rather than multiple competing versions of the same base token. Second, the strategy becomes a modular product: it can be launched, paused, limited, and scaled independently of the wrapper rail. # Economic Model ### Wrapper Backing Every circulating wrapper is backed by a reserve of the corresponding underlying asset. For this purpose, the protocol maintains separate principal accounting and holds backing for the entire circulating supply of the wrapper token. ### Reserve Yield The reserve backing the wrapper does not sit idle. It is deployed through an approved adapter in a venue with instant liquidity and generates yield. This yield **is not distributed to wrapper token holders** and **does not convert the wrapper into a yield-bearing token**. Instead, reserve yield is directed to a separate protocol address as a revenue/backstop stream. > **The economic logic is simple:** reserve yield is protocol revenue, strategy yield is strategy users' revenue, and the wrapper token is the base transport layer — not a yield-bearing asset. ### Strategy Economics Each strategy has its own economics: a separate share token, its own exchange rate, its own redemption fee, its own cooldown, and its own limits on external allocations. User yield arises only at this level. # Risk Management and Architectural Safeguards ### Boundary AML Instead of Total Transfer Control The protocol controls mint and cash-out boundaries, but does not promise that every secondary wrapper token transfer itself undergoes AML review. This is an honest caveat: the free transferability of the wrapper is achieved by moving control to the system's boundaries. ### Controlled Strategy Outflow Strategies cannot send funds to arbitrary addresses. Capital withdrawal to the external execution layer is only possible to pre-approved receiver addresses and within outstanding exposure limits. ### Timelock-Governed Upgrades EarnPark maintains a governance approach under which contract upgrades must not happen unexpectedly. Upgrades go through a governance path and timelock, while stress management paths are supplemented by a pause model and change management discipline. ### Explicit Strategy Liabilities When a user redeems a strategy, their shares are immediately burned and converted into an asset-denominated liability. This does not eliminate market risk, but makes obligations transparently measurable. ### An Honest Risk Framework The protocol's main risks fall into four areas: * quality and resilience of external strategies; * quality of the reserve venue and its instant liquidity; * governance and limit configuration; * AML signer / compliance operations. The protocol does not conceal these risks. Its goal is to make them isolated and observable. # What Investors Gain from This Architecture ## Product Line Scalability One wrapper per asset enables building multiple strategies without fragmenting base liquidity. The protocol scales not only horizontally across new assets, but also vertically across new products. ### Clear User Segmentation Some users want a clean wrapper with free transferability. Others want yield and are willing to choose a strategy. EarnPark serves both audiences without forcing them to use the same instrument. ### A Cleaner Monetization Model The protocol has at least two natural revenue streams: reserve yield at the wrapper rail level and fees at the strategy redemption level. This makes the business model less dependent on a single mechanism. ### Transparent Liquidity and Liabilities In a strategy, a redemption request immediately becomes an explicit obligation of the pool. This gives the system a clear picture of pending liabilities and liquidity. ### A Stronger Risk Perimeter Instead of one large "black box," the investor gets a separation into boundary AML, reserve layer, wrapper rail, strategy products, and treasury/revenue layer. This design is easier to analyze, scale, and monitor. ## Why This Can Become a Strong Business ### One Asset Rail, Many Products A single wrapper rail per asset can serve as the foundation for an entire lineup of strategies. This reduces product fragmentation and increases the value of each Series. ### A Repeatable Launch Model The protocol can be expanded in two directions: launching new Series for new assets and launching new Strategy Products within existing Series. This creates a modular growth engine without having to rebuild the system from scratch each time. ### Institutional-Grade Architecture For investors and partners, what matters is that in EarnPark compliance sits at the boundaries, reserve and yield are not mixed, strategies are isolated, and governance and upgrades are formalized. This makes the architecture closer to an infrastructure product than a standalone high-yield vault. ### The Ability to Build an Ecosystem Around the Wrapper Rail If the wrapper token gains trust, liquidity, and reuse, it becomes the primary product interface of the series. And strategies become applied products built around an already-established liquidity rail. ## Why Now The market needs solutions that do not force a choice between just one of three things: asset utility, boundary controls, and yield products. EarnPark On-Chain Protocol offers an architecture in which all three can coexist in a single system: utility lives in the wrapper, control at the boundaries, and yield in the strategies. # Go-to-Market Logic | Phase | Focus | Goal | | ------- | ------------------- | ------------------------------------------------------------------------ | | Phase 1 | First Series | Launch the base series, e.g. on USDT, with a conservative reserve policy | | Phase 2 | Multiple Strategies | Separate base asset users from yield product users | | Phase 3 | New Series | Expansion to other underlying assets | | Phase 4 | Institutional Layer | Monitoring, reporting, governance automation, and partner integrations | ## Conclusion EarnPark On-Chain Protocol is a modular architecture for the next class of on-chain products. It combines freely transferable wrapper tokens for individual underlying assets, AML-gated ingress/egress, a productive reserve layer, separate protocol revenue from reserve yield, multi-strategy products on top of a single wrapper rail, and transparent liabilities together with controlled strategy outflow. For investors, this matters for two reasons. First, EarnPark is building not a single pool but a platform framework for multiple assets and multiple strategies. Second, the protocol attempts to combine what is rarely held together in one model: free circulation of the base token, boundary controls, explicit risk accounting, and managed liquidity. This is the investment logic of EarnPark On-Chain Protocol: **one clean wrapper rail per asset, multiple yield products on top of it, and a coherent architecture of revenue, risk, and scalability.** *This document has been prepared as an investor-facing version of EarnPark On-Chain Protocol* *and is intended for discussion of the protocol's architecture, economics, and go-to-market logic.*