Vision Paper

This page will contain information on the vision of ProsperitySwap on XRPL EVM Sidechain.

ProsperitySwap is an AMM and decentralized exchange built on the XRPL EVM Sidechain.

ProsperitySwap aims to support the wider XRP ecosystem in several ways. First, we plan to become the leading liquidity hub for all tokenized assets on the XRPL EVM Sidechain. Second, we plan to establish ourselves as the leading DeFi hub on the XRPL EVM Sidechain. Historically, DEX yield farming has attracted the majority of DeFi TVL across various blockchains. For example, at PancakeSwap’s all-time high, TVL reached roughly $15 billion. Third, once we have sufficient liquidity and trading volume, we will allocate a percentage of our DEX-generated revenue to buy back XRP from the open market.

At the core of ProsperitySwap is the PD token, which serves as the primary digital asset benefiting from revenue generated by the DEX. Decentralized exchanges remain one of the few DeFi products with a sustainable and proven business model. The majority of trading fee revenue from the DEX will be allocated to buybacks and burns of the PD token, directly supporting its value. The final percentage is still to be determined, but it will be over 50% of DEX trading fees. The PD token will also be the main token used for liquidity pool farming, with only about three farming pools not requiring PD to participate.

The team recognizes the competition in this space, but we believe what will set us apart is our wrapped asset service. We are introducing wrapped assets to the XRPL EVM Sidechain, allowing users to bridge Bitcoin, Ethereum, XRP, Tether (USDT), BNB, Solana, USDC, Tron, Dogecoin, Cardano, Worldcoin, Sui, Kava, Arbitrum, Avax, Litecoin, Optimism, Polygon, UNI, Polkadot, VeChain, EURC, DAI, PYUSD, Chainlink, and OKT from their native chains to the XRPL Sidechain. Our goal is for ProsperitySwap to become the primary liquidity hub for these wrapped assets on the network. Other protocols will need to acquire these wrapped assets from our DEX in order to use them within their ecosystems.

In conclusion, our mission as builders is to contribute meaningfully to the growth of the XRPL EVM Sidechain ecosystem through the launch of our decentralized exchange, yield farming platform, and wrapped asset infrastructure. While we recognize the presence of competition, we believe that healthy competition is beneficial, and we are confident that ProsperitySwap brings something unique and valuable to the table.