prePO is a decentralized trading platform allowing investors to speculate on the valuation of any pre-IPO company or pre-token project. Its mission is to democratize pre-public equity - transforming a world of financial exclusion into a world of permissionless access. Traders will be able to take synthetic positions on pre-IPO companies such as SpaceX, Stripe, Gemini, and ByteDance; pre-token projects such as dYdX, Zapper, and OpenSea; and in the long-term, even real estate.
prePO operates on secure decentralized code where there are no intermediaries. This guarantees that users will always have full control of their assets, and can never be forcibly exited from their positions or prevented from trading. By nature of being decentralized, there is no paperwork involved either (i.e. no risk of personal information being leaked), and the overhead costs of the traditional world are removed, which translates to lower fees for traders.
$PPO is prePO’s governance and utility token. $PPO can be earned by being an active user and adding value to the prePO protocol specifically through:
- Trading fee reimbursements
- Ranking highly in leaderboard contests
- Performing well for your copy traders
- Participating in each market’s comment section
- Staking $PPO for future distributions
Pregens earn $PPO through 'governance mining', receiving retroactive rewards for participating in governance and contributing to the prePO DAO. By staking $PPO, Pregens receive PPO Power (a non-transferable ERC-20 token). PPO Power can be multiplied by staking for longer (time multiplier), unlocking achievements (achievements multiplier), or consuming power boosts (boosts multiplier).
Stakers of $PPO receive a share of all protocol fees, including any fees for trading, deposits, withdrawals, or early unstaking. These fees are first used to buy-back $PPO, and then automatically compounded into each staked $PPO position. Stakers also receive a share of all $PPO spending, and bonus $PPO emissions from the treasury, depending upon what percentage of total $PPO is staked. Staked $PPO may be used as collateral for loans. The prePO treasury will act as the lender, providing assets (such as $USDC, $ETH, or even $PPO) for borrowing. If a loan isn’t paid back in time, the staked $PPO will be claimed by the treasury and redistributed to stakers as an additional staking reward.
Since prePO is a decentralized protocol, $PPO stakers are responsible for governance. PPO Power can be used to submit and vote on proposals, including for new markets, market resolution, fee adjustments, liquidity redirection, representative council members, and how treasury funds should be used. In the future, stakers will be able to delegate their voting power to someone else.
