OverProtocol: Your Innovative Automatic Money Circulator

Circulate Your Over to Create Continuous Value

Your Computer Can Be an ATM

Blockchain is often perceived as a global computer enabling the construction of "Money Legos" in the crypto space. However, unlike static Lego bricks, money is dynamic and fluid, capable of powering various financial modules. These interconnected modules create a circuit through which money flows, allowing it to be amplified, switched, stored, released, filtered, and transformed, thereby generating value.

The key is that these modules can automatically and continuously generate value. As the flow of money increases, more modules can be integrated into the pipeline. Additionally, all types of resources can function as modules to create value that can be transformed into money, enhancing the overall utility of the circuit. Our mission is to unlock the potential of this circuit by leveraging blockchain technology to utilize resources and create value, enriching our everyday lives.

In OverProtocol, modules are elegantly positioned on a two-dimensional graph with two axes: distance from the real world and risk & return. In the initial phase, OverProtocol will showcase five fundamental modules: Validator Staking, Node Plugin, OverFlow, OverFlex, and DeFis. As a module moves closer to the real world, the risk and return decrease, while proximity to the digital world increases both risk and return, creating strategic tradeoffs. This dynamic positioning ensures that the basic modules cater to a wide range of user needs, providing versatile entry points for constructing a functional and efficient circuit.

Basic Modules in OverProtocol

Basic Modules in OverProtocol

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Validator Staking

Blockchain is an open network that anyone can access to create and transfer digital assets. However, as blockchains become more complex, only a few dedicated servers can maintain the network and handle requests. This leads to unfair reward distribution and the risk of exploitation, such as MEV attacks, reducing users to mere consumers who drift among various blockchains without loyalty.

OverProtocol addresses this problem with lightweight validators that run on personal devices, enhancing the utilization of computing resources. With OverProtocol, users are no longer just consumers; they become contributors and providers of the protocol. They can operate modules to create value, become self-sufficient in transaction fees, earn rewards, and stay loyal to the blockchain.

Node Plugin

OverNode provides a robust plugin platform that enhances the utilization of computing resources, offering additional opportunities to augment blockchain usage. Beyond facilitating user participation as validators in OverProtocol, users can engage in various activities through plugins, which run as background processes. These plugins can create value by monitoring blockchain states, awaiting requests, sending transactions, or providing idle resources when opportunities arise.

For instance, plugins can execute limit price trading on DEXs by monitoring exchange ratios and sending transactions when the desired condition is met. Additionally, auto-compounding and performing liquidations can be achieved similarly. Users can also opt to pay a fee and receive compensation. Furthermore, providing computing resources, such as storage for users in need, can be managed when resources are otherwise idle.

OverFlex

OverFlex (formerly OverSpace) is a marketplace designed for trading assets with no regular income, such as zero-coupon bonds and discounted vouchers, to onboard real-world value onto OverProtocol. It enhances the utility of these assets by addressing the mismatch between sellers and consumers: sellers prefer to sell vouchers wholesale to reduce processing time and costs, while consumers prefer not to buy in bulk but still want discounts on individual units.

We believe this mismatch can be resolved by creating an open market on the blockchain. This approach is revolutionary because it attracts investors to activate trading and increase utilization, lowering barriers in the primary market, promoting sales, providing sellers with financing, investors with marginal profit, and consumers with discounts. We believe this will attract users beyond the Web3 boundary by creating real-world value for all participants.

Our first target is the enormous aesthetic market in Korea. Stay tuned!

OverFlow

OverFlow is a mechanism within OverProtocol for utilizing assets with regular income, such as coupon bonds. It channels this cash flow, known as OverFlow, to other modules for streamlined asset utilization. Users can direct their OverFlow towards instant subscription fees, systematic investments, continuous debt repayment, and more. However, the most revolutionary approach is microfinance through instant loans, using underlying assets as collateral.

This innovative method eliminates the need for upfront payments, implementing a crypto-based BNPL (Buy Now, Pay Later) system. Users engaged in validator staking, node plugins, and staking in OverWallet will be the first to experience OverFlow's potential. They can leverage their staked assets to access instant financial resources, ensuring continuous participation and profitability in the crypto ecosystem. This is the magic of finance—trading money with time to enhance utilities.

OverWallet

Although the modules are ready, we must first address a significant challenge: the steep learning curve that creates high barriers for ordinary people to enter the blockchain space. From setting up wallets to buying and investing in crypto assets, the processes can be daunting and unfamiliar. To break down these barriers and open up new opportunities for everyone, we have introduced a new gateway to manage the modules and design a personalized circuit for individuals.

OverWallet serves as this gateway, providing access to and control over the basic modules, allowing $OVER to flow through the circuit. Users can design their personal circuits to maximize the utility of their assets within OverWallet, aiming for maximum profit through a web3-agnostic interface. This interface supports all user characteristics, regardless of their level of web3 literacy or risk tolerance. In the near future, OverWallet will offer combinations of modules to create more complex, continuous circuits, empowering users to achieve even greater value.

Combinations of Modules to Create More Profitable Circuits

Combinations of Modules to Create Continuous Circuits

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DeFis

DeFi is a powerful tool that revolutionizes direct finance by transforming how money is deposited, swapped, and lent peer-to-peer, bypassing traditional financial institutions. However, DeFi on its own cannot create value; it is merely a tool. Its true potential is realized when combined with other modules to generate surplus value from resources outside the money flow.

Currently, we still rely on institutions, as DeFi applications are operated by central servers, exposing users to profit drains, service failures, rug pulls, and hacks. Our long-term goal is to build a robust DeFi ecosystem by decentralizing DeFi operations to ensure the prosperity of OverProtocol. Without this, we'd remain trapped in the same zero-sum game as traditional blockchain ecosystems.

To address these issues, we plan to "Decentralize DeFi Again" by operating them on users' personal devices as node plugins. These DeFi applications will function autonomously, free from dependencies, and integrate seamlessly with other modules in our financial circuit. Stay tuned for the revolutionary DeFi applications within OverProtocol.

Conclusion

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OverProtocol is set to transform the blockchain landscape by making it more accessible, efficient, and profitable for all users. Join us in creating a future where blockchain technology is not just a tool, but a dynamic ecosystem of continuous value generation that enriches our everyday lives.