• PRGRM.money : A New Way to Form and Coordinate Capital
• The Inescapable Truth
• The PRGRM Paradigm
  • The Power of Bijective ERC20s
• WETH Everywhere: A Vision of Interoperability
  • Unleashing Innovation with pERC20s
  • Restoring the Original ERC20 Vision with pERC20
• Eradicating Idle Liquidity
• Fulfilling the ERC20 Vision: Interoperability Everywhere
• The Inevitable Conclusion
  • Addressing the Naysayers
  • Evidence

The Inescapable Truth

DeFi's original promise was a more open, equal opportunity financial system driven by transparency and community-powered innovation. However, far too many projects have regressed into the same traps as traditional finance, creating an ecosystem rife with problems:

1. Low Liquidity Tokens: Projects routinely hype up tokens with microscopic trading volumes and low float circulating supplies, artificially inflating the "fully diluted value" metric. This enables whales and venture capitalists to accumulate massive allocations by providing minimal liquidity or negotiating pre-seed kickbacks.
2. Unsustainable Liquidity Mining: Protocols lure in liquidity through unsustainable farming rewards that concentrate tokens among mercenary liquidity providers (LPs) who are poised to abandon ship at the first sign of trouble, leaving protocols vulnerable to liquidity shocks.
3. Idle Capital Exploitation: Idle capital sits ripe for exploitation by flash-loan attackers and front-runners, exposing the inefficiencies and vulnerabilities within the current DeFi landscape.
4. Centralization of Wealth: The cycle of greed and unfair advantages that has defined traditional finance is now repeating itself in DeFi, with a select few insiders becoming enormously wealthy at the expense of the broader community.

The only way to break free from these issues is through a fundamental realignment of incentives and a return to the core principles of DeFi. PRGRM represents this crucial recalibration, offering a protocol that:

1. Ensures tokens are firmly rooted in real economic activity through its Bijective ERC20 model, which ties token supply directly to circulating liquidity pools.
2. Optimizes capital efficiency and liquidity utilization, minimizing idle capital and reducing the attack surface for exploitative strategies.
3. Fosters a more equitable and sustainable DeFi ecosystem by aligning token value with genuine economic activity and utility.

The path to unlocking DeFi's full potential is clear: we must rebuild with integrity, focusing on creating real value and promoting fair access. PRGRM is the protocol that embodies this vision, providing the foundation for a DeFi ecosystem that stays true to its original promise of transparency, decentralization, and opportunity for all.

The PRGRM Paradigm

To fully realize the ideals of democratized, equitable, and anti-fragile token economies, a new paradigm for token design and liquidity provision is not just desirable, but necessary. PRGRM is the protocol that will revolutionize how we create and interact with tokens. The protocol operates in two distinct phases.