# Introduction Prosper sets out to redefine the possibilities of on-chain liquidity and what a decentralized protocol can bring to the community. This is the perfect next chapter for Prosper, a unique opportunity to further decentralize the Bitcoin ecosystem, by bringing Bitcoin’s underlying network layer—Bitcoin mining power—on-chain to enable community participation and ownership and creating a new fundamental building block for the broader ecosystem. {% embed url="" %} Prosper sees a rare opportunity at the intersection of some of the largest and fastest-growing sectors within the industry: Bitcoin as proven “digital gold” worth $1.3 trillion \[1], Bitcoin mining operations with a combined market value of $19 billion \[2], and RWA projects surpassing $12 billion in value \[3]—yet there is no pure-play project filling the gap. By bringing together best-in-class industry partners and service providers, Prosper is unlocking this massive potential by redesigning our protocol mechanism and utilities around our native token PROS. ## **Join us now** * Visit our website: * Launch web app: coming soon * Follow us on X: * Join the community on Telegram: * See our latest news: *** \[1] Messari; as of 30 Sep 2024 \[2] Bloomberg; as of 30 Sep 2024 \[3] Binance Research; as of 13 Sep 2024 # Unique Opportunity In this section: [Bitcoin: first ever crypto that's only growing in influence](/welcome-to-prosper/unique-opportunity/bitcoin-first-ever-crypto-thats-only-growing-in-influence) [Hashrate: layer powering Bitcoin as a trillion dollar asset](/welcome-to-prosper/unique-opportunity/hashrate-the-layer-powering-bitcoin-as-a-trillion-dollar-asset) [RWA: rapidly-growing category within Web3](/welcome-to-prosper/unique-opportunity/rwa-rapidly-growing-category-within-web3) # Bitcoin: first ever crypto that’s only growing in influence Bitcoin is a decentralized digital currency created in 2009 by an unknown individual using the name Satoshi Nakamoto. It is the first and most well-known cryptocurrency that enables secure peer-to-peer transactions on the internet, designed as an alternative to centralized financial networks after the 2008 crisis. (Read more in [our “Bitcoin 101” article](https://www.prosper-fi.com/news/bitcoin-101)) Bitcoin continues to reign as the most valuable cryptocurrency to date, solidifying its leading position as “digital gold”. * **Recognized store of value and a standalone asset class.** Bitcoin currently has a \~$1.3 trillion circulating market capitalization and dominates the cryptocurrency market by 53% \[1], solidifying its status as a standalone asset class * **Mainstream penetration.** Spot BTC ETFs launched by major financial institutions such as BlackRock, Fidelity, VanEck, and Invesco in 2024 have driven mainstream Bitcoin adoption, attracting 1,110 institutional investors \[2] and \~$60 billion in AUM \[3] * **Limited supply.** Bitcoin's scarcity is built-in, with a 21 million coin cap * **Open-source and decentralized.** Bitcoin is an open-source, decentralized system lacking a public founder, allowing transparent development and user engagement to enhance security and resilience
*** \[1] Messari; as of 30 Sep 2024 \[2] Bitwise; as of 20 Aug 2024 \[3] The Block; as of 24 Sep 2024 # Hashrate: the layer powering Bitcoin as a trillion dollar asset Bitcoin miners serve as the backbone of the Bitcoin network, receiving Bitcoin rewards for validating transactions and maintaining the accuracy of the blockchain ledger. Bitcoin mining is the process of validating and securing transactions on the blockchain through the intensive use of computing power to solve complex cryptographic puzzles, during which new Bitcoins are minted and the accuracy of the blockchain ledger is maintained. (Read more in [our “Bitcoin Mining 101” article](https://www.prosper-fi.com/news/bitcoin-mining-101)) The Bitcoin mining industry is supported by a robust value chain underpinning proven economic output. The Bitcoin mining supply chain includes hardware suppliers such as semiconductor suppliers manufacturers and ASIC (Application-specific integrated circuit) chip designers (i.e., Bitmain, MicroBt, Canaan), alongside various service providers for mining operations including: * Data center infrastructure - electricity, construction and telecom infrastructure providers * Mining pool operations - Bitcoin blockchain network providers * Market operations - exchanges, brokers, OTC trading desks and market makers Bitcoin mining operators alone represent a large combined market value where the top 10 listed mining companies are worth a total of around $18 billion.
*** \[1] Bloomberg; as of 30 Aug 2024 # RWA: rapidly-growing category within Web3 The market for RWAs has seen rapid growth, with the market value surpassing $12 billion according to a recent Binance Research report \[1]. RWA tokenization, the process of converting tangible and intangible non-blockchain assets into digital tokens, is at the heart of this trend. By harnessing blockchain technology, RWA tokenization democratizes access to high-value and oftentimes illiquid opportunities like real estate, commodities, intellectual property, and more. RWA on-chain will take a lot of assets to new levels by enabling substantially-improved liquidity, transparency, and capital efficiency—this is estimated to be a $3+ trillion market by 2030 \[2], and we are just scratching the surface. Having composable fungible tokens unlocks countless possibilities for the ecosystem to build additional products and offerings around these building blocks—such as tokenized securities (e.g., Ondo), yield trading (e.g., Pendle), staking network (e.g., StakeStone), etc. Right now, across the Bitcoin ecosystem, we are noticing a potential gap that Prosper can fill in.
*** \[1] Binance Research; as of 13 Sep 2024 \[2] 21.co (Swiss digital asset manager); as of Oct 2023 # Why Prosper We are clear from day 1—Prosper won’t try to be everything, we are not building an L2, DEX, lending protocol or Bitcoin LST, etc. Instead, Prosper has a singular focus on one strategy: {% hint style="info" %} **Building PROS as the go-to Bitcoin ecosystem token backed by institutional-grade Bitcoin mining power and creating a sustainable value accrual flywheel around this ecosystem.** {% endhint %}
Prosper ensures best-in-class execution across this underlying live hashrate, which produces BTC for the DAO foundation’s treasury on an ongoing basis. Meanwhile, Prosper works with various types of partner projects to drive adoption, awareness and development of PROS within the ecosystem. PROS and the DAO’s treasury’s BTC both represent tangible levers to enable the Prosper community to collectively tap into various opportunities offered by projects in the ecosystem—merge/dual mining, TVL farming, staking/restaking, gaming quests, NFT whitelists, etc.—driving growth in PROS and the treasury size, allowing the DAO foundation to scale and add more hashrate, continuing the flywheel. # Prosper’s Mission & Vision ## Mission Building and growing the Prosper ecosystem to a point where PROS is synonymous with BTC ## Vision Prosper’s vision is simple—bringing as much Bitcoin and Bitcoin hashrate as possible into a decentralized construct under community-driven governance # Accretive Hashrate-per-token Prosper’s DAO-owned Bitcoin mining power (hashrate) is the starting point of our flywheel and will at all times be a solid foundation for all the use cases that the PROS token can unlock. As such, a critical consideration in our protocol design is: {% hint style="info" %} Ensuring the hashrate-per-token will only be accretive & always be above the minimum peg throughout the lifetime of the protocol. {% endhint %} This core feature will be emphasized throughout various protocol mechanics and operations that we are rolling out across Phase 1 and 2, which will include features that actively encourage operations that are accretive to the hashrate-per-token ratio. # Phase 1: Hashrate Backfilling Phase 1 is expected to start early November 2024. During this phase, Prosper and its launch partners’ focus will be on executing two programs: * Ensuring hashrate contributed to the [DAO foundation](/protocol-mechanics/governance/dao-foundation) comes live * Determining the *minimum* hashrate-per-token peg #### How it works for PROS holders No additional action or cost will be required from existing PROS token holders in this phase. Prosper and its launch partners are contributing hashrate to the DAO to kickoff the protocol and to ensure each PROS token has the required backing to unlock the new range of utilities. Once the backfilled hashrate comes online, PROS token holders will be able to see that hashrate’s live performance metrics on our [v1 App protocol dashboard](/app-overview/guide-to-v1-app/protocol-stats). They will also be able to verify the existence of that mining power via credible industry partners. For more information related to those key metrics and concepts, you can also refer to [our website’s “Prosper 101” education series](https://www.prosper-fi.com/news). #### Minimum hashrate-per-token peg The hashrate-per-token ratio (i.e., = the protocol’s total hashrate amount ÷ 100 million units of PROS tokens) at the end of Phase 1 will be locked in as the minimum peg, as demonstrated below using *illustrative numbers*:
We are currently still in Phase 1 and expect to bring more hashrate online—the corresponding minimum hashrate-per-token ratio will be determined as we announce the end of Phase 1 later. # Phase 2: Protocol Scaling Phase 2 is expected to start after two key dependencies have been cleared: * Completion of Phase 1 and confirmation of minimum hashrate-per-token * Migration of legacy token contracts to new token contract (i.e., PIP-4 which will be put on Snapshot for community voting shortly) * There are multiple existing frictions that will be resolved with the new unified token contract; for more details you can refer to the proposal [here](https://www.prosper-fi.com/news/pip-4)) * *There is no new token being launched in this process; PROS will remain the only native token for the protocol (1:1 swap of current PROS tokens to new contract)* #### Token new issuance to increase the hashrate-per-token ratio Post token contract migration, the PROS token will be enabled with a new minting function, which will be a critical part of the protocol’s scaling. It is important to note that there will not be any arbitrary minting—new PROS tokens will only be minted into existence when there is a corresponding amount of hashrate being procured and brought online to the protocol—and the resulting hashrate-per-token ratio must be higher in order for this action to be implemented. The animation below provides a graphical illustration of this concept: * Assuming Phase 1 ends with a minimum peg of 5 GH per token * DAO proposes a potential new issuance of 10m unit of tokens that would enable addition of another 200 PH/s of hashrate to the DAO * The resulting ratio of 6.4 GH per token (700 PH/s vs. 110m unit of total supply) is higher than the existing ratio of 5 GH—satisfying a necessary condition to proceed * Only after the new 200 PH/s is actually live on the dApp and running steadily will the new 10m units of PROS tokens will be minted into existence * (with a further example of growing to 1 EH/s)
#### New token sales and release of new issuance For each approved addition of hashrate and new token issuance, the new minting will first be opened for purchase by wallets that hold an amount of PROS tokens above the required threshold (to be announced later)—the new issuance will be available at a discount to market price with a corresponding lock-up period. Any remaining tokens not purchased by existing PROS token holders will be opened for purchase by other wallets. New PROS tokens will only be minted into existence and be available for claim by purchasers once 1/ the lock-up period ends and 2/ the new hashrate is live on the dApp. #### Key benefits for PROS holders The objective of this is to create an intuitive supply modulation mechanism that achieves the following benefits: * No arbitrary increase in token supply (it only happens if it’s accretive to existing holders) * Each PROS token represents more underlying hashrate over time * Limits sell pressure from increase in supply (if hashrate-per-token ratio is fixed, then for the protocol to double in scale, the supply would need to be doubled which is not ideal) * Protocol has the flexibility to rapidly grow hashrate in the right market conditions * Preferred access to purchase new issuance at discounted price # Hashrate Operation One of Prosper’s unique value propositions is bringing institutional-grade execution quality to DAO community-owned and governed Bitcoin hashrate. We are working alongside a number of best-in-class industry partners for all the critical aspects of bringing miners live and running at their best possible efficiency: | **Product / Services** |

Partners

(revealing one by one soon!)

| | -------------------------------------------- | ---------------------------------------------------------------------------- | | Mining hardware manufacturer | BITMAIN | | Mining hardware hosting services | BITMAIN | | Mining pool platform provider | ANTPOOL | | Bitcoin price hedging & liquidation for opex | Metalpha | | DAO’s Bitcoin treasury custody | - | We want to ensure that Prosper, while being a decentralized and community-driven protocol, and PROS token holders can still access institutional-grade service quality from top industry players. The following key operational processes will be described in additional detail to allow users to fully understand the workings of the protocol: 1. [Hardware Hosting](/protocol-mechanics/hashrate-operation/hardware-hosting) 2. [Bitcoin Production](/protocol-mechanics/hashrate-operation/bitcoin-production) 3. [Monitoring Miners](/protocol-mechanics/hashrate-operation/monitoring-miners) # Hardware Hosting The process of Bitcoin mining hardware sourcing, hosting, and ensuring stable output of compute is complex and often inaccessible to regular community members. Prosper works with industry partners to enable proper execution with transparency: * **Mining hardware** sourced from top-tier manufacturer, and ownership of the mining hardware will be assigned to Prosper’s DAO foundation * **Hosting services** **provider** allows us to place the hardware in their facilities. Mining hardware is still owned by the DAO but physically housed and maintained by the hosting provider in their data centers * Service agreement in place between the protocol and the provider, who takes care of all the physical infrastructure, such as cooling, electricity, security, and internet connectivity required to ensure miners run steadily * The live miners will be configured to connect and commit their computing power with mining pools provided by leading mining platforms * Hashrate live with the mining pool to produce Bitcoin, and through Prosper’s mining pool account API, **live performance and production statistics** will be displayed on v1 app # Bitcoin Production A core component of the protocol is the production of Bitcoin as a result of the community driving the underlying mining power’s operation. The process for handling the Bitcoin produced is as follows: * BTC production is credited by the mining pool to Prosper’s mining pool account as determined by the protocol’s live hashrate amount (after netting off mining pool platform’s standard fee) * Part of the net BTC produced will be liquidated to pay various service providers for hosting services, utilities costs, and other operating expenses * Prosper will be utilizing BTC price-hedging solutions provided by institutional trading partners to ensure stability and visibility of liquidation proceeds * BTC production post-cost / fee is then deposited to a designated BTC wallet address\* held by the protocol with a credible 3rd party custodian * The balance will then enter the protocol’s smart contracts\* which will then be split across the following two pools: 1. [Protocol DAO’s treasury](/protocol-mechanics/treasury-operation) 2. Staking reward {% hint style="info" %} For the portion allocated for staking reward distribution, the staking contract handles all calculations and distributes rewards to PROS stakers based on the amount staked {% endhint %} *** *\*After platform full launch, all of the protocol’s wallets and smart contract addresses will be available publicly for transparency and verification.* # Monitoring Miners The amount of live hashrate is fundamental to the success of Prosper and PROS. Therefore, a core part of the protocol will be to monitor and ensure that the amount of live hashrate remains above the minimum peg relative to the total token supply. There are a number of mechanisms in place to ensure the protocol’s minimum peg will be properly maintained. These measures will be executed in the following order (the protocol will move to the next measure should the previous one fails to bring the peg in place): * **Hashrate buffer:** hashrate that’s not included in the total live hashrate amount as displayed on our v1 app dashboard * **Deploying new miners:** within the remediation period, launch partners who contributed miners in the first place are required to deploy additional hashrate * **Buy & burn PROS from supply:** within the remediation period, launch partners can also buyback & remove PROS permanently from supply until minimum peg is reached *** *More details around these protective mechanisms will be released as we get closer to go-live.* # Treasury Operation Prosper’s DAO treasury expects to continue to accrue BTC holdings from the underlying miners’ ongoing production. This forms an important pillar in the flywheel that we expect to jumpstart around the PROS ecosystem. This treasury balance can be directed at a number of purposes (and more in the future as proposed by the community!) that would generate benefits for the DAO and PROS holders: * Storing securely with 3rd party custodian * Staking with other DeFi protocols * TVL provisioning for soon-to-launch projects {% hint style="info" %} The benefits of rotating the DAO treasury's BTC holdings across different use cases accrue back to either PROS token holders directly or to the DAO treasury (also positive for the overall community). {% endhint %} New PIPs will be proposed when there are relevant decisions to be made about the treasury. It is important to note that Prosper’s core thesis is a **strong conviction in Bitcoin’s long-term potential**, and underpinning any potential treasury use cases is that same spirit for the benefit of the Prosper community. The priority first-and-foremost for the DAO treasury is security, followed immediately by opportunities to grow its native-BTC holding. Prosper shares Michael Saylor’s conviction and won’t mid-curve out of our BTC holdings. # Governance Governance is another important component in this relaunch process, and more specifics will be gradually released over time to ensure community members have the opportunity to familiarize themselves with these changes (and not to be overwhelmed with too much new information at once, as we are also rolling out multiple other exciting updates on project focus, token utilities, platform app, partnerships, etc.). # DAO Foundation We want to ensure that Prosper is a truly decentralized protocol going forward and will continue to improve on the extent of community-driven governance. While currently many DAOs continue to exist with no legal structure at all, it creates a lot of potential risk factors for its members. We are rebuilding Prosper for the long-term and it is critical for us that it is being done in the best way possible. We formed a Cayman foundation company and are in the process of assigning all intellectual property and assets related to Prosper to such Cayman foundation company (for more information on how foundation company structure works, check out [this article](https://www.careyolsen.com/insights/briefings/overview-cayman-islands-foundation-companies)), which is a common approach used by decentralized Web3 protocols to have a legal entity. Having a legal entity that represents Prosper’s DAO in the real world is valuable for a number of reasons: * It is a nonprofit and has no shareholders—allowing us to codify that the foundation will act in the benefit of DAO members (i.e., PROS token holders) * It is capable of holding assets—in this case, ownership title of Bitcoin miners * It is capable of entering into contracts with other commercial entities—in this case, service contracts or agreements with various industry partners * It limits liability for DAO participants for the actions of the DAO {% hint style="info" %} We sometimes use DAO, foundation or PROS token holders interchangeably which might have created some confusions. To clarify—foundation is the legal entity representing the DAO, and token holders are members of the DAO. {% endhint %} *** *Reminder: this does not represent any legal advice; for more detailed discussion or information on this topic you may check out* [*online resources*](https://mirror.xyz/0x954888B7a5C6736F4955dF18B556D8328FD02f61/5K9llACK4tzu5WHL68CM3bBsmSleL_XxJ2kRGYnwp7A) *or consult a legal professional* # Governance Proposal The governance process for the protocol will continue to develop and evolve based on the community’s needs as the protocol matures. In a future Prosper Improvement Proposal (PIP), the community will have the opportunity to lay out guiding principles, participant expectations, and the general governance process going forward. At a high-level, the initial structure for the governance process will follow the below. This process will be developed in more detail and put forward for ratification by the community. #### Context for PIPs * Snapshot: For voting on governance proposals. * Commonwealth: For community discussion on governance proposals. #### Overview of the process in full implementation * **Proposal creation:** PROS token holders can start governance related discussions on the designated forum. Once a proposal has been formulated, it can be formally submitted to an advisory council for further review. * **Feedback period:** Once a proposal has passed the initial review process, there will be a feedback period where DAO members can review and provide feedback. This period allows for transparency and informed decision-making, ensuring that all voices are heard before a vote. The length of this period will vary depending on the complexity of the proposal. * **Voting:** After the feedback period, PROS token holders can vote on the proposal. Initially, voting power will be proportional to the number of PROS tokens held, with each token representing one vote. Additional voting strategies may be considered in the future. * **Implementation of decisions:** Once a proposal passes, it will move to the implementation phase by the foundation. The implementation process will be transparent and communicated to the community. * **Checks and balances:** To prevent harmful or rushed decisions, the initial review process will be important. As mentioned above, this process will be conducted by the advisory council to start. However, over time, this responsibility is expected to be spread across members of the community (e.g., a community council). Furthermore, any proposal that significantly impacts the protocol may require multiple stages of approval to be outlined during the proposal process. # PROS Native Token In this section: * [Token utilities](/protocol-mechanics/pros-native-token/token-utilities) * [Token supply](/protocol-mechanics/pros-native-token/token-supply) # Token Utilities PROS and its community have always been Prosper’s priority and central to the ecosystem we are building. Relaunching this new strategy allows us to bring the following utilities for existing PROS holders. PROS has always been a full-fledged utility token with an extensive range of benefits available to the holders. As the new protocol develops and matures, we will look to add additional utilities for the benefits of the community.
Hashrate-Backed PROS Bitcoin hashrate will always be the foundation of this project. In Phase 1, institutional-grade Bitcoin hashrate will be contributed into the DAO foundation to back the existing PROS tokens for the benefit of the Prosper community. During this process, a ***minimum*** hashrate-per-token ratio will be determined, and our protocol mechanics ensure that the overall protocol’s hashrate-per-token ratio will only increase / be net accretive to PROS holders in any circumstance. [(refer to protocol mechanics for more details)](/protocol-mechanics/accretive-hashrate-per-token) Going forward, we expect PROS token holders to contribute to the governance of the underlying real-world mining power in order to produce Bitcoin that will be rewarded to DAO members who actively participate in voting.
DAO Treasury BTC Prosper DAO-owned hashrate will be producing Bitcoin through mining. Post-fee, the Bitcoin will only go into two buckets: part of it goes to rewarding holders who are actively participating in DAO governance, but most of it will be safely held in the DAO's treasury, which later on can be used for a number of purposes as proposed and voted on by the community.
Ecosystem Access We're working with a number of partner projects in the Bitcoin ecosystem and across the broader Web3 space. For token holders, these partnerships mean different partners will be offering PROS holders a range of benefits, perks, quests, activations, and more going forward. We want to build a foundation that enables the ecosystem to see the tangible value brought by our community and protocol, which will incentivize them to proactively offer more rewards for our holders for their engagement.
Governance Token holders will be able to actively participate in governance discussions and vote on proposals across key aspects of the protocol. We expect holders to contribute to and jointly shape the protocol's overall direction. Active participation ensures that any decisions made reflect the will of the Prosper community.
Voting Rewards Rewards in Bitcoin (and potentially also in the form of other partners’ tokens or utilities) will be periodically distributed to holders that actively participate in the protocol by voting and staking with their PROS tokens. Token holders must participate in governance of the protocol to be able to earn rewards. This means that active participants are rewarded for their involvement, and token holders who do not participate in governance will not be eligible to earn any rewards.
# Token Supply ## Supply and Lock-up The total token supply of PROS is 100 million ([CoinMarketCap](https://coinmarketcap.com/currencies/prosper/) and [CoinGecko](https://www.coingecko.com/en/coins/prosper)). Prosper and PROS tokens were launched 4 years ago and as such all legacy token allocations have fully vested. But to demonstrate our commitment and long-term alignment to this relaunch, we are implementing a new lock-up period as stated below (which does not apply to other existing holders or community purchasing from the available secondary markets). #### Launch partners’ fresh lock-up period Prosper’s launch partners are committed to ensuring this new strategy will be a long-term success and have no intention of exiting their positions in the near term. As such, they are willing to commit their PROS token holdings to a **fresh lock-up period of 1.5 years**: * Relevant wallet addresses will soon be posted publicly on the website for transparency and verification of on-chain transfer records * As a note to the community: no token transfers have happened from these wallets since the relaunch was [teased in mid September](https://x.com/prosperfi_xyz/status/1835734461096313130), this will be verifiable once wallet addresses are shared (only exception being engaging a market maker [as announced to the community on social media](https://x.com/prosperfi_xyz/status/1844301975564976308)) #### Strategic round \[updated 6 Dec 2024] The [strategic round has been completed and closed](https://x.com/prosperfi_xyz/status/1864696769717977373), with a roster of high quality institutional and angel investors. In total, two million units of PROS tokens have been purchased by the new investors from the launch partners, and the corresponding balance has been transferred to a [designated wallet](https://etherscan.io/address/0xB6cfeC0d95C3b8E03DDE281BC4472117EF60E0Ef). This balance will be subject to a new lock-up period until October 2025, and thereafter a 6-month linear vesting.
#### Other existing holders Existing PROS token holders will not be affected. Your holdings remain fully liquid and will not be affected by the lock-up period mentioned above. ## Supported chains PROS is currently available on Ethereum and BNB Chain, this remains unchanged in Phase 1. We expect to upgrade to a new token contract in Phase 2 to enable flexibility in adding new features to the smart contract, including but not limited to native cross-chain functionality. Exact timing and details will be announced in due course. # Guide to v1 App Our first iteration of the v1 web app launched on 31 October 2024. In this phase, we wanted to prioritize launching features that are core to the new token utilities and that also allow holders to start accessing the new protocol. For instance, before hashrate even comes online, staking or reward campaigns may be launched on the platform for holders. The v1 web app is available here: # Protocol Stats Users are able to observe the live performance metrics of the protocol’s hashrate on the protocol stats dashboard. The key stats will be sourced directly from the protocol’s mining pool account via API (with a link to the mining pool’s official “observer dashboard” for further verifiability). Additional relevant stats will be surfaced for easy reference for users, including DAO treasury balance and overall Bitcoin network stats.
# Staking Active participants are rewarded for their involvement in the protocol. By participating in governance and staking their PROS tokens, users are eligible to earn rewards. Rewards will be periodically distributed. Via the web app, users will be able to easily access the following key functions: 1. **Stake:** choose an amount of PROS to stake 2. **Unstake:** choose an amount of PROS to unstake 3. **Rewards:** claim all rewards that have been distributed to the user

For illustrative purposes only. Further UI changes may be implemented prior to go-live.

# Governance As a decentralized, community-driven protocol, participation from PROS holders is essential. (see [here](/protocol-mechanics/governance) for more information on governance). Users will be able to have their voices heard by voting on Prosper Improvement Proposals (PIP) directly on Snapshot.

For illustrative purposes only.

For new users who have not voted previously, the web app will also feature an integration with Snapshot for convenient access to voting on a currently active PIP (coming soon in a future update). # v2 App (Coming Soon) *More information to come with* [*Phase 2: Protocol Scaling*](/protocol-mechanics/accretive-hashrate-per-token)*.* # Security Prosper's dApp smart contract suite has been audited by SlowMist. The reports are available here on SlowMist's GitHub: * [Staking](https://github.com/slowmist/Knowledge-Base/blob/master/open-report-V2/smart-contract/Prosper%20Staking%20Pool%20-%20SlowMist%20Audit%20Report.pdf) (v1) * [Staking](https://github.com/slowmist/Knowledge-Base/blob/master/open-report-V2/smart-contract/Prosper%20Staking%20Pool%20Phase2%20-%20SlowMist%20Audit%20Report.pdf) (v2) * [Bridge](https://github.com/slowmist/Knowledge-Base/blob/master/open-report-V2/smart-contract/Prosper%20Bridge%20-%20SlowMist%20Audit%20Report.pdf) (old token) Prosper's upgraded token contract has been audited by SlowMist and Zellic. The reports are available here: * [SlowMist](https://github.com/slowmist/Knowledge-Base/blob/master/open-report-V2/smart-contract/Prosper%20Upgraded%20Token%20-%20SlowMist%20Audit%20Report.pdf) * [Zellic](https://github.com/Zellic/publications/blob/master/Prosper%20Omnichain%20Fungible%20Token%20-%20Zellic%20Audit%20Report.pdf) Features in the future will also be audited by trusted audit partners. # Smart Contract Addresses Prosper’s core smart contracts are as follows. **Upgraded Token:** * Ethereum: `0x915424Ac489433130d92B04096F3b96c82e92a9D` * BNB Smart Chain (BSC): `0x915424Ac489433130d92B04096F3b96c82e92a9D` * Base: `0x915424Ac489433130d92B04096F3b96c82e92a9D` **Old Token:** * Ethereum: `0x8642a849d0dcb7a15a974794668adcfbe4794b56` * BNB Smart Chain (BSC): `0xed8c8aa8299c10f067496bb66f8cc7fb338a3405` **dApp:** * Staking for upgraded token: * `0x460dDE85b3CA09e82156E37eFFf50cd07bc3F7f9` (BSC) * `0x460dDE85b3CA09e82156E37eFFf50cd07bc3F7f9` (Base) * Reward campaign #1: `0xc017EE0481C45905FECFCb4176e4eE16893e4D0b` (ETH) * Reward campaign #2: `0xb4A05f1dc74876f9C59368569A9454cF09cBea2E` (BSC) * Bridge (old token): * `0xAC95f8b9f4B848E4A207b894e259cD4C82681179` (ETH) * `0x717bCA1783361E7b12367d903e23cb2FEf1F1dFc` (BSC) # Terms of Service Last updated: 20 January 2025 {% file src="/files/crjsoO0XEctHjpssPnHO" %} {% embed url="" %} # Privacy Policy Last updated: 23 October 2024 {% file src="/files/T7cGd8LqNeFzJrrgxGKj" %} {% embed url="" %} # Contact Us If you have any general questions about Prosper, please email us at . For partnership enquiries, please contact . We are also available on [X](https://x.com/prosperfi_xyz) and [Telegram](https://t.me/prosperfi).