The Sovereign Crisis of DeFi and the Credit Void
In the past DeFi summer, we witnessed the rise and fall of countless projects. Most had active communities and creative game mechanics, yet none could escape the shadow of "Ponzi".
"The core issue: Hollowing of Balance Sheets and Vacuum of Credit Endorsement."
1. Hollowing of Balance Sheets
Underlying assets rely on centralized stablecoins (USDT/USDC). Once facing regulatory scrutiny or freezing, the so-called "decentralized" edifice collapses instantly.
2. Vacuum of Credit Endorsement
Lack of native credit assets means tokens are not just governance rights but pure emotional chips, unable to support real financial business.
PG Protocol (PGP) was born not to create another DeFi protocol, but to provide a missing cornerstone for the entire Web3 world — Credit Enhancement based on Bitcoin Hashrate.
SS-Fi (Sovereign Finance) Vision
An independent financial system built on Bitcoin Hashrate Consensus (PoW) and mathematical algorithms, refusing to cede asset sovereignty to centralized fiat issuers.
The "Romance of the Three Kingdoms" in Stablecoins
USDC / USD1
State Sovereign
- •Backing:State Law & Bank Regulation
- •Essence:Digital Mapping of Fiat
- !Risk of "long-arm jurisdiction" and centralized freezing.
USDT
Commercial Sovereign
- •Backing:Private Company Credit
- •Essence:Shadow Bank Redemption Notes
- !Systemic risk, reliant on single entity solvency.
BTCD
Self-Sovereign
- •Backing:BTC Assets & Code
- •Essence:Digital Gold Minting
- ✓Transparent redemption, disintermediated, sole BTC sovereign property.
PGP Vision Upgrade: New Bretton Woods
Satoshi's Last Mile
BTCD as value-stable BTC, truly allowing Bitcoin to enter global trade settlement.
BTC Sovereign Reserve System
Providing a sanction-resistant, transparent national reserve solution for independent nations.
BTC-RWA Dual Peg Model
"BTC (Liquidity) + RWA (Traditional Collateral)", unlocking real asset liquidity.
PGP Strategic Positioning
World's First BTC Standard Credit Enhancement Chain & Web3 IPO Incubation Matrix
BaaS (Blockchain as a Service) Credit Enhancement Rental
Core Identity: Harvard Innovation DNA & BTC Hashrate Base
PGP delivers "Credit Enhancement" because of our three core capitals.
Authoritative
Harvard i-lab Incubation
Incubated at Harvard Innovation Labs. Providing top-tier credibility for partner communities, bridging the trust gap for institutional capital.
Secure
50%+ BTC Hashrate
Shared 50%+ global Bitcoin hashrate via ELA merge mining. Security dimension upgrade, matching Bitcoin mainnet's resilience.
Gateway
Nasdaq IPO Layer
More than a chain, a Web3 Digital Investment Bank. Targeting Nasdaq IPO in Q1 2026. Access to PGP means access to global capital markets.
Competitive Landscape: Why PGP?
| Dimension | PGP (Our Solution) | ETH L2 (Arb/Op) | Solana | Other BTC L2 |
|---|---|---|---|---|
| Security | Inherits 50%+ BTC Hashrate | Relies on ETH PoS | Independent PoH/PoS | Independent Consensus |
| Academic | Harvard Innovation Labs | - | - | - |
| Stablecoin | BTCD (Self-Sovereign) | USDC/USDT | USDC | - |
| IPO Gateway | Nasdaq Express | - | - | - |
03 Engines: Three Core Drivers
Flywheel for Sustained Community Wealth
Engine A: Credit Enhancement
Target: Crypto Communities
Resolves "air coins" and hollow balance sheets.
- Internal:Unique "tiered collateral" mechanism converting tokens into BTC liquidity catalysts.
- External:BeL2 cross-chain & Harvard endorsement to legitimize project identity.
Engine B: Capital Tokenization
Target: Real World Assets (RWA)
Solves illiquidity of heavy assets and high IPO threshold.
- On-chain:Legal framework converting physical assets (jets, hashrate) to on-chain assets.
- IPO Express:Nasdaq channel for full-cycle incubation from issuance to listing.
Engine C: Rigid Redemption
Target: Web2 Platforms
Solves freezing risks and B2B trust costs.
- Isolation:BTCD settlement ensures funds have BTC-level protection.
- Code Exec:Smart contracts instant splitting, ending Chargeback Fraud.
Infrastructure: Hybrid Liquidity Network
PGP builds next-gen Hybrid DEX: blending Orderbook experience with AMM security. CEX matching with DEX non-custodial security.
04 Success Paradigm: Proven Path
Crossing from Theory to Practice
FIST Community
Community Side - Retrofitting
Evolved from an emotional DeFi community to a key connector for BTC liquidity.
CAC Aviation Chain
Industry Side - RWA IPO
Tokenizing top-tier N. American aviation assets. Flagship Nasdaq IPO case imminent.
Expected Listing June 2026 on Nasdaq. Closing the loop: "Asset On-chain - Equity Financing - Compliant Listing".
View Interactive Whitepaper →Huidu Distribution Platform
Traffic Side - Web2 Payment
SS-Fi evolution of top Web2 gaming platform. Solving chargeback fraud and fund safety.
- Asset Safety (Physics)On-chain funds, physically isolating operational risks.
- Exp Upgrade (Abstraction)MPC wallet gives Web2 users on-chain accounts seamlessly.
05 Implementation Paths
Tailored Paradigms for Different Partners
Community Reshaping - "Golden Triangle (532 Model)"
Target: Crypto Community
Treasury Ballast, preventing collapse.
Credit tool, creating rigid buy demand.
Capturing overall public chain growth dividends.
Asset Listing - "RWA-IPO Pipeline"
Target: Real Enterprise
Screening quality cash flow assets
Digitization & Global Fundraising
Nasdaq / Saudi Exchange IPO
Business Enhancement - "Web2 Security Refactor"
Target: Traffic Platform
Access BTCD gateway, eliminate chargebacks.
MPC Wallet, seamless on-chain accounts.
Upgrade points to SS-Fi equity tokens.
06 Value Proposition
PGP delivers not just a chain, but a tiered SS-Fi Strategic Empowerment Package.
A. Universal Value
Universal Value
Secure Sovereignty
Escape USDT freeze risk, own independent settlement system protected by BTC hashrate.
Top Endorsement
Dual credit boost from "Harvard Academic Arch" & "BTC 50% Hashrate".
B. Community Value
For Communities
Hard Assets
Give "Air Coins" BTC-derived financial leverage, evolving into interest-bearing assets.
Liquidity Moat
"Gold/Silver Minting Consensus" locks tokens as production materials, building a natural barrier against capital flight.
C. Enterprise/Platform Value
For Enterprise & Platforms
Sustainable Revenue
BTCD fee sharing (~15% APY), providing permanent on-chain cash flow.
Cost & Efficiency
Zero Fraud (Code is Law); Zero threshold access to BTC credit layer.
Ultimate Exit (IPO)
Ultimate leap from "Issuing Tokens/Points" to "Nasdaq Listing".
07 Ecological Evolution: Three Steps to Wealth
Helping ambitious communities make the leap from "Air Coin" to "Public Company".
Phase I: DeFi
Survival
- Feature:Asset value depends on emotion, prone to collapse.
- PGP Enable:Introduce BTC ballast, build real lending scenarios.
Phase II: RWA
Transformation
- Feature:Find physical anchors, resist cycles.
- PGP Enable:Connect physical assets, upgrade value support to "Real Cash Flow".
Phase III: IPO
The IPO
- Feature:List on Nasdaq, enjoy Web2 liquidity premium.
- PGP Enable:Compliance channel & IB resources to achieve capital summit.
"In the PGP ecosystem, communities are no longer Ponzi schemes issuing air coins, but prototypes of future Nasdaq listed companies."
Strategic Roadmap
From Infrastructure Construction to Global Scale Adoption.
BeL2 Mainnet & BTCD 1.0
First batch of communities (FIST) complete SS-Fi migration.
CAC Aviation Chain Launch
RWA asset on-chain service officially opens.
Eco Expansion & Huidu Access
PG School global ops; First RWA assets tokenized; 10+ communities onboard.
PGP BaaS Nasdaq IPO
Ticker IDTL, becoming the world's first SS-Fi fintech listed company.
CAC Aviation Chain IPO
First flagship RWA target officially listed.
Global Market 500 IPOs
Scale replication of RWA-IPO model.
08 Join SS-Fi Era
We invite global DeFi communities, real enterprises, and Web2 platforms to join this financial revolution.
Official Resources
Ecosystem Products
Commercial Cooperation
To discuss Community Access, RWA Incubation or Tech Coop, please contact us directly.
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