Hey /r/cryptocurrency!

I would like to explain the (DEV)eloper protocol to you guys. I find it a breath of fresh air to the whole staking mechanisms that are currently hot in crypto world, because this project adds donating to the staking world. Giving people motivation to donate again.

What does it do?

With DEV protocol, you stake in order to get more DEV over time, like other projects. But with a small difference, the developer you stake with, also gets paid in the same token. You get paid to donate, basicly. And you can also use DEV to govern the platform for proposing new markets and policies.

So how is this interesting?

One of the use cases lies with github at the moment. Github has many projects that are open source and build out of hobby/love/interest but do not receive enough payments. Also quite some nice projects are dead simply because developers cant devote their time to something anymore or because they lack the motivation. People may not be interested in donating, but they ARE interested in making money just like all the other greedy bastards in crypto! (looking at you myself) 😉 DEV Protocol makes sure that both the donator and the developer are rewarded.

With DEV protocol, a developer can sign up at https://stakes.social/ at put their project out there. Then people can choose to stake in that pool, and with that, rewarding the developer (or anyone else) for their work, and you get rewarded for rewarding, basicly.

And there is also protecting against fraud and dev’s or creators doing nothing: A quote from the website:

“Dev’s characteristic is that as the “Proof of OSS Power,” it uses the results of creators’ activities as the mining power. Open assets are now economically valued and rewarded for activity.”

What’s next?

The project has a smart team (based in Japan), that already released a easy to use github integration and aims to reward all open assets later. (so probably also a replacement for onlyfans etc hint hint) The website is also gaining a complete makeover soon, and there currently is a code audit ongoing that will make sure there are no leaks in the code. You can also find the roadmap for more things coming up.

Where lies the value of the project?

The higher the worth of the DEV token, the more rewards you and the developers(or other people) get. This means people who buy and hold or stake DEV are actually making sure the payouts to developers around the world are higher, so indirectly you are donating money by purchasing DEV and holding it. I see DEV as a token that is one of the only morally good projects that really could help the world, as there are many nice projects that are currently dead or abandoned due to lack of funding. This project is really something to motivate people to donate once again, as they get paid for donating. The current APY of DEV is 69% but varies a lot, depending on how much is staked and how much isn’t. The governance of DEV is also for its token holders and stakers.

How do i know this will succeed?

You dont have to, it already did succeed. Amongst others, Vyper, a programming language originally conceived by our well known mr Vitalik, which is also used for curve finance and uniswap v1, is already a project under the developer protocol and is gaining funding simply because others stake at their pool. You can also see on the main website that the numbers are positive. Already 70k of rewards distributed, and already 1500 OSS projects onboard.

Website: https://devprtcl.com/ and https://stakes.social/

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TL;DR: Stake $DEV tokens to donate $DEV to your favorite developer (or creator later on) and you get paid $DEV for it as well.

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Friendly Disclaimer: Of course i own some DEV tokens, and let this article only be part of your research into this project and always check out more things about the project.

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Hope you like the article I wrote, and let me know any questions! Thanks for reading =)