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The cliff functionality introduces a whole new use case for DEIP and its onboarded creators.
DEIP, the first web3 domain-specific protocol designed for tokenization and governance of high-value intangible assets, has announced its partnership with Roketo, a real-time financial streaming protocol. The partnership between the duo is designed to help DEIP to set up about 1000 streaming avenues using Roketo’s technology as it explores functional ways to reward the stakeholders in its community including contributors, participants, and its own team members.
The Web3.0 ecosystem is evolving at a very fast pace, and new innovations are being introduced on a daily basis. Amongst the core focus of the industry is its suitability for creators as it permits them to churn out their content and connect directly with their audience without the need for a third party.
DEIP is a protocol that is built on this model, and it enables the discovery, evaluation, licensing, and exchange of intangible assets. it is designed specifically for intangible asset tokenization (in the form of F-NFT), governance (via DAO), and liquidity (via DeFi instruments and derivatives).
“Financial streaming allows us to introduce new incentive models for our contributors and community members while preserving transparency and openness”, said Dr. Dimitri Sidorovich, Co-founder of DEIP. “Now, we can set up the vesting period and cliff in a flexible way to accommodate innovative use cases to reward our community in the best way.”
With Roketo, DEIP can launch new incentive models that can further foster the mutually beneficial relationship between creators and their community, while preserving trust and transparency. The Roketo technology also enables DEIP to set up a vesting period and cliff, in such a flexible way that community engagements and the accompanying reward will not be hampered.
Insights into the Cliff Functionality on DEIP by Roketo
The cliff functionality introduces a whole new use case for DEIP and its onboarded creators. With the cliff functionality, investments, community airdrops, and employee vesting can easily be remodeled in a way that benefits everyone.
As described in a press release shared with Coinspeaker, the Cliff functionality allows the recipient to see the money incoming but the “withdraw” option will remain inactive until a certain date. At the same time, the transaction is uneditable, so the sender will not be able to stop the stream, and the recipient will not need to be bothered about their funds.
“We’re truly proud to know Roketo is supporting DEIP on its mission to foster a new creative economy,” said Taras Dovgal, Co-founder at Roketo. “DEIP now has the access to the streaming tools that are needed to handle payments in a flexible way across its protocol ecosystem, including its team.”
The entire offering of DEIP is to prove that the creator economy in the Web3.0 era can be more flexible and robust when compared to what Web2 offers. One of the ways to do this is to showcase that crypto streaming offers a “flexible and effective way to handle token allocation while moving away from the traditional finance tools that failed to support the creative economy to its fullest.”