DERP Exchange
Overview
The DERP Exchange allows users to convert their earned DD to the $DERP. Users can let their DD stack and claim whenever they like. There is no penalty for not claiming.
Users can exchange DERP ↔ DD (Derp Dollars)
Fixed rate: 1 DERP = 100 DD
A flat 5 ADA fee is applied to each exchange, regardless of direction
Derp Exchange and Interface Updates
Disclaimer: Features outlined in this section are not yet live. They are currently in development and will be released in future updates. Please refer to official announcements for specific rollout timelines and launch confirmations.
Updated ADA Fee Structure:
DD to DERP: 5 ADA fee applies
DERP to DD: No fee (free conversion)
Dynamic Exchange Rate Mechanism:
Each epoch begins with the rate of 1 DERP = 100 DD
Once 2,500,000 DD has been exchanged to DERP within the epoch, the rate changes to 1:200
At the start of a new epoch, the rate resets to 1:100
Supply Control via Mint & Burn:
DERP tokens are minted when users convert DD to DERP
DERP tokens are burned when converted back to DD
This mint-and-burn model links token issuance directly to user engagement and helps maintain balance in the ecosystem.
Visual and UX Enhancements (Planned)
The exchange interface will receive several user-focused updates:
A progress meter showing how close the current epoch is to the DD-to-DERP threshold
Display of each user’s DD circulating supply
Tracking of total DD distributed via fortification during the current epoch
Real-time visualisation of DD spending across the Derp ecosystem
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