DEEP
The prefunded market-making reward token and the burnable input used to mint STATE.
| Property | Value |
|---|---|
| Name | Deepstate |
| Symbol | DEEP |
| Decimals | 18 |
| Voting power | None |
| Initial supply | 1,000,000,000 DEEP, prefunded to the NVDA/USDG rewarder |
| Reward distribution | Transfers from the rewarder's fixed balance |
| Future minting | Accounts holding MINTER_ROLE |
| Role administrator | STATE Governor after deployment |
| Token-level supply cap | None |
| Burning | Any holder may burn its own balance |
DEEP is earned by eligible NVDA/USDG market makers. DEEP is not the governance token. A holder deposits DEEP into the STATE vault; the vault transfers and burns it, records the burned amount, and mints STATE at the current DEEP-to-STATE ratio.
Launch allocation
Fixed allocation implementedDeployment temporarily grants the deployer MINTER_ROLE, mints exactly 1 billion DEEP into the NVDA/USDG rewarder, then revokes the deployer's role. The rewarder itself never receives mint authority.
The allocation is split into two immutable accounting caps:
- 500 million DEEP for the NVDA/USDG bid side; and
- 500 million DEEP for the NVDA/USDG ask side.
Claims transfer from the rewarder's existing balance. Unearned rewards remain locked in the rewarder after a side's 395-day schedule expires.
Distribution posture
There is no founder DEEP grant in the deployment plan. No treasury, investor, or contributor allocation is created by the production script. The initial token supply is the rewarder allocation.
That statement applies to the cited deployment code. A release manifest must still prove the exact deployed constructor arguments, role grants, and token transfers.
Mint authority
DeepstateToken uses OpenZeppelin AccessControl. The STATE Governor becomes DEFAULT_ADMIN_ROLE holder, and the deployer renounces that role. The optional DEEP_MINTER deployment parameter defaults to the zero address.
If governance later grants MINTER_ROLE, that account can mint without a token-level amount cap. Such a grant is a new supply decision and is separate from the fixed NVDA/USDG reward allocation.
Burn semantics
burn(amount) destroys only the caller's DEEP. Vault deposits transfer DEEP into the vault and burn it immediately. Burned DEEP cannot be withdrawn or restored.