# Ink Finance White Paper (v2.0)

## Ink Finance White Paper (v2.0)

- [Ink Finance White Paper (v2.0)](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-white-paper-v2.0.md): Updated: December 2022
- [The Inadequate DeFi Lending Regime](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/background/the-inadequate-defi-lending-regime.md): The current DeFi lending regime is a leveraged play of highly correlated assets, which is severely inadequate and inherently risky. Credit-based DeFi is urgently needed.
- [An On-demand SaaS for  Credit-based DeFi](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/an-on-demand-saas-for-credit-based-defi.md): Ink Finance aims to introduce a new regime of DeFi that's based on management competence and financial creditworthiness.
- [Key Objectives and Features](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features.md): Rationales behind the design objectives, and the delivered features, on the Ink Finance platform.
- [Scalability of On-chain Execution](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/scalability-of-on-chain-execution.md): Scalable support for coherent integration of the most consequential decision making and the on-chain execution, in a loophole-free framework.
- [Convenience of Plug-and-Play](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/convenience-of-plug-and-play.md): Allowing DAOs to pick the operational units, out-of-the-box, that are best suited to their dynamic growth and evolution.
- [Hierarchical Economy](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/hierarchical-economy.md): Taking full advantage of blockchain and tokenization to implement dynamic relationships between the different divisions, or subsidiaries, of a Web3 organization.
- [Integrity Assurance](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/integrity-assurance.md): Answers to the challenge of Sybil and whale attacks in a blockchain operating environment.
- [Comprehensive Fiscal & Financial Tooling](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/comprehensive-fiscal-and-financial-tooling.md): The most comprehensive and professional tooling in the Web3 space, while convenient and flexible.
- [Bespoke Financial Products](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/bespoke-financial-products.md): Whether it is for asset management or project funding, bespoke financial products can be issued, cleared, risk-managed, and described on-chain.
- [Compliance to Regulation](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-finance-overview/key-objectives-and-features/compliance-to-regulation.md): There is no avoidance of regulatory oversight of on-chain financial activities.
- [INK Modules Overview](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-modules-overview.md): INK Modules are bundled and related code packages supporting the development of Ink Finance applications.
- [INK Products Module](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module.md): Code packages supporting all fiscal and financial capabilities, including safe custody, financial products issuance, risk management, and more.
- [Unified Custodian Vault](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/unified-custodian-vault.md): A multi-asset holding construct capable of safekeeping any form of assets, with fully programmable control mechanism.
- [InkEnvelope](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/inkenvelope.md): A wrapper of heterogenous assets from various originating networks or systems, secured with end-to-end governance integrity.
- [Product Representing Ownership of Equity](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/product-representing-ownership-of-equity.md): The complexity of issuing even the simplest instrument representing ownership of equity or right is unaddressed on blockchains.
- [Lending Product with Option-like Risk Control](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/lending-product-with-option-like-risk-control.md): The crude schemes used in the prevailing DeFi lending protocols do not address default risk properly. A unique reward-driven and option-like risk control is introduced for collateral-backed lending.
- [Asset Management Products](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/asset-management-products.md): Asset management refers to raising proceeds first and then deploying them as investment purchases.
- [Example - A Crypto ETF](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/asset-management-products/example-a-crypto-etf.md): An ETF, or Exchange Traded Fund, is a passively managed fund, which is invested in a portfolio of multiple instruments chosen according to a preset formula of composition.
- [Example - A Private Fund](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-products-module/asset-management-products/example-a-private-fund.md): A private fund can hold ownerships of anything from the off-chain world that is neither in an immediately tradable format nor in an established marketplace, an ideal vehicle for VC and angels.
- [INK Governance Module](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module.md): Code packages related to a DAO’s organizational, decision-making, and execution facilities.
- [Hierarchical DAO Construction](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/hierarchical-dao-construction.md): Both top-level or sub divisions of a large ecosystem can be constructed with intuition and ease.
- [Administrative and Financial Control](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/hierarchical-dao-construction/administrative-and-financial-control.md): Any administrative and financial control relationships can be implemented on-chain with INK Governance Module.
- [DAO Tokens and Badges](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/hierarchical-dao-construction/dao-tokens-and-badges.md): Fully customizable schemes supporting balance of power among stakeholders, autonomy, and whale-resistance.
- [The INK Staking Engine](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/hierarchical-dao-construction/the-ink-staking-engine.md): The core economic engine driving DAO governance.
- [Voting Power](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/voting-power.md): Different organizations will have different philosophy regarding voting power of their ecosystems. The INK Governance Module's built-in voting modes allow them to choose.
- [Execution of Resolutions](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/execution-of-resolutions.md): Integrity and security from decision making to execution is built into the INK Governance Module.
- [Executing Off-chain Resolutions](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/execution-of-resolutions/executing-off-chain-resolutions.md): Not all decisions can be, or should be, executed on-chain.
- [Executing On-chain Resolutions](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/execution-of-resolutions/executing-on-chain-resolutions.md): The most consequential resolutions, particularly regarding financial operations, are executed on-chain by smart contracts.
- [“Plug-and-Play” Committee Configuration](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/plug-and-play-committee-configuration.md): The most likely used operational units are "pluggable" into the base framework, giving DAO users the flexibility and ease to adapt and pivot.
- [“Pluggable” Committees and Use Cases](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/plug-and-play-committee-configuration/pluggable-committees-and-use-cases.md)
- [Integrity of Managers](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/plug-and-play-committee-configuration/integrity-of-managers.md): Managers of a DAO must have integrity and accountability.
- [Intra-Committee Operations](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-governance-module/intra-committee-operations.md): Operations within Committees are presented as a "setup-approval" workflow, implemented as internal proposing-voting processes.
- [INK Multichain Module](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-modules-and-use-cases/ink-multichain-module.md): Code packages related to propagating a DAO’s financial decisions to other blockchain networks, for the purpose of gaining cross-chain liquidities.
- [INK Integration Module](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/ink-integration-module.md): Code packages related to integrating with other decentralized protocols or Web2 infrastructures, enabling Ink Finance to be developed with a layer of abstraction and decoupling.
- [QUILL Utilities and Value Proposition](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/quill-utilities-and-value-proposition.md): QUILL is the native token of Ink Finance protocol, which is operated by the INK MAIN DAO. It is a governance capital, fee capture utility, and publicly owned incubation capital.
- [Governance Capital for DAOs](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/quill-utilities-and-value-proposition/governance-capital-for-daos.md): Much better than Web2 SaaS, Ink Finance uses the QUILL tokens to align the interest of the platform and its DAO users.
- [Fee Capture Utility](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/quill-utilities-and-value-proposition/fee-capture-utility.md): As a non-security token, QUILL will be explicitly monetized with the captured fees by the Ink Finance platform.
- [Public Incubation Capital](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/quill-utilities-and-value-proposition/public-incubation-capital.md): A unique way of encouraging public QUILL token holders to sponsor and incubate upcoming DAOs and share their growth.
- [Allocation and Vesting](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/allocation-and-vesting.md)
- [INK Economy Rules](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/ink-economy-rules.md): The economic values of the Ink Finance platform is embedded by the QUILL tokens and how the INK MAIN DAO Treasury operates.
- [QUILL Emission Pool](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/ink-economy-rules/quill-emission-pool.md): The initial statking reward accounts for 20% of the totally issued QUILL tokens, with a smooth emission curve over 20 years. The pool will be replenished after its depletion by treasury income.
- [The INK Treasury](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/business-model-and-tokenomics/ink-economy-rules/the-ink-treasury.md): The management of INK Treasury follows the same principle of transparency applied to the user DAOs.
- [Core Team](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/about/core-team.md): A perfect blend of veteran Wall Streeter, corporate financier, FinTech leader, and crypto professional.
- [Follow Ink Finance](https://ink-finance.gitbook.io/ink-finance-white-paper-v2.0/about/follow-ink-finance.md)