Deepwaters is an exchange which brings the trustlessness of DeFi to centralized finance, providing provably fair and secure operations. On Deepwaters, violations of asset custody and preferential access to order flow are rendered impossible by means of code and confidential computing.

WTR is the native platform token of the Deepwaters exchange. It can be used for:

• Fees on the Deepwaters platform, where it is accepted at a fixed redemption rate of $0.70.
• Governance over the network, DAO, and DAO treasury
• Access to additional features
• Voting on new exchange features, token additions, and other functionality

WTR is an ERC-20 token on the Avalanche C-chain.

Deepwaters launched the WTR network on February 14, 2023 with a maximum supply of 350,000,000 WTR tokens. Approximately 24,765,413 were in circulation at network launch. The unlock schedule for the remaining tokens is partially time-based and partially milestone-based. 90,000,000 WTR tokens are subject to milestone-based unlocks, which are based on cumulative transaction volume on the Deepwaters exchange.

Deepwaters was founded in 2021 by Zorrik Voldman. Zorrik has extensive experience in FinTech, having sold three previous startups to large, publicly traded companies. He also ran a commodities hedge fund, based on his proprietary software, with 20+ traders. His experience of trading strategies not matching their backtested performance inspired him to found Deepwaters with the goal of eliminating the asymmetries which give certain privileged counterparties, and the exchanges themselves, an unfair advantage over everyone else.

Zorrik was encouraged to tackle this problem in crypto markets by Deepwaters co-founder Mihai Dinulescu, who has worked in crypto/blockchain since 2017 and has designed over a dozen ICOs as Director of Strategy at Ambisafe.

Learn more about Deepwaters and WTR on the [Deepwaters website](https://deepwaters.xyz/).

Deepwaters is an exchange which brings the trustlessness of DeFi to centralized finance, providing provably fair and secure operations. On Deepwaters, violations of asset custody and preferential access to order flow are rendered impossible by means of code and confidential computing.

WTR is the native platform token of the Deepwaters exchange. It can be used for:

• Fees on the Deepwaters platform, where it is accepted at a fixed redemption rate of $0.70.
• Governance over the network, DAO, and DAO treasury
• Access to additional features
• Voting on new exchange features, token additions, and other functionality

WTR is an ERC-20 token on the Avalanche C-chain.

Deepwaters launched the WTR network on February 14, 2023 with a maximum supply of 350,000,000 WTR tokens. Approximately 24,765,413 tokens were in circulation at network launch. The remaining tokens are subject to an unlock schedule based on time and milestones. 90,000,000 WTR tokens are subject to milestone-based unlocks, which are based on cumulative transaction volume on the Deepwaters exchange.

Deepwaters was founded in 2021 by Zorrik Voldman. Zorrik has extensive experience in FinTech, having sold three previous startups to large, publicly traded companies. He also ran a commodities hedge fund, based on his proprietary software, with 20+ traders. His experience having trading strategies not match their backtested performance inspired him to found Deepwaters with the goal to eliminate the asymmetries which give certain privileged counterparties, and the exchanges themselves, an unfair advantage over everyone else.

Zorrik was encouraged to tackle this problem in crypto markets by Deepwaters co-founder Mihai Dinulescu, who has worked in crypto / blockchain since 2017 and has designed over a dozen ICOs as Director of Strategy at Ambisafe.