Introduction to DevvISE
DevvISE is the patented liquidity provisioning system that will be deployed for DevvExchange, the next generation of digital asset exchanges. Users can contribute their assets into a DevvISE “Liquidity Cache” to earn a share of rewards created by the protocol’s revenue streams, while maintaining complete self-custody, privacy, theft and loss protections; and most significantly uncompromised compliance for institutional clients.
DevvExchange is the first digital asset exchange that completely removes Counterparty Risk in asset exchanges thanks to the innovations inherent in Contingent Transaction Sets (CTS) and Mathematically Instant Settlement (MIS), powered by the scalable DevvX Blockchain. By removing the need for any 3rd party involvement in the settlement process, the risk is likewise mitigated. DevvExchange is the only feature-ready option for global adoption across TradFi and DeFi that takes full advantage of the benefits of tokenization.
There is no better place to earn passive yield from your assets than with a DevvExchange wallet and DevvISE. Additionally, DevvExchange has a strong referral program, where referrers can share in revenue from all referrals.
To benefit from this truly unique affiliate rewards opportunity, Sign Up Now: www.devvexchange.com
How does DevvISE work?
DevvISE defines an asset as either a PDA (primary digital asset) or an SDA (secondary digital asset). Unlike fractured liquidity pools in DeFi where a new pool is created for each trading pair, a PDA is always paired against an SDA within a Liquidity Cache to unify all volume though just two SDAs – DevvE and Fias. DevvISE assets can be used for a number of purposes such as market making, immediate conversions between assets, and lending.
Note: There is only one type of SDA/SDA liquidity cache. This enables complete liquid value transfers between metaverse and social assets and real world assets. There are no other SDAs outside of DevvE and Fias in the DevvISE system.
Immediate Conversion Example: BTC/DevvE, the first asset (BTC) is considered a PDA and the second asset (DevvE) is the SDA. A typical trading pair such as BTC/USD would be routed as:
BTC converted to DevvE using BTC/DevvE & DevvE then converted to USD using DevvE/USD
This trade or payment is completed within a single Contingent Transaction Set, such that there is no risk that the entire conversion will not go through at once, and a conversion from BTC to USD, or any other asset, occurs with Mathematically Instant Settlement. Assets remain entirely within the user’s own self-custodied wallet, at all times before, during, and after a conversion. For the first time, this removes all counterparty risks including custody and exchange risks that are present across all other forms of both traditional finance and decentralized finance.
Rebalancing of Liquidity Caches is handled automatically by the DevvISE protocol, which is used towards preventing impermanent loss. Similarly, Liquidity Caches can be utilized for market making activities and within the DevvISE lending protocol. All three uses are further described below.
How can I earn from DevvISE?
In the tokenization age, participants not only maintain value in the assets themselves, but they also can earn based on the use of those assets. When users contribute to Liquidity Caches, they share in upside from the entire system across various revenue streams.
Users who contribute both PDAs & SDAs into a DevvISE Liquidity Cache earn rewards based on the use of those assets.
Asset contributors can take advantage of well-established business models across multiple sectors to earn from the use of their assets. The initial revenue streams DevvISE will create includes:
- Exchange Operations and Trading Fees
- Instant Conversions and Payments
- Market Making
- Lending
DevvExchange has introduced a referral program where up to 60% of trading fees generated by referrals will be given to those making referrals. Furthermore, referrals to users who provide liquidity will also earn additional rewards in the referral program.
This is an extremely powerful concept with upside for anyone leveraging their network, from KOLs, marketing managers, crypto communities, or any organization with large customer bases.
Immediate Conversions (Payments)
Instant conversion, such as by payment solutions, are also powered by Liquidity Caches – enabling immediate, trustless conversion between assets without relying on external buyers or sellers. With DevvISE, payments can be sent and received in any form as determined by the sender and receiver.
???? How It Works
Users that contribute PDAs & SDAs share in the revenue by the fees that DevvISE creates from payments.
Payment Example:
Let’s say a user wants to buy a cup of coffee with their Bitcoin but the merchant wants to receive USD.
- The user initiates the payment from their BTC wallet.
- Within a single Contingent Transaction Set, comprised of 3 transactions, Bitcoin is sent to the BTC/DevvE Liquidity Cache and is converted to DevvE, that DevvE is sent to the USD/DevvE Liquidity Cache converting it to $USD, and the $USD is then sent to the merchant.
- The recipient gets their funds in the preferred asset – instantly and without price slippage or counterparty risk thanks to CTS & MIS.
Payments can be initiated though existing mechanisms such as credit cards or payments through a QR code.
???? How Users Share in the Revenue
Anyone who contributes assets to a Liquidity Cache is helping make these instant conversions possible. In return, they earn a share of the payment fees.
???? Why It Matters: Payments is a big business
Payments Network fees have varying levels depending on the type and complexity of transaction that DevvExchange can dramatically simplify. Applications like WeChat Pay charge about 0.1%, while retail card payments in the US can exceed 3%. Cross-Border transactions often net additional fees putting them at a global average of around 6.5% per transaction. It’s a big business and DevvExchange simply does it better, allowing users to pay instantly with crypto.
Visa $32.6 billion
Mastercard $25.1 billion
PayPal $29.8 billion
Stripe $4–5 billion
Square $22.7 billion
The total transaction value with digital payments is projected to reach US$20.37 Trillion in 2025 (according to Statista) with an expected CAGR of 15.90%. The future of payments is on blockchain, and DevvISE has capabilities for payments that no other blockchain has.
Market Making
PDAs and SDAs that are contributed to a Liquidity Cache can be used by the DevvISE protocol for market making activities on DevvExchange.
How It Works
Users that contribute PDAs & SDAs share in the revenue created by DevvISE through market making activities. Market making is a proven and highly lucrative business.
Spread Example:
DevvISE is market making BTC/Euro trades
It places two orders:
- Buy BTC (bid) at €49,950
- Sell BTC (ask) at €50,050
That’s a €100 spread. Market makers buy at the lower price and sell at the higher price, in which they profit from the spread. Users who contribute assets into BTC and Euro Liquidity Caches share in the value captured by the spread in trades across those assets.
Market making is a proven business. In 2024, two of the largest market makers in the US, Citadel Securities and Jane Street, generated significant revenue. Citadel Securities reported a record $9.7 billion in full-year trading revenue, while Jane Street posted $14.2 billion in net trading revenue for the first three quarters of the year, already surpassing its previous record. Integrating access to the order flow for DevvExchange with the Liquidity Caches in DevvISE is a valuable concept and creates strong utility for the assets held in Liquidity Caches. Below is an example of the order of magnitude of fees that can be generated by DevvISE Liquidity Caches used in market making as the exchange grows1. These fees are shared in the referral program.
| Daily Transaction Volume (in millions) | Comparable Exchange | Yearly Market Making Revenue Estimate1 |
| $615 | BitStamp | $17,000,000 |
| $2,700 | Huobi | $75,000,000 |
| $7,300 | Coinbase | $200,000,000 |
| $33,000 | Binance | $925,000,000 |
Lending
DevvISE introduces a breakthrough lending system where users can earn yield on digital assets like BTC, ETH, stablecoins, or DevvE and Fias – without giving up self-custody or exposing their funds to vulnerable smart contracts. The lending protocol built into the DevvX architecture allows for loans that have no risk on the collateral to lenders. DevvExchange’s approach further gives theft protections, private key loss protections, and regulatory compliant privacy.
How It Works
- Users contribute assets (PDAs or SDAs) into a Liquidity Cache.
- Borrowers take loans and pay interest through a contract defined on-chain.
- If a loan goes into default, the system can send the collateral directly to the lender, thereby removing risk around lending.
- Collateral remains in the borrower’s wallet if there is no default, which provides for additional security and tax advantages in certain jurisdictions.
This allows digital assets to be lent out without the need for inefficient overcollateralization, unlocking better rates for borrowers and safe returns for lenders.
Revenue Model
Lending participants earn revenue through:
- Interest Payments: Typically ranging from 4% to 15% APY, depending on asset type and borrower profile
- Origination Fees: Optional flat protocol fees on loan creation
Revenue is distributed proportionally to all lenders based on their contribution and the demand for the assets they’re lending.
Market Opportunity
The global lending market is massive — valued at $12.17 trillion in 2025, with projections hitting $15.99 trillion by 2029, growing at a 7.1% CAGR.
DevvExchange and DevvISE gives users a way to earn institutional-grade yield with full control, transparency, and zero risk on loan collateral — helping fund ecosystem growth, liquidity, payments, and innovation. Due to the risk profile of our loans, access to these type of revenue streams are significant for asset managers with dormant capital. Lending that is implemented with DeFi principles, but where it is usable by traditional finance entities, is one of the largest upcoming growth categories in the blockchain space.
Compounding lending with market making, exchange fees & payments, creates the perfect environment to build the deepest liquidity as there is nowhere better to utilize your assets.
You can now sign up for early rewards on our onboarding platform: www.devvexchange.com
The information presented herein, and any other materials provided by Devvio Inc, DevvDigital Inc or DevvISE are intended only for discussion purposes and are not intended as, and do not constitute, an offer to sell or a solicitation of an offer to buy any security, and should not be relied upon by you in evaluating the merits of investing in any securities. These materials are not intended for distribution to, or use by, any person or entity in any jurisdiction or country where such distribution or use is contrary to local law or regulation. The information set forth herein does not purport to be complete and we assume no obligation to update or otherwise revise such information. The information contained herein does not purport to contain all the information that may be required to evaluate participation in our programs. Any offering related to our programs are made only pursuant to separate defining legal agreements. These agreements should be read in their entirety and constitute the only basis in which participation will be defined. DevvExchange and DevvISE are speculative and involve a high degree of risk. There can be no guarantee that DevvExchange’s or DevvISE’s objectives will be achieved. The referrals programs are subject to change at any time. DevvDigital and DevvISE reserve the right to alter the program in any way in their sole discretion, or even discontinue the programs in their entirety. *1 – market making revenues and daily trading volume are difficult to find exact values, particularly in the crypto space. The description in the table does not represent projections, nor is it even a model. It is only a simple calculation based on assumptions that could vary widely from actual results. Using the Flowdesk 2024 annual report as an example, Flowdesk, a market maker, had revenues of €479m on €6.2 trillion of trading volume. Therefore, for every €1 of revenue, on the order of €13,000 of trading volume occurred. A similar analysis from Citadel’s public filings, for example, produces a similar order of magnitude ratio. Values were calculated assuming the DevvExchange trading volume would lead to comparable levels of market making revenue per volume through its market makers including DevvISE. This assumption is unproven and can vary widely in actual results. Therefore, these figures are only intended to give a rough estimate of potential revenue, but should not be relied upon. As an additional reference, Cumberland, a crypto market maker, was described to have made over $400 million in revenue by a 2024 SEC complaint against it. The information herein is not intended to provide, and should not be relied upon for, accounting, legal, or tax advice or investment recommendations. You should consult your tax, legal, accounting, or other advisors about the matters discussed herein. We believe the information contained in this document to be reliable but make no warranty or representation, whether express or implied, and assume no legal liability for the accuracy, completeness or usefulness of any information disclosed.