The Descent protocol is a decentralized lending protocol used to issue Dollar-Backed Currency notes (DBCN) that maintains a 1:1 peg to the value of African fiat currencies.

System Actors

Users

• xNGN Holders - These are the users that hold the xNGN token in their wallet. It could be anyone. They have basic to no knowledge about the protocol to hold xNGN
• Vault Owners - These are users that borrow xNGN against USDC. They have intermediate to basic knowledge of the protocol

Governors

• $DSN Holders - These are actors that hold the $DSN protocol token and have advanced to extensive knowledge of the protocol. They monitor, partake, and vote on upgrades/changes to the Descent protocol.

Maintainers

• Developers - They support system upgrades accepted by governors and are required to have advanced to extensive knowledge of the protocol
• Oracles - This actor is responsible for feeding data from the real world to the blockchain. This actor has to be decentralized and gotten from different sources
• Keepers - Builds/maintains systems that profit off system discrepancies and participate in auctions. E.g. Liquidation of vaults.