> For the complete documentation index, see [llms.txt](https://providence-labs.gitbook.io/providence-labs/llms.txt). Markdown versions of documentation pages are available by appending `.md` to page URLs; this page is available as [Markdown](https://providence-labs.gitbook.io/providence-labs/welcome.md).

# Welcome 

Providence will allow users from across the globe to speculate on DeFi protocol growth metrics such as TVL, protocol token market capitalisation, and borrowing rates.  

Since the emergence of DeFi it has become apparent that native protocol tokens are often unsuitable investment vehicles for DeFi investors. High inflation rates stemming from token vesting require users to partake in complex DeFi strategies to mitigate against position dilution. Furthermore, the native tokens of DeFi protocols frequently exhibit a poor correlation between the token price and token market capitalisation (*often to the detriment of the token price*) leaving speculators fighting with one hand behind their back. Beyond this, tokens often suffer to a greater extent in relation to negative market events, irrespective as to whether such events are linked to the protocol itself. 

Tokens have their place within the Web3.0 ecosystem and can sometimes lead to major positive financial returns. However, we believe that it is time for the market to evolve. 

We are building an alternate way to invest into the DeFi ecosystem. We foresee a future where DeFi investors speculate across both tokens and growth metrics of the protocols. As a result, the prospects for new speculative products and portfolio management strategies vastly increase.

[**Welcome to Providence.**](#user-content-fn-1)[^1]

{% embed url="<https://www.youtube.com/watch?v=42kQo0PLzHU>" %}

[^1]:


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