While the content of this white paper was formulated to provide reference to the future development direction and purpose of the protocol, the content to be developed is subject to change at any time based on governance decisions. Digital assets are not fiat currencies and the protection of the principle is not guaranteed. DON Tokens are utility tokens that facilitate the use of the Donkey Protocol and they do not represent any forms of securities. DON tokens do not grant any rights, such as ownership, voting rights, or residual claims in regards to the Donkey protocol. Voting rights for determining the development and operational direction of the protocol will be granted in proportion to the duration of DON token staking. This is not the function of the DON token itself but a separate right granted as result of staking DON tokens. Trading of DON tokens should always be performed with caution. Chain Partners Inc., do not guarantee the protection of the principal nor provide any financial guarantees or warranties. The aforementioned company will only develop the software required for the operation of the Donkey protocol and immediately upon the deployment of Donkey on the Ethereum mainnet, DAO (Decentralized Autonomous Organization), which will make decisions based on the voting rights created by DON token staking, will be responsible for the operation of Donkey. Developers of Donkey will not be responsible for any decisions that have been made based on DAO discussion and voting. Software developers, like any other token holders, can selectively exercise only the limited rights granted to the tokens. Investors are solely responsible for any consequences related to the trading of the tokens. Information used to introduce Donkey that comes from a third party such as charts, data, market size, market share, market conditions, and trading volume have been cited with the intention of providing data as objective as possible. However, it is not confirmed whether the third party of the original source has verified the accuracy of the data. A DeFi project is a digital asset-based financial service that is P2P based on smart contracts on the public blockchain. As all transactions are based on smart contracts, the stability and safety of the protocol may be affected by various factors such as instability of the blockchain network due to 51% attack or hard fork, unknown security problems related to users’ wallets, cyber hacking, cyber terrorism and other attacks, or oracle-related problems. DeFi protocol users must clearly understand that they are using this service and participating in the trading at their own risk. The developers have designed and developed the software with their utmost efforts to maximize stability, and the software has passed the external security audit carried out by SOOHO, a blockchain security company. Unknown potential security vulnerabilities nevertheless can exist at any time, and despite no issues found at present, the possibility of future updates leading to new vulnerabilities must not be ruled out. Users must be aware of the possibility that all or partial digital assets they have deposited may be lost for various unknown reasons including issues concerning smart contract, blockchain network, wallet security, and due to the users’ mistake of losing their private key. As Donkey is a loan protocol, liquidation may occur due to the drop in the value of the collateralized assets. In order to avoid the possibility of liquidation as much as possible, it is advised that users always keep their loan to deposit assets ratio low. The user is fully and solely responsible for any potential monetary loss in the process of using Donkey due to unknown potential security problems, normal liquidation process, and so forth.