# DFract whitepaper overview

{% hint style="warning" %}
**Update, Nov 2nd 2023 : DFract Beta Version is being discontinued.** \
No new deposits are accepted. \
Withdrawals of $USDC.axl will be available by the end of November 2023.\
\
Read all the details: <https://medium.com/lum-network/sunsetting-the-dfract-protocol-beta-version-a2277bce07fb>
{% endhint %}

**DFract is the first** [**Interchain**](https://cosmos.network/) **yield earning index.**\
The Interchain is the Internet of Blockchains. \
It's the set of all the IBC-connected blockchains.

This whitepaper covers the concepts and inner workings of the DFract Protocol. It is divided in seven sections:

* Welcome
* The fundamentals
* DFract tokenomics     <mark style="background-color:purple;">**coming soon**</mark>&#x20;
* The web app
* The roadmap      <mark style="background-color:purple;">**coming soon**</mark>&#x20;
* Extra content
* Get involved

**Note: DFract is currently under public Beta version, so the contents in the whitepaper could be changed in the future.**

{% hint style="info" %}
This **whitepaper describes the V1 version the DFract Protocol**, the full version that is envisioned down the road.\
\
**For now, DFract is in a Beta version** and will go through many steps before reaching its ultimate version.

In this Beta version, the DFract Protocol will **not implement any mechanism to swap back** $DFR against any other token. Hence $DFR holders won’t be able to claim back the assets they have provided originally on the application. Moreover, DFract users will only be able to buy $DFR with $USDC directly on the Protocol built on top of the Lum Network.\
\
To read more about **the current version, you can head to the&#x20;*****Roadmap*** section.
{% endhint %}


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