The Origins

"We do not start from zero, but choose to reconstruct order from ruins."

The birth of civilization has never been an instant design, but a choice made after trials and failures.

The emergence of ARK DeFAI is not accidental—it stems from the collapse of an old order and a collective disillusionment.

Prologue: Inspirations from the "Old Protocol"

Once, we followed a dream together with thousands of people: to establish an on-chain central bank, creating a value system that requires no collateral.

That was the story of the Old Protocol Model.

What the Old Protocol Model brought wasn't just debt issuance, treasury, and rebase; it initiated the first collective experiment in "protocol autonomous monetary policy."

It showed us that protocols can control their currency issuance, possess their asset structures, and define their stability.

But it also revealed to us:

• Governance relies on human consensus, resulting in parameter lag

• Treasury cannot be actively allocated, lacking model-based risk control

• Faith overrides structure, and civilization becomes consumed by emotions

We witnessed firsthand how a great system moved from order to fragility, from prosperity to silence.

This was not the fault of the Old Protocol, but the limitations of human governance.