Topos is a collectively-owned project to seize the opportunity of extending DeFi benefits to the global unbanked population via a distributed network of physical on- and off-ramp locations, thus accessing an untapped $1.2tn pool of annual fiat remittances to drive global on-chain utilisation. The Topos protocol is the underlying, formal foundation of the Topos network. The purpose of the protocol is to define and govern the constellation of incentive mechanisms that enable the transfer of value between Topos’ off-chain agency banking operations and on-chain network pools in a mutually beneficial and sustainable way. The design of the protocol rewards TPG holders who proactively support the growth and stability of the on-chain network, driving the increasingly competitive value proposition of Topos’ off-chain product portfolio, which in turn channels the value trapped in distributed local microeconomies into the network of TPG holders.