. #DMM is a defi project thats not dependent on crypto people lending the fuck out of other cryptos. It's not having volatile returns ranging from 100% APY to 1% APY. There is no smart contract exploit that empties out all assets. It's simply a protocol bridging realworld assets
to users on the internet. Borderless, permissionless stable revenue through assets in the realworld. Not usury crypto loans targeting greedy crypto dumb money. It's closer to the savings account you can recommend to your mother. You will have a simple app like Coinbase wallet
where you can tap into the DMM protocol revenue with a simple click. The realworld assets are pooled from different countries and different industries. Started with car equity loans, going to be Shipping, Aviation and Construction included soon. Just like you can
tap into lending protocols and dex through metamask, you will be able to tap into protocols like DMM with a single click. Right now DMM is still pretty unknown and heavily decentralized and thats fine. Some project need to start centralized in order to scale fast and become
more decentralized in the future. Marines know what I'm talking about. DMM is about to announce an incentive program. A type of liquidity farming for people buying the mTokens of DMM to accelerate the growth. They distribute their governance token #DMG thats used to split up DMM
into DAOs who hold and stake $DMG tokens in order to gain excessive revenue, vote on rule changes and as incentive to onboard only quality assets in a decentralized way. What they are doing is very ambitious but the next logicals step in defi. Another 'beyond tokenization' thing.
Simple 'crypto internal' lending protocols are powerful and popular enough to reach billion dollar valutations. Now is the question what realworld asset pool protocols can reach in value. The target market is a multiple bigger than basic crypto lending
And it's the perfect example of using oracles not just for simple price feeds. #Chainlink is being used to bring FIAT to Crypto and Crypto to FIAT in a reliable and fully automated fashion
You can follow @timoharings.
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