/biz/ - Business & Finance

Was this the most elaborate rugpull in crypto history?

>>24665502

>>19620252

>>19229430
Dont we all

Hey guys I need some serious eyes on this
It's the other latest guest they just added, it's a project that hasn't even been announced yet but you can find this with google
Seems like next level defi shit, defi connected to real world assets

https://defimoneymarket.com/
https://defimoneymarket.com/DMM-Ecosystem.pdf
https://rinkeby.etherscan.io/address/0x02ee9AEbb75470D517BFf722D36762d2b231539C
https://docs.chain.link/docs/defi-money-market-chainlink-testnet
https://github.com/defi-money-market-ecosystem/protocol/wiki
been on testnet for two weeks
whitepaper is full of chainlink implementation details

>One of the few living recipients of CIA's Intelligence Star Medal for extraordinary courage in the line of duty.
wtf, how deep does the sergey rabbit hole go

we believe a crucial gap that needs to be filled is
blending real-world assets with digital assets. By bridging these two ecosystems, we are able to
bring the strengths of both ecosystems to the table

DMM & Chainlink Partnership
We believe DMME is poised to rapidly capture part of the multi trillion-dollar market seeking secured yield

The real-world assets backing DMM include vehicles, property and other “hard” real-world
assets, which are income-generating. The assets pledged serve as collateral for DMM and are
secured through a first lien, senior-secured position (meaning it is above all other rights and
have first priority in the event of lack of payment). If income payments produced by the loans
are not met, the secured asset can be sold to recover the capital and add collateral back to the
system. The income produced by the loans is used to cover the interest payments due when
DMM is converted back to the original digital asset, plus interest.
The initial backing of DMM will be a pool of vehicles, which we believe is the first time that vehicles have been tokenized to
provide interest in this manner.