DeFi Money Market (DMM)

[42 No.17535986]

so some big news came out today:
https://twitter.com/chainlink/status/1234496138092437504?s=20

previous thread talking about the CIA connection:
https://yuki.la/biz/17498636

Chainlink Tonight mentioned it recently in his video:
https://youtu.be/UFDCC6sRDr0


more about DMM:
https://medium.com/dmm-dao/defi-money-market-dmm-and-chainlink-launch-higher-yield-money-market-on-the-ethereum-mainnet-9a48eed1f40d

[42 No.17536000]

>>17535986

[42 No.17536018]

>>17536000
>>17498636
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.

[42 No.17536080]

>>17536018
Chainlink’s role in this system is to reliably and securely take information on the assets that
back the DMM Ecosystem, and publicize them on-chain. This includes anonymized (and
essential) information about the loans that are active, as well as the valuations of these loans.
Between the two prior bits of information, Chainlink will be able to accurately and transparently
portray the health and collateralization of the DMM ecosystem as well as inject the necessary
information for ecosystem participants to know how their crypto is being allocated to generate
interest.
There are 3 different states the cryptocurrency could be in the DeFi Money Market Ecosystem.
For the sake of continuing with our example, we will use USDC:
1. A portion of the USDC deposited is held to provide ongoing liquidity to the
DMMA, allowing users to withdraw their initially-deposited funds, plus interest,
whenever they would like. Initially, we will keep this reserve ratio (the amount of
crypto purposely kept in the smart contracts) higher to ensure there is sufficient
liquidity. As we gather more data on the usage of the protocol, we will adjust this
ratio accordingly, in order to put more of the allocated capital to work.
2. The deposited cryptocurrency is transferred out of the smart contract and into
fiat, to be allocated to more real-world assets that produce income streams. This
intermediary process may take multiple business days, since it operates at the
mercy of the legacy financial system. We will explore ways we can work with
Chainlink to make this step in the process more transparent.
3. The fiat that was transferred out in state (2) is allocated to real-world assets that
produce income. As soon as the fiat is allocated, Chainlink will receive the new
data and publicize it on-chain.
The real-world assets backing DMM include vehicles, property and other “hard” real-world
assets, which are income-generating.

[Anonymous No.17536181]

Where can i buy the dmm scam token?

[42 No.17536211]

>>17536080
Sergey Nazarov, Co-founder of Chainlink, commented on the DMM protocol saying, “We’re excited to work with DMM to pioneer development of this new class of DeFi products by providing secure and reliable oracles for sourcing information about real-world assets from trusted off-chain sources. Adding real-world assets as collateral for blockchain-based money markets has the potential to create consistent, stable yields in a decentralized, permissionless manner.”

Gregory Keough, from the DeFi Money Market Foundation stated, “We are really pleased to be working with Sergey and the whole Chainlink team in order to bridge the Ethereum ecosystem with real-world assets on-chain. Chainlink’s decentralized oracle network is an essential element to realizing this end in a provably secure manner. Chainlink allows DMM to provide an on-chain view into DMM backing, down to the level of each individual asset, with its valuation, proof of asset and other essential elements for transparency. This type of on-chain view has never been available before and we believe is a true benefit to consumers.”

[42 No.17536229]

>>17536181
>Where can i buy the dmm scam token?
https://app.defimoneymarket.com/
https://explorer.defimoneymarket.com/
https://defimoneymarket.com/DMM-Ecosystem.pdf

[Anonymous No.17536429]

This feels like a big deal, thanks for throwing this together 42.

[Anonymous No.17536464]

Based

MORE USE CASES

MORE DEMAND

[42 No.17536819]

>>17536429
https://twitter.com/DMMDAO/status/1234503498106056710?s=20

[Anonymous No.17536861]

>>17535986
>>17536819
>>17536229
>>17536211
>>17536080
>>17536018
>>17536000
Checking those trips, thanks for the write up 42

[Anonymous No.17536877]

>>17536080
what do the 700k dumps have to do with DMM?

[42 No.17536911]

>>17536877
just a fun gif to post in the thread

[Anonymous No.17537826]

>When mETH is released, it will provide the sameyield, have the same level of diversification, and, of course, its yield will be backed byreal-world, income-producing assets
finally i can speculate on tokenized DRUG ADDICTS