No products in the cart.
- Latest
- Trending
ADVERTISEMENT
Miami, FL, Aug 11, 2022, Chainwire
dPRIME Asset Modules Finance (DAM Finance or DAM), a protocol for creating purchasing power from cross-chain token portfolios, Arlington Capital Moonbeam Growth Fund .
The investment in DAM Finance is the third major investment by Arrington Capital Moonbeam Growth Fund. moonlight ecosystem.
DAM facilitates purchasing power from a wide range of blockchain-protected collateral, including long-tail, yield-generating, and real-world assets. In this protocol, a borrower deposits a basket of tokens in his single transaction to create his dPRIME, his Dotsama stablecoin on Moonbeam.
The DAM innovation gives borrowers more flexibility in issuing dPRIME and maintaining vaults by cross-leveraging the value of deposited collateral. As part of its product roadmap, DAM will leverage Moonbeam’s infrastructure to unlock liquidity for other parachains and blockchain-specific assets outside the Dotsama ecosystem.
Arrington Capital’s Michael Arrington said: DAM is taking a thoughtful approach to DeFi in creating a new model for purchasing power and risk management. think.”
Moonbeam founder Derek Yoo said: DAM is a great example of a new cross-chain DeFi protocol that leverages Moonbeam-connected contracts to reach assets from multiple blockchains. We will be able to provide a better user experience.
Moonbeams clear positioning as the core of the token economy for cross-chain liquidity makes it the ideal ecosystem for DAM to realize its vision, said DAM Product Lead and Co-Founder. said Harrison Comfort. Arrington Capital has been behind DAM since the beginning. Token He is delighted to have the support of a very strategic partner with extensive track record of scaling projects in the economy.
Initial deployment of DAM is targeted for the second half of this year.follow the dam twitter@DAM_Finance for additional announcements and project updates.
Arrington Capital is a digital asset management company focused primarily on blockchain-based capital markets. Founded in 2017 by TechCrunch and CrunchBase founder Michael Arrington and TechCrunch CEO Heather Harde, the company manages over $1 billion and has invested in hundreds of startups around the world. I’ve been Arrington Capital is a seasoned international team of Silicon Valley veterans and operators with deep venture capital experience and crypto roots. Arrington Capital’s first fund was He Arrington XRP Capital, which over time has expanded to multiple funds.
For more information about Arrington Capital, please visit www.arringtoncapital.com. http://arringtoncapital.com/.
moonlight is a smart contract platform for building cross-chain connected applications that can access users, assets, and services on any chain. By uniting the capabilities of Ethereum, Cosmos, Polkadot and more into his one platform, Moonbeam solves today’s fragmented user experience, unlocks true interoperability, and paves the way for next-generation applications. Open The Moonbeam platform uses integrated cross-chain messaging to enable developers to create smart contracts that access services across many remote blockchains. This approach, along with Moonbeam’s developer-friendly EVM platform, rich tooling support, and modern his Substrate architecture create an ideal development environment for building connected applications.
dam A protocol for generating purchasing power from cross-chain token portfolios through dPRIME, Moonbeam’s Dotsama stablecoin. In the protocol, the borrower is the banker, the portfolio is the collateral, dPRIME is the means of generating purchasing power, and DAM is the risk management wrapper. DAM’s key contributors have backgrounds in enterprise and public blockchain, asset management, and data science.
follow the dam twitter@DAM_Finance for additional announcements and project updates.
Harrison Comfort, Founder, DAM Finance, [emailprotected]+17867828258
