DEFI is all the rage these days. DMM as an investment opportunity
on June 24th the team at Defi Money Market or DMM released their token.
The ticker for the token is DMG and I think this going to do some damage on the exchanges.
I had not heard about this but it has some mighty backers and support
The big Bitcoin Bull Tim Draper is among the backers for DMM
https://cointelegraph.com/news/tim-draper-backed-defi-project-dmm-up-2x-despite-issue-plagued-sale
But there are many more other illustrious partners to be had for this project.
What also stands out for me is that Chainlink already has a working integration going from the day of their launch.
DEFI Money Market Chainlink (Ethereum Mainnet)
Chainlink has a dedicated connection to DEFI Money Market. DeFi Money Market (DMM) Ecosystem acts as a bridge between Ethereum digital assets and real-world assets allowing holders to earn interest completely on-chain.
For the moment they are putting real-life objects like Cars equity loans up against the M-tokens
The DeFi Money Market (DMM) provides a trust-minimized, transparent, and permissionless environment on the Ethereum blockchain that empowers users across the world to once again earn a positive yield through digital assets backed by a basket of interest-generating real-world assets brought on-chain into the DeFi space.
Paying out 6.25 APY is no small feat and is a nice ROI to have for an over-collateralised project
I am glad I got some tokens now because I think this is a good bet for a good return... It is, of course, risky but if it goes 10 or 20x it gives enough return to put 0.5% of my crypto in this.