I mean really, truly understand what mTokens + new instances of $ flow (like the mentioned Aviation) could do alongside EXCHANGES implementing mTokens? It already happened with that 1inch exchange, but I'd suspect almost all exchanges will bend the knee.
I think there's a reason DMG is held by LINK whales, and its run reminds me of a hyper speed version of chainlink's 3 year phase.
Understand this : "In order to support more yield-seeking users, our second proposal is to raise the total debt ceiling of the DMM Ecosystem from $10M to $20M. This would be done by readjusting the individual debt ceilings for each mToken to match user demand. As the revenue generated by the real world assets backing the DMM Ecosystem is higher than the interest due to mToken holders, the debt ceiling can safely rise to support more user deposits. Once user deposits flow in, the DMMF (eventually the DMM DAO) will then be able to purchase more real world assets to raise the revenue generated in the DMM Ecosystem, which then enables the ability for the debt ceiling to be safely raised again. The debt ceiling is on a per asset basis and you can see the current values and the new proposed values. mUSDC: 3,500,000 -> 8,000,000 USDC mDAI: 3,500,000 -> 3,000,000 DAI mETH: 10,000 -> 5,000 ETH mUSDT: 0 -> 8,000,000 USDT In summary, the debt ceiling of USDC and USDT would increase due to high levels of market-wide liquidity and increased user demand, while DAI and ETH would lower to make room for USDT and lower the Ecosystem’s risk exposure. The DMM Ecosystem is best optimized for stable value deposits, as non-stablecoin assets like ETH incur higher risk due to volatility and are generally more expensive to support than ones due to the hedging exposure."
To ensure this process can be decided upon in a decentralized manner, we have been working on creating an initial version of the governance dashboard to enable DMG governance token holders to put their tokens to use and vote for different actions to be taken. While this initial version is designed to be a simple interface to test the incentives and procedures, this governance dashboard will end up being the hub where all governance actions of the DMM DAO take place.
While not yet live, the interface will be hosted at dao.defimoneymarket.com and will give a glimpse into what is possible in the future. This dashboard will be used for voting in the following proposals listed below, using the DMG governance token. The beginning date of voting and for how long is still being determined, but our goal is to get this infrastructure up and running in the near term.
Nathan James
Yeah bruh
Landon Ward
One of the most important takeaways from this. YIELD FARMING ------ "The idea would be that mToken holders (those who deposit onto app.defimoneymarket.com) would not only earn a stable 6.25% on their deposits, but they would also earn DMG over time by providing their liquidity to the DMM Ecosystem. This would enable more interest-generating real world assets to be purchased to grow the ecosystem. However, since DMM only supports lending on-chain (while borrowing is off-chain), the total debt ceiling would likely be a bottleneck and may crowd out new users and exchanges who wish to earn a stable passive yield."
anyone not stackin up dmg here is a brainlet.
Michael Hall
I didnt buy link back in the day because of all the fud despite my instincts. Not letting that happenn with this one. It's hard when I'm all in and am watching other shit coins I may have invested in do a quick 2x, but long term I know the risk to reward with this is the best you can find right now.
I do think that if they fail to get traction with the tokens that this can be slow to take off or even fail, but I trust the team has a plan to encourage adoption-- especially after this last update
Kayden Bailey
The only thing that would make me more comfortable would be for the team to address the maker dao fud
Nolan Powell
ask yourself what factors you can influence to make yourself more comfortable, sissy
Christopher Myers
It's not FUD. Why do you expect everyone to answer every little minute detail of everything. Unreasonable.
Austin Powell
I don't say this often, but nice thread. Thanks, OP
