i think so. if we are to believe adam, they intend to have the dao vote in the next week or two
DMG Chad General: Global Defi Summit Edition
Wtf is DMG?
what's the make it stack for this scam?
Nice. Knew they would launch it around the summit. That's the smart play from a marketing standpoint.
Defimoneymarket.com
Bringing real-world assets to the block chain. People get loans at 12-15% and use their car and soon airplanes and real-estate as collateral. They're not car loans, they're short-term loans secured by collateral.
If someone doesn't pay the collateral is collected. Utilizes Chainlink oracle's to provide real-time data about the loan status ect. The loans provide revenue at 12-15% and mToken holders receive 6.25%. The excess goes to DMG holders. This project can scale exponentially and provide passive income. I'd suggest you do some research or read the white paper.
DMG is the end game of defi we've been waiting for.
why not just buy chainlink, instead of some shady shitcoin with liens on shitbox cars.
Depends when you want to make it. The DMG ecosystem can scale indefinitely. If you want to make it by next year 5-10k. If you want to make it 3-5 years 1000 would be fine. The passive income is based on the amount of aum (assets under management) and will take longer to scale for you if you have less.
>Why not just buy a car, instead of some shady company named after a forest with warehouses and shit
What I'm most interested in will be the token burns as Governance is finished and returns rise.
just loaded up on 10k
lol literally nothing will happen. shit will dump hard when they talk about jackshit for 3 hours.