dAMM Finance will launch on Polygon to lend assets only on their blockchain to institutions.
dAMM Finance integrates with Polygon to connect institutional borrowers to the Polygon ecosystem
dAMM Finance is going live on Polygon! Our protocol allows the Polygon community to earn yield by lending their tokens to reputable and audited market makers with an unprecedented level of transparency and security.
Institutional borrowers that will be taking loans are whitelisted and undergo a vigorous vetting process. This includes a full assessment of their financial statements, AML screening, and KYC. Additionally, dAMM Finance has real-time risk monitoring across their portfolios built into the protocol.
dAMM Finance + Polygon
Polygon users will be able to deposit alt-coin liquidity to dAMM pools, where the tokens will be used by white-listed institutional borrowers provide liquidity across centralized and decentralized exchanges. This unlocks an incredible amount of liquidity for tokens listed in the Polygon ecosystem. Lenders can expect to earn between 5%-12% APY, depending on the asset that is forecasted.
dAMM $MATIC pool interest rates are a factor of several variables: the demand of the token from institutional borrowers and market makers, the quantity of tokens supplied by Token Suppliers, and finally the base interest rate of the pool as determined by the specific pool token.
All lending and borrowing is on-chain and visible within the markets tab of each pool. The names and addresses of all borrowers are displayed in each pool and the borrowers are are assessed for credit risk every second.
dAMM will be live on Polygon at the end of August and listing many of the largest Polygon assets, as well as listing MATIC on Ethereum Mainnet immediately.
About dAMM Finance
dAMM is DeFi’s first lending platform for any token with algorithmically determined interest rates. Any token with a liquidity pool on dAMM, market makers and investors can borrow on dAMM to provide liquidity and trade across all centralized and decentralized trading venues.
Token suppliers and market makers interact directly with the dAMM protocol to both supply and borrow token liquidity without exorbitant fees, strenuous onboarding procedures and bilateral deal negotiation. Liquidity pools are unique to each token asset and entirely transparent/publicly accessible via their respective blockchains.
Polygon is the leading blockchain development platform, offering scalable, affordable, secure and sustainable blockchains for Web3. Its growing suite of products offers developers easy access to major scaling solutions including L2 (ZK Rollups and Optimistic Rollups), sidechains, hybrid, stand-alone and enterprise chains, and data availability. Polygon’s scaling solutions have seen widespread adoption with 19,000+ decentralized applications hosted, 1.6B+ total transactions processed, 142M+ unique user addresses, and $5B+ in assets secured. Polygon is carbon neutral with the goal of leading the Web3 ecosystem in becoming carbon negative.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your dApp, get started here.