What is DMM DAO? (in 60 seconds)
Published in
1 min readJul 24, 2020
DeFi Money Market DAO, known as DMM DAO “DMG”, is a new Defi product on the market backed by Tim Draper. Users are able to earn a 6.25% APY on ETH, DAI, and USDC, which is collateralized by interest-earning real world assets. DeFI is an acronym for Decentralized Finance. Decentralized Finance is the combination of financial digital assets, smart contracts (code based contracts), protocols (rules governing code), and Dapps (decentralized apps) that operate to provide financial services. DMM DAO is currently supported by vehicles and airplanes, and will possibly expand to real estate in the future.
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