Jul 20, 2022
Introducing dPRIME Asset Modules on Moonbeam
The State of Affairs
There’s something really rotten in crypto, isn’t there?
Let’s rewind one year.
Exponential adoption, record TVLs and gains galore.
What happened… did Jerome scare everyone away!?
Or have certain crypto projects lacking any semblance of risk management or innovation distracted us from progressing towards a more inclusive economic system?
It’s time to take back the narrative and refocus on developing the next frontier of decentralized business models.
dPRIME Asset Modules Overview
DAM is a protocol for creating purchasing power from token portfolios, including those holding longer tail, yield generating and real world assets.
In the Protocol, borrowers are bankers, portfolios are collateral, dPRIME is the means of creating purchasing power, and DAM is a risk management wrapper.
Starting with Moonbeam-native tokens, DAM is creating purchasing power for the broadest range of blockchain-secured assets through dPRIME, a dotsama stablecoin on Moonbeam.
We want to give power back to DeFi users, enabling the mutualization of deposited assets for maintaining collateralization levels and minting dPRIME.
In other words, a user can deposit multiple assets into the Protocol within a single transaction to mint dPRIME or maintain a healthy vault value.
The Protocol is launching on Moonbeam because it’s the best way to access the the Dotsama ecosystem’s robust portfolio of assets while also supporting tokens from other EVM-compatible chains.
Our time horizon is the next decade.
Contributors and Supporters
Core project contributors include:
- Product Lead: Harrison Comfort (former BofA, Oak Hill Capital, R3)
- Engineering Lead: Noah Foltz (former Fidelity, Myria)
- Growth Lead: Sophie Holm (former R3, IC Group)
- Architecture Lead: Roger Willis (former Generative Engineering, R3, Elliptic, EY)
We’re fortunate to have a tremendous group of backers including:
- Digital Finance Group
- Arrington Capital
- Ledgerprime
- Jsquare
- D1 Ventures
- 11–11 Ventures
- Stacker Ventures
- Prominent angels within the Dotsama ecosystem such as Founders/OGs from Moonbeam, Parity, FMFW and Kira Network.
We’ve also received support from our friends @nope_its_lily, @Mudit__Gupta and @WhinfreyChris.
DAM Roadmap
Follow us on Telegram on Twitter for the latest project updates, and enter the raffle to earn a shot at allowlist opportunities over the course of our first several deployments.
More to be announced soon regarding our initial deployment and the $DAM token.
Until then, check out our hype video.
Because it’s all… PART OF THE PLAN.
