/biz/ - Business & Finance

https://medium.com/dmm-dao/dmm-dao-governance-dashboard-and-new-ecosystem-updates-dfc041dccd9

>It has been quite the exciting past month for the DMM Ecosystem to say the least. Over $2M worth of mTokens in total have been purchased (which earn revenue from by $8.7M in real world assets brought on-chain)

>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.

>The first and foremost new proposal from the DMM Foundation is the adding support for the most liquid stablecoin in the crypto space as a whole: USD Tether, otherwise known as USDT. With over $6B USDT circulating on Ethereum alone, Tether has dominated the stablecoin space since its release in 2014

>Last but definitely not least, we are excited to disclose that the next asset that can be onboarded to the DMM ecosystem beyond car equity loans is aviation aircraft! The DMM Foundation and our advisors have extensive experience in this field and can leverage this knowledge to ensure capital is used efficiently.
The introduction of a new asset class means the DMM Ecosystem, and thus mTokens, would have lower overall risk due to the increased diversification in asset classes. We will have more details on this subject as the details are finalized, but we want to gauge the communities sentiment surrounding the addition of aviation as the next asset class supported in the DMM Ecosystem

>While not a formal proposal yet, we want to inform the community that the DMM Foundation has been researching liquidity farming within DeFi, its recent success with protocols such as Compound, Balancer, mStable, and how the DMM Protocol can best leverage such an incentive feature to mTokens

Lol used car scam token is now used airplane scame token