[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

View post   
File: 356 KB, 1918x1242, dmginjailbitch.jpg [View same] [iqdb] [saucenao] [google]
21915395 No.21915395 [Reply] [Original]

mToken integrations with large exchanges incoming. yield farming will pick up then. you didn't hear it from me.

>> No.21915433

>>21915395
how to yield farm this coin?

>> No.21915435
File: 35 KB, 512x512, 1563503463685.jpg [View same] [iqdb] [saucenao] [google]
21915435

>>21915395

This is all publicly available common knowledge, but thanks for the secret

>> No.21915611

>>21915433
incoming.

>>21915435
but do you really *understand* ?

>> No.21915666

>>21915611
The implications are pretty wild. Hopefully glow boy can pull it off.

>> No.21915722

>>21915433
>>21915611
>>21915666
very nice
what's the implication? exchanges will store a portion of user funds in massets and kickstart the acquisition of loan tranches?
yield farming with incentives for guaranteed lockup?

>> No.21915734
File: 15 KB, 420x420, 1582954146865.png [View same] [iqdb] [saucenao] [google]
21915734

>>21915611

The interest collected on their interest-bearing assets in excess of 6.25% will be administered to DMG holders shortly after a governance vote, interest which scales alongside the DMM foundation's AUM? AUM which will shoot up after a flood of mTokens are minted due to several exchange integrations plus Alon Goren's Return App? The subsequent unveiling of yield-farming introducing DMG into the money-lego ecosystem and making the price skyrocket as a result of being quite literally the only defi token that hasn't pumped into space? I don't know, do I understand? Tell me more if there's more.

>> No.21915744
File: 459 KB, 419x610, E0FB8167-265F-4FA8-AA17-E1987D9B3D4E.png [View same] [iqdb] [saucenao] [google]
21915744

>>21915433
>>21915611
>>21915666
Checked

>> No.21916227

>>21915722
Imagine coinbase integrating mTokens and you funneling your USDT into DMM while DMG gives you further power (and 50x's you)

This is the future.

>> No.21916732

>>21916227
Fuck

>> No.21917482

>>21916227
>Imagine coinbase integrating mTokens and you funneling your USDT into DMM while DMG gives you further power
come again?

>> No.21918003

>>21917482

for real wtf u sayin

>> No.21918096

The main problem is DMG has a shitlot of tokens that are being held by the devs.

The distribution of the total DMG supply is as follows:
30% will be sold over time in order to fund the growth and operations of the DMM Foundation.
30% will be reserved to incentivize ecosystem developers, partners, and integrations with other protocols to ensure DMM is a vibrant growing and decentralized ecosystem.
40% will go to the DMM Foundation for continued development, support, and other general development purposes.
60% of the total supply (150M DMG) has been deposited into time-locked smart contracts with varying vesting periods. The addresses and Etherscan links for these contracts can be found on our main GitHub page here. The Foundation’s 40% allocation of the supply (100M DMG) is completely locked up until November 15th, 2020 which then begins to vest equal amounts of DMG every Ethereum block until a year later on November 15th, 2021 when the last amount unlocks. 10% of the supply (25M DMG) from the incentives allocation and 10% of supply (25M DMG) from the sales allocation are both locked until November 15th 2020 when the full amount releases.

>> No.21918240

>>21915395
No one in defi cares about measily 6.25%