Shill me this

[Anonymous No.20045885]

So if i understand DMM correctly AS OF NOW they are:

Receiving and paying interest(6,25% APY) on dai, usdc & eth some of which is held in the contract and some of which is sold for fiat. They then Issue loans for people to buy vehicles in the US. They hold first lien meaning they can seize the underlying asset in case of default. They use blackbook.com to get valuations of the vehicles which is then through Chainlink made publicly viewable. This value is what determines the health of the system. Furthermore the underlying Vehicles are 5-9 yrs old which, according to them, means that the depreciation of their value has slowed down. Eitherway the loans are short term (~1 year) They are still completely centralized, They haven't yet, but are undergoing a security audit by secbit which they claim to be world leading. They can freeze the system in case of emergency, they can blacklist people from owning or interacting with DMM tokens. All of this and they have some notable investors and partners.

[Anonymous No.20045914]

>>20045885
No they're not issuing car loans, they're TITLE loans. Why the fuck is this so hard for people to understand? You're borrowing money against your vehicle's value at a 30% APR. If you don't pay it back your car gets repossessed.

[Anonymous No.20045928]

>>20045885
Just buy some bro you're too stupid to understand, but it's a good buy.

[Anonymous No.20045947]

>>20045914
And virgin neets are gonna go get the cars when the loans don't get paid????? Lmaoooo these FAGGOTS can't even throw a punch. Black kings would destroy them. Lol

[Anonymous No.20045965]

>>20045914
okay bro they still loan out money and hold first lien on the asset that used as collateral. i said they issue loans to buy vehicles, my bad but they issue loans none the less. The loan is based on the value of a collateralized 5-9year old car as valued by blackbook

[Anonymous No.20045966]

>>20045885
I'm staying away lol. This fake coin base partnership and the shilling coming from the shadiest youtubers makes me think this thing is gonna bust. Already has way too many moonboys and hype.

[Anonymous No.20045974]

>>20045947
>Black kings would destroy them
True. The repos are handled by the loan servicer.

[Anonymous No.20045978]

>>20045885
photoshopped car loans on the blockchain.

[Anonymous No.20045997]

>>20045978

[Anonymous No.20046001]

>>20045965
Yeah they are short term title loans. If they don't pay the loan off its more favorable for the loan provider. They usually pay before they let their vehicle get repossessed obviously

[Anonymous No.20046060]

Think of DMM as a predatory loan with cutthroat rates. Poor and vulnerable people use their cars as collaterals and pay 16% interest on their loans.
Think of DMG as a mostly useless governance token that will not do anything useful in the near future (say 1-3 years).
The only reason why DMG is successful is because of tim draper's reputation. 90% of the supply is still held by the devs, and there's many other coins who have the same defi features.
Personally, i bought a bunch of DMGs because of tim draper - no other reason.

[Anonymous No.20046085]

>>20046001
alright i understand but it's still a completely centralized system, blackbook supplies valuations which i guess can be viewed as a single point of failure. They are using chainlink but i doubt there is a decentralized network of oracles fetching the price from blackbook so who is running those nodes? some questions right off the bat

>>20046060
Yeah Tim seems to be a strong driving factor

[Anonymous No.20046103]

>>20045965
Dmm doesn’t issue the loans

[Anonymous No.20046122]

>>20046103
then who? and what is dmm doing?

[Anonymous No.20046134]

>>20046122
Read their medium articles and the whitepaper

[Anonymous No.20046135]

>>20046085
Yes the technology is being built out. The public sale was less than a week ago. What you're buying is the fact that tokenizing real-world assets on the block chain is a game changer.

The token supply is the only worrying issue, however during the AMA yesterday the dev stated they saw the circulating supply numbers as sacred. And the team seems to be pretty top-notch.

[Anonymous No.20046150]

>>20046122
And keep in mind, they only started with these car loans because the market for cars in America is healthy. They’re going to move into other assets as well. It’s not just car loans.

[Anonymous No.20046195]

>>20046134
>>20046150
I read the whitepaper and i see the term "allocated into real world assets" and now you are saying car loans. I know they are just starting out with vehicles. Read the op i said "AS OF NOW"

[Anonymous No.20046220]

>>20046195
Ok. I’m not a pajeet so that’s all the shilling I’m gonna do. DYOR. Buy or don’t.

[Anonymous No.20046234]

>>20046195
But keep in mind, where else can you get 6.25% based on real world assets in crypto?

[Anonymous No.20046237]

>>20046220
I am doing my own research and now i'm discussing it. I have a feeling you don't know shit about shit :) It's okay anon we can't all have enough brain cells

[Anonymous No.20046246]

DMG is a garbage governance token that's going to go to shit just like compound and balancer

[Anonymous No.20046259]

>>20046246
absolute retard. it will give dividends and you can vote as well on onboarding new assets. dyor.

[Anonymous No.20046284]

>>20046259
unless you own a subtantial amount of tokens, your votes are basically meaningless. i tried to vote on Compound for example and there were already whales with 20% of the tokens voting for example. governance tokens are literally useless and retarded. the underlying dmg protocol is interesting though and there might by value to lending out your crypto for 6.5% interest. but dmg token is fucking useless

[Anonymous No.20046296]

>>20046237
Best of luck to you

[Anonymous No.20046299]

>>20046246
I am also wondering about the DMG coin. They say they aim to make DMM a DAO and decisions will be made through representative democracy. So basically DMG holders will vote, based on their stack size, for a ´DMM representative who takes positions on decisions. So already it will be skewed towards favouring those with large stacks

[Anonymous No.20046300]

>>20046284
seems you already made up your mind. good. dont buy it then.

[Anonymous No.20046328]

>>20046296
i apologize for my rudeness best of luck to you as well anon

[Anonymous No.20046373]

>>20046246
imagine thinking this.....

tell us your holdings anon......

[Anonymous No.20046431]

scam. Funny how all the pajeet shilelrs here couldn't refute a single point.

[Anonymous No.20046526]

>>20046103
Issuing loans that are collateralized with the borrower's vehicle is exactly what they do.

pic is from whitepaper..

[Anonymous No.20046596]

>>20046431
>pajeet shilelrs here

Looks like you are having a bit of trouble spelling "shillers" correctly..

Unironically that makes you the pajeet

[Anonymous No.20046704]

>>20046596
>hurr durr u misspelled a word hurr durr
cool now refute the points made in this thread

[Anonymous No.20046781]

>>20046704
Okay then, what point would you like me to refute?

Based upon your failings to understand previously refuted fud posts along with your writing style, vocabulary and grammar, not to mention the fact that your probably haven't invested into DMG yet or sold way too early. I have already come to a judgement in regards to your IQ. And I have placed you within the 90-100 IQ range.

[Anonymous No.20046862]

>>20045885
Also they say you can get out with your original tokens plus interest. Which means they have to go into the market and purchase your tokens, plus interest. They aren't keeping them in a trust, they used them to buy the loans. Which means that they would need more and more new people coming into DMG in order to facilitate the exit of existing investors. Madoff-esque and I would avoid.

[Anonymous No.20046915]

>>20046781
that it's a scam, dumb fuck. your iq falls in the 0-5 range, get fucked lmaooooo

[Anonymous No.20047019]

>>20046915
You do realise that everyone here can see that you are nothing more than a seething immature low IQ brainlet.

I can see that you are really struggling to articulate yourself in an intelligent manner, if you are unable to express your opinions in mature manner you cannot be taken seriously by anyone. Thus rendering your posts invalid therefore making your contributions to this thread void.

You just lost this argument.

[Anonymous No.20047029]

>>20047019
>You just lost this argument.

[Anonymous No.20047034]

>>20047019
I ain't reading that shit nigga umad? hahahah still waiting to be refuted

[Anonymous No.20047042]

$1.60 ;)

[Anonymous No.20047059]

>>20046915
itt salty fucks who dumped at 2x

[Anonymous No.20047095]

>>20046781
try responding to this please >>20046284

[Anonymous No.20047122]

I have a feeling all of you are about to get dumped on. Compound and Balancer are similar and tokens and each had similar pumps and horrible crashes.

[Anonymous No.20047239]

This is why /biz/ never makes money. Why do people always talk as if this is going to be the last investment you'll ever make? It's literally basic buy low sell high - who the fuck cares where it goes afterwards?

[Anonymous No.20047735]

>>20047122
If this pumps into the multiple hundreds like compound than I can live with that... kek

[Anonymous No.20047772]

>>20046781
>>20047095
hey pussy are you still there? funny how conveniently you go silent

[Anonymous No.20047793]

>>20047772
what? i'm still here... no one has responded to me

[Anonymous No.20047811]

>>20047735
comp has 1billion dollars invested into it. dmg is nothing close to that. this will never come close to the hype comp had

[Anonymous No.20047853]

>>20047793
I meant the guy you were asking for a response from. I asked too and he just went on a tangent about some other shit

[Anonymous No.20047931]

>>20047239
I don't like playing the shitcoin roulette game, I invest long term. DMG is a good hold, they have a competent team and are aiming to disrupt a massive market. Of course there will be price fluctuation along the way so if you can swing well that can be worth a shot