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DAM is an omnichain liquidity infrastructure facilitating the flow of value to where it’s needed most
DAM is an omnichain liquidity infrastructure facilitating the flow of value to where it’s needed most. It is a multi-network platform powering applications that coordinate the flow of global liquidity. d2o, DAM’s first use case, is an omnichain stablecoin designed to provide emerging networks an immediate solution for scaling native stablecoin liquidity. Initially collateralized by native USDC on Ethereum, d2o can be minted by a basket of native assets on any blockchain and teleported to any Web3 network. Architecturally, d2o is created in one of two ways: Direct Mint or Portfolio Borrow:
While d2o represents DAM’s initial dApp, it has immense utility in emerging networks given the absence of native stablecoin liquidity. Use cases include:
Dam Finance's current price is $ 0.830, it has increased +9.84% over the past 24 hours.
Dam Finance's All Time High (ATH) of $ 2.05 was reached on 29 Oct 2023, and is currently -59.5% down.
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