Yesterday I wrote about dYdX, a protocol for decentralized financial derviatives.
Today is another project building a protocol on top of Ethereum. This one is Dharma, an open protocol for tokenized debt.
Like dYdX, Dharma has some notable investors too including Y Combinator and Polychain Capital.
Per Dharma, an under-recognized advantage of blockchains is that they necessarily engender the creation of universal, permissionless standards for tokenized asset classes.
The ERC20 token standard created the common rails on top of which a diverse ecosystem of secondary markets for tokens could be built in a permission-less and interoperable manner.
Just the liquidity of tokens alone is a great leap forward from the traditional equity fundraising.
Dharma is a generic, permissionless protocol for issuing, underwriting, and administering debt instruments as cryptographic tokens.
The protocol aims to build a common informational interface by which exchanges, brokerages, and traders can reasonably price a tokenized debt's default risk without having to rely on a singular centralized data broker.
The architecture is inspired by the 0x protocol.
Dharma aims to make the loan markets more transparent and avoid incidents like Well Fargo’s recent $1 billion fine for loan abuses.
The project is led by founder and CEO Nadav Hollander. Prior to founding Dharma he worked at Google and Coinbase.
What’s interesting is this project has no planned token sale so far. But that could change in the future.
For now it’s another cool project being built on Ethereum.
and trade cryptos on Binance
Interesting. I foresee dirty banks like Wells Fargo being forced on the blockchain eventually by regulators!
The irony is delicious: the banking sector with their shenanigans in 2008, gave birth to the very technology that will now bring them inline, or maybe even make the entire sector obsolete.
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Oh wow, that's interesting. I think the likes of WFC and others like Jamie Dimon will fight that one.
And you're right... delicious irony!!!
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You have a crypto craze! You have been sharing new coins and tokens every now and then. I like your commitment to the crypto world. Thanks for spreading the knowledge.
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You got it... cheers!
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Thanks and cheers to you too! Have a nice day.
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Dharma attempts to globalize lending by abstracting away the origination and issuance of loans into a shared, decentralized infrastructure, connecting borrowers and lenders around the globe through free, open-source software
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HEY @g-dubs can you help me regarding myetherumwallet? really interesting to follow the debt space have always been somewhat shady to me. if we could get the blockchain tech into it i feel like it would be much easier to understand and see how your debt is progressing.
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this is something that would be really interesting to follow the debt space have always been somewhat shady to me. if we could get the blockchain tech into it i feel like it would be much easier to understand and see how your debt is progressing.
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Transparency is one of the key features.
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HEY @g-dubs can you help me regarding myetherumwallet?
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Sure, what's your question?
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some days ago i invested some sbd's in Appics ico!
bought some XAP tokens.
now how can i send them to mytherumwallet?
I don't know the way :(
Please help me
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I didn't do the token sale so I'm not sure where you would access the XAP tokens. But assuming you could you would just send them to the address of your myetherumwallet.
Maybe they were automatically sent to your myethereumwallet but you can't 'see' them... then you need to add the token to your wallet- https://etherscan.io/token/0x9ec58861641bc805564bbc0c5fb4a856516238e7
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Thanks for the information, thanks to you you can quickly find the right flight in any direction.
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The protocol is important in all lifestyles
But debt is difficult when it comes to repayment and we can not repay
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Oh yea, gotta be able to pay!
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Dharma is an interesting name! If this token is implemented it will make life easier and we will be able to get rid of banks! What do you say?
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Exactly, projects like Dharma and others could supplant the current financial system.
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Yeah I think we will get rid of the interests and the service charges and many other things!!
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Very useful information about dharma. Thanks sir @g-dubs for discussing about the valuable content.
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Cheers!
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Dharma attempts to globalize lending by abstracting away the origination and issuance of loans into a shared, decentralized infrastructure, connecting borrowers and lenders around the globe through free, open-source software.But debt is difficult when it comes to repayment and we can not repay
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Interesting looking project. Good to see etherium sphere of influence growing rapidly.
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wow very excellent post
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Coins mentioned in post:
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HEY @g-dubs can you help me regarding myetherumwallet?
Thanks sir for discussing about the valuable content.
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Don't copy paste others comment sir!
g-dubs have a look!
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I was summoned by @g-dubs. I have done their bidding and now I will vanish...
A portion of the proceeds from your bid was used in support of youarehope and tarc.
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HEY @g-dubs can you help me regarding myetherumwallet?Very useful information about dharma. Thanks sir @g-dubs for discussing about the valuable content.
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really interesting to follow the debt space have always been somewhat shady to me. if we could get the blockchain tech into it i feel like it would be much easier to understand and see how your debt is progressing.
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This looks like amazing sir,thanks a lot for sharing have a great day.
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Recently a Bank of America analyst said that cryptocurrency are affecting their business and margin. As more and more people use crypots its just a matter of time.HEY @g-dubs can you help me regarding myetherumwallet?
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You got a 1.53% upvote from @upmewhale courtesy of @g-dubs!
Earn 100% earning payout by delegating SP to @upmewhale. Visit http://www.upmewhale.com for details!
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You got a 1.29% upvote from @postpromoter courtesy of @g-dubs!
Want to promote your posts too? Check out the Steem Bot Tracker website for more info. If you would like to support the development of @postpromoter and the bot tracker please vote for @yabapmatt for witness!
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Thanks for the information, thanks to you you can quickly find the right flight in any direction.
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Flagged for comment spam!
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@looop your account was reported to @steemcleaners.
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Steem Flag Rewards mention comment has been approved! Thank you for reporting this abuse,@siosfl categorized as comment spam. This post was submitted via our Discord Community channel. Check us out on the following link!
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If this token is implemented it will make life easier and we will be able to get rid of banks! What do you say?I foresee dirty banks like Wells Fargo being forced on the blockchain eventually by regulators!
The irony is delicious: the banking sector with their shenanigans in 2008, gave birth to the very technology that will now bring them inline, or maybe even make the entire sector obsolete.
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Dharma is an interesting name! If this token is implemented it will make life easier and we will be able to get rid of banks! What do you say?really interesting to follow the debt space have always been somewhat shady to me. if we could get the blockchain tech into it i feel like it would be much easier to understand and see how your debt is progressing.
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@mintu01 Flagged for copy/paste!
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Steem Flag Rewards mention comment has been approved! Thank you for reporting this abuse,@siosfl categorized as copy/paste. This post was submitted via our Discord Community channel. Check us out on the following link!
SFR Discord
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Do you think you are very smart? Why don't you write your own words instead of copy and pasting others'?
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