DANK Token cena 

DANK

What is Dank? Dank is a permissionless open-source lending protocol based on Ethereum smart contract, which aims to solve the problem of inefficiency of funds in the DeFi market and build a fixed income market. It allows any user who uses the protocol to obtain variable interest rates. It is the first to propose a forward interest rate contract swap model based on the variable interest rate market. Users can also release the forward income of d-token at any time to obtain instant fixed income. The fundamental goal of Dank is to allow all valuable crypto assets to obtain multi diversified financial services, and to create a sustainable development for scientific and financial foundation.

Why chooses Dank? Dank Protocol has been secured and audited by several reputable audit institutions in the industry. The protocol is completely open source, which allows anyone to interact with the user interface client, API or directly with the smart contracts on the Ethereum network. Being open source means that you are able to build any third-party service or application to interact with the protocol and enrich your product.

How to use the service? In order to use the service, user can simply deposit their crypto asset into the protocol. After depositing, user will earn income passively based on the market borrowing demand. Furthermore, depositing assets allows user to borrow by using their deposited assets as a collateral. User can use their earning interest from depositing funds to offset the interest rate they accumulate by borrowing.

What is the cost of the service? There are only TWO fees charge while using the protocol. From the borrowers’ side, a 0.05% of the loan amount will be collected into the protocol fund by the smart contract. Besides, both borrowers and depositors will be undertaken the transaction fees for Ethereum Blockchain usage, which depend on the network status and transaction complexity.

Where are the deposited funds stored? All the deposited funds are allocated in a smart contract. The code of the smart contract is public, open source, formally verified and audited by third party auditors. User can withdraw their funds from the pool on-demand or transfer to other tokenized (dTokens) version of their lender position. dTokens can also be moved and traded as any other crypto asset on Ethereum.

Is there any risk? There is no such "Risk Free" platform in the world or have been ever existed. Although the Dank team has taken every possible step to minimize the risk as much as possible, the risks related to Dank protocol might be the smart contract risk and liquidation risk. Additionally, the Dank team is always welcome with additional information related on risk and security. Feel free to make suggestions at the #feedback room in the Dank community Discord or the Dank community Telegram server.

Dank (DANK) token DANK is a major part of the Dank Protocol governance. DANK is used for voting and decision-making and is the only credential for community governance. Apart from this, DANK can be staked within the protocol to provide security and insurance to the protocol and depositors. At the meanwhile, stakers can earn staking rewards and fees from the protocol. Further information about tokenomics and governance is available on the full documentation (will be released soon).