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DAM Finance news
About DAM Finance
What Is DAM Finance?
DAM is a decentralized, global liquidity infrastructure for powering value mobility between sovereign web3 networks using d2o. It helps blockchains scale native liquidity and improves capital efficiency across the fragmented digital assets space.
What is d2o?
d2o is an omnichain stablecoin with a soft-peg to the United States Dollar that can currently be used for:
Teleporting your money to multiple different blockchains
Chasing yield opportunities across multiple blockchains
Accessing multiple native decentralized exchanges
d2o is initially backed 1:1 with existing stablecoins, starting with native USDC on Ethereum.
d2o has two unique attributes:
Anyone holding d2o can claim the underlying collateral (e.g. USDC) by burning d2o on Ethereum. This is critical for maintaining the d2o peg as if the price deviates from $1, there is an easy arbitrage opportunity possible by minting or burning d2o.
d2o can be teleported as a native asset to other sovereign blockchains through the decentralized dReservoir protocol, starting with Moonbeam.
With these attributes, networks connected to DAM have an immediate solution for scaling native liquidity without the tradeoffs of traditional bridging technology.
The live DAM Finance price today is $0.887307 USD with a 24-hour trading volume of $76.73 USD. We update our D2O to USD price in real-time. DAM Finance is up 10.91% in the last 24 hours. The current CoinMarketCap ranking is #7571, with a live market cap of not available. The circulating supply is not available and a max. supply of 106.91728360 D2O coins.
If you would like to know where to buy DAM Finance at the current rate, the top cryptocurrency exchange for trading in DAM Finance stock is currently StellaSwap v3. You can find others listed on our crypto exchanges page.