DMM: Governance priceDMG
For more details on listing tiers, refer to Listings Review Criteria Section B - (3).
- Total supply
- 249.51M DMG
- Circulating supply
- 0 DMG
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About DMM: Governance
What Is DMM Governance (DMG)?
Founded on March 15, 2020, the DMM Governance token was designed to support the DeFi Money Market (DMM) Ecosystem, which aims to help connect off-the-shelf assets with the crypto community.
The DMM system is decentralized, transparent and designed to enable everyone to re-earn interest in their currency which is backed by real assets represented on the network.
The DMM governance token, DMG, is the tool through which the community can govern and grow the DMM ecosystem and the protocol itself. Ownership of DMG represents the right to govern the parameters of the DMM Protocol and the introduction of new assets to the ecosystem.
The decentralized community that governs the DMM decentralized autonomous organization (DAO) can vote on modifying the DMG tokenomics and utility, through which they can claim excess revenue that is generated by the DMM ecosystem.
This token is a fork of Compound’s (COMP) governance token with added capabilities that include meta-transaction support and a native burn function.