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Home Platforms dAMM Finance
dAMM Finance reviews

Founded 3 years ago in 2021.

Use anonymously. No KYC required.

Decentralised exchange.

Reviewed by Yunis
18 October 2022 (Updated 16 June 2024)

dAMM Finance Crypto Platform

dAMM Finance is a decentralized non-custody lending protocol for non-stablecoins cryptocurrencies. The protocol is designed to create an institutional lending platform that serves any kind of token issuer without limiting the project’s scale. The major institutional lending platforms are very picky about the tokens they list and set requirements for entries. dAMM Finance aims to be the address where new token issuers will come. There is no clear information about the founder and team on the website or the blockchain that it is built on.

The protocol has a web app with a very easy-to-navigate user interface. Anyone with a web wallet can easily connect and start using the protocol anonymously. The protocol’s web app supports the leading popular web wallets; including MetaMask, Coinbase Wallet, Trust Wallet, and WalletConnect. Connection with Ledger wallet and SafePal wallet is also on the way for use.

Users can lend and borrow cryptocurrencies on the protocol without any KYC, AML and background check. You don’t need a credit score to borrow or lend funds on the platform. New blockchain and crypto projects can add their newly issued tokens to the platform and create liquidity pools. 

One of the standout features of dAMM Finance is its impressive support for a wide range of tokens. The platform currently supports over 200 tokens, which is significantly more than many of its competitors. Users can also stake their tokens in addition to lending and borrowing, providing an additional revenue stream for token holders.

dAMM Finance has some outstanding features that distinguish the platform for institutional investors. Firstly, dAMM is free of exorbitant fees which means that the protocol doesn’t charge deposit, withdrawal or AUM expenses. Secondly, an easy onboarding process attracts investors because depositors are not required to pass any process, and the lender will find turnkey solutions to get on the platform. Thirdly, loans are not subject to any kind of term limit or locking period. It means that investors can redeem and withdraw the funds anytime without any delay.

While dAMM Finance is a new player on the market, it has not experienced any hack or exploit issues so far. However, as with any new protocol, there is always some degree of risk, and it is too early to be completely sure about its security. The protocol has an audit report available on its official website, but it is important to note that it was not conducted by a reputable audit company.

Pros

tick $89,987 USD currently invested (TVL)
tick Investments in 2 coin pairs available
tick Operating on Ethereum protocol

Cons

cross Investments in liquidity pools can be higher risk
cross Liquidity pool investments are only suitable for advanced crypto users

dAMM Finance Staking Yields

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Columns
  Product Yield Chain Term Yield Yield Trend TVL TVL Trend
USDC
2.24%
USDC 2.24% APY
Ethereum
Instant Access
2.24%
USDC 2.24% APY
$13,507
AUSDC
0.03%
AUSDC 0.03% APY
Ethereum
Instant Access
0.03%
AUSDC 0.03% APY
$35,652
No matching yield products found

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dAMM Finance Key Data

Company
Year founded 2021
Decentralised tick Yes
Security
Know your customer cross No
Key People
Joshua Baker

Useful Links

dAMM Finance Contact Details

https://damm.finance/

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