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Debt DAO
Debt DAO provides a decentralized finance (DeFi) marketplace that facilitates token sharing through a smart contract system. It uses traditional financial terms like "debt" and "lend" as analogies for its automated, incentive-based operations. The platform allows users to interact with other users or smart contract systems, where returns are governed by software and game theory rather than legal agreements and creditworthiness.
Distributed
Description
Debt DAO offers a trustless and anonymous secured lending platform for financing cryptonative entities. It operates as an open, permissionless, onchain marketplace that enables DAOs and DeFi protocols to borrow against their future cash flows. The marketplace is a decentralized-finance smart contract system where terms like “debt,” “lend,” “borrow,” and “collateral” are used as analogies for its automated operations. Unlike traditional finance, there are no legal agreements or promises of payment; instead, the system operates on software with embedded game-theoretic incentives. The return of these tokens depends on the incentive model and software implementation, not on the borrower's creditworthiness.Grant Funding
VC Funding
None
2022
$0
$3.5M