In November 2017  I spoke to Nadav Hollander in California, founding father of Dharma.io who had simply graduated from Y -combinator. On the time, he was describing his imaginative and prescient of making a symbolic mortgage market on the blockchain. In February 2018, the open supply Dharma protocol was subjected to alpha testing.
Builders might simply use the Dharma Libraries for:
Enable debtors and potential lenders to generate excellent mortgage purposes for debt contracts of all types
Enable lenders to finish mortgage purposes by formalizing a mortgage settlement with a borrower
Enable customers to handle their mortgage portfolio by making repayments, gathering collateral, exchanging their debt tokens, and many others.
Earn charges by subscribing debt agreements generated by the Dharma protocol
Earn a payment by relaying debt agreements between debtors and lenders
Supply Hiya, Dharma.js
The Dharma didn’t attraction to ICO as a result of Hollander thought the token fashions have been very immature in the mean time. Hollander says "I would like to create a constituent neighborhood of customers and, provided that it is sensible, difficulty a protocol token." In the intervening time, the open supply Dharma protocol has not of native token, however each mortgage that’s created is a token itself
At this time, in February 2019, a yr later, Dharma raised $ 7 million from massive buyers, together with Coinbase Ventures, that are naturally taken with Crypto mortgage markets, particularly merchants. Dharma has already launched the product Dharma Lever (in alpha mode) which deploys the good contract to supply margin loans to excessive quantity buyers' crypto merchants.
No counterparty danger (clever contract danger as a result of the belongings are held there).
Immediately, at very low value.
Mortgage charge decrease than centralized buying and selling.
Suitable with all portfolios.
The Dharma is in the identical league as Maker – be it your personal financial institution or your personal Problem  – which permits us to borrow towards our Hodlings . Dharma doesn’t contain any DAI and hosts a number of crypto-currencies past the ETH. They’re even seeking to quickly add the WBTC that was posted on on Ethereum final week.
WBTC – Packaged BitCoin is a token based mostly on an ethereum that’s backed up one after the other by a regular bitcoin BTC.
He already seems on a number of DEX  together with the radar relay, the Kyber community and AirSwap.
Dharma modifies the crypto mortgage area with its Lever providing that eliminates the counterparty danger and replaces it with a wise contract danger.
The Dharma Leverage is a method to mitigate the systemic disaster due to the domino impact of the counterparty's failures.
 To search out out extra in regards to the DEX in ` Is decentralized commerce a part of the bottom-up decentralized financial coverage? »
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