DeFi Money Market DMG is a new DeFi token that is fundamentally one of the best in the space. It promises a 6.25% yield to money invested in the platform and this money is used to buy real-world, income producing assets.
The DMG token is a governance token. The token holders can vote on what happens with the extra money the real-world assets produce. They can vote to use the extra produced yield to pay out to the DMG holders or to burn the DMG tokens, creating scarcity. They can also vote on where to invest the investors’ money in.
DMG is a fork of the hyped Compound COMP token. DMG has the advantage that it has a fixed yield and that it uses a secure, decentralized oracle network, Chainlink. COMP cannot offer any of that, yet it’s the highest ranked DeFi coin.
#DeFiMoneyMarket #DMG #Crypto
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