DMM: Governance (DMG)

The DMM Ecosystem is a decentralized, transparent, and permissionless environment designed to empower all citizens to earn interest on their currency backed by real-world assets represented on-chain. This Ethereum-based ecosystem allows the creation of DeFi Money Market Accounts. This new DeFi native asset class allows any holder of an Ethereum-based digital asset to earn interest backed by real-world assets represented on-chain.

Notice on the website from the 6th of Feb 2021: DMM IS CEASING OPERATIONS

mTokens can be redeemed with interest accrued to date by following the link below. A process for DMG token redemption is being rolled out.

Due to regulatory inquiries, DMM is shutting down. Effective immediately, mToken minting is no longer available. mToken redemption will remain available indefinitely, though the interest rate on mTokens will drop to 0% on or about February 10th, 2021. Capital and interest are currently available to fund the redemption of all outstanding mTokens plus accrued interest. Please redeem your mTokens as soon as possible.

An additional fund of available assets is being established to facilitate the redemption of DMG tokens. Details will follow. We regret the necessity of this action and would like to thank the DMM community for its support and active participation in this project.