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What is Debt DAO (DEBT)? DEBT . Cryptocurrency Details

What is Debt DAO?

Debt DAO is a Marketplace that is creating a decentralized marketplace, permissionless to buy, sell, underwrite and manage debt for the DeFi economy.

Watch now: What is DAO? Learn the concept and practical application of DAO

Debt DAO will initially focus on revenue-based funding, targeting growth phase DAOs that already have onchain revenue.

Debt Knife

What is special about Debt DAO?

Debt DAO is not a single entity but an open Marketplace of DAOs and DeFi protocols. The overall focus of Debt DAO is to provide the best financing to its users in the most efficient way.

Through Smart contract named “Spigot”, users can receive credits that can then be used to fund DAO activities.

Initially, Debt DAO will focus on revenue-based funding. DAOs and DeFi protocols with on-chain revenue are the initial target borrowers of the project. Spigot creates more secure loans that can secure the borrower's internal cash flow to automatically repay the lender.

Haseeb Qureshi, general partner of Dragonfly Capital, said in a statement:

“Right now, debt is one of the big missing pieces from the DeFi universe, and Debt DAO is one of the strongest teams in this space addressing that.”

Debt DAO is a one stop shop for DAOs and individuals to easily search for loans and related services. Debt DAO is the foundation layer for a variety of use cases, providing plugins for lenders and borrowers to connect so they can thrive on Marketplace in a sustainable, profitable way.

DEBT Tokennomics

Key Metrics

  • Ticker: DEBT.
  • Blockchain: Updating…
  • Contract: Updating…
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  • Token Type: Utility, Governance.
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Token Allocation

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Token Release Schedule

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Token Use Case

  • Unity:

DEBT is more of a unity token than a governance token. It's a utility to join Debt DAO Marketplace. DEBT holders and gaining access to the community and Marketplace will lead to better rates for borrowers and more transaction flows for lenders.

Most importantly, it gives everyone in the Marketplace access to the knowledge and tools shared around the emerging DeFi lending market. DEBT can also be used to pay for Marketplace fees (such as initiation fees) and staking rewards.

  • Governance:

There are many types of debt products with different management needs. Therefore, the Debt DAO should not have a single governance structure. Which transactions are made, interest rates, etc. are decided directly between the lender and the borrower.

Aspects of the DAO governed by DEBT holders: Community treasury, DEBT total supply, etc.

  • Staking

Token Sale

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DEBT . storage wallet token

Can be stored on Coin98 Wallet.

Enter Coin98 Wallet Referral ID as “C98NBDN89Q" to support BTA.


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Investor & Partner

Debt DAO announces $3,6 million seed round funding. The round was led by Dragonfly Capital with participation from GSR, Daedalus, Numeus, Fasanara Capital, Spaceship DAO and The LAO.

Angel investors include Balaji Srinivasan (Coinbase), Ryan Rodenbaugh (TrueFi), David Post (Chainlink Labs), Andrew Wilkinson (Galleon DAO) and Shreyas Hariharan (Llama).

Debt DAO investors


Debt DAO roadmap

About Debt DAO


Hope the basic information about the project will help you get an overview of the project and please consider the article for reference purposes as it is not investment advice.

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