Who said it's only competition between DeFi protocols? FinTech Collective Portfolio company, Dharma, has announced that early users or Dharma Lever are now able to instantly borrow and lend DAI from anywhere in the world. Dharma users can borrow DAI at .10% APR, making it both the easiest and cheapest avenue to access DAI (cheaper than a CDP).
We see this addition as a crucial step in our mission to make the decentralized financial system a reality — by integrating DAI into Dharma, we’re growing the ecosystem pie together. The community deserves to access their favorite asset through the industry’s best user experience. Offering support for DAI also strengthens the network effect that’s already been built around the asset. Providing a new avenue to borrow and lend DAI — as well as being able to use DAI as collateral — creates additional liquidity and exposes the asset to new users.