Portfolio company Dharma is on mission to introduce DeFi to millions of users as a vehicle for stable, international savings. Come deposit your Dai (DAI) or USD Coin (USDC) into the Dharma Smart Wallet and start earning 7.4% yield today!
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Dharma launches v2 DeFi platform to the public
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“Behind-the-scenes, interest in Dharma is generated via the Compound Protocol — a global network of borrowers and lenders,” states the Dharma team. “Every loan in Compound is over-collateralized and secured by smart contracts on the Ethereum blockchain.” While Dharma initially supported interest-bearing accounts for ETH, the company has since switched its focus to stablecoins for the time being.
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