DAM Finance completes USD 1.8 million Pre-Seed round of financing, led by DFG and Jsquare

Jinse Finance reported that dPRIME Asset Modules Finance (DAM Finance or DAM) announced that it has completed a USD 1.8 million round led by Digital Finance Group (DFG) and Jsquare USD Pre-Seed round of financing, Arrington Capital, Ledgerprime, D1 Ventures, 11-11 Capital, Stacker Ventures, etc. participated in the investment.

DAM Finance is a protocol for generating purchasing power from a portfolio of cross-chain tokens, enabling borrowers to deposit a basket of tokens in a single transaction. This innovation provides borrowers with greater purchasing power and flexibility in maintaining their vaults, while accommodating a wider range of blockchain-backed assets as collateral. The new funds will accelerate the development of the DAM mainnet, which is currently scheduled to launch later this year.

Other news:

The pledged value of ADAM has exceeded 40 million U.S. dollars: according to official news, as of 18:00 on June 6, 2022 (GMT+8), the computing power of ADAM has reached 201,274 TIB, and the pledged amount has exceeded 6 million ADAMs, and the total value of pledges has broken through $41 million.

ADAM is the first encrypted data computing network based on Web3.0. It has the function of encrypted data transmission. It can not only connect the real world and the blockchain system, but also realize the barrier-free flow of ecological data information on the chain; ADAM builds a global wide network The domain node network has spawned powerful off-chain computing capabilities, capable of performing millisecond-level encryption calculations, and realizing real commercial-grade "DataFi" applications, so that every role participating in data circulation can benefit from it. [2022/6/6 4:06:11]

Hayden Adams: Uniswap's single-day trading volume reached a record high of US$6.3 billion: Uniswap founder Hayden Adams tweeted that Uniswap's performance in the volatility of cryptocurrencies did not experience downtime like most centralized exchanges, despite high gas fees , In addition, Uniswap created the highest ever daily transaction volume of 6.3 billion US dollars. These data prove that the demand and value proposition of DeFi are clear, and the next step will be the expansion of L1 and L2 to support more users while reducing fees. [2021/5/20 22:24:58]

WeBank and Digital Asset will cooperate based on the open source smart contract DAML: Recently, WeBank revealed that it plans to cooperate with Digital Asset, a distributed ledger technology provider. The DAML smart contract engine developed by DA Company and the FISCO BCOS underlying platform developed by the Golden Chain Alliance Open Source Working Group led by WeBank are both important open source projects in the blockchain field. The two parties will jointly study the introduction of DAML intelligence on FISCO BCOS The contract engine provides more smart contract development methods for FISCO BCOS developers. [2020/4/16]