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Cos'è dharma?

Dharma is an open-source smart wallet without custodians developed on the Compound‘s network; which means that in addition to having full control over funds, at the time of account creation a cryptographic key is stored on the device, and not in the cloud. 

In the event of the device being lost, it is possible to recover the entire account by resetting the private key within 7 days.

In addition to being able to transfer crypto funds directly from any eligible wallet or exchange, it is possible to connect a debit card and deposit the desired amount, which will be instantly converted into a stablecoin and sent to the Compound liquidity pool, where it is then available for Borrowers. 

Thanks to the direct connection with the Compound network, users immediately start accruing interest on their USDC or Dai balance as soon as they make their first deposit. 

The idea is effective, simple and at the same time brilliant. It perfectly replaces the basic deposit operations of a traditional bank, or online banking account, ensuring an Annual Percentage Rate (APR) of 7%. No bank would ever be able to offer such a level on active interest rates.

Come si usa dharma?

However, the interest rate may vary depending on whether the asset is used more or less within the Compound ecosystem. 

Moreover, every transaction carried out, such as the deposit or withdrawal of funds, is free of any commission. It is possible to withdraw the balance at any time, 24 hours a day, 7 days a week, all year round. 

The project is supported by leading giants including Coinbase, which needs no introduction, Y Combinator, one of the largest and best startup accelerators in the United States, and Polychain Capital, the world's largest investor in protocols and companies involved with blockchain

Statistiche storiche

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  • ETH Locked 1d 0.00
  • 01 Jan 1970
  • TVL USD $0
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  • ETH Locked 1d 0.00