Usability is still one of the greatest roadblocks to users participating in DeFi, and we look forward to closing those gaps created by difficult-to-use systems with easy-to-use interfaces and applications with DMM.
DUBAI (PRWEB) October 15, 2020
DeFi Money Market (DMM), the decentralized protocol and ecosystem that brings earned interest back into the global monetary system, partners with Protofire to expand development operations. Protofire is a team of engineers that helps decentralized protocols and developer platforms to accelerate growth of their ecosystems. Protofire brings their experience working with many major projects in crypto and DeFi, including 0x, Aragon, POA, Maker, bZx, and Opyn, to supporting DMM to scale its capacity to meet the needs of an ever-growing DeFi user base, now exceeding the half million mark.
"We are in the midst of a financial revolution in which users around the globe are flocking to DeFi platforms to help them save and earn more," said Gregory Keough, Member of the DMM Foundation, the organization behind the DeFi Money Market (DMM). "Our partnership with Protofire will help us to scale our capacity to be able to take on and complete larger tasks in less time."
"We are excited to lend our expertise working with many of the leading blockchain projects in general and DeFi projects in particular to helping DeFi Money Market achieve its aims," said Manuel Garcia, CTO at Protofire. "Usability is still one of the greatest roadblocks to users participating in DeFi, and we look forward to closing those gaps created by difficult-to-use systems with easy-to-use interfaces and applications with DMM."
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About DeFi Money Market (DMM)
DeFi Money Market (DMM) is a novel digital currency ecosystem that solves the dual problems of currency debasement and the near-impossibility of earning interest with its DeFi protocol that empowers anyone to earn a positive yield (interest) on digital assets. DMM enables a stable 6.25% APY to be earned on deposited funds (currently ETH, DAI, USDT and USDC). DMM tokens help fight inflation because they are based on real-world, income-generating assets, such as aircraft, vehicles, and real estate. Decentralized governance via the DMM DAO ensures the highest transparency and accountability. Since the protocol is permissionless, anyone with an internet connection can mint mTokens and tap into a financial instrument that enables greater financial freedom and inclusion for all. DMM aims to spark the return of earned interest to the global monetary landscape.
Protofire is a team of engineers that helps decentralized infrastructures, protocols and developer platforms to accelerate growth of their ecosystems. By delivering hands-on coding and contributions, Protofire specializes in supercharging developer adoption and network usage. The company helps to ship applications, elaborate smart contracts, robust developer tools (SDKs/APIs/sample apps), or simply improve performance/cost of oracles. Protofire works exclusively with entrepreneurs who are builders of decentralized infrastructure protocols, applications, and ecosystems.