Qori Capital, a Financial Management Company that Ran the Largest Fund in Peru, Applies to Be an Affiliate Member of the DeFi Money Market Ecosystem

DUBAI, United Arab Emirates, Sept. 29, 2020 /PRNewswire-PRWeb/ -- Qori Capital, a financial management company that ran the largest fund in Peru, has applied to become an affiliate member of DeFi Money Market (DMM), the decentralized protocol and ecosystem that brings earned interest back into the global monetary system. If the DMM DAO votes to pass the proposal, Qori Capital will run the first test case of introducing machinery, real estate, and vehicles as an asset class to the DMM ecosystem (DMME). Qori Capital would also work with DMM to open additional Latin American markets to the DMME.

Gregory Keough, Member of the DMM Foundation, the organization behind the DeFi Money Market (DMM), shared, "The responsibility of proposing new real-world assets that mTokens are based on is shared by DAO Affiliate and Principal members. We are very excited to announce Qori Capital's application to become an Affiliate member of DMME and look forward to working with them to expand access to DMME throughout Latin America."

Mario Pazos, Director at Qori Capital, said, "We look forward to hopefully having the honor of running the first test case of introducing machinery, real estate, and vehicles as an asset class to the DMME. We see what DMM is doing to democratize finance as having great potential to transform markets for everyday people, particularly in Latin America, and we are excited to continue working with the DMM team to expand awareness and access to the DMME throughout the region."

For assets to be considered for introduction to the DMME, they must be backed by real-world assets that generate income, be made transparently viewable on-chain, and all must be overcollateralized in both value and income generation.

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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.

SOURCE DeFi Money Market (DMM)