DAM Finance has launched a decentralized Omnichain stablecoin solution on the Moonwalkers V1 testnet to address the liquidity problems experienced by the DeFi ecosystem.
About Omnichain Stablecoin Solution and Testnet
The Moonwalkers V1 testnet forms the basis of the omnichain stablecoin solution developed by DAM Finance. The company wants its community to test the new omnichain stable coin solution d20 together with the Testnet. The Moonwalkers V1 testnet will be built on both Ethereum’s Goerli Testnet and Moonbeam‘s Moonbase Alpha. When the product is released, users can mint d20 on Ethereum. During the testnet phase, users can give feedback on the user interface and user experience and report their suggestions to the team to improve the product. Harrison Comfort, Co-founder of DAM, said:
“We want to champion innovation by making it easier to securely direct stablecoin liquidity away from Ethereum towards newer networks without the constant vulnerabilities posed by bridges. d20 will help accelerate the adoption flywheel of emerging networks, and this is our first step towards making our omnichain promise a reality.”
About DAM Finance
DAM Finance is a protocol for building purchasing power in cross-chain token portfolios through d20, a Dotsama-based stablecoin. In addition to building purchasing power, DAM Finance offers users more flexibility and risk management. The team is experienced in blockchain, asset management and data science.
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