DAM is an omnichain liquidity infrastructure built to route value to the places where it matters most. As a multi-network platform, it supports applications that coordinate the movement of global liquidity. d2o, DAM’s first use case, is an omnichain stablecoin aimed at giving emerging networks an immediate way to scale native stablecoin liquidity. At launch, it is backed by native USDC on Ethereum. From there, d2o can be minted using a basket of native assets on any blockchain and sent to any Web3 network. In terms of design, d2o can be produced in two different ways: Direct Mint or Portfolio Borrow:

Direct Mint: Reserved for the lowest-risk, most stable collateral, d2o is minted with existing stablecoins at a 1:1 rate Portfolio Borrow: Users provide protocol-recognized collateral to the DAM linked-multi-collateral-vault (“LMCV”) in order to mint d2o. The amount minted depends on the borrower’s overall portfolio value and the quality of its assets. Supported protocol-recognized collateral includes canonical blue-chip, mid-cap, and yield-producing tokens, and what’s included can differ by chain. d2o is issued on an overcollateralized basis.

Although d2o is DAM’s initial dApp, it can be especially useful for emerging networks where native stablecoin liquidity is limited. Its potential applications include:

Offering another way to access USD exposure or make paymentsHedging against volatility in crypto marketsSwapping into the ecosystem’s most compelling assetsBeing used as collateral within the ecosystem’s lending and borrowing marketsReleasing liquidity for the ecosystem’s most compelling assetsCarrying out third-party liquidationsTaking part in economic opportunities that are native to DAM.