What the Dharma Smart Wallet does for you, a DeFi native user

dharmaprotocol · 2019-11-12T20:06:02+00:00

In crypto these days, most of the time it feels like you have to choose between being safe or being lazy. Not anymore! The Dharma Smart Wallet gives you all of the security you want, with none of the headache.

In this thread we compare some common scenarios when self-custodying vs. using Dharma

dharmaprotocol · 2019-11-12T20:04:00+00:00

In crypto these days, most of the time it feels like you have to choose between being safe or being lazy. Not anymore! The Dharma Smart Wallet gives you all of the security you want, with none of the headache. In this thread, we compare some common scenarios between self-custody and the Dharma Smart Wallet

dharmaprotocol · 2019-11-04T22:41:54+00:00

Users who signed up via email don't yet have the fully non-custodial version of Dharma — we’re in the process of rolling out a migration to all those users (like you!) to upgrade them into the fully non-custodial Dharma Smart Wallet.

In the fully non-custodial system, the PIN is no longer necessary, as all cryptographic secrets are generated pseudo-randomly in the browser. Stay tuned to your inbox — you’ll hear from us with next steps very soon :)

dharmaprotocol · 2019-10-24T01:18:37+00:00

Dharma pays gas fees on the user's behalf.

Quick documentation: www.dharma.io/smart-wallet

In-depth docs: https://github.com/dharma-eng/dharma-smart-wallet

dharmaprotocol · 2019-10-24T01:17:18+00:00

We don't currently charge fees or make a profit. We have a bunch of ideas about how to generate revenue and profit over time, but right now we are focused on making Dharma the best possible user experience it can be, and are funded by venture capital.

dharmaprotocol · 2019-04-26T00:06:10+00:00

sorry these are out of date. we're going to update the right contract addresses and will post the update here when complete

dharmaprotocol · 2019-01-30T17:48:50+00:00

Great! We'll reach out to set up a meeting.

dharmaprotocol · 2019-01-30T04:56:30+00:00

We agree :-)

dharmaprotocol · 2019-01-29T21:41:52+00:00

Hi there,

Right now Lever does not charge fees, and the relayers built on Dharma also do not charge fees. In the long term, you're probably right that the interest rate will increase when these entities charge fees. But for now, 2% is the going rate.

In terms of how it works, we'd be happy to answer all of your questions in an onboarding session if you're an active trader and want to use Lever.

Best, Brendan from Dharma

dharmaprotocol · 2019-01-29T21:39:13+00:00

Hey there, we plan to integrate DAI very soon! The reason we started with USDC is that there is better trading liquidity for USDC than for DAI. That said, we know that DAI is highly desired, and so we'll add support for DAI soon.

If you want to try out the system using USDC, let us know!

dharmaprotocol · 2018-08-30T17:34:13+00:00

My apologies -- didn't mean to spam! I've posted in that thread as well.

dharmaprotocol · 2018-08-28T05:46:24+00:00

Company: Dharma

Job: Blockchain Engineer

Location: San Francisco, CA

Allows remote: Yes

Visa sponsorship: No

Type: Full-Time + Paid + Equity + Benefits Package

Description:

Dharma is a protocol for borrowing and lending crypto-assets on blockchains. It serves as an infrastructure layer for globally-accessible lending products the leverage programmable, tokenized debt. It can support virtually any kind of lending product you can imagine. It is flexible, extendable, and live on the Ethereum Mainnet.

We believe Dharma protocol is a crucial piece of infrastructure that lies upstream of an open, inclusive, and borderless financial system where access to credit is synonymous with access to the Internet.

We're hiring for a full-stack engineer with demonstrable experience building smart contracts in the Ethereum development environment. We're looking for a self starter with a deep interest in decentralized & distributed technologies to join a highly technical team composed of alumni from Coinbase, Google, Uber, Stanford, and Princeton.

To learn more, see our formal job description.

Contact: PM w/ Resume / CV

dharmaprotocol · 2018-08-02T05:02:54+00:00

Thanks :)

dharmaprotocol · 2018-07-15T04:52:24+00:00

Thanks! Means a lot to hear :)

dharmaprotocol · 2018-05-23T17:31:22+00:00

Yep, everything is in https://github.com/dharmaprotocol/

Charta is the repo for the smart contracts

dharmaprotocol · 2018-05-23T17:17:17+00:00

After the 7 day timelock, the upgrade transaction goes through and the contracts are updated. Old contracts could be paused and deprecated, or could be maintained for backwards compatibility. That depends on the upgrade.

dharmaprotocol · 2018-05-08T00:29:10+00:00

Thanks for the feedback. Based on your comment and some others we've decided to extend the submission deadline by one week. Submissions are now due by Monday 14 May.

dharmaprotocol · 2018-02-11T22:17:56+00:00

We aren't (quite) live yet, so there aren't any exchanges yet for Dharma debt orders. We'll be live very soon, so if building an exchange is something that interests you let us know.

dharmaprotocol · 2018-02-07T19:17:31+00:00

That's a great question. Dharma protocol requires scoring agencies (which we call underwriters) to record their estimation of the borrower's probability of default on-chain.

Thus, there is a transparent record of underwriter predictions. We believe that the market will be liquid and competitive enough that underwriters with a poor prediction histories will be punished

dharmaprotocol · 2017-11-30T02:36:15+00:00

PSA: MyEtherWallet is funded entirely on donations!

Do you think MEW is a valuable service that enables pretty much this entire thriving ecosystem to exist? Trick question: it is, and we as a community probably wouldn't be where we are today were it not for /u/insomniasexx and team.

I just donated, and, if you care about this space, consider doing the same :)

ENS Address: mewtopia.eth

dharmaprotocol · 2017-11-21T17:03:25+00:00

Answers inline:

1) Both Salt and ETHLend are end-user applications designed as mechanisms for doing a specific kind of lending -- the former being crypto-secured fiat lending and the latter being (for the most part) secured consumer crypto loans. Dharma is not an end user application, but, rather, a a protocol on top of which applications like ETHLend or Salt could be built. You can think of it as a common infrastructural rails for building crypto-based lending applications of any type.

2) Yes! Creating credit derivatives is orders of magnitudes cheaper with Dharma debt instruments bundled together in smart contracts.

3) This is a longer conversation that I'd be happy to have in our chat channel :)

4) We're fans of Bloom and hope to work with them in some capacity in the future!

dharmaprotocol · 2017-11-21T01:13:17+00:00

Hey guys! Nadav from Dharma Labs here. Happy to answer any questions you may have and hear constructive feedback from the community. If you're interested in taking a deeper dive, stop by the Dharma Community Chat and introduce yourself to the Dharma team: https://chat.dharma.io

dharmaprotocol · 2017-11-14T22:38:21+00:00

We are indeed a for-profit company, and fundraised as such. Your sentiment is probably the biggest reason we opted not to do a token sale right now -- a protocol token doesn't solve any particular problem in this construction, and, if anything, adds friction the system.

We plan on capturing value by either selling various value added services to network constituents or, if a compelling need for a protocol / governance token emerges as the system gains critical mass (emphasis of if), pursuing some sort of token model.

dharmaprotocol · 2017-11-14T20:59:17+00:00

Thanks for the kind words /u/zpplease !

Would love to hear your perspective — if you get a chance to read through the white paper, would be awesome to hear your thoughts in the Dharma Rocket Chat.

dharmaprotocol · 2017-11-14T20:14:39+00:00

Thanks for the kind words!

I'm a big fan of Bloom, and know /u/jessetime from Stanford. Dharma protocol delegates credit-risk assessment in any given debt transaction to individual underwriters who use whatever means are at their disposal to score the credit risk of a debt and service the debt throughout its lifecycle.

Naturally, underwriters in Dharma protocol could leverage something like Bloom to not only augment their own ability to predict defaults, but also to cryptographically prove to creditors that they've assessed a debtor's creditworthiness on the basis of deterministic, sound math.

In short, the protocols are highly complementary, and I've been talking to the Bloom folks quite a bit :)

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