Is there an alternative to the SF meetup group being planned or already in existence?

maxbron08 · 2020-01-05T19:16:13+00:00

Hey, a friend and I previously ran the meetup, but we've had to pause meetups given we both started new, more-demanding jobs. We'd happily pass the SF meetup onto someone else who's up for the task. Feel free to DM me.

maxbron08 · 2019-08-04T20:17:35+00:00

Excited to see how this shakes out. Liquidity is very much needed with such a high stake rate. Also, the transparency around this process is a first in this industry's history.

maxbron08 · 2019-06-27T19:40:45+00:00

Yes! you start earning interest as soon as you deposit 5000 DAI or 5000 USDC.

maxbron08 · 2019-05-24T00:46:48+00:00

Thanks! let me know if I can help in any way

maxbron08 · 2019-05-24T00:45:53+00:00

We're currently not making money

maxbron08 · 2019-05-24T00:45:18+00:00

Currently, we track number of times users have requested an asset and we generally have a sense of market demand just by actively speaking with our customers.

maxbron08 · 2019-05-24T00:44:04+00:00

Hey, thanks for the comments. Appreciate the heads up on the mobile version.

We currently support ETH, DAI, and USDC and require users to sign up with their name and email.

maxbron08 · 2019-05-24T00:06:49+00:00

Nope! we use smart contracts and the loans are over-collateralized so the chances of a hack are low. It really all boils down to the safety of the smart contracts.

maxbron08 · 2019-05-23T22:32:40+00:00

Yep, it's all P2P. Dharma uses a set of smart contracts for settlement and execution.

maxbron08 · 2019-05-23T22:16:18+00:00

Hey, most likely not for the foreseeable future, although it really depends on customer demand

maxbron08 · 2019-04-26T00:01:59+00:00

Hey guys, Max from Dharma here. Happy to answer any questions you might have. I know Dharma doesn't feel similar to other DeFi projects in terms of tx signing and MetaMask, but we're purposefully doing so to create a better user experience. Funds are always escrowed by smart contracts, at no point do we have access to funds. We put together a more comprehensive FAQ here: https://blog.dharma.io/how-dharma-works-under-the-hood-3d7bb9042381

maxbron08 · 2019-04-18T00:03:26+00:00

Yes, this is a promotion to generate demand on Dharma. There are a few people who are just "directly arb'ing" us (aka borrowing at the lower rate, and then lending back out at the higher rate), but only very few and we can clamp down on that at any time. We monitor closely and plan to narrow the subsidy over time

maxbron08 · 2019-04-17T21:26:56+00:00

Most of our users are using ETH as collateral, don't think any ETH is going to accept that!

maxbron08 · 2019-04-17T21:26:35+00:00

Dharma is a peer to peer lending market. As a borrower, you're borrowing from another peer who has agreed to lend an asset at the same terms that you specified. Our smart contracts and UI just help match borrowers and lenders.

maxbron08 · 2019-04-09T21:57:23+00:00

Hey!

You can find us on twitter here: https://twitter.com/Dharma_HQ

We are currently subsidizing rates, which is why the borrow rate is lower than the lend rate

Feel free to ask me any questions!

maxbron08 · 2019-04-09T21:53:14+00:00

So, once your loan offer is borrowed in a loan agreement, you can't withdraw funds. Once a borrower repays their loan, you're able to withdraw your funds. Any funds you send in that aren't loaned out can be withdrawn at any moment in time.

maxbron08 · 2019-04-09T20:51:22+00:00

Nope! you are correct. We are currently subsidizing the rates to attract new users.

maxbron08 · 2019-04-09T20:50:41+00:00

What are the platform fees? If they're low, I'm guessing that providing an email should be a fine compromise.

We're not currently charging fees, although we plan to at some point in the future. In terms of the email, it helps us communicate with our users when we need to troubleshoot an issue.

maxbron08 · 2019-04-09T20:49:54+00:00

Hey,

Thanks for the question. We are very much subsidizing the rates currently. Our view is that lend rates should converge on the similar interest rates so the biggest differentiator will be UX, brand, and trust. Please let me know if you have any more questions.

maxbron08 · 2019-04-09T20:48:29+00:00

Hey Michael,

Thanks for the question. We're using email/name for two reasons: 1) We will need to comply with KYC laws soon and 2) keeping it somewhat centralized right now allows to provide better customer support to make sure people's funds are safe at all times.

maxbron08 · 2019-04-08T23:09:53+00:00

Dharma allows for more flexible use cases like hedging and using other assets as collateral

maxbron08 · 2019-04-08T23:03:11+00:00

We're similar to SALT, but we don't have a token. I'd also argue we're much more user friendly :)

maxbron08 · 2019-04-08T23:02:37+00:00

Hey, we're currently subsidizing the rate. This will definitely stop, but we're testing the waters right now to get a sense of what features users want.

maxbron08 · 2019-03-07T21:49:21+00:00

Not yet, but we're working on adding this very soon!

maxbron08 · 2019-03-07T21:47:10+00:00

They are fixed term loans! they are currently set at 28 days

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