Dharma is a money-market protocol that runs on the ethereum blockchain. It let crypto owners lend out coins they are not using to suitors who have a need for crypto, creating a market for unutilized virtual currency. The Dharma protocol matches interest-rate streams rather than people, which means once a coin is supplied it becomes a fungible resource. This allows users to withdraw their coins whenever they like.
Crypto Interest Provider Dharma
Decentralized lending service
Earning Start: For amounts up to $5,000 immediately. For amounts exceeding $5,000 as soon as loan offer matches with borrower request. Can take between 1 and 14 days.
Guarantee Period: During loan duration (currently only 90 days)
Payed As: Same currency as deposit
Payout Interval: Paid as soon as the borrower repays the loan or borrowers collateral is liquidated.
Currently only loan duration of 90 days is available. For amounts exceeding $5,000 it can take pretty long until a lending offer and borrowing request are matched and interest earning starts. Currently it takes between 1 and 14 days.
Up to $5,000: locked for 90 days. Exceeding $5,000: as long as a loan offer is not matched with a borrow request, it can be withdrawn at any time. After matching it is locked for the duration of the loan. Currently only loan duration of 90 days is available.
Crypto is sent to the dharma smart contract via the dharma user interface. Crypto is lent to borrower by smart contract.
Operating since 2018. Registered in United States.