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About DMD

Dark Matter DeFi (DMD) is a project our team created with the vision to bring NFT staking with a storyline to the world of DeFi farming. NFT's are everywhere but none really are born with an evolving storyline behind them and we aim to change that.Dark Matter employs its native token, DMD, in all aspects of its ecosystem, including governance. At launch, you are able to stake, pool, and earn DMD. Additional use cases are in development, featuring NFTs and more. As Dark Matter brings forward proven and known use cases, they will always be framed with a twist matching the needs of our community while reflecting our theme. Our focus is on heightening our users' experiences in a fun, and most importantly, profitable, venture.

Dark Matter DeFi (DMD) is a cryptocurrency launched in 2021. DMD has a current supply of 10.02M with 0 in circulation. The last known price of DMD is 0.000127527965 USD and is 0.000000197179 over the last 24 hours. It is currently trading on active market(s) with $20.07 traded over the last 24 hours. More information can be found at https://www.darkmatterdefi.com/.

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Updated Jun 24, 2024 4:39 am
Dark Matter DeFi
Mkt Cap $0
There's nothing here for now
Curve Finance Founder's Large Token Holdings Lead to Market Panic
Curve Finance Founder's Large Token Holdings Lead to Market Panic
According to Bloomberg, in the cryptocurrency industry, it's typical for founders to accumulate substantial amounts of their project's native token as a stake in the business. This approach, while promoting transparency and offering a more liquid exit strategy, can sometimes lead to complications. For instance, when executives and venture-capital backers hold significant portions of a token, market liquidity can become scarce when they sell. This has led some to resort to unconventional methods to liquidate their holdings. A recent incident involving Curve Finance founder Michael Egorov serves as a prime example. Egorov's trading of nearly $96 million in stablecoin loans was backed by approximately $140 million of his CRV holdings as collateral. This collateral was spread across several DeFi platforms, including Curve's own LlamaLend. However, when the price of CRV plummeted following the hack of a small DeFi lender this month, the value of Egorov's collateral also fell, forcing his positions into liquidation. This forced selling resulted in millions of dollars in bad debt for Egorov and Curve, and triggered widespread market panic among CRV investors. The value of the coin briefly hit a record low following the liquidation. Egorov subsequently sold more CRV tokens in an over-the-counter deal to cover most of Curve's bad debt. In a statement, Egorov confirmed that he personally repaid most of the bad debt and was committed to ensuring that all users could withdraw their deposits without any issues. This incident highlights the challenges faced by crypto founders and early backers when they attempt to realize the value of their holdings. The market's volatility and immaturity often mean that holdings are too dense for buyers to handle when sold in large quantities. This experimental nature of crypto markets allows for such situations, giving buyers, sellers, and builders the freedom to test the boundaries of finance without traditional rules.
Jun 24, 2024 3:33 am

Frequently Asked Questions

  • What is the all-time high price of Dark Matter DeFi (DMD)?

    The all-time high of DMD was 0 USD on 1970-01-01, from which the coin is now down 0%. The all-time high price of Dark Matter DeFi (DMD) is 0. The current price of DMD is down 0% from its all-time high.

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  • How much Dark Matter DeFi (DMD) is there in circulation?

    As of , there is currently 0 DMD in circulation. DMD has a maximum supply of 85.00M.

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  • What is the market cap of Dark Matter DeFi (DMD)?

    The current market cap of DMD is 0. It is calculated by multiplying the current supply of DMD by its real-time market price of 0.000127527965.

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  • What is the all-time low price of Dark Matter DeFi (DMD)?

    The all-time low of DMD was 0 , from which the coin is now up 0%. The all-time low price of Dark Matter DeFi (DMD) is 0. The current price of DMD is up 0% from its all-time low.

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  • Is Dark Matter DeFi (DMD) a good investment?

    Dark Matter DeFi (DMD) has a market capitalization of $0 and is ranked #6845 on CoinMarketCap. The cryptocurrency market can be highly volatile, so be sure to do your own research (DYOR) and assess your risk tolerance. Additionally, analyze Dark Matter DeFi (DMD) price trends and patterns to find the best time to purchase DMD.

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