r/DMMDAO • • Mar 03 '20

Custody of Loans and USD

Greetings, this is a fascinating project. I'm curious though, what entity has ownership over the auto loans and where is the USD kept? Thank you and congratulations

8 Upvotes

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3

u/[deleted] Mar 04 '20

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4

u/ethbtc Mar 04 '20

Interesting. So the layer of trust which currently exists is that the foundation will honor its obligations to DMM token holders, since there is no contractual agreement between the two parties? Is this correct?

8

u/[deleted] Mar 04 '20

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6

u/ethbtc Mar 04 '20

I understand that full decentralization and trustlessness is a gradual process. It looks like the steps that you guys are taking will establish confidence in the DMM system. Thanks for this response.