About Dank

Overview

What is Dank Protocol?

Dank Protocol is a license-free open source income protocol based on Ethereum L2 smart contracts . It aims to solve the problem of inefficient funds in the DeFi pledge market and build a Fixed Income market. Users can also release the forward income of d-tokens at any time to obtain instant Fixed Income. The ultimate goal of the Dank Protocolt is to give all valuable crypto assets access to diversified financial services, creating a sustainable foundation for science and finance.

Why chooses Dank Protocol?

The Dank Protocol has been protected and audited by several well-known auditors in the industry. The protocol is fully open source and it allows anyone to interact with the User Interface Client, API or directly with smart contracts on the Ethereum network. Open source means you are able to build any third-party service or application to interact with the protocol and enrich your product.

Where are the deposited funds stored?

All the deposited funds are allocated in a smart contract. The code of the smart contract is public, open source, formally verified and audited by third party auditors. User can withdraw their funds from the pool on-demand or transfer to other tokenized (dTokens) version of their lender position. dTokens can also be moved and traded as any other crypto asset on Ethereum.

Is there any risk?

There is no such "Risk Free" platform in the world or have been ever existed. Although the Dank team has taken every possible step to minimize the risk as much as possible, the risks related to Dank protocol might be the smart contract risk and liquidation risk. Additionally, the Dank team is always welcome with additional information related on risk and security. Feel free to make suggestions at the #feedback room in the Dank community Discord or the Dank community Telegram server.

Dank (DANK) token

DANK is a major part of the Dank Protocol governance. DANK is used for voting and decision-making and is the only credential for community governance. Apart from this, DANK can be staked within the protocol to provide security and insurance to the protocol and depositors. At the meanwhile, stakers can earn staking rewards and fees from the protocol. Further information about tokenomics and governance is available on the full documentation (will be released soon).

Glossary

If you are unsure about any specific terms feel free to check the Glossary (will be released soon).

Additional information and resources about Dank Protocol

Feel free to refer to the White Paper (will be released soon) for a deeper dive into Dank Protocol mechanisms. Developers can access the documentation above for a technical description of the LSD Fixed-rate market. For a detailed risk analysis, please visit the risk framework (will be released soon).