Understand Doremi Land $DRM

What is Doremi Land (DRM)?

Doremi Land is a multi-chain interchange and translation architecture which enables customised side-chains to connect with different blockchains within the Decentralized Finance sector.

We have injected an immense amount of thought into all concerns, and have come up with the following changes to promote the sustained growth of Doremi Land.

What we do?

-Governance

Doremi Land token holders have complete control over the protocol. All privileges, which on other platforms are exclusive to miners, will be given to the Relay Chain participants (DRM holders), including managing exceptional events such as protocol upgrades and fixes.

-Staking

Good actors are rewarded by this mechanism whilst bad actors will lose their stake in the network. This ensures the network stays secure.

-Bonding

New parachains are added by bonding tokens. Outdated or non-useful parachains are removed by removing bonded tokens. This is a form of proof of stake.

Multi-chain interchange and translation architecture which enables customised side-chains to connect with different blockchains within the Defi sector.

Our Ecosystem

The main constraints of Doremi Land which DRM will address are:

-DRM Charge: Maximize network effect through DRM-net and para-DRM, which maximizes rewards thereby attracting more capital to increase cover capacity.

-DRM Capacity: Maximize DRM network capacity by capturing and staking DRM back into the ecosystem to boost overall capacity.

Having the ability to address both the supply-side and demand-side constraints puts DRM in a unique position to maximize cover sales and there by rewards for token holders.

The current Doremi Land system is composed of the following products and tokens:

$DRM is the governance token of the protocol, functions include voting on updates to smart contract code, fee model constants and claims assessment.

$DRM Stake allows users to deposit their DRM tokens in the Doremi Land ecosystem and earn DRM without any difficulties.

$DRM Farm is the yield bearing token of the DRM Farming Pools (BNB-DAI-USDC-USDT..etc.). DRM accrues staking rewards, increases coverage capacity on Doremi Land ecosystem, and circumvents the mandatory staking lockup period.

DRM Smart Chain Connection System is the one and only product that facilitates smart yet simple, dynamic, pay-as-you-go DRM tokens on your funds to protect them against liquidity risks.

DRM Smart Vaults are protected vaults for LP tokens with autopayments, powered by DoremiPower. Users can deposit their LP tokens and enjoy fully or partially collateralized token coverage. Trading Fees are subtracted from the yield generated from pool fees — that means you never have to pay manually or deposit funds up front.

More and more will be released soon.

Official Website: https://www.doremiland.info/