dAMM is an uncollateralized lending platform for any token with algorithmically determined interest rates. Any token with a liquidity pool on dAMM, market makers and investors can borrow on dAMM to provide liquidity and trade across all centralized and decentralized trading venues. Token suppliers and market makers interact directly with the dAMM protocol to both supply and borrow token liquidity without exorbitant fees, strenuous onboarding procedures and bilateral deal negotiation. Liquidity pools are unique to each token asset and entirely transparent/publicly accessible via their respective blockchains.Tokens are aggregated within liquidity pools and subsequently lent to institutional borrowers. Once tokens are deposited to the dAMM platform, liquidity providers are given liquidity tokens proportional to their deposit. These liquidity tokens can be burned at any time for the underlying asset. As interest denominated in the pooled assets accrues to the token suppliers, their liquidity pool (LP) tokens can be redeemed for an increasing quantity of the token deposited and bdAMM. Interest rates for token suppliers are determined by the algorithmic interest rate pricing curve, alongside natural supply and demand forces of the pooled asset.dAMM will launch with limited governance but will have several additional utilities:dAMM can be staked for a portion of protocol revenuedAMM can be staked to vote on future allocations of bdAMM on a pool by pool basis.