Hi everyone, thank you for joining us on DMX 2nd drspacers today. We'll be touching online soon, which is the Money Market by DMX shortly. Please bear with us for a few minutes as we wait for more of you to join us.
Hi guys, thanks for joining us. We'll be starting shortly in about three minutes just waiting for more people to join us.
Good morning to everyone. Thank you for joining us on this week's basis. We'll be starting shortly. Just some, so if you've been following our socials closely, you will know that we've been sharing quite a bit about Nitron.
Nitron is the upcoming money market on DMX. So for today's spaces we're actually doing a deep dive into Nitron. I hope all of you are really hyped up for this topic. But before we begin, proper, just a quick introduction. I'm Zoe from the Switcher Lapse team.
So I will be ensuring that the communication between the team and the community runs smoothly and that any concerns you may have are being addressed. I look forward to chatting with more of you and today we also have Sam from the team with us today as well.
Hi Zoe, how are you doing today? Yeah, I'm doing great. How are you? I'm doing well. Thanks everyone for joining and it's nice to see that many of you are consistent joining week on week. Excited to share more about night-john, money market. I think there's a lot of hype that's been built up as well. So yeah.
I'm excited. Yeah, definitely. So it's great to have you with us today without further ado. Maybe let's get things started. Okay, but first things first, say maybe to clear things out for listeners, could you share with us what exactly is Nitron and what was it that
actually let DMX do launching Nitron in money market. Okay, sure. So for everyone who hasn't heard of Nitron for the first time, we've been talking about this for some time on DMX. But basically Nitron is a money market that will be launched by DMX, which is basically dedicated to the Cosmos ecosystem. So
To give you guys a little bit more context, so money markets go back to like modern financial ecosystems. This is not something that's a new concept, right? So now we believe that this is something that should be brought into the Web3 ecosystem as well. So in general, money markets are just markets that allow for savers to lend out their
So say you just have like you have some idle assets that you don't want to trade but you want to like get some income on it right you can always give it to someone who is looking to borrow that asset and in that way you're earning interest or you're earning an APR for the context of crypto right so that's exactly what you're looking at.
what we want to bring over to Web 3 and bring over to DeFi. That's the idea of why DMAX is choosing the launch Nitron. Even in our broader economic sense, these loans can be made by arbitrages who are looking to improve market efficiencies.