4/ We've made important strides in that direction with Lever. See for yourself:
Offering your Ether on the Dharma Credit Market is no longer predicated on having MetaMask installed — you simply send your Ether to a one-time "relay address", and that's it. We handle the rest.
3/ The next generation will replicate the existing Web 2.0 experience in a wholly non-custodial manner — meeting consumers in their comfort zone, rather than pushing them out of it.
2/ The first generation of DeFi products asked users to learn new behaviors — install this Chrome extension, write down that seed phrase, set this gas amount, etc.
5/ Borrowing is just as easy — you choose the asset you want to borrow, send your collateral to a one-time "relay address", and your principal appears in your account.
All of the complexity of the underlying Dharma Credit Market (and Ethereum blockchain) are neatly tucked away.
7/ A tremendous amount of technical craftsmanship has gone into making this experience equal parts accessible and non-custodial — we'll be publishing a blog post in the near future detailing the various tools we're leveraging (e.g. meta tx's, CREATE2, etc.)
6/ The transparency of the undergirding blockchain especially shines in a user's ability to granularly monitor where their capital is going. Lenders have an unparalleled ability to drill down into where each and every last cent they've offered has been deployed.
8/ More importantly, though, the lion's share of credit for the experience we've been building is owed to the man behind the curtain on Lever's design — @dApp_boi has truly raised the bar for Web3 design 👏👏
9/ Want to give Lever a try? Sign up for the waitlist today and see this all for yourself:
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