New Year: New Higher Yield!
8% for DF1DRP “Drop” tokens
Our Amazon Seller Inventory financing platform has been running for two years and has shown solid, consistent returns for our traditional finance and DAI stablecoin funders. In recognition of this, we have been working with Centrifuge to update our pool’s parameters and increase the returns to all existing and new Databased Finance Drop holders to 8%. This change will come into effect 14 days from today (as per Centrifuge’s recommended change management process.)
New Year: New Opportunities!
DF1TIN "Tin Tokens open to all existing DROP holders
We are also opening up TIN to the greater community - previously only held by wallets related to Databased Finance. These tokens generate a premium over DROP but act as a limited insurance layer and take the first losses in case any of our sellers go out of business, or we have to take full possession of their inventory and sell it off at a potential loss. You must read through a TIN subscription document to participate, confirm you fully understand the risks, and then sign the document. Returns are variable but, without any defaults, start with a base higher than the pool’s average returns, so currently above 10.1%.
Current Amazon Sellers, funded by you, achieved combined sales of over 90 million USD in 2022.
Based on last year’s sales, 2023 offers the capacity for DeFi to deploy a further $20 million to our existing Seller / client base.
We look forward to further building our community of Funders and Sellers over the course of 2023
Thanks and Happy New Year
The Databased Finance team