DAM Finance (Web3 banking DAO), has successfully launched its Moonwalker V1 testnet on Moonbeam’s Moonbase Alpha and Ethereum’s Goerli Testnet. The testnet is now available on both networks and allows users to try DAM’s innovative lock-and-mint system backed by DAM’s proprietary dReservoir and its Linked Multi-Collateral Vaults (LMCV).
With the Moonwalker v1 testnet, users can now experience minting d20 stabilizecoins on a chain and then seamlessly “teleporting” them onto another chain. DAM will launch its mainnet after the testnet phase is completed. This will allow for support for a wider range of assets.
Connect your Metamask wallets to connect to the Moonwalker V1 testnet. Once connected, users will need to add Moonbase Alpha or Goerli Testnet to their Metamask accounts.
Participants can obtain Moonbase Alpha’s native DEV token as well as Goerli Testnet’s Goerli Ethereum token by adding support for testnets to their accounts. Users can then convert their Goerli ETH into USDC by accessing Goerli Uniswap and login to the most recent version of the DAM app on Netify.
Testnet users can use the DAM app to test the functionality and exchange their USDC for D20. This allows users to teleport the d20 from Goerli Testnet into Moonbase Alpha. Then, they can teleport it back again to Goerli Testnet before finally burning the remaining d20 to release the equivalent amount of USDC.
Participants are also encouraged to share their experiences with the product’s interface and user experience. The DAM team will implement these changes in future updates.

Cross-Chain Liquidity Issues Can Be Overcome
DAM Finance’s D20 stablecoin is not centralized. It is a portfolio-backed, omnichain stablecoin that can be mined on any EVM-compatible chain. Users can move existing assets to another chain at a 1:1 ratio, mint them, and then move them back to the original chain to swap for other assets. DAM Finance’s unique selling point is its ability to allow borrowers to create d20 stablecoins using a variety of tokens that can be deposited in one transaction.
DAM’s Layer-0 infrastructure allows for easy teleporting d20 across networks as a native-level asset through its dReservoir or the Linked Multi-Collateral Vault. This makes it possible to bridge liquidity between standalone networks. This functionality allows borrowers to have more control over the generation and management of vaults, as well as a wider range of blockchain-secured assets for collateral.
Harrison Comfort, DAM’s co-founder, explains that “we want to champion innovation by making stablecoin liquidity more secure away from Ethereum towards other networks without the constant vulnerabilities presented by bridges.” d20 will accelerate the adoption of emerging networks and is our first step towards realizing our omnichain promise.

  

DAM Finance (Web3 banking DAO), has successfully launched its Moonwalker V1 testnet on Moonbeam’s Moonbase Alpha and Ethereum’s Goerli Testnet. The testnet is now available on both networks and allows users to try DAM’s innovative lock-and-mint system backed by the omnichain stabilizecoin d20, DAM’s proprietary dReservoir (DMCV), and its Linked Multi-Collateral Vaults (LMCV). With the Moonwalker v1 testingnet, users can now experience minting d20 stabilizecoins on one network and “teleporting” them to another. DAM will launch its mainnet after the testnet phase is completed. This will allow for support for a wider range of assets. Connect your Metamask wallets to access the Moonwalker V1 testnet. After connecting, users will need to add Moonbase Alpha as a supported network under their Metamask wallets. Participants can then acquire Moonbase Alpha’s native DEV token, and Goerli Testnet’s Goerli ETHtoken. Users can then exchange their Goerli ETH for USDC by accessing Goerli Uniswap and then login to DAM Finance’s latest version on Netify. Users can then teleport d20 to Moonbase Alpha from the Goerli Testnet. Then, they can teleport it back into Goerli Testnet. Finally, they can burn the d20 to release the equivalent amount of USDC. Participants are encouraged to share their feedback with the DAM team about the product’s user experience and interface. DAM Finance’s unique selling point is its ability to allow borrowers to create d20 stablecoins using a variety of tokens that can be deposited in one transaction. DAM’s Layer-0 infrastructure allows d20 to be teleported across chains as a native-level asset via its dReservoir or the Linked Multi-Collateral Vault. This allows for the transfer of liquidity between standalone networks. This functionality gives borrowers greater flexibility in the generation and management of vaults, as well as the ability to use a wider range of blockchain-secured assets to collateral. d20 will accelerate the adoption of emerging networks and is our first step towards realizing our omnichain promise.