dAMM is an uncollateralized lending platform for any token, with algorithmically determined interest rates. 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 can interact directly with the dAMM protocol to both supply and borrow token liquidity, without exorbitant fees, strenuous onboarding procedures, and bilateral deal negotiation.