Debt DAO Docs
The Marketplace
Debt DAO is not a single entity but rather an open Marketplace of DAOs and DeFi protocols.
The Debt DAO permissionless Marketplace allows for a diversified approach to the entire credit life cycle be it origination, borrower analysis, secondary trading and all the other steps in the lending business.
There is no governance process to participate in the Marketplace. You just need to own a certain amount of the DEBT supply to apply for a loan or to be an eligible Service Provider.

Marketplace Service Providers

A Service Provider can be present at any stage in the end-to-end loan life cycle. Here are a few examples.

Risk Analysts

Teams with significant data analytics & fundamental analysis skills and experience in DAO treasury management. Risk analysts help lenders in the Debt DAO marketplace to quantify the risks present in lending such as tech, smart contract security, business model, and financial performance of the potential borrowers.
This could mean building Dune dashboards for revenue streams, compiling operating expense reports, or other financial analysis. A risk analyst could also use our Generalized Cashflow Model built on Credmark to verify project cashflows in the process of setting loan terms.
Examples: Credmark, Llama DAO, Gauntlet Network, DeFi Pulse, DeepDAO, Prime DAO, Numeus


Parties with excess capital that they want to lend out. These could be stablecoin providers, money markets, DAOs with large treasuries, crypto funds, or individual whales.
Examples: Maker, Frax, Fei, Aave, Olympus, Iron Bank, Rari

Debt Resellers and Derivatives

On top of new DeFi primitives (the originated debt) we envisage that Service Providers will create derivative products which can be sold in the Marketplace (e.g. fixed-rate bonds, structured notes) earning lenders immediate profits and freeing up their capital. Debt DAO is tokenizing and making debt fungible to facilitate this process.
Examples: Galleon DAO, Index Coop, Notional, Element.fi, BarnBridge


The primary role of insurance and coverage protocols is to mitigate risk from protocols, their tokenomics and smart contract bugs. Lenders or $DEBT stakers can take out policies to protect themselves against hacks, defaults, or other events that might lead to financial losses.
Examples: Nexus Mutual, Sherlock