Decentral Autonomous Bank

DAB is, global, peer-to-peer (P2P), fully distributed bank without centrally controlled elements. DAB intermediates cryptocurrency based banking services directly between peer-to-peer customers.

Peer-to-Peer Banking.

DAB facilitates peer-to-peer banking globally in cryptocurrencies. It is a self regulating bank, an ecosystem which aims to facilitate classical deposits, lending and asset management services globally. All interactions are between peers, DAB only helps peers to find an appropriate counterparty.

Secure

Only you have your cryptocurrencies private keys. Nobody else.

Private

Banking services are done peer-to-peer (P2P), so there is no disclosure of information to third parties as only peers have it.

Reliable

DAB is completely distributed, there is no central node which can be hacked or shut down.

Local

All your cryprocurrencies are in your local wallet. They belong only to you.

Less fees

DAB is a distributed bank for direct interactions between peer to peer customers. It means there are no middle-man who want to charge you fees.

Open Source

DAB code is open to everybody.

How does it work?

Clients hold their cryptocurrency assets or I own yous (IOY) locally in their wallets. Clients can supply their assets for lending or demand lones themselves. Matching of loan supply and demand is done by a completely decentralized matching engine. After match is identified client can supply assets for lending or lend money from deptors. There is no central order book, there is no central risk calculation. All capabilities of DAB are completely distributed all over the world.

Want more info on how it works? Check out our in-depth Whitepaper