Dharma

The easiest place to borrow and lend cryptocurrency

Dharma is the easiest place to borrow and lend cryptocurrency. With Dharma, anyone can earn interest on their crypto or take out a line of credit from anywhere in the world. No bank account required. 
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Would you recommend this product?
12 Reviews4.2/5
Nadav Hollander
Maker
Co-Founder & CEO @ Dharma
Hey PH — My name's Nadav, and I'm the CEO & Co-Founder of Dharma. Cryptocurrencies have long been heralded as way to "bank the unbanked" — but, in reality, most cryptocurrencies sit idle and unused in wallets like Coinbase. We were promised magical internet money, but instead we got boom-bust lottery tickets. We want to remind the world of what got us excited about cryptocurrencies in the first place: the ability to deliver financial services to anyone in the world with an Internet connection. That's why we built Dharma. Dharma is the easiest place to borrow and lend cryptocurrencies — instantly & securely, anywhere in the world. Today, any internet-connected individual in the world can use Dharma to earn dollar-denominated interest or leverage their existing crypto holdings by taking out a crypto-backed loan. There's a lot that gets us excited about that: - Dharma is accessible to anyone, anywhere in the world - Dharma is leverages a system of smart contracts on the Ethereum blockchain in order to secure loans in the system — we *never* touch your crypto or have the ability to misappropriate or steal your crypto. You don't have to trust us — you just have to trust math, cryptography, and code. - Dharma doesn't require specialized wallets or chrome extensions — you can access it using any wallet, even Coinbase. And it's *extremely* easy for anyone to use — no fancy buzzwords, no worrying about the underlying tech. - We've been operating a private release of Dharma for several months now, and have already had users borrow >$1m and lend >$1.5m in cryptocurrencies Now that we're unveiling Dharma to the broader public, we're excited to hear what the PH community thinks. We think we've made magical internet money a bit more magical today, and we think you'll agree. Nadav
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JakeWesorick
Developer
@nadavahollander "Dharma is accessible to anyone, anywhere in the world" What steps do you take to keep everything legal? Every country has their own laws on lending. Seems like it would be tough to stay in compliance with all of them.
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Paul Walsh
@MetaCert CEO
@nadavahollander Where can I read the terms and conditions for the interest rates paid back by borrowers - without having to sign up? What is the maximum annualized interest rate that can possibly be charged? I left the question below but didn't get a response - so thought tagging might help.
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Todd Goldberg
Hunter
Builder | Angel investor | YC Alum
The Dharma team just unveiled their new product and brand. They're now building one of the most usable and important products in crypto today. If you're holding any Ether, you can use Dharma to effortlessly lend it out and earn interest.
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Zach Segal
Work @Coinbase & @BlockchainCurated.com
Best in class design from @Dharma_HQ -- flexing on how to make *using* crypto easier. Tons of complexity behind the scenes being abstracted away into an incredibly smooth flow to let anyone on earth borrow or lend out their cryptocurrency.
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CryptoJesusEthereum Foundation

Dharma has one of the easiest interfaces to earn interest on your crypto. They've implemented a 4 digit pin system to make Ethereum easy! The team is incredibly helpful and they have a huge vision. I can't wait to see savings accounts for developing countries! One of the best user facing products in the Ethereum ecosystem. Immediately earn interest with no term, no forms, no identity ---- pretty cool!

Pros:

Easiest way to earn interest on your crypto. Absolutely no reason not to use Dharma if you hold ETH.

Cons:

I dont hold enough ETH... :(

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Ryan Hoover
Founder, Product Hunt
Super interesting. Are people borrowing/lending crypto assets today?
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Brendan Forster
Maker
COO, Dharma
@rrhoover Yep! We launched to a closed group of early partners in February. In March, lenders on Dharma lent over 1M USD worth of cryptocurrency (Ether and MakerDAO's stablecoin Dai), of which over 600k was borrowed.
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Nadav Hollander
Maker
Co-Founder & CEO @ Dharma
@rrhoover Over $1m in crypto-assets have been borrowed and $1.5m+ lent on Dharma during the past 3 months :)
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