DOW Protocol is a Real-World Asset (RWA) platform focused on bringing e-commerce working-capital financing on-chain. It connects blockchain-based liquidity with real-world e-commerce merchants that need short-term financing to manage inventory, advertising, and day-to-day operations while waiting for marketplace payouts.

The protocol uses first-party merchant data from e-commerce platforms, including sales, GMV, refund rates, product categories, and other performance metrics, to assess borrower risk and validate financing requests. This data is combined with traditional due diligence and underwriting processes.

Through its on-chain infrastructure, DOW aims to automate key parts of the lending process, including loan origination, cross-border settlement, repayment management, and risk monitoring. Smart contracts can manage repayment deductions and other controls according to predefined rules, making the financing process more transparent and efficient for lenders.

In simple terms, DOW Protocol connects DeFi capital with real e-commerce businesses, turning merchant loans and receivables into on-chain financial assets that investors can access through its RWA infrastructure.

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