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dForce is a comprehensive suite of DeFi protocols that cover assets, lending, and trading, serving as DeFi infrastructure in Web3. It operates on Ethereum, Arbitrum, Optimism, BSC, Polygon, Avalanche, and KAVA. dForce DAO is a community-driven project, where major protocol changes are driven by the community and decided by dForce token (DF) holders through governance voting via Snapshot. Community members can participate in governance-related discussions on the forum. dForce is backed by a consortium of world-class investors including Multicoin Capital, CMBI, and Huobi Capital.
Stablecoin USX is a decentralized and fully-collateralized stablecoin that implements multiple minting modules, including global-pool, vault, and LSR. Its dollar peg is determined by a hybrid interest policy that efficiently improves liquidity by adjusting lending and borrowing rates on supported protocols. USX is also tradable at a 1:1 rate with other supported stablecoins directly through dForce Trade on multiple blockchains.
dForce Lending is a non-custodial lending protocol that supports multiple collaterals with market-driven dynamic interest rates. Users can supply crypto as collateral to borrow other crypto assets based on real-time supply and demand. dForce Lending has undergone extensive code reviews, security audits, and bug bounty programs.
dForce Trade is a DEX aggregator integrated with Celer's Inter-Chain Messaging (Celer IM) framework to facilitate cross-chain swaps. It searches for the best price and aggregates liquidity across multiple platforms and blockchains to optimize trades.
dForce DAO utilizes DF as the governance token, giving holders control over decisions regarding dForce protocols, including asset onboarding, risk parameter changes, fee accrual, and interest alignments. Governance discussions can be joined on the dForce Forum, and crucial protocol changes are decided through governance voting on Snapshot.
DF token holders can stake their tokens with dForce to receive staking rewards. There are options for free staking with no lock-up, as well as lock-up staking for higher yield and voting rights with lock periods ranging from 1 week to 4 years.
Users can participate in dForce activities and receive DF token rewards based on their contribution. DF liquidity mining is conducted on Ethereum, Arbitrum, BSC, OP, and Polygon to incentivize lending and providing liquidity for dForce-backed assets. DF rewards are assessed weekly for optimal efficiency. Tutorials and the latest gauge (rewards) can be found on the dForce Forum.
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What is dForce?
dForce aims to create an integrated and interoperable open finance and monetary protocol matrix. This includes dForce Lending, a lending protocol, dToken, USDx, GOLDx, asset protocols, and dForce Trade, a liquidity protocol. The team behind dForce consists of crypto veterans and professionals from renowned institutions like Goldman Sachs, Standard Chartered Bank, and Hony Capital. Notable investors supporting dForce include CMBI (China Merchants Bank International), Multicoin Capital, and Huobi Capital (the investment arm of Huobi Group).
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