Dual Liquidity Mining with DODO on Arbitrum by dForce
dForce announced dual liquidity mining initiative (DF + DODO) with DODO on Arbitrum, starting from 12:00pm UTC+8, 29 September, 2021.
dForce has achieved a robust growth with a total supply of $100m on Arbiturm in just one week after the launch of DF liquidity mining on 13 September (click here to check out the most up-to-date gauge). They are now the #1 lending protocol and #3 DeFi protocol in terms of TVL on Arbiturm — all credits go to dForcians and community partners!
With a target to boost liquidity across Arbitrum ecosystem, we would like to extend the dForce liquidity mining initiative to incentivize liquidity provision for dForce-backed assets, with DODO becoming the first trading venue. 3 pools will be set up on DODO through this initiative with dual rewards:
- DF/USX pool
- USX/USDC pool
- USX/EUX pool
About DODO
DODO is a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm, which leverages price oracles, and efficiently allocates funds near the market price. DODO features highly capital-efficient liquidity pools that support single-token provision, reduce impermanent loss, and minimize slippage for traders.
About dForce
dForce advocates for building an integrated and interoperable DeFi protocol matrix, covering lending (global liquidity pool, yield markets), assets (multi-currency stablecoins, synthetic assets, etc), and trading (aggregator).
About Arbitrum
Arbitrum is the next generation layer 2 for Ethereum dApps. Use your favorite tools and scale your dApp at the lowest cost.
