dForce x EntroFi Partnership
dForce announced collaboration with EntroFi, one of the first protocols venturing bridging DeFi and real-world asset financing.
This is the second inter-protocol collaboration (in addition to Liqee) of USX’s credit line extension, leading USX adoption by allowing permissioned institutions and protocols to obtain USX liquidity from dForce.
DeFi first took off in last year’s “DeFi Summer” with more than $242 billion TVL, according to DeFi Llama), however, they could say it is still in its infancy compared to size of traditional finance, such as real estate, stock, gold and bonds, with market size over 500 trillion dollars.
The partnership with EntroFi will unlock opportunities for dForce to:
1) onboard a diversified portfolio of real-world institutions and counterparties (i.e., crypto trading desks, supply chain borrowers, solar farm developers, etc);
2) extend loans to real-world assets (i.e., real estate, bond, secured loan, acquisition financing, receivables, etc).
It will greatly diversify USX’s loan portfolio and introduce non-crypto yields to DeFi. dForce will work with EntroFi to enhance the onboarding process for RWA originators seeking to obtain DeFi liquidity.
EntroFi has been working with various originators such as traditional SMEs and financial institutions to onboard real-world-assets and connect to borrowers, and providing due diligence and execution assistance.
This protocol-to-protocol integration will allow dForce to use EntroFi as a portal to connect to borrowers in various forms, and facilitate easy execution for RWA deals. Borrowers can use EntroFi’s portal to interact with dForce’s USX protocol.
About EntroFi
EntroFi is an innovative DeFi lending platform designed to significantly improve the efficiency of financial infrastructure by bridging DeFi capitals directly with loan borrowers who use real world assets or native NFTs as collaterals. In specific, it is a two-way portal that pools and channels DeFi liquidity to SMEs and individuals who have been neglected or marginalized by traditional financial intermediaries, while on the other hand, brings a variety of real-world collateral assets (account receivables, real estates, pledges of equity, manufacturing & logistic equipment) as well as existing native NFTs (Metaverse properties, artifacts etc.) to DeFi protocols by converting them into a new type of financial NFTs.
About dForce
dForce is an integrated and interoperable platform of opening finance protocols, covering lending, assets and trading.
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