Brief Update About dForce Ecosystem
Brief update about the dForce ecosystem to lets DF users know what’s happening inside the project.
dForce monthly update is here. Keeping its community up-to-date about what to expect in the coming months with the dForce team.
Highlights
- dForce will be deploying a full set of DeFi protocols including stablecoin USX and lending on Avalanche and EVMOS. This is to, continue dForce’s expansion efforts to become a multi-chain interoperable DeFi Infrastructure in Web 3.
- Launched dForce Bridge, a cross-chain bridging tool facilitating the instant and low-cost transfer of $USX and $DF across blockchains and layers deployed with dForce protocols
- dForce further integrated Chainlink price feeds on Arbitrum. Chainlink is the primary oracle solution for dForce’s lending protocol and algorithmic stablecoin protocol on all supported blockchains and layers now.
Additionally, in April, dForce recorded a TVL of $268.5m with 43.6% parked on Arbitrum. 28.3% on Binance Smart Chain, 20.3% on Ethereum, as well as 5.8% on Polygon.
Approximately 39.3% of USX liquidity has been allocated to facilitate cross-chain expansions on Arbitrum, BSC, and Optimism, 31.5% to lending, and 17.2% to cBridge (cross-chain swap), 11.5% sitting in wallets with market participants, and 0.5% to DEXes.
Liquidity Mining
Furthermore, dForce has ongoing liquidity mining initiatives on Ethereum, Arbitrum, and Binance Smart Chain. Please visit the dForce Forum to view the gauge and click here to see related tutorials.
DeFi Integrations
DDDX, a new decentralized exchange with a dual AMM algorithm supporting voting escrow tokenomics (veToken governance model), announced its support to DF/USX and BUSD/USX. As a result, users can provide liquidity to earn $DDDX rewards or vote for DF/USX and BUSD/USX to earn trading fees.
Moreover, as one of the most active projects on Arbitrum, dForce participated in the Arbitrum Odyssey campaign. Winners can get Arbitrum-exclusive NFT designed by the illustrious crypto-renowned artist Ratwell and Sugoi.
ABOUT dForce
dForce is an integrated and interoperable platform for opening finance protocols, covering lending, assets, as well as trading.
RESOURCES
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