DForce Community October Update

Published on: 07.11.2022

DForce Community October Update covering Tinnetwork supports dForce on BSC, Ethereum, Polygon, Arbitrum Optimism, Kava & more.

In October, dForce recorded a TVL of $197.7m, with 60.2% parked on Arbitrum, 20.6% on Binance Smart Chain, 7.0% on Ethereum, 5.9% on Optimism, 2.2% on Polygon, 2.0% on Avalanche, and 2.0% on Kava.

USX

As of 31st October 2022, the total circulating supply of USX is $159m, with 70.4% of liquidity currently parked on Arbitrum, 10.7% on BSC, 6.4% on Optimism, 6.2% on Ethereum, 2.5% on Kava, 2.5% on Avalanche, and 1.3% on Polygon.

Lending

In October, dForce Lending recorded a total supply of $95.3m, with 54.1% on Binance Smart Chain, Arbitrum 15.7%, Ethereum 13.2%, Polygon 9.8%, and Optimism 7%.

Revenue

dForce recorded an Annualized Platform Revenue of $949K in October, with 35.2% generated on Binance Smart Chain, 26.7% on Polygon, 17.3% on Optimism, 14.5% on Arbitrum, and 6.4% on Ethereum.

Liquidity Mining

dForce has ongoing liquidity mining initiatives on Ethereum, Arbitrum, Polygon, Optimism, and Binance Smart Chain. Please visit dForce Forum to view the gauge (update on a weekly basis) and click here to see related tutorials.

Product Development

The core developer team completed debugging of dForce’s multi-chain liquidity aggregation transaction interface.
dForce Lending Deposits and Borrows were disabled for GOLDx, FEI, xETH Assets.

DForce Community October Update – There are also some exciting developments in progress. Namely:

Multi-chain liquidity aggregation transaction to support cross-chain transaction and liquidity aggregation of assets.
Utilizing POO to provide EUX liquidity on the protocol level.
dAPP multi-module optimization in a unified style with interactive optimization.

DeFi Integrations

Tinnetwork now supports dForce on BSC, Ethereum, Polygon, Arbitrum Optimism & Kava.

Marketing

dForce attended Devcon in Bogota, Colombia, between Oct 11–14. Mindao Yang, dForce’s core contributor, attended to meet and discuss the next generation of DeFi with developers and researchers.