dForce Ecosystem Update — April 2021
Integrated and interoperable open finance protocol matrix, dForce introduced Ecosystem Update for April 2021.
dForce Lending is a decentralized lending protocol featured by global liquidity pool, over-collateralized loan and dynamic interest rates. It has achieved a total supply of $42m and borrow of $14m in less than a month since the launch in April, 2021.
Lending & Synthetic Asset Protocol
- Completed smart contract audit and formal verification by Trail of Bits, Consensys Diligence, Certora, and CertiK.
- Testnet launched on Kovan as the final test phase before formal launch.
- Integrated Chainlink oracle to provide price feeds for supported assets.
- Price-feed solutions for stock synthetic assets when markets are closed.
dForce Trade
- Completed development of AMM.
- Will integrate AMM with dForce Trade (DEX aggregator) as one of the underlying protocols to facilitate the best available price and liquidity.
- UI/UE improvement is underway.
dForce Tokenomics 2.0
DF used to act as governance token for dictating decision making as well as fee token when interacting with our USDx stablecoin protocol.
What is dForce?
dForce is an integrated and interoperable platform of opening finance protocols, building a full stack DeFi protocols and creating an interconnected, interdependent protocol ecosystem.
📰 INFO:
https://medium.com/dforcenet/dforce-ecosystem-update-april-2021-9b18b89920e3
