dForce on Optimism

Published on: 29.11.2021

DForce finally deploys on Optimism.

This deployment continues dForce’s multi-chain strategy and furthers us in the journey to expand DeFi to rival TradFi. The deployment on Optimism will enable cheaper and faster trading for smaller holders, and will be a great addition to current multi-chain offerings of dForce on Ethereum, BSC, and Arbitrum.

As the core developers behind dForce protocol are early Ethereum evangelists, the team has been keenly looking into scalability solutions on Ethereum to solve Ethereum’s inherent problems and strengthen dForce protocol’s DeFi offerings. Optimism is the first Optimistic Rollup project, and debuted its Alpha Layer 2 solution back in July 2021. Optimism has since onboarded multiple DeFi projects including Uniswap, Synthetix, and MakerDao. However, they noticed that currently, there are no other DeFi protocol on Optimism that provides as comprehensive an offering as dForce; covering lending, multicurrency native stablecoins, and synthetic asset protocol. By bringing this full suite of DeFi services to Optimism, they aim to serve the underserved DeFi market on Optimism.

Layer 2 solutions aim to increase the speed and efficiency of the Ethereum network by building on top of Ethereum, without affecting the underlying Ethereum blockchain. To solve Ethereum’s inherent shortcoming of limited TPS and high gas cost, dForce’s core development team have deployed dForce protocol on scalability solutions. Back in September 2021, dForce launched on Arbitrum, the first live EVM compatible Optimistic Rollup project. Arbitrum and Optimism both leverage optimistic rollups, and share similar protocol designs.

About dForce

dForce advocates for building an integrated and interoperable DeFi protocol matrix, covering lending, assets, and trading.

dForce Lending (including multicurrency stablecoins) has undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a Bug Bounty Program launched through Immunefi.