dForce deployed on Avalanche

Published on: 17.04.2022

dForce will be deploying its DeFi protocols including lending and stablecoin USX on Avalanche, continuing dForce’s expansion efforts to become multi-chain interoperable DeFi Infrastructure in Web 3.

By introducing dForce Lending and USX to Avalanche, the Avalanche ecosystem will have more choices for end-users and more integration opportunities to facilitate organic growth of the AVAX ecosystem. Below are specifics of the integration.

Stablecoin USX

USX is also the first decentralized stablecoin that features over-collateralization, highly capital efficient via PDLP (Protocol-Direct-Liquidity-Provision) and cross-chain operation (integrated with c-Bridge). With circulating supply of close to 200m and growing, it is currently deployed and bridged across Ethereum, Arbitrum, Optimism and BSC, making it the few decentralized stablecoins with cross-chain capabilities.

dForce Lending

dForce Lending is currently the largest Lending protocol on Arbitrum in terms of TVL and it’s the very few full-suite lending protocol deployed across Ethereum, Arbitrum, BSC and Optimism.

It is a pool-based multi-sided lending protocol which supports multiple collaterals with a market-driven dynamic interest rate model.

dForce Lending is a battle-tested and comprehensive money-market and lending protocol, it has been deployed for more than a year and has undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a bug bounty launched through Immunefi. dForce Lending has successfully withstood a number of market turmoil and drawdowns and battle-tested.

dForce Bridge

With a target to bring the best of all worlds and connect users of multiple chains with cross-chain liquidity, dForce Bridge will be launched to facilitate the bridging of $DF and $USX across Ethereum, Arbitrum, Optimism, BSC, and Polygon with lower fees and faster transaction speeds.

About dForce

dForce advocates for building a complete set of DeFi protocols covering assets, lending, trading, serving as DeFi infrastructure in Web 3. dForce is currently deployed on Ethereum, Arbitrum, Optimism, and BSC with a TVL of $306m (Data Source: Defi Llama).

Core protocols include both pool-based multi-collateral and vault-based single-collateral multi-currency stablecoins (USX and EUX). Implemented with PDLP (Protocol-Direct-Liquidity-Provision) and POO (Protocol-Owned-Operator)

About Avalanche

Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality. Avalanche is blazingly fast, low cost, and eco-friendly. Any smart contract-enabled application can outperform its competition by deploying on Avalanche.