dForce is coming to Kava
dForce is coming to Kava Network and will be deploying a full set of DeFi protocols including lending and stablecoin USX on KAVA.
dForce is evolving into a true multi-chain interoperable Web3 infrastructure, and the core development team at dForce will continue to monitor the industry for integrations to benefit its community.
Furthermore, dForce stated that they believe this will provide more choices for end-users and more integration opportunities to facilitate the organic growth of the KAVA ecosystem.
The specifics of the integration
Stablecoin USX
USX is the first stablecoin that is easy to be integrated with any lending protocol and vaults models. It could support both pool-based multi-collateral as well as isolated-collateral vaults, making it highly flexible and efficient to support collaterals of different risk profiles, i.e. major crypto as well as yield-bearing crypto and LP tokens.
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 a 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.
KAVA’s ecosystem will benefit from onboarding additional DeFi protocol and stablecoin. On top of other stablecoins deployed on KAVA such as USDX and BUSD, onboarding USX to KAVA will add another decentralized stablecoin to the KAVA ecosystem. With the current USX market cap near $200mil, this additional liquidity will help to scale KAVA’s DeFi ecosystem and liquidity between other blockchains and KAVA.
dForce Lending
dForce Lending is currently the largest Lending protocol on Arbitrum in terms of TVL. It is also the very few full-suite lending protocols deployed across Ethereum, Arbiturm, BSC, and Optimism.
Furthermore, 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, and ConsenSys Diligence, CertiK, Certora (formal verification), with a bug bounty launched through Immunefi. In addition, dForce Lending has successfully withstand a number of market turmoils and drawdowns and battle-testing.
dForce Bridge
Moreover, with a target to bring the best of all worlds and connect users of multiple chains. With cross-chain liquidity, dForce Bridge will be launch to facilitate the bridging of $DF and $USX across Ethereum. The bridge will support Arbitrum, Optimism, as well as BSC, and Polygon with lower fees and faster transaction speeds.
As a start, dForce partnered with Celer’s cBridge to power cross-chain bridging of $DF and $USX. The liquidity flow will be mainly empowers protocol-control liquidity through PDLP. It is highly efficient with zero slippage and low fees. Moving forward, they will look for more collaboration. The platform will also introduce dForce customized bridges to facilitate the cross-chain bridging of more assets in a decentralized manner. Serving as general public infrastructure to power the growth of DeFi.
ABOUT dForce
dForce advocates for building a complete set of DeFi protocols. It covers assets, lending, trading, and serving as DeFi infrastructure in Web 3.
ABOUT Kava Network
Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain. It combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.
RESOURCES
Medium
