dForce advocates for building an integrated and interoperable open finance protocol matrix covering lending (global liquidity pool, yield markets), assets (stablecoin, synthetic asset, etc), and trading (liquidity aggregator, AMM).
Features:
Permission-less and open – everyone with internet access can participate.
Non-custodial – minimal trust cost, users always have ownership over their crypoassets.
Open-sourced – anyone can integrate with dForce and build your own product on top of our protocols.
Decentralized – dForce (DF) token empowers the governance voting process.
dForce is backed by a number of world-class investors including CMBI (China Merchant Bank International), Multicoin Capital, and Huobi Capital. It is the world’s first open finance project powered by a leading commercial bank.
Our core team members include crypto evangelist and professionals with solid financial background (Goldman Sachs, Standard Chartered Bank, Citigroup, Hony Capital).
dForce
How do I use the service?
dForce provides an all-in-one interface for users to access a comprehensive range of DeFi services, including:
Lend: earn interest on your crypto by lending it in a decentralized manner.
Trade: instant token swap with the best available price and liquidity across different decentralized platforms.
Mint: mint a variety of dForce assets (stablecoins, synthetic assets, dToken, iToken, USDx, GOLDx).
Earn: deposits are rebalanced between different lending protocols that offer the best interest rate and liquidity.
Farm: earn DF rewards by participating in lending activities, minting and providing liquidity for dForce synthetic assets.
dForce Lending
What are the risks associated with using the service?
Security is at the top of our priorities. We are taking extensive measures to ensure risk management is implemented on multiple levels:
We engaged the world's best audit firms for security audits and formal verifications for all dForce native protocols: Trail of Bits, ConsenSys Diligence, Quantstamp, Certik, Certora, PeckShield, SlowMist, SECBIT.
We launched a Bug Bountyprogram to encourage security researchers, white hats, community’s participation in identifying potential vulnerabilities in dForce protocols and receive bounty rewards.
We will perform risk assessments in accordance with dForce Risk Framework for each asset to be supported.
We are in talks with multiple decentralized insurance platforms to provide covers for dForce users to further hedge smart contract risks.
However, users should note the DeFi industry is still in its nascency, and assume no platform is 100% secure from risks associated, including smart contract vulnerabilities and liquidation risk in highly volatile market conditions.
What is DF token?
dForce Token (DF) is the governance token across the network, conferring holders the power to influence decisions concerning dForce protocols, including onboarding of new assets and collaterals, changes to risk parameters, fee accrual, interest alignments, etc. DF holders can propose and vote to collectively decide on proposed protocol changes across the entire dForce Network.
Total supply of DF token is 1,000,000,000 (1 billion).