Each asset supported on dForce Lending has its own iToken, representing a pro rata share of the pool. The amount of iToken will stay constant but its value will increase over time, with interest accounted for every block.
iToken is a ERC20 (Ethereum) / BEP20 (Binance Smart Chain) token. You can mint, transfer, trade or redeem iToken at any time without trust.
When you supply funds to dForce Lending, you will mint and receive iToken automatically which can help you keep track of your principal as well as interest earned.
When you withdraw funds from dForce Lending, a pro rata claim of iToken will be automatically burned in exchange for underlying token plus interest gained.
iToken and dToken are both deposit receipts, representing a proportional claim of respective asset pool.
iToken serves as a LP token for users to keep track of their funds supplied to dForce Lending, while collected funds of dToken are allocated to a broader range of yield markets supported by diversified strategies, with dForce Lending as one of the underlying protocols to provide yield.
We engaged four global audit firms to perform security audit and formal verification for our lending & synthetic asset protocol:
Trail of Bits
Click here to review audit reports.
Mint or redeem through: dForce Lending