Our Vision

Unlike most DeFi platforms focusing on a specific feature, dForce presents a full stack of DeFi protocols covering stablecoins, lending markets, derivative markets, liquidity protocol and oracles etc. We believe that stable-assets and financial protocols are inter-connected and should be interoperable with strong synergies. dForce centers around providing a variety of use cases for stable-assets, allowing them to transact across the network with increased liquidity stickiness and solidified network effect, and ultimately, growth potential will be captured by the dForce token (DF).

Interoperability and composability allow protocols to be layered on top of each other like Lego blocks to unlock more value-offerings. For example, our yield enhancing protocol DIP 001 (under development and will go live soon) will bring out the benefits of programmable money and be integrated with any DeFi protocol to allow collateralized assets to earn passive yield.

Our vision is to build dForce into a self-improving and self-expanding open finance platform, to empower the unbanked and bring together a unified financial market.

Multiple Assets Supported

Over the past couple of months, we have launched USDx (a synthetic and indexed stablecoin pegged into a basket of constituent stablecoins), and Lendf.Me (a decentralized money market with instant borrowing capabilities), with yield enhancing protocol, liquidity protocol and a number of third-party integrations on the way.

We have been working hard to explore new value-creating opportunities and have realized the importance to onboard multiple assets for better interoperability with other DeFi protocols and encourage further adoptions.

USDT is a major stablecoin we will accept across our protocols, including Lendf.Me. USDT now can be used both as collateral and borrowing asset in our protocol.

We will keep assessing and integrating extensive categories of assets with more exciting features, providing our users with more options and higher yields.

Getting Started with Lendf.Me

Lendf.Me is now upgraded to support multiple assets.

When we launched our first version of Lendf.Me, it supported ETH and USDx only (USDx is a decentralized stablecoin launched by dForce Network). Now Lendf.Me also supports USDT supply and borrowings.

All assets on Lendf.Me have a shared liquidity pool to facilitate instant loan matching. Please make sure you have collateralized asset locked on Lendf.Me before proceeding to take out a loan.

Please also note supply and borrowing are exclusive choice to the same asset, which means, users can supply one type of asset as collateral and take out loan(s) of different type(s).

Optimized Interest Rate Curve

It took us months of hard-work to optimize the interest rate model and the result is quite rewarding — USDx is the stablecoin with the highest saving APR (around ~8%) across all DeFi protocols for months, whilst the borrowing rate remains as competitive as our platforms. We will keep on finetuning the interest rate model.

Our USDx interest rate curve is illustrated blow:

What’s Next?

We will soon introduce a series of monetary policies regarding dForce Token (DF Token) and our DeFi protocol and incentive programs to encourage community participation. Stay tuned!

Contact us

Always we look forward to your participation in community and are keen to hear your views and suggestions. Contact us through:

Website: https://dforce.network/

Telegram: https://t.me/dforcenet

Twitter: @dForcenet