The idea of meta-stablecoin appealed to us so we decided to launch Lendf.Me (https://www.lendf.me/), a decentralized lending platform to support dForce and USDx. Lendf.Me utilizes smart contracts and over-collateralized loans to provide easy borrowing and yield generating for end users.

What is Lendf.Me?

When you supply USDx to Lendf.Me, it gets deposited into a lending pool, where borrowers can then borrow USDx directly from the pool. This liquidity pool model allows borrowers and lenders on Lendf.Me to deposit and withdraw USDx at any time (subject to available amount of USDx in the pool).

In short, you can use Lendf.Me for the following purposes:

· Lend USDx to earn yields: supply USDx to the lending pool and earn yields on your holdings (provide liquidity to the pool).

· Borrow USDx against ETH collateral: you can also borrow USDx to invest, use, or for margin trade (provide yielding to loan providers).

What Can I Do with Lendf.Me?

Supply USDx to:

· Earn yields on your holdings. Please note interest rate are algorithmically adjusted based on the supply and demand of USDx.

· Generate better yield with your idle fiat dollar, by converting your fiat into USDx and deposit into Lendf.Me.

Borrow USDx to:

· Access working capital without selling ETH when the price is low.

· Maximize your investment returns by margin trading.

Benefits of Lendf.Me?

Simple use: High efficiency without the complexity of centralized system

Instant withdrawal liquidity: Liquidity is not guaranteed (subject to the amount of USDx in the pool) but mostly available (the liquidity is incentivized by automatically adjusted interest rate)

Competitive interest rate: Global pool to provide better lending/borrowing interests compared to centralized platforms. Algorithmically derived interest rates based on the supply and demand of USDx

Overcollateralized reserves: Ensure timely repayment of loans and provide security to funds of investors

Non-Custodial: Non-custodial money market mitigating the need to trust the service provider. We don’t touch your money!

Permission-less and censorship resistance: Anyone can participate with the same level of access in high-quality financial investments, independent from your location, status, wealth, appearance without validation of a central party

Fees

· No fees will be charged for supplying USDx to Lendf.Me.

· 0.05% service fee will be charged for each USDx loan origination.

· Liquidation will be triggered when the value of your collateral declines under 125% — part of your collateral will be auctioned to repay your loan and 10% penalty of the value of liquidated assets will be charged. So, we strongly recommend you to exercise caution and carefully monitor your debit position to avoid liquidation, by repaying the loans in advance or increasing the supply of your collaterals.

Check out more about Lendf.Me through:

Website: https://www.lendf.me/

Twitter: https://twitter.com/LendfMe

About dForce

dForce advocates to develop and promote blockchain-native DeFi and monetary protocols serving as back-bone infrastructure for DeFi and open finance applications. It is also the first stablecoin and DeFi protocol platform that received strategic investment from one of the world’s leading commercial banks. Core team includes both crypto veterans and professionals from top-tier financial institutions including Goldman Sachs, Standard Chartered Bank, Citibank, Hony Capital etc.

About USDx

USDx has been launched by dForce as the first and cornerstone protocol, which is a decentralized and synthetic indexed stablecoin with interest-bearing capability. USDx is pegged into a basket of constituent stablecoins (1 USDx = 0.3 USDC + 0.3 TUSD + 0.3 PAX + 0.1 DAI) at a pre-determined weighting, which can be adjusted via on-chain governance. USDx carries a number of benefits including interest-bearing capability, simple and robust trust model, risk diversification to avoid single-point failure, multi-layer insurance mechanism, and decentralized governance.

About DF

DF is the platform utility token of the dForce network to be used for transaction services, community governance, system stabilizer, incentivization, validator deposit during the staking stage, and etc.

Check out more about dForce:

Website: https://dforce.network/

Blog: https://medium.com/dforcenet

Twitter: https://twitter.com/dForcenet

Telegram: https://t.me/dforcenet