About dForce (DF)
dForce is a set of decentralized finance protocols implementing cryptocurrency lending, trading and more to support the web 3 environment with DeFi infrastructure. dForce currently implements DeFi protocols on Ethereum (ETH), BNB Smart Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Kava (KAVA), Arbitrum and Optimism (OP).
The dForce ecosystem hosts a variety of decentralized finance protocols including USX, described by the platform as an overcollateralized stablecoin with a dual-minting model combining both pool-based and vault-based mining.
The dForce DeFi platform enables decentralized borrowing and lending through dForce Lending, which is automated by smart control protocol. Trading made possible on dForce Trade also leverages automation and aggregated liquidity across various platforms for the optimal price.
dForce reports one of its two fastest-growing ecosystems – Liqee, promoted as the world’s first and currently the largest lending protocol with liquid staking and a portal to liquid staking markets. The other is EntroFi, described as an innovative platform with an intended design to channel DeFi liquidity directly to the acquisition of risk-weighted assets (RWA), or real-world and metaverse-based infrastructures with recurring cash flows.
dForce allows its community participants to take part in leveraged Proof-of-Stake (PoS) validation services through its community model. dForce also implements an on-chain DAO community governance protocol, enabling network token holders to participate in decision-making. Decisions are rendered when proposals are presented to adjust or change the platform.
The dForce network token can be used in staking and other liquidity provision strategies in which token holders can earn crypto rewards as an incentive. This is an added use case to the DAO function associated with the dForce network cryptocurrency, also known by its token ticker, $DF. dForce token price is updated and available in real-time on Binance.
