What is dForce (DF)?

dForce is an open financial protocol with 3 integration, interoperability and extensibility features.

DForce’s vision is to build core protocols within each pillar group and ultimately create an interconnected protocol matrix that can interact at the asset and liquidity level, as well as interact and integrate with all three main protocol types. The project aims to build several core protocols to improve liquidity and intranet effects while remaining in a fully functional state for interoperability and integration with other protocols.

To implement the vision on dForce, the dForce Protocol Matrix structure offers:

The dForce protocol matrix is ​​designed to maximize the potential of a source of liquidity. The dForce protocol matrix includes 3 protocols: Asset Protocol, Lending Protocol, Liquidity Protocol.

What problem was dForce born for?

DeFi protocols have seen strong momentum over the past year in terms of both protocol supply and growth in locked down value, however not many are designed to accumulate value over the long term. For example, some DeFi protocols can operate in a tight vertical Uniswap only acts as an AMM or exchanges stablecoins such as Curve.Fi.

The essence of Defi is liquidity. If the liquidity can move in 3 interlocking protocols, the liquidity is optimized for its potential. If liquidity is only used vertically, there is a risk of liquidity leakage.

How does dForce solve the above problems?

DForce’s log matrix minimizes liquidity leaks and provides gravity to maintain liquidity within the log.

In the future of Open Finance or DeFi, there will be several large clusters of protocol matrices nested by token protocols and several protocol superclusters that form a complete main open system and govern most of the world.

Ultimately, it will form a financial infrastructure that enables the information-like flow of value and aggregated liquidity and capital on a global scale, that is Real Finance. newly created and regenerated new money and brand new self-developed and self-sustaining financial infrastructure.

How does dForce work?

Asset log

The function of the asset protocol is to tokenize on-chain and off-chain assets. For example, DAI is an asset log in the MakerDao system, people can also deposit ETH into the log and other assets into the system for collateral and mint DAI. There are also yield tokens such as cDAI or dDAI. Both tokens represent an interest-bearing instrument in a for-profit pool where users can exchange the original token for a loan at a certain interest rate.

Currently, dForce’s asset protocol includes the stablecoin protocol – USDx protocol (dForce’s first protocol for issuing stable synthetic assets) and the yield token protocol – dToken (an interest-bearing token with constituent stable assets).

Loan log

The hybrid model includes the dForce Lending Protocol and the Hybrid Lending Facility Platform, which create separate credit pools that cater to users with different needs and risks, including stablecoin credit pools, commodities, collateral, stocks of liquidity providers, etc.

The hybrid model enables dForce’s loan protocols to serve the largest possible market while maintaining a high level of flexibility in terms of financing costs for borrowers using the dForce loan protocol.

The dForce credit model

Hybrid Credit Facility (dForce) credit model

Liquidity log

The project will develop dForce Swap, Dex, Trade Protocols and Derivatives Protocols.

The dForce Trade project has currently developed and will continue to bring further products onto the market in the future.

Basic information about the DF token

• Name: dForce token.
• Ticker: DF.
• Contract: 0x431ad2ff6a9c365805ebad47ee021148d6f7dbe0.
• Decimal places: 18.
• Blockchain: Ethereum.
• Token standard: ERC-20.
• Token type: Governance token, utility token.
• Total supply: 999,950,547 DF.
• Circulation supply: 213.583.047 DF.

Token assignment

• 20% will be allocated to investors, consultants and early investors in the project
• 20% will be allocated to the project development team
• 25% is allocated to the gravity pool
• 10% is provided for the development of the ecosystem
• 25% is used to keep the company running

Token release schedule

What is DF token used for?

• DF is dForce’s governance token.
• DF tokens are used to pay transaction fees in the dForce ecosystem.
• DF tokens are used to maintain the stability of the system.
• DF token is used as a reward for users when they participate in liquidity mining.

DF token storage wallet

The DF token is an ERC20 token, so you have many wallet options to store this token. You can choose from the following wallets:

• Floor purse
• Popular ETH wallets: Metamask, Myetherwallet, Mycrypto, Coin98 Wallet
• Cold wallets: Ledger, Trezor

How to earn and own DF tokens

• Buy directly on the floor.
• Take part in staking for rewards.

Where can I buy and sell DF tokens?

DF token is traded on many different exchanges with a total daily trading volume of approximately $ 6.5 million. The exchanges listing this token include: Uniswap, Binance, Huobi Global, MXC, BKEX, Hotbit, Gate.io …

What is the future of the dForce project, should I invest in DF tokens?

dForce This is a pretty cool project that aims to limit the liquidity leakage disadvantages of vertically operated defi protocols like Uniswap or Curve Finance by offering a matrix model to take full advantage of liquidity in defi. In the future, dForce will launch more Defi products to complete the ecosystem as well as the original vision of the project. Through this article, you must have some understanding of the basic information about the project in order to make your own investment decisions. CoinCu is not responsible for your investment decisions. I wish you every success and a lot of profit from this potential market.