dForce

dForce is a developer of a decentralized integrated and interoperable platform for open finance protocols. The company specializes in developing financial protocols supported by blockchain technology for providing services for banks and enterprises. As well as developing the protocols, dForce also advocates for DeFi protocol matrices to cover lending, such as a global liquidity pool; assets, such as multicurrency stablecoins, synthetic assets, USDx, or GOLDx; and trading, such as aggregators and AMM. dForce is a multichain network, deployed on Ethereum, Arbitrum, and BSC.

dForce is building a decentralized finance platform offering an integrated an interoperable finance protocol matrix. The platform is intended to be permissionless and open, allowing any interested users to participate; non-custodial, to allow for minimal trust costs and allowing users to maintain ownership over their assets; open-sourced, so any user can integrated with dForce to build their product on top of the company's protocols; and decentralized, to allow the dForce token to empower the governance voting process.

dForce lending is a pool-based multisided lending protocol where a deposit is able to be used as collateral to mint stablecoins and synthetic assets against yield-on collaterals in order to achieve better capital efficiency. These are subject to governance decision. dForce lending, on a fundamental level, is a money market protocol that offers users accessibility and liquidity through matching supply and borrowing of any ERC20 or BEP20 compatible assets.

This allows users to deposit cryptocurrency assets to earn interest or to borrow supported assets against supplied collaterals. All of these loans work through automatically-executed smart contracts to remove the need for third-parties and the associated costs.

dForce Trade is a DEX aggregator that utilizes algorithms in order to find the best trading price and aggregate liquidity across platforms in order to optimize trading. dForce Trade has been integrated with decentralized exchanges on Ethereum, including Uniswap, Curve, Sushiswap, Balancer, Kyber, Oasis, S.Finance, and Unisave.

dForce Trade offers decentralization to allow users to exchange token ownership in a trustless, transparent, and easy manner. It works to give users the best price and liquidity by splitting trades across exchanges or though multi-routing to minimize slippage and liquidity issues. And the platform is intended to offer gas optimization, through an integrated GasToken (GST) to effectively smooth out the price of gas.

Through dForce, users are able to mint synthetic assets, including dToken, iToken, USDx, GOLDx through the decentralized, permission-less platform which dForce suggests is censorship-resistant.

Users can earn through supplying tokens to dForce Yield Markets to help the company farm yields across different decentralized finance stacks. This allows users to earn interest on their assets, which, upon depositing, will automatically mint dToken, which will be a smaller amount as it represents a pro rata share of an entire asset pool, or principal plus interest earned. And, the amount of dToken received will remain unchanged, but the token's value will increase over time.

As part of earning, dForce offers users a chance to liquidity mine, where they are rewarded with dTokens for their participation in the network. This offers users an incentivization plan over a time horizon that works to promote long-term retention and community engagement.

The synthetic assets used in dForce's platform offer a decentralized translation of real-world assets. This allows users to participate in exchanges from various countries, such as buying a US stock from a non-US country, to create unlimited, uncensored, and instant access for retail investors to participate in global markets. These assets are blockchain-based cryptocurrency derivatives that mimic the underlying value of the assets. Therefore, traders do not need to have the real asset in their possession, but they are still exposed to its price movements.

dToken is a yield token with a simple interface to help users earn risk-adjusted yields across the company's platform. The governance token, when farmed, can be converted into stablecoin and added to underlying yields. dToken supports USDx, USDC, USDT, and DAI on Ethereum, with collected funds rebalanced between dForce Lending, Compound, and Aave to optimize the yield. On the Binance Smart Chain, dToken supports BUSD, USDC, USDT, and DAI, with collected funds rebalanced between dForce Lending and CREAM.

Assets supported on dForce Lending and Synthetic Asset Protocol has its own iToken. This token is intended to represent a pro rata share of the pool, with the amount of iToken staying constant but with the value of each token growing over time, with interest accounted for every block. The token is an ERC20 and BEP20 token. When supplying funds to dForce's Lending or Synthetic Assets protocols, they receive iToken automatically to help keep track of a user's principal and interest earned on that principal.