Kizzer415
commented
2 years ago 1. Project Introduction
dForce Lending 1 is a global-pool based lending protocol with built-in multicurrency stablecoins (USX and EUX). Users can mint USX and EUX against a variety of yield-carrying collaterals (BTC, ETH, BNB, USDC, etc) which effectively reduce the cost of capital (minting fee) for users. dForce Lending 1 was audited by 4 top audit firms including Trail of Bits, ConsenSys Diligence, CertiK and Certora, click here 1 to view full reports.
dForce is currently deployed on Ethereum, Arbitrum and BSC with a TVL of over $300m. We are now the #2 lending protocol on BSC in terms of borrowing volume, and #1 lending protocol on Arbitrum in terms of TVL.
2. Proposal Summary, Motivation, and Key Details
dForce is proposing a joint liquidity mining program with Kyber on BSC and Ethereum to further improve dForce-backed assets, including:
- USX-BUSD
- USX-DF
- USX-EUX
USX is an overcollateralized stablecoin launched by dForce, featuring by yield-carrying collaterals which greatly improve capital efficiency for users. All supported assets on dForce Lending 1 and Liqee Lending can be used as collateral to mint USX. It is widely adopted across dForce system and supported by our eco-partners including Liqee, MCDEX, DODO, etc, with a total supply of approximately 20m USX.
With this proposal, we plan to migrate most liquidity currently parked on other DEXes to KyberDMM, so that LPs can earn KNC rewards on top of trading fee and DF liquidity mining rewards.
3. KNC Amount Requested
5,700 KNC on BSC per week and 35,300 KNC on Ethereum per week
4. Project Contribution Amount
24K DF on BSC per week and 150K DF on Ethereum per week
5. Network
Binance Smart Chain (BSC) and Ethereum
6. Token pair option
Others
7. Vesting Schedule
No vesting
8. Campaign Duration
3 months
9. Project Details
- Contact: myao@dforce.network
- Website: https://dforce.network/
- APP: https://app.dforce.network/
- Twitter: https://twitter.com/dForcenet
- Telegram: https://t.me/dforcenet
- Medium: https://medium.com/dforcenet
- Logo: https://github.com/dforce-network/documents/tree/master/logos/Lending
- Token Contract Address: https://hackmd.io/@dForce/ByNusdLHY
1. Project Introduction
dForce Lending 1 is a global-pool based lending protocol with built-in multicurrency stablecoins (USX and EUX). Users can mint USX and EUX against a variety of yield-carrying collaterals (BTC, ETH, BNB, USDC, etc) which effectively reduce the cost of capital (minting fee) for users. dForce Lending 1 was audited by 4 top audit firms including Trail of Bits, ConsenSys Diligence, CertiK and Certora, click here 1 to view full reports.
dForce is currently deployed on Ethereum, Arbitrum and BSC with a TVL of over $300m. We are now the #2 lending protocol on BSC in terms of borrowing volume, and #1 lending protocol on Arbitrum in terms of TVL.
2. Proposal Summary, Motivation, and Key Details
dForce is proposing a joint liquidity mining program with Kyber on BSC and Ethereum to further improve dForce-backed assets, including:
USX is an overcollateralized stablecoin launched by dForce, featuring by yield-carrying collaterals which greatly improve capital efficiency for users. All supported assets on dForce Lending 1 and Liqee Lending can be used as collateral to mint USX. It is widely adopted across dForce system and supported by our eco-partners including Liqee, MCDEX, DODO, etc, with a total supply of approximately 20m USX.
With this proposal, we plan to migrate most liquidity currently parked on other DEXes to KyberDMM, so that LPs can earn KNC rewards on top of trading fee and DF liquidity mining rewards.
3. KNC Amount Requested
5,700 KNC on BSC per week and 35,300 KNC on Ethereum per week
4. Project Contribution Amount
24K DF on BSC per week and 150K DF on Ethereum per week
5. Network
Binance Smart Chain (BSC) and Ethereum
6. Token pair option
Others
7. Vesting Schedule
No vesting
8. Campaign Duration
3 months
9. Project Details