dForce Launches DeFi Farming Collaboration Initiative


‘We are the Salt of the Earth.’ — — (Matthew, Bible)

As the DeFi movements continue to gain tractions and trigger a wide market rally, we see many promising financial primitives riding the tides of yield harvesting, including yearn (YFI), Curve.Fi (CRV), Yam.Finance (YAM), etc.
Our vision

As an integrated and interoperable open finance protocol matrix, dForce launched USDx, GOLDx, dToken sequentially, serving as the fundamental layer and building blocks for other functional protocols to unlock a suite of new and exciting value-offerings:

USDx, the first fiat-back stablecoin implementing systematic interest (USDx Saving Rate, aka USR). USDx is a meta-stablecoin backed by a basket of regulated stablecoins (1 USDx = 80% USDC + 10% PAX + 10% TUSD), with constituent and their weighting adjustable through on-chain governance. Anyone can use the protocol to mint or disaggregate USDx without the need of any intermediary in attribution. Users can earn interest income on their holdings by simply depositing USDx into the USR contract. Click here to learn more about USR. USDx is audited by PeckShields and SlowMist.
GOLDx, a gold token 100% backed by physical gold and is denominated in gram instead of troy ounce. Anyone can use the protocol to mint or redeem GOLDx with/to constituent gold tokens (currently with PAXG as its sole constituent reserve). GOLDx is featured by zeros fees associated with on-chain transactions, 100% compatible with all DeFi protocols and easy for integrations (please note there will be fee levied by Paxos for on-chain transactions of PAXG). GOLDx is audited by SlowMist.

dToken, the most accessible yield aggregator to farm the most attractive risk-adjusted yield across DeFi stacks. Each dToken represents a pro rata claim of the underlying token plus yields generated (i.e. depositing USDT to receive dUSDT) and is redeemable at any time. Read more about dToken here. dToken is audited by Trail of Bits.

Stableassets are preferred yield-farming assets. We hope to see more promising creative endeavors to leverage USDx, GOLDx, dToken to seed yield-farming opportunities.
Benefits of USDx, GOLDx and dToken

USDx, GOLDx, and dToken boast the following features:

· dToken is featured by the highest available and risk-adjusted yield over underlying stableassets (it mines governance token and automatically converts into underlying tokens with much higher underlying yield), as well as optimized gas consumption (compared to direct interactions with underlying lending protocol for asset supply and sale of governance token mined).

· Audited by top-ranked blockchain security companies.

· Low friction to acquire. dToken can be minted or redeemed from dForce Yield Market instantly. USDx and GOLDx can be acquired from dForce Trade or be minted/disaggregated by anyone using the protocol.
· Simple trust model with strong price peg. USDx is 100% backed by a basket of regulated fiat-stablecoins, GOLDx is 100% backed by physical gold (through PAXG as its sole constituent reserve at present), dToken is 100% backed by selected stablecoins (USDx/USDC/USDT/DAI).

· Decentralized and permission-less. Anyone can use the protocol to mint or redeem USDx, GOLDx, or dToken without the need of any intermediaries in attribution.
What do we offer?

In support of our vision, we are happy to assist DeFi projects integrating with USDx, GOLDx, dToken to bootstrap early adoption, including (but not limited to) early liquidity provisioning, various yield farming collaboration, and leverage our brand awareness for our elite eco-system partners to access local market (dForce has one of the largest DeFi communities in China). Incentive plan will be evaluated and carried out on a case-by-case basis.
How does it work?

dForce DeFi Farming Collaboration Initiative is applicable for incentivization to the following initiatives:

· Building liquidity pools for USDx, GOLDx, dToken (i.e. USDC/USDx trading pair on Uniswap)

· Integrating USDx, GOLDx, dToken to support various DeFi Yield Farming collaboration (i.e. the to-be-launched dToken pool on Curve.Fi where miners can farm CRV and DF simultaneously)

· Integrating USDx, GOLDx, dToken as a native feature to facilitate functional requirements (i.e. YAM.Finance employs yCRV to support the rebase function)
Contact us by either of the following:

· Twitter: https://twitter.com/dforcenet

· Telegram: https://t.me/dforcenet

· Email: [email protected]