Summary
As a blockchain-agnostic DeFi platform, we are continuously looking for opportunities to implement multi-chain/layer 2 scaling solutions with the goal to accommodate more mainstream adoption. Following Yield Markets, dForce Trade, USDx, and GOLDx, we are seeking support from dForce community to deploy dForce Lending on Binance Smart Chain (BSC) and its first batch asset listing.
We performed risk assessments in accordance with dForce Risk Management Policies for Non-Ethereum Assets for a number of cryptoassets favored by dForce community, and hereby propose to list BTCB, ETH, BNB, ADA, DOT, ATOM, FIL, UNI, DF, GOLDX, BUSD, USDC, USDT, and DAI as the first batch of assets to be supported by dForce Lending on BSC.
Background
In light of different design choice and trade-off made by Binance Smart Chain, including most of the assets issued are at Binance’s custody, our protocol deployed on BSC are independent of protocols run on Ethereum and we need to adopt a different Risks Policy catering to different non-Ethereum chain deployment.
Click here to read dForce Risk Management Policies for Non-Ethereum Assets.
Proposal
We propose to expand dForce Lending to Binance Smart Chain as an alternative solution to tackle Ethereum scalability issues. After an initial risk assessment, we also propose to list BTCB, ETH, BNB, ADA, DOT, ATOM, FIL, UNI, DF, GOLDX, BUSD, USDC, USDT, and DAI as the first batch of assets to be supported.
Click here to see introduction of proposed assets with risk parameters.
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