What is dForce?
dForce advocates for building an integrated and interoperable DeFi protocol matrix, covering lending (global liquidity pool and yield markets), assets (multi-currency overcollateralized stablecoins, synthetic assets, etc), and trading (aggregator).
dForce’s core protocol - dForce Lending & Synthetic Asset Protocol has been deployed on Arbitrum mainnet as one of early adopters of this vibrant ecosystem while dForce users would benefit from the faster transaction speeds and lower gas fees.
How to use dForce Lending & Synthetic Asset Protocol on Arbitrum?
Initially, dForce Lending & Synthetic Asset Protocol on Arbitrum supports five assets: USDC, ETH, WBTC, as well as dForce’s native overcollateralized stablecoin - USX and EUX, with which you can lend to earn, borrow at attractive rate, and mint stablecoin. More assets and features such as synthetic stock mintage and liquidity mining are coming soon!
- Lend to earn: How to supply assets
- Borrow: How to borrow assets
- Repay your loan: How to repay your loan
- Mint overcollateralized stablecoin: How to mint synthetic assets
- Burn stablecoin: How to burn synthetic assets
- Liquidation: How to participate in liquidation
Please noted that as dForce Lending & Synthetic Asset Protocol on Arbitrum is still in early run, please do not deposit large-amount asset in case of any potential security issue.
We welcome you to join dForce communities!