Mentioned in our previous post — Introduction of dForce’s Multicurrency Asset and Lending Protocol was a Multicurrency Stable Debt protocol built on top of dForce Lending, our upcoming upgrade (expected launch in mid-May) will expand our synthetic protocol beyond over-collateralized stablecoins to other type of assets. This is the first…

After 6 months of hard work and development, the launch of dForce’s Multicurrency Asset and Lending Protocol is just around the corner. This is a novel lending protocol with built-in over-collateralized multicurrency stable debt protocol, which could extend to fund the fractional reserve of an algorithmic stablecoin. In layman’s terms…

2020 has been a year like no other in our lifetime, in all areas we can possibly imagine - personal, social, and crypto. Last new year eve, dForce was just several months away from closing our first strategic financing from CMBI and launching our second protocol. We started 1Q 2020…

I am glad that we finally completed our security audit (by Trail of Bits) , tests and beta runs and ready to launch our Yield Markets — the dToken protocol. …

In an update earlier this week, I reported that nearly all of the stolen funds have been successfully recaptured thanks to the efforts of our partners, law enforcement, investors, the community, and our team. In Part I of this post, we outlined a step-by-step guide for our users to recover…

It’s with great relief that I report that nearly all of the stolen funds have been recaptured through the efforts collaboratively made by our partners, law enforcement, investors, the community, and our team members. …

UPDATE: We have been working non-stop over the past 24 hours. I will detail all of the actions we have taken in a future post. However, at this time, the situation is still evolving quickly and I need to focus on pressing matters that could change the outcome of this ordeal. I will have much more to share, and will provide another update 24 hours from now, at approximately 11:59PM (UTC+8) on Tuesday, April 21, 2020. Thank you for your continued support. I cannot thank you enough. It means everything to me.

On 19 April 2020, Lendf.Me, the lending protocol in the dForce network, was attacked and approximately $25 million in assets were drained from the contract. We learned of the attack at 9:15 am (UTC+8) through our internal monitoring system. Immediately following, we temporarily paused Lendf.Me and USDx and pulled down…

We are excited to announce our latest strategic round led by Multicoin Capital with participation from CMB International and Huobi Capital. We are very grateful, at time of unprecedented turmoil and turbulence, to continue to harvest supports from the world’s best investors. I started my financial career prior to the…