2024 Review: dForce’s Journey Through the Past Year!
Dear community,
As 2024 draws to a close, it’s time to reflect on a transformative year for dForce. From pioneering innovations to strategic expansions, we’ve stayed true to our mission of building a Permissionless Liquidity Network that empowers users and fosters growth in the DeFi ecosystem. Let’s revisit the milestones that defined our journey and glimpse into the future of dForce and DeFi.
2024 in numbers
2024 was a testament to dForce’s exponential growth and impact within the DeFi ecosystem. Over the year, we achieved remarkable milestones, reflected in our impressive statistics: surpassing $12 billion in total volume, processing nearly 1 million transactions, onboarding over 38,000 users, and managing more than $158 million in total assets. These numbers underscore our commitment to innovation and our role as a trusted leader in decentralized finance.
Key Milestones of 2024
2024 was a year of monumental growth and innovation for dForce. From rebranding to launching groundbreaking features like sUSX and Unitus V2, we’ve taken significant strides in building a Permissionless Liquidity Network. Here’s a snapshot of our key milestones and achievements that defined the year:
DAO & Governance
In 2024, The governance has voted on the following dForce Improvement Proposals (DIP):
DIP061 — Proposal to Launch the dForce Grants Program (DGP)
DIP063 — Treasury Management Proposal
DIP064 — Parameter Updates for dForce Vaults
DIP065 — Adding saETH as collateral for minting USX on Arbitrum
DIP066 — Introducing Savings USX (sUSX) with omni native yield
DIP067 — Risk Parameter Updates for saETH Vault on Arbitrum
DIP068 — Proposed Parameter Update for sUSX and USX Vaults
Grant history
In the past 4 years, we have made ‘dForce’ a name that resonates in DeFi. Our work is paying off, as in 2024 we have secured a number of grants from several crypto entities. In particular:
- We have received 1,000,000 ARB tokens by the Arbitrum Foundation to run a campaign aimed at unlocking more use cases and grow USX’s total supply, while supporting various LSD assets on the lending side and onboard more users & TVL to Arbitrum.
- On top of that, dForce has been awarded 500,000 ARB tokens through the Arbitrum STIP Bridge initiative!
- dForce was also included in the second phase of Pyth Network’s Retrospective Airdrop, receiving 250,000 PYTH tokens.
- Last but not least, dForce is among the recipients of the Season 6 Cycle 29 Intent 3A Grant from the Optimism Foundation! Our ecosystem will receive 70,000 OP tokens that will be entirely used to conduct a new incentive campaign to encourage deposits of Lido’s bridged wrapped staked Ether (wstETH) on Optimism. The campaign is ongoing now!
Thank You
None of this would be possible without your unwavering support. Together, we’ve navigated challenges, celebrated achievements, and laid the groundwork for an exciting future. Your trust fuels our determination to push boundaries and innovate.
Stay tuned for more updates, campaigns, and groundbreaking initiatives as we continue shaping the future of DeFi.
Let’s keep building, together!
The dForce Team
