Dear community, welcome to the July 2024 dForce ecosystem report!
What a month for the dForce ecosystem! The main highlight? Obviously the ongoing “Arbitrum Summer Vibes” campaign, but if you missed any of our other developments, keep reading for a quick overview!
💥 Highlights
- The “Arbitrum Summer Vibes” campaign is now live and will be running until September! As you already know, the campaign aims to boost the adoption of USX, sUSX, Unitus Lending and BLP, and LSD vaults on the Arbitrum network. With incentives already flowing since June 27th, the initiative is already ongoing, with a weekly recap of the distribution of $ARB being shared on our social media as well as on our forum.
- A new LP pool for USDC-sUSX is now open on Curve Finance and is being rewarded in $ARB! Visit https://curve.fi/#/arbitrum/pools/factory-stable-ng-77/deposit and make the most of your stablecoins!
- sUSX keeps printing a 15% APY for those who mint it starting from USX! ICYMI: sUSX is the only stablecoin offering the possibility for users to mint it and start earning native yield on ANY supported chain. The yield is synchronized across all chains, giving users complete flexibility to choose where to adopt sUSX! Click here to learn more. In the infographic below, the connections of USX and sUSX across dForce’s network!
📊 Performance
In June, USX had a circulating supply of over $133.67 M distributed as follows:
- 74.9% (100.1 m USX) used as Liquidity for the bridge.
- 6.9% (9.23 m USX) on Celer to power the cross-chain bridging of USX.
- 1.8% (2.42 m USX) are powering USX-related trades on DEXes.
- 4% (5.31 m USX) deposited on Lending.
- 12.4% (15.64 m USX) are currently held by other market participants.
Liquidity by Networks
- 88.2% on Arbitrum
- 0.6% on BSC
- 8.5% on Optimism
- 1.3% on Ethereum
- 1.4% on Polygon
USX and sUSX
With the launch of savings $USX ($sUSX), we’ve introduced a new dashboard to track its yield, performance, and adoption. Check it out at https://app.usx.finance/#/Dashboard. Here are some of the highlights of the first days since the launch of sUSX:
Swap (LSR)
By August 7th 2024, dForce Swap recorded an accumulated volume of $274,439 M for swaps between $USX and $USDC, $USDT, $DAI across all supported blockchains.
💥 Marketing and Events
🇯🇵 dForce attended the EDCON conference in Tokyo, Japan!
Some of the members of our dev team are attending the event and can confirm that the innovation around DeFi and RWA is unstoppable. dForce is proud to be at the forefront of these movement with its Permissionless Liquidity Network, bringing our cutting-edge solutions to the vibrant DeFi ecosystem on several chains!
And that was all for this month! Join our community to catch up on the latest of dForce and participate in related discussions!
