dForce
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dForce

dForce Network is coming to KAVA

Following Ethereum, Arbitrum, Optimism, BSC, Polygon, and Avalanche, we’re excited to announce that dForce will be deploying a full set of DeFi protocols including lending and stablecoin USX on KAVA.

dForce is evolving into a true multi-chain interoperable Web3 infrastructure, and the core development team at dForce will continue to monitor the industry for integrations to benefit our community.

We believe this will provide more choices for end-users and more integration opportunities to facilitate organic growth of the KAVA ecosystem.

The specifics of the integration are below.

Stablecoin USX

USX is the first stablecoin which is easily to be integrated with any lending protocol and vaults models, where it could support both pool-based multi-collateral as well as isolated-collateral vaults, making it extremely flexible and efficient to support collaterals of different risk profiles, i.e. major crypto as well as yield-bearing crypto and LP tokens.

USX is also the first decentralized stablecoin that features over-collateralization, highly capital efficient via PDLP (Protocol-Direct-Liquidity-Provision) and cross-chain operation (integrated with c-Bridge). With circulating supply of close to 200m and growing, it is currently deployed and bridged across Ethereum, Arbitrum, Optimism and BSC, making it the few decentralized stablecoins with cross-chain capabilities.

KAVA’s ecosystem will benefit from onboarding additional DeFi protocol and stablecoin. On top of other stablecoins deployed on KAVA such as USDX and BUSD, onboarding USX to KAVA will add another decentralized stablecoin to the KAVA ecosystem. With current USX market cap near $200mil, this additional liquidity will help to scale KAVA’s DeFi ecosystem and liquidity between other blockchains and KAVA.

dForce Lending

dForce Lending is currently the largest Lending protocol on Arbitrum in terms of TVL and it’s the very few full-suite lending protocol deployed across Ethereum, Arbiturm, BSC and Optimism.

It is a pool-based multi-sided lending protocol which supports multiple collaterals with a market-driven dynamic interest rate model.

dForce Lending is a battle-tested and comprehensive money-market and lending protocol, it has been deployed for more than a year and has undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a bug bounty launched through Immunefi. dForce Lending has successfully withstood a number of market turmoils and drawdowns and battle-tested.

dForce Bridge

With a target to bring the best of all worlds and connect users of multiple chains with cross-chain liquidity, dForce Bridge will be launched to facilitate the bridging of $DF and $USX across Ethereum, Arbitrum, Optimism, BSC, and Polygon with lower fees and faster transaction speeds.

As a start, dForce partnered with Celer’s cBridge to power cross-chain bridging of $DF and $USX. The liquidity flow will be mainly powered by protocol-controlled liquidity through PDLP, which is highly efficient with zero slippage and low fees. Moving forward, we will look for more collaboration and introduce dForce customized bridges to facilitate cross-chain bridging of more assets in a decentralized manner, serving as general public infrastructure to power the growth of DeFi.

Core development team at dForce believes that cross-chain interoperability is critical to tackling liquidation fragmentation across different blockchains. KAVA’s technology seems a step in the right direction, so we’ve made this integration. We look forward to collaborating with those from the KAVA community!

About dForce

dForce advocates for building a complete set of DeFi protocols covering assets, lending, trading, serving as DeFi infrastructure in Web 3. dForce is currently deployed on Ethereum, Arbitrum, Optimism, and BSC with a TVL of $495m (Data Source: Defi Llama).

Our core protocols include both pool-based multi-collateral and vault-based single-collateral multi-currency stablecoins (USX and EUX). Implemented with PDLP (Protocol-Direct-Liquidity-Provision) and POO (Protocol-Owned-Operator), we are able to combat liquidity shortage effectively for protocols integrated with USX and EUX.

We also have a pool-based multi-sided lending protocol which supports multiple collaterals with a market-driven dynamic interest rate model.

dForce’s smart contracts are audited by Trail of Bits, ConsenSys Diligence, Certik and Certora, with a bug bounty launched through Immunefi.

Learn more about dForce:

Website | Twitter | Medium | Forum | Telegram | Discord | Github

About KAVA

Kava (kava.io) is a secure, lightning-fast Layer-1 blockchain that combines the developer power of Ethereum with the speed and interoperability of Cosmos in a single, scalable network.

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dForce

dForce

A complete set of DeFi protocols covering assets, lending, trading, serving as layer 0 infrastructure in Web 3.