We are thrilled to announce dForce’s dual liquidity mining initiative (DF + DODO) with DODO on Arbitrum, starting from 12:00pm UTC+8, 29 September, 2021.
dForce has achieved a robust growth with a total supply of $100m on Arbiturm in just one week after the launch of DF liquidity mining on 13 September (click here to check out the most up-to-date gauge). We are now the #1 lending protocol and #3 DeFi protocol in terms of TVL on Arbiturm — all credits go to dForcians and our community partners!
With a target to boost liquidity across Arbitrum ecosystem, we would like to extend the dForce liquidity mining initiative to incentivize liquidity provision for dForce-backed assets, with DODO becoming the first trading venue. 3 pools will be set up on DODO through this initiative with dual rewards:
- DF/USX pool
- USX/USDC pool
- USX/EUX pool
dForce & DODO Dual Liquidity Mining:
A total of 33,000 DF tokens and 2,166 DODO tokens will be distributed daily to users providing liquidity for dForce assets on DODO:
Please be noted that we will assess and adjust the gauge regularly to achieve the optimized outcome of the incentive program, with the first epoch kicking start from 12:00pm, UTC+8, 29 September through 12:00pm, UTC+8, 26 October, 2021 (4 weeks).
About DODO
DODO is a decentralized exchange platform powered by the Proactive Market Maker (PMM) algorithm, which leverages price oracles, and efficiently allocates funds near the market price. DODO features highly capital-efficient liquidity pools that support single-token provision, reduce impermanent loss, and minimize slippage for traders.
About dForce
dForce advocates for building an integrated and interoperable DeFi protocol matrix, covering lending (global liquidity pool, yield markets), assets (multi-currency stablecoins, synthetic assets, etc), and trading (aggregator).
dForce is the first Strategic Investment Project in DeFi by a world’s leading commercial bank, and is backed by investors including CMBI (China Merchants Bank International), Multicoin Capital and Huobi Capital. Our team includes both crypto veterans and professionals from Goldman Sachs, Standard Chartered, CitiBank, Hony Capital, etc.
dForce is currently deployed on Ethereum, Binance Smart Chain (#2 lending protocol in terms of borrowing volume), Arbitrum (#1 lending protocol).
