dForce DF

Rank #946

$ 0.08491000 +37.19%

dForce Price (DF)

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dForce Statistics

Market Rank	#946
Market Cap	$ 84.1M
Volume 24h	$ 307.0M
Circ. Supply	990.6M
Total Supply	999.9M
Max Supply	999.9M

What is the Current Price of dForce (DF)?

dForce (DF) is currently priced at $ 0.08491000, with a increased in the last 24 hours of +37.19%.

What Is dForce (DF)?

dForce (DF) is an extensive network aiming to establish a comprehensive suite of decentralized finance (DeFi) protocols within the Web3 ecosystem. This initiative includes creating a full spectrum of financial services, such as asset management, lending, trading, staking, and cross-chain operability. dForce's mission is to serve as an all-inclusive infrastructure for the future of open finance by leveraging its various protocols.

Who Is Behind dForce?

The dForce project is community-driven, steered by its users who participate in the dForce DAO (Decentralized Autonomous Organization). Major protocol developments and decisions within dForce are administered through collective governance, where DF token holders cast their votes to determine the outcome of proposals, ensuring a democratic process that aligns with the interests of its community.

How Does dForce Operate and What Makes It Unique?

dForce incorporates several unique protocols aimed at enhancing the user experience and providing versatility within the DeFi space. Some notable protocols include:

Stablecoin USX

USX is an essential DeFi asset in dForce’s ecosystem. It's a decentralized, algorithmic stablecoin embracing a dual-model system with a hybrid interest rate policy. This design allows USX to support collateral of varied risk profiles and integrates protocol-controlled liquidity to facilitate seamless cross-chain transactions and protocol-to-protocol interactions.

dForce Lending

This is a multi-collateral lending protocol that utilizes a dynamic interest rate model driven by market conditions. It has been rigorously tested and audited by renowned security firms and has been in operation for over a year, showcasing its reliability and security.

dForce Staking

dForce offers a staking mechanism with two options: Free Staking and Lock-up Staking. While Free Staking allows for immediate unstaking, Lock-up Staking provides higher yields and more substantial voting rights, incentivizing long-term commitment and participation in the network.

dForce Trading

dForce Trading is a peer-to-peer marketplace that aggregates liquidity from various sources to ensure users get the best possible trading price.

dForce Bridge

A bridging tool designed to allow instant, low-cost transfers of USX and DF tokens across all supported layer-2 solutions and blockchains, facilitating broader accessibility and interoperability.

How Is the dForce Network Secured?

dForce has undergone comprehensive code reviews and security audits by top-tier firms including Trail of Bits, ConsenSys Diligence, CertiK, and Certora. They have a bug bounty program managed through Immunefi, highlighting their commitment to security and the protection of their users’ funds.

What Is dForce Lending's Interest Rate Model?

dForce Lending employs a market-driven dynamic interest rate model that adjusts rates based on supply and demand dynamics of the various assets deposited as collateral. This ensures that lenders receive competitive returns on their assets, while borrowers benefit from fair interest rates reflective of current market conditions.

How Much dForce (DF) Is in Circulation?

The circulating supply of dForce (DF) tokens is 990.6M, while the total supply is capped at 999.9M. The distribution of DF tokens is designed to incentivize participation in the dForce ecosystem through mechanisms like staking and governance.

How Do dForce's Cross-Chain Capabilities Work?

The dForce Bridge provides a vital cross-chain capability, allowing users to transfer USX and DF tokens across different layer-2 solutions and blockchains seamlessly. This feature is designed to prevent slippage and supports uncapped limits, promoting flexibility and ease of use for participants in the dForce ecosystem.

Where Can You Trade dForce (DF)?

dForce (DF) can be traded on various cryptocurrency exchanges. To access the latest and most secure platforms offering DF, please refer to the list of AEX, Gate.io, Huobi, Hotbit. Always ensure you're using reputable exchanges to safeguard your investments and personal information.

How Can You Participate in dForce Staking?

Participating in dForce Staking is straightforward. DF token holders can choose between Free Staking for immediate liquidity or engage in Lock-up Staking for higher rewards and increased governance power. Rewards and token purchases from secondary markets mainly benefit those in Lock-up Staking, encouraging commitment to the long-term success of the dForce network.

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