dForce Protocol

About dForce dForce advocates to develop and promote blockchain-native DeFi and monetary protocols serving as back-bone infrastructure for DeFi and open finance applications. It is also the first stablecoin and DeFi protocol platform that received strategic investment from one of the world’s leading commercial banks. Our team include both crypto veterans and professionals from top-tier financial institutions including Goldman Sachs, Standard Chartered Bank, Citibank, Hony Capital etc. USDx has been introduced by dForce as the first and cornerstone protocol. Other protocols including money market, DEX etc are actively developed by our community members and will be integrated with USDx soon. About USDx USDx has been introduced by dForce as the first and cornerstone protocol, which is a decentralized and synthetic indexed stablecoin with interest bearing capability. USDx is pegged into a basket of constituent stablecoins (1 USDx = 0.3 USDC + 0.3 TUSD + 0.3 PAX + 0.1 DAI) at a pre-determined weighting, which can be adjusted via on-chain governance. USDx carries a number of benefits including interest-bearing capability (through [login to view URL]), simple and robust trust model, risk diversification to avoid single-point failure, multi-layer insurance mechanism, and decentralized governance. About DF DF is the platform utility token of the dForce network to be used for transaction services, community governance, system stabilizer, incentivization, validator deposit when we migrate to staking model, and etc.