Review on dForce by Amos joseph
dforce
dForce overview
dForce a decentralized interoperable financial network used as an intermediate protocol to integrate multiple chain project, serves as an open finance scalable open network, due to high market liquidity in the crypto space dForce was initiated to tackle financial network service using scalable smart contract base on ethereum network.
Being an open source protocol dForce is scalable and can be used to by other chain project to integrate a scalable financial network without limiting other network use.
dForce features
DeFi features; dForce has lending protocol and liquidity protocol integrated into it's DeFi system to help users manage a better financial portfolio.
Liquidity mining; support various pool where users can connect with multiple mining pool and earn.
Asset protocol; Various stable coin like usdx and other asset like Goldx are dForce asset users can hold to control market liquidity.
dForce token which is an ERC20 token can be used on the platform to perform multiple exchange service on the platform DF token is used on the platform for making votes and decisions on the platform.
In general dForce is an investment strategy platform supporting multiple chain for users to earn from various features on the platform it's secure system is well advance with highly scalable technology used to protect users fund, and operate with other chain project.
Pros
- Interoperable financial protocol for multiple chain project to integrate their service and operate without intermediate third party
- Offers multiple service like lending, liquidity management and voting features for it's users
- Open finance project for users to increase their earning
- Team support with highly recognized partners
Cons
- Dforce non for now
