Review on dForce by Gabriel Medina
DeFi protocol suite focused on the Chinese market
This is a platform that has a set of decentralized and permissionless finance protocols that essentially focus on the Chinese market. The ecosystem of this platform includes:
It also has its own native token called DF token that will be used for payments, transactions, governance, incentives, etc. With a relatively low price of 0.8 USD and is included in the following exchanges:
In general, dForce is a DeFi platform that we can use together with its token of use for many services and functions. This project would be the first super network or complete set of DeFi protocols and it is totally promising for its focus on the Chinese market. However, it needs more development for its ecosystem.
Pros
- It is focused on the Chinese market.
- It incorporates its own native token that is listed on five major exchanges.
- They include a stablecoin as an alternative to USDT.
- Liquidity protocol that will help allow the exchange of USDx, USDt, USDC, PAX and TUSD tokens.
Cons
- It is in full development.
