DForce Community October Update

DForce Community October Update covering Tinnetwork supports dForce on BSC, Ethereum, Polygon, Arbitrum Optimism, Kava & more.

In October, dForce recorded a TVL of $197.7m, with 60.2% parked on Arbitrum, 20.6% on Binance Smart Chain, 7.0% on Ethereum, 5.9% on Optimism, 2.2% on Polygon, 2.0% on Avalanche, and 2.0% on Kava.

USX

As of 31st October 2022, the total circulating supply of USX is $159m, with 70.4% of liquidity currently parked on Arbitrum, 10.7% on BSC, 6.4% on Optimism, 6.2% on Ethereum, 2.5% on Kava, 2.5% on Avalanche, and 1.3% on Polygon.

Lending

In October, dForce Lending recorded a total supply of $95.3m, with 54.1% on Binance Smart Chain, Arbitrum 15.7%, Ethereum 13.2%, Polygon 9.8%, and Optimism 7%.

Revenue

dForce recorded an Annualized Platform Revenue of $949K in October, with 35.2% generated on Binance Smart Chain, 26.7% on Polygon, 17.3% on Optimism, 14.5% on Arbitrum, and 6.4% on Ethereum.

Liquidity Mining

dForce has ongoing liquidity mining initiatives on Ethereum, Arbitrum, Polygon, Optimism, and Binance Smart Chain. Please visit dForce Forum to view the gauge (update on a weekly basis) and click here to see related tutorials.

Product Development

  • The core developer team completed debugging of dForce’s multi-chain liquidity aggregation transaction interface.
  • dForce Lending Deposits and Borrows were disabled for GOLDx, FEI, xETH Assets.

DForce Community October Update – There are also some exciting developments in progress. Namely:

  • Multi-chain liquidity aggregation transaction to support cross-chain transaction and liquidity aggregation of assets.
  • Utilizing POO to provide EUX liquidity on the protocol level.
  • dAPP multi-module optimization in a unified style with interactive optimization.

DeFi Integrations

Tinnetwork now supports dForce on BSC, Ethereum, Polygon, Arbitrum Optimism & Kava.

Marketing

dForce attended Devcon in Bogota, Colombia, between Oct 11–14. Mindao Yang, dForce’s core contributor, attended to meet and discuss the next generation of DeFi with developers and researchers.

About DForce

dForce is an integrated and interoperable platform of opening finance protocols, covering lending, assets and trading.

Website | Twitter 

SOURCE:

https://medium.com/dforcenet/dforce-ecosystem-update-october-2022-e4eca5b8d5e4

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