dForce Token will be participating in Binance Blockchain Week in Dubai from October 30th to 31st. This event will provide insight into the dForce ecosystem and its latest developments.
See official tweet by DF.
🚀 Exciting news: dForce is proud to @Binance Blockchain week!
The event will be held on October 30th and 31st at the Coca-Cola Arena in central Dubai! 🌍✨ Don’t miss the opportunity to visit us, learn more about the dForce ecosystem, and get our scoop. pic.twitter.com/SQ68PhZFJz
DF information
dForce is a fully integrated, open financial platform that includes several protocols that provide decentralized finance (DeFi) services. The project provides users with a wide range of financial services such as staking, yield farming, lending, and borrowing.
dForce’s flagship product is dForce Lending. dForce Lending is a decentralized lending platform. Users can earn interest by offering their cryptocurrencies as collateral and can also borrow other cryptocurrencies. The entire process is performed automatically through smart contracts, eliminating the need for direct interaction between lenders and borrowers.
By depositing assets into a pool, users receive collateral tokens that reflect their share in the pool. Borrowers can borrow funds up to a certain percentage of the value of the collateralized token. If the loan is incompletely collateralized, the borrower’s position is subject to liquidation. Interest rates on the dForce Lending platform are automatically formed according to the supply and demand of a particular asset, ensuring efficient and transparent pricing.
DF is the native token and is used to participate in the governance of the protocol and receive rewards for participating in staking.