dForce

Halal Rating :
Uncomfortable
Last Price $0.079 Last updated:
Rank 430
1D Change 0.79 %
Market Cap $79.41m
Circulating supply 999,926,147
Maximum supply None

Crypto Overview

Categories
  • DeFi
  • Ethereum Ecosystem
  • Polygon Ecosystem
  • Arbitrum Ecosystem
  • Optimism Ecosystem

Overview

dForce is a DeFi (Decentralized Finance) protocol that aims to create an integrated ecosystem of financial protocols. The DF token serves as the governance token for the dForce network, allowing holders to participate in protocol decisions and receive rewards.

Purpose and Utility

The primary stated purpose of DF is to serve as a governance token for the dForce ecosystem, which includes lending, staking, and yield farming protocols. Token holders can vote on protocol parameters and receive rewards from protocol fees.

Business Model Analysis

The core business model revolves around decentralized lending and borrowing services, yield generation through various DeFi strategies, and protocol governance. The platform generates revenue through protocol fees from these services.

Real-World Adoption

dForce has achieved notable adoption within the DeFi space, particularly in Asia. The protocol has maintained consistent development activity and community engagement.

Development Activity

The project maintains active development with regular updates to its protocol and ecosystem components. The GitHub repository shows consistent commits and technical improvements.

Token Distribution

The token distribution includes allocations for the team, ecosystem growth, and community rewards. Vesting schedules are in place for team and advisor allocations to prevent immediate selling pressure.

Rating Justification

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