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dForce

DF

Price
$0.0502
12/8/2022, 11:53:39 PM
diamondHands

Trade dForce on DEX

dForce can be traded on a decentralized exchange (DEX) using your Coinbase dapp wallet.

Market

Market stats

Market cap

$21.7M

Volume (24h)

$3.6M

Circulating supply

432.0M DF

All time high

$1.18

Price change (1h)

+0.1%

Price change (24h)

+2.14%

Price change (7d)

+8.53%

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dForce is on the rise this week.

The price of dForce has risen by 8.53% in the past 7 days. The price increased by 2.14% in the last 24 hours. In just the past hour, the price grew by 0.10%. The current price is $0.0502 per DF. dForce is 95.75% below the all time high of $1.18.

The current circulating supply is 432,032,331.945 DF.

About

What Is dForce (DF)?

dForce is an interoperable and integrated open finance protocol matrix providing services of asset trading and lending.The platform aims to offer users an opportunity to earn yield, integrate DeFi with ease, allow swift withdrawal, facilitate large volume trades, and utilize a permissionless lending platform.

As per the whitepaper, existing problems with the DeFi industry is difficulty in managing risks. Hence, security aims to be at the top of dForce’s priorities. The platform aims to take extensive measures to implement risk management on multiple levels by: 

  • Engaging with audit firms for security audits and formal verifications for all dForce native protocols.

  • Launching a bug bounty program to encourage security researchers, white hats, increasing the community’s participation in determining vulnerabilities in dForce protocols, and receiving bounty rewards.

  • Performing risk assessments for each asset to be supported.

  • Providing covers for dForce users to hedge smart contract risks further. Smart contracts are just like regular contracts; however, instead of being drafted on paper, these contracts run in the form of protocols on the blockchain.

DF is the dForce platform’s utility token that seeks to facilitate transaction services, community governance, system stabilizer, and incentivization. Additionally, the token seeks to allow holders to influence decisions concerning dForce protocols, including onboarding new assets and collaterals, modifications to risk parameters, fee accrual, yield alignments, etc. DF holders propose and vote to collectively decide on proposed protocol changes across the entire dForce network.With the DF token,dForce envisions to provide an all-in-one interface for users to access a comprehensive range of DeFi services such as:

  • Lend:Earn yield on cryptocurrencies by lending them in a decentralized manner.

  • Trade: Instant token swap and liquidity across different decentralized platforms.

  • Mint:Mint variety of dForce assets.

  • Earn:Rebalance tokens between different lending protocols that seek to offer yield rates and liquidity.

  • Farm:Earn DF token rewards by participating in lending activities, minting, and providing liquidity for dForce synthetic assets.

History of dForce (DF)

The team behind the project includes both crypto veterans and professionals from Goldman Sachs, Standard Chartered Bank, and Hony Capital.

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FAQ

What is the current price of dForce?

The price of 1 dForce currently costs $0.0502.

What is the market cap of dForce?

The current market cap of dForce is $21.71M. A high market cap implies that the asset is highly valued by the market.

What is the all time high of dForce?

The all-time high of dForce is $1.18. This all-time high is highest price paid for dForce since it was launched.

What is the 24 hour trading volume of dForce?

Over the last 24 hours, the trading volume of dForce is $3.65M.

What other assets are similar to dForce?

Assets that have a similar market cap to dForce include Gas, Bytom, Kava Lend, and many others. To see a full list, see our comparable market cap assets.

How many dForce are there?

The current circulating supply of dForce is 432 million.