Provide 30m Frax to bootstrap lending liquidity and deploy AMO to dForce.
dForce advocates for building a full set of DeFi protocols covering assets, lending, and trading. dForce Lending is currently #1 lending protocol on Arbitrum in terms of TVL and #3 lending protocol on BSC in terms of borrowing volume.
dForce Lending has undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a Bug Bounty Program launched through Immunefi .
This proposal aims to expand Frax’s multi-chain liquidity and community through a partnership with dForce. We believe this integration demonstrates strong synergies between the two communities.
dForce is currently deployed on Ethereum, Arbitrum, Optimism, and BSC . As a blockchain agnostic protocol aiming to provide underlying infrastructure powering the development of DeFi, dForce pertains to the ability to interact with differing protocols in various environment, giving users the freedom of choice to change between blockchains.
Frax has proved its success with impressive growth since its launch, but in order to fulfil its vision as a decentralized currency, we believe it’s crucial for Frax to build influence far and wide in the lending market, one of the largest vehicles inside the DeFi space. dForce can extend lending support to Frax on Arbitrum and Ethereum, further expand the utilization of Frax on different layers.
It is proposed to provide 30m Frax to dForce (15m on Arbitrum and 15m on Ethereum) to bootstrap initial lending liquidity, further enhancing Frax’s ability to interact with other DeFi applications and assets in a meaningful way (i.e., supply BTC or UNI or to borrow Frax).
It is also proposed to deploy AMO to dForce Lending, unlocking an alternative venue for Frax AMO to earn passive yields on Frax and USDC reserves.
We hope to build a solid partnership with Frax community to accelerate the multi-chain expansion for both in a meaning way.
- Deploy 30m Frax to dForce Lending (15m on Arbitrum, 15m on Ethereum)
- Deploy AMO to dForce Lending