The press release from dForce on June 11 announced an all-new partnership with the layer-1 blockchain network KAVA. The partnership will allow dForce to deploy services like dForce lending, dForce bridge, and USX stablecoin to those from the KAVA community. This step will be significant in KAVA’s journey of becoming an indispensable web3 infrastructure in DeFi.
dForce is a one-of-a-kind web3 startup that hopes to build a comprehensive set of DeFi protocols to offer services for assets like lending, trading, bridges, and others. The dForce portfolio currently includes:-
- Pool-based multi-collateral stablecoin.
- Vault-based single-collateral stablecoin.
- Multi-sided lending protocol.
- A dForce multi-chain bridge.
And what’s more, the smart contracts deployed on dForce are audited by Trail of Bits, ConsenSys Diligence, Certik, and Certora.
The evolution of dForce into a true multi-chain protocol reaches the next level through a partnership with the KAVA network. dForce hopes this integration will bring more options to users on this layer-1 blockchain network to help with the growth of the KAVA ecosystem.
KAVA is a secure layer-1 network that combines the developer power of Ethereum with Cosmos-level interoperability to create scalable solutions in a single ecosystem. The latest additions to the KAVA network from dForce will push its dream further than where it was.
The first integration from dForce will be its USX stablecoin, the first stablecoin stablecoin to offer support to multi-collateral pools and isolated vault-based collaterals on any chain. Along with the $200 million additional liquidity, USDC also enables over-collateralization, Protocol-Direct-Liquidity-Provision, and cross-chain operation on the KAVA network.
dForce lending, the largest lending protocol on Arbitrium by TVL, will be featured in the KAVA ecosystem. It is a multi-sided lending protocol with a dynamic interest rate system that continuously recalculates the rates depending on the market conditions. The protocol is time-tested, reviewed, and audited to hold stable during market downtimes.
Integrating the bridging protocol can enhance KAVA’s interoperability with marquee chains like Ethereum, Polygon, Arbitrium, Binance Smart Chain, and Optimism. dForce has partnered with Celer’s cBridge to efficiently bridge its DF and USX tokens to other networks with low fees and no slippage.
dForce believes that the KAVA infrastructure is also built to enable cross-chain connectivity to tackle liquidity and fragmentation issues. So the integration will put dForce in the right direction to become the multi-chain protocol it has always hoped to become.
dForce has already been striding in the crypto space with $495 billion TVL and partnerships from leading networks like Ethereum, Arbitrum, Optimism, BSC, Polygon, and Avalanche. The protocol will continue its search for potential integrations and partnerships from DeFi to continue developing its community.