dForce
Lending
dForce is a suite of DeFi products covering trading, lending, staking across multiple chains
Risk Rating
Watch Out
Protocol Code Quality
Protocol Maturity
Protocol Design
What is dForce?
Ready to earn 15% yield or more with Exponential?
InvestInformation
Exploit/Hacks
One
- Documentation
- Auditors
- Please see our FAQ on experienced auditors
Info
- Website
- Token: DF
- Tags: Lending
Key Metrics
- TVL: $1.5M (Rank #241)
- TVL Ranking by Lending: #46
- Blockchain: Ethereum, Optimism, Binance, Arbitrum, Polygon, Kava, Avalanche, Conflux
- Chain TVL
- Ethereum: $949.21K
- Optimism: $524.86K
- Binance: $51.96K
- Arbitrum: $37.14
- Polygon: $0
- Others: $0
Risk Assessment
Watch Out
Protocol Code Quality
- Code reviewed by several experienced auditorsincluding CertiK, ConsenSys and Trail of Bits
- Public team promotes accountability
- One mitigated protocol hack since launch
Protocol Maturity
- Core protocol launched in 2021; maturity over one year minimizes technical risk as smart contracts are well battle-tested
- Top 20% by total value locked slightly reduces risk
- Multisig wallet controls protocol upgrades
- Multisig consists of less than 4 signers, which makes the protocol more susceptible to centralization risks
- No timelock exists or no information documented, which mean a malicious actor could approve upgrades without any delay
- Several critical governance issues documented
- Highly concentrated voting power increases risk
Protocol Design
- No death spiral concerns
- Robust controls to mitigate oracle price manipulation
- Cross-collateral markets are exposed to systemic risks as each asset creates incremental risks for the platform as a whole
- Solid controls in place to prevent risky borrowing
- Solid mechanisms in place to ensure healthy liquidations
- Solid methods to accrue protocol reserves
Things to know about dForce