dForce proposes to extend lending support to MIM on Ethereum and Arbitrum, and would also like to gain initial liquidity support from Abracadabra community to bootstrap the lending pool of MIM.
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 . Click here to view full audit reports.
- Website: https://dforce.network/
- Dapp: https://app.dforce.network/
- Forum: https://forum.dforce.network/
- Twitter: https://twitter.com/dForcenet
- Medium: dForce – Medium
- Telegram: Telegram: Contact @dforcenet
- Discord: dForce
- Contact: @MGGYY (TG) or email@example.com (email)
This proposal aims to expand MIM’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.
Abracadabra has proved its success with impressive growth since its launch, but in order to strengthen the leading position of MIM as a decentralized stablecoin, we believe it’s crucial for MIM to unlock multiple venues for holders to earn passive yields in a meaningful way. dForce can extend lending support to MIM on Arbitrum and Ethereum, further expand the utilization of MIM on different layers.
dForce proposes to extend lending support to MIM on Ethereum and Arbitrum, and would like to gain initial liquidity support of 60m MIM (30m on Arbitrum and 30m on Ethereum) from Abracadabra community to bootstrap the lending pool, further enhancing MIM’s ability to interact with other DeFi protocols and assets. dForce is happy to support to MIM on BSC when Abracadabra is ready to deploy the token contract.
We hope to build a solid partnership with Abracadabra community to accelerate the multi-chain expansion for both projects together.
Deploy 60m MIM (30m on Arbitrum, 30m on Ethereum) as initial liquidity to bootstrap the lending pool on dForce