Summary:
This is a proposal to introduce a new pool composed of the following three tokens: iUSDT/iUSDC/iDAI.
Once established, users will earn savings interest from dForce Lending protocol, with audits performed by CertiK and Certora. Upon establishment of a pool with liquidity gauge, users will also receive CRV rewards.
Abstract:
This is a proposal to introduce a new pool composed of the following three tokens: iUSDT/iUSDC/iDAI.
Once established, users will earn savings interest from dForce Lending protocol, with audits performed by CertiK and Certora. Upon establishment of a pool with liquidity gauge, users will also receive CRV rewards. Introducing more pools on Curve will allow for increased trade depth, liquidity, and greater arbitrage opportunities between pools. Liquidity providers would be rewarded from such activity as well. Importantly, with its strong presence in China, the establishment of this pool would help broaden Curveās visibility and usage in this important geography.
About iToken:
iToken is a ERC20 token which represent a pro rata share of the pool. Each asset integrated with dForce Lending has its own iToken. When users supply funds into dForce Lending, iTokens will be automatically minted and act as a receipt to track principal and interest earned. iTokens can be minted, transferred, traded, or redeemed in a trustless manner. Thereās already over $10mil in iToken supply, and over $46mil on our Yield Marketās supply.
About dForce:
dForce Network is an interoperable open finance and monetary protocol matrix, with a full suite of protocol matrices covering asset, trading, and lending. dForce is backed by a number of globally established investors including CMBI (China Merchant Bank International), Multicoin Capital, and Huobi Capital. It is the worldās first open finance project backed by a leading commercial bank. With its strong presence in China, the establishment of this pool would help broaden Curveās visibility and usage in this important geography.
Security Audit and DeFi Insurance
Security is at the top of our priorities, and we are taking extensive measures to ensure risk management is implemented on multiple levels. dForce Lending already completed its security audit and formal verification by CertiK and Certora. In addition, we have also entered into engagements with two of the worldās top 5 audit firms for smart contract review of V2 of dForce Lending. Moreover, we are in talks with multiple DeFi insurance companies including Nexus Mutual, Cover and Soteria to provide smart contract coverage for our users.
Motivation:
Introducing more pools on Curve will allow for increased trade depth, liquidity, and greater arbitrage opportunities between pools. Liquidity providers would be rewarded from such activity as well. Importantly, with its strong presence in China, the establishment of this pool would help broaden Curveās visibility and usage in this important geography.
Specification:
Technical details if applicable
Poll:
Post a link to your proposal if itās already been created
