1/ dForce’s revenue from USX perpetual trading already outpaced those from lending & stablecoin.
Dropped a medium and here would thread through the powerful combo of USX + perpetual trading, the 1st decentralized stableocin tapping into the market. medium.com/dforcenet/how-…
2/ For starters, those not familiar with dForce, USX is the first pool-based, decentralized, over-collateralized USD stablecoin built on top of dForce’s lending pool and other designated pools (permissioned pools, liquid staking assets, real-world-assets etc).
3/ Unlike Maker, which is CDP or single-vault-based, USX is a pool-based, USX has several improvements over Maker’s model: 1) high cap efficiency (collaterals are yield-carrying); 2) multi-collateral & cross-margin; 3) fully compatible to CDP model (spring up CDP-like vaults).