Project Name: dForce
Author Name: Margaret
Number of OP tokens to claim: 300 , 000 OP
L 2 Recipient Address: 0 x 69 C 1 a 51711 B 061 E 5935 c 648 beb 16 e 349898 B 17 dF
Defillama TVL (at snapshot): $ 5 . 4 m
Optimism alignment (up to 200 word explanation):
dForce is highly aligned with Optimism with a comprehensive set of DeFi protocols covering stablecoin, lending, trading. dForce is currently deployed on Ethereum, Optimism, Arbitrum, BSC with a TVL of over $ 255 m. It is currently # 1 lending protocols on Arbitrum and # 4 lending protocols on BSC by TVL.
USX is an over-collateralized stablecoin implementing both Pool model and Vault model. USX can be minted through Vault (single collateral & risk-isolated), or via borrowing from supported lending protocols (pool-based & multi-collateral & market-driven rates) directly. Powered by liquidity modules, USX can effectively combat liquidity shortage by adding or removing liquidity from supported lending protocols in response to market demands, and generate profits from multiple sources for DF holders.
USX and dForce lending protocols have undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a bug bounty launched through Immunefi. We have withstood a number of market downturn and are battle-tested with more than three years of operation on-chain.
dForce is thrilled to join the Optimism ecosystem and service its users with secure and reliable DeFi products.
Proposal for token distribution (under 1000 words):
Distribute OP tokens to incentivize users, developers, partners who can help grow dForce on Optimism.
How will the OP tokens be distributed?
Distribution of OP will be decided by DF holders through governance, with the following distribution schedule proposed:
50 % for users who use dForce protocols on Optimism through liquidity mining
30 % for developers who build on dForce protocols
20 % for marketing campaigns (Optimism focused events)
How will this distribution incentivize usage and liquidity on Optimism?
dForce is currently deployed on Ethereum, Optimism, Arbitrum, BSC, with a couple of others underway. We have reached a TVL of $ 255 m, according to DeFiLlama.
Most of the OP tokens will be used to educate market participants on how to use dForce on Optimism and ultimately returned to dForce users on Optimism through liquidity mining.
Why will the incentivized users and liquidity remain after incentives dry up?
20 % of the OP tokens will be allocated to marketing campaigns which help users get to know Optimism, and 50 % of the OP tokens will be returned to users who actually contribute TVL to the Optimism ecosystem. Once they migrate to Optimism and are accustomed to the ecosystem, there is a good chance for them to become regular users and reside on Optimism.
We also plan to use the remaining OP tokens to reward developers who innovate and build on dForce protocols to explore more interesting use cases which is beneficial to Optimism in the long run.
Over what period of time will the tokens be distributed?
We anticipate that these incentives will be distributed over a 6 - 24 months’ time frame.
How much will your project match in co-incentives?
dForce DAO already has DF token allocation to facilitate the expansion on L 2 , which will be utilized to reward participants on Optimism.
The post outlines a project named dForce and its alignment with Optimism. It details the DeFi protocols offered by dForce, including the over-collateralized stablecoin USX and lending protocols. The post proposes a token distribution plan, with incentives for users, developers, and marketing activities on Optimism. The distribution will be determined by DF holders through governance, with percentages allocated to different categories such as users, developers, and marketing campaigns. The aim is to incentivize usage and liquidity on Optimism, with plans to educate users and ultimately retain their presence post-incentives. Distribution is planned over a 6-24 months period, with co-incentives provided by the dForce DAO using DF tokens.
Hey @MGGYY, thanks for submitting this proposal. I’ve added [DRAFT] to the title above.
To get this…
Hey @MGGYY, thanks for submitting this proposal. I’ve added [DRAFT] to the title above.
To get this ready for a vote, you should:
Circulate this proposal in #gov-temp-check on Discord for community feedback.
When you feel like this proposal has good buy-in, including from at least one OP delegate, you can update [DRAFT] in the title to [READY] and we’ll include it in the next voting cycle on Snapshot.
The first voting cycle for GovFund Phase 1 proposals will run June 22 – July 6 .
More details on the process above can be found in the Operating Manual or on Gov Fund Phase 1 : How to create a proposal
Project Name: dForce Author Name: Margaret Number of OP tokens to claim: 300 , 000 OP L 2 Recipi…
Project Name: dForce Author Name: Margaret Number of OP tokens to claim: 300 , 000 OP L 2 Recipient Address: 0 x 69 C 1 a 51711 B 061 E 5935 c 648 beb 16 e 349898 B 17 dF Defillama TVL (at snapshot): $ 5 . 4 m Optimism alignment (up to 200 word explanation): dForce is highly aligned with Optimism with a comprehensive set of DeFi protocols covering stablecoin, lending, trading. dForce is currently deployed on Ethereum, Optimism, Arbitrum, BSC with a TVL of over $ 255 m. It is currently # 1 lending protocols on Arbitrum and # 4 lending protocols on BSC by TVL. USX is an over-collateralized stablecoin implementing both Pool model and Vault model. USX can be minted through Vault (single collateral & risk-isolated), or via borrowing from supported lending protocols (pool-based & multi-collateral & market-driven rates) directly. Powered by liquidity modules, USX can effectively combat liquidity shortage by adding or removing liquidity from supported lending protocols in response to market demands, and generate profits from multiple sources for DF holders. USX and dForce lending protocols have undergone extensive code reviews and security audits by Trail of Bits, ConsenSys Diligence, CertiK, Certora (formal verification), with a bug bounty launched through Immunefi. We have withstood a number of market downturn and are battle-tested with more than three years of operation on-chain. dForce is thrilled to join the Optimism ecosystem and service its users with secure and reliable DeFi products. Proposal for token distribution (under 1000 words): Distribute OP tokens to incentivize users, developers, partners who can help grow dForce on Optimism. How will the OP tokens be distributed? Distribution of OP will be decided by DF holders through governance, with the following distribution schedule proposed: 50 % for users who use dForce protocols on Optimism through liquidity mining 30 % for developers who build on dForce protocols 20 % for marketing campaigns (Optimism focused events) How will this distribution incentivize usage and liquidity on Optimism? dForce is currently deployed on Ethereum, Optimism, Arbitrum, BSC, with a couple of others underway. We have reached a TVL of $ 255 m, according to DeFiLlama. Most of the OP tokens will be used to educate market participants on how to use dForce on Optimism and ultimately returned to dForce users on Optimism through liquidity mining. Why will the incentivized users and liquidity remain after incentives dry up? 20 % of the OP tokens will be allocated to marketing campaigns which help users get to know Optimism, and 50 % of the OP tokens will be returned to users who actually contribute TVL to the Optimism ecosystem. Once they migrate to Optimism and are accustomed to the ecosystem, there is a good chance for them to become regular users and reside on Optimism. We also plan to use the remaining OP tokens to reward developers who innovate and build on dForce protocols to explore more interesting use cases which is beneficial to Optimism in the long run. Over what period of time will the tokens be distributed? We anticipate that these incentives will be distributed over a 6 - 24 months’ time frame. How much will your project match in co-incentives? dForce DAO already has DF token allocation to facilitate the expansion on L 2 , which will be utilized to reward participants on Optimism.
Hey @MGGYY, thanks for submitting this proposal. I’ve added [DRAFT] to the title above. To get this…
Hey @MGGYY, thanks for submitting this proposal. I’ve added [DRAFT] to the title above. To get this ready for a vote, you should: Circulate this proposal in #gov-temp-check 5 on Discord for community feedback. When you feel like this proposal has good buy-in, including from at least one OP delegate, you can update [DRAFT] in the title to [READY] and we’ll include it in the next voting cycle on Snapshot. The first voting cycle for GovFund Phase 1 proposals will run June 22 – July 6 . More details on the process above can be found in the Operating Manual or on Gov Fund Phase 1 : How to create a proposal 2
This proposal needs to get passed. I am a long time users of #dForce and it’s one of the best lendi…
This proposal needs to get passed. I am a long time users of #dForce and it’s one of the best lending protocol out there in the DeFi space. Can’t wait for the rewards :laughing::laughing:
This proposal needs to get passed. I am a long time users of #dForce and it’s one of the best lendi…
This proposal needs to get passed. I am a long time users of #dForce and it’s one of the best lending protocol out there in the DeFi space. Can’t wait for the rewards :laughing::laughing:
Know dForce core team members for a long time, they are a group of persons who have passions, creat…
Know dForce core team members for a long time, they are a group of persons who have passions, creativities, judgements. They build dForce protocol for a while, always keep making new stuff and make things happen. Would be glad to see this proposal passed, this gonna be a win-win situation for both protocols.
Know dForce core team members for a long time, they are a group of persons who have passions, creat…
Know dForce core team members for a long time, they are a group of persons who have passions, creativities, judgements. They build dForce protocol for a while, always keep making new stuff and make things happen. Would be glad to see this proposal passed, this gonna be a win-win situation for both protocols.
This proposal like most others seems to be just to provide liquidity mining which provides no long …
This proposal like most others seems to be just to provide liquidity mining which provides no long term adoption.
Why would Optimism grant 30 % for people who build on your protocols? I would see if it was something that in return brought value to Optimism but cant see that any where.
What are the marketing campaigns? This is the only thing of possible value here, however there is no information at all.
MGGYY: Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, product development, and innovation for sure.
We plan to provide developers with incentives for integrating with dForce protocols or developing interesting use cases on top of dForce protocols, creating financial services and products for end-users in a transparent, efficient, and creative manner.
Example ideas would be DEX integrating with dForce Lending as a yielding venue for users to earn rewards from multiple sources (LP fee, deposit interest, and possibly dual mining rewards), or integrating with USX to facilitate derivative trading, etc.
Anyone can propose interesting idears on how to further grow dForce on Optimism (yes, the grants will be distributed developers building protocols with dForce as a base layer on Optimism ONLY)! We believe this will benefit the adoption of Optimism significantly in the long run.
dForce resides on Ethereum, BSC (#2 lending protocol), Arbitrum (#2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $243 million. Marketing campaigns will be carried out in different formats, including but not restricted to (subject to dForce DAO’s approval):
With a multi-chain deployment strategy, dForce makes it easier for users to enter the Optimism ecosystem: for example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities. We can use $OP rewards to incentivize users to borrow $OP and other stablecoins from dForce Lending on Optimism.
Fund other Optimism focused events.
This proposal like most others seems to be just to provide liquidity mining which provides no long …
This proposal like most others seems to be just to provide liquidity mining which provides no long term adoption. Why would Optimism grant 30 % for people who build on your protocols? I would see if it was something that in return brought value to Optimism but cant see that any where. What are the marketing campaigns? This is the only thing of possible value here, however there is no information at all.
MGGYY: Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, product development, and innovation for sure.
We plan to provide developers with incentives for integrating with dForce protocols or developing interesting use cases on top of dForce protocols, creating financial services and products for end-users in a transparent, efficient, and creative manner.
Example ideas would be DEX integrating with dForce Lending as a yielding venue for users to earn rewards from multiple sources (LP fee, deposit interest, and possibly dual mining rewards), or integrating with USX to facilitate derivative trading, etc.
Anyone can propose interesting idears on how to further grow dForce on Optimism (yes, the grants will be distributed developers building protocols with dForce as a base layer on Optimism ONLY)! We believe this will benefit the adoption of Optimism significantly in the long run.
dForce resides on Ethereum, BSC (#2 lending protocol), Arbitrum (#2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $243 million. Marketing campaigns will be carried out in different formats, including but not restricted to (subject to dForce DAO’s approval):
With a multi-chain deployment strategy, dForce makes it easier for users to enter the Optimism ecosystem: for example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities. We can use $OP rewards to incentivize users to borrow $OP and other stablecoins from dForce Lending on Optimism.
Fund other Optimism focused events.
50 % for users who use dForce protocols on Optimism through liquidity mining
Does not work long …
50 % for users who use dForce protocols on Optimism through liquidity mining
Does not work long term, this will only boost artificial liquidity
30 % for developers who build on dForce protocols
is this only applies to OP chain ?
We also plan to use the remaining OP tokens
remaining of what ?
dForce DAO already has DF token allocation to facilitate the expansion on L 2 , which will be utilized to reward participants on Optimism.
is this equal match of OP token requested ?
here is a good chance for them to become regular users and reside on Optimism.
50 % allocation and you are depending on “chance”
Mindao: liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network effects will form;
MGGYY: The $OP incentives will be distributed over a 6-24 months’ period, which we believe is a reasonable time frame for sustainable liquidity to reside in the Optimism ecosystem.
dForce already deployed on Ethereum, BSC (#2 lending protocol), Arbitrum (#2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $243 million. With a multi-chain strategy, dForce makes it easy for users from different worlds to tap into the Optimism ecosystem. For example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities with much lower gas costs.
USX is also powered protocol liquidity modules (Protocol-Direct-Liquidity-Provision & Protocol-Owned-Operator). The former is similar to the D3M module MakerDAO deploys with Aave, utilizing a bound-range interest rate to adjust USX’s supply on secondary markets (lending protocols, pool-based bridge, stable swaps with minimized impermanent loss) in response to market demands. The latter aims to take over USX’s liquidity on DEXes - once they become protocol-owned liquidity, it will permanently reside in the Optimism ecosystem.
Yes. The grants will be distributed to developers building protocols with dForce as a base layer on Optimism ONLY.
The remaining 20% (50% through liquidity mining, 30% for developers, totaling 100%)
Yes. We aim to match the $OP rewards on a 1:1 basis, but this has to be voted and jointly decided by $DF holders through governance.
As captioned in #1 & #3, cross-chain liquidity conduit, protocol-owned liquidity, developer grants, together with liquidity mining, we believe will greatly enhance the use of dForce on Optimism with a win-win outcome.
50 % for users who use dForce protocols on Optimism through liquidity mining Does not work long …
50 % for users who use dForce protocols on Optimism through liquidity mining Does not work long term, this will only boost artificial liquidity 30 % for developers who build on dForce protocols is this only applies to OP chain ? We also plan to use the remaining OP tokens remaining of what ? dForce DAO already has DF token allocation to facilitate the expansion on L 2 , which will be utilized to reward participants on Optimism. is this equal match of OP token requested ? here is a good chance for them to become regular users and reside on Optimism. 50 % allocation and you are depending on “chance”
Mindao: liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network effects will form;
MGGYY: The $OP incentives will be distributed over a 6-24 months’ period, which we believe is a reasonable time frame for sustainable liquidity to reside in the Optimism ecosystem.
dForce already deployed on Ethereum, BSC (#2 lending protocol), Arbitrum (#2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $243 million. With a multi-chain strategy, dForce makes it easy for users from different worlds to tap into the Optimism ecosystem. For example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities with much lower gas costs.
USX is also powered protocol liquidity modules (Protocol-Direct-Liquidity-Provision & Protocol-Owned-Operator). The former is similar to the D3M module MakerDAO deploys with Aave, utilizing a bound-range interest rate to adjust USX’s supply on secondary markets (lending protocols, pool-based bridge, stable swaps with minimized impermanent loss) in response to market demands. The latter aims to take over USX’s liquidity on DEXes - once they become protocol-owned liquidity, it will permanently reside in the Optimism ecosystem.
Yes. The grants will be distributed to developers building protocols with dForce as a base layer on Optimism ONLY.
The remaining 20% (50% through liquidity mining, 30% for developers, totaling 100%)
Yes. We aim to match the $OP rewards on a 1:1 basis, but this has to be voted and jointly decided by $DF holders through governance.
As captioned in #1 & #3, cross-chain liquidity conduit, protocol-owned liquidity, developer grants, together with liquidity mining, we believe will greatly enhance the use of dForce on Optimism with a win-win outcome.
I agree with @OPUser, there doesn’t seems to be many projects with a long term focus.
I agree with @OPUser, there doesn’t seems to be many projects with a long term focus.
Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, produ…
Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, product development, and innovation for sure.
We plan to provide developers with incentives for integrating with dForce protocols or developing interesting use cases on top of dForce protocols, creating financial services and products for end-users in a transparent, efficient, and creative manner.
Example ideas would be DEX integrating with dForce Lending as a yielding venue for users to earn rewards from multiple sources (LP fee, deposit interest, and possibly dual mining rewards), or integrating with USX to facilitate derivative trading, etc.
Anyone can propose interesting idears on how to further grow dForce on Optimism (yes, the grants will be distributed developers building protocols with dForce as a base layer on Optimism ONLY)! We believe this will benefit the adoption of Optimism significantly in the long run.
dForce resides on Ethereum, BSC (# 2 lending protocol), Arbitrum (# 2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $ 243 million. Marketing campaigns will be carried out in different formats, including but not restricted to (subject to dForce DAO’s approval):
With a multi-chain deployment strategy, dForce makes it easier for users to enter the Optimism ecosystem: for example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities. We can use $OP rewards to incentivize users to borrow $OP and other stablecoins from dForce Lending on Optimism.
Fund other Optimism focused events.
Cryptoz: I have voted YES. Mainly due to point 2 “marketing” and 3 “incentivizing developers” which can bring longer term value to Optimism. I am still struggling with point 1 “liquidity mining” as it generally just creates a short term boost with no long term effect as I have seen with hundreds of projects to-date.
I agree with @OPUser, there doesn’t seems to be many projects with a long term focus.
I agree with @OPUser, there doesn’t seems to be many projects with a long term focus.
I think this is a great proposal, a reasonable commitment of resources with a strong long-term valu…
I think this is a great proposal, a reasonable commitment of resources with a strong long-term value proposition.
I would like to support this proposal and also ask if, the project will be intently reaching across to other L 2 platforms outside of OP? As I believe this would enhance the network effect and expansion of the community greatly.
yes, dForce is No. 2 protocol on Arbitrum in terms of TVL
image 1920 × 876 83 . 5 KB
yes, dForce is No. 2 protocol on Arbitrum in terms of TVL
image 1920 × 876 83 . 5 KB
liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network ef…
liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network effects will form;
The $OP incentives will be distributed over a 6 - 24 months’ period, which we believe is a reaso…
The $OP incentives will be distributed over a 6 - 24 months’ period, which we believe is a reasonable time frame for sustainable liquidity to reside in the Optimism ecosystem.
dForce already deployed on Ethereum, BSC (# 2 lending protocol), Arbitrum (# 2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $ 243 million. With a multi-chain strategy, dForce makes it easy for users from different worlds to tap into the Optimism ecosystem. For example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities with much lower gas costs.
USX is also powered protocol liquidity modules (Protocol-Direct-Liquidity-Provision & Protocol-Owned-Operator). The former is similar to the D 3 M module MakerDAO deploys with Aave, utilizing a bound-range interest rate to adjust USX’s supply on secondary markets (lending protocols, pool-based bridge, stable swaps with minimized impermanent loss) in response to market demands. The latter aims to take over USX’s liquidity on DEXes - once they become protocol-owned liquidity, it will permanently reside in the Optimism ecosystem.
Yes. The grants will be distributed to developers building protocols with dForce as a base layer on Optimism ONLY.
The remaining 20 % ( 50 % through liquidity mining, 30 % for developers, totaling 100 %)
Yes. We aim to match the $OP rewards on a 1 : 1 basis, but this has to be voted and jointly decided by $DF holders through governance.
As captioned in # 1 & # 3 , cross-chain liquidity conduit, protocol-owned liquidity, developer grants, together with liquidity mining, we believe will greatly enhance the use of dForce on Optimism with a win-win outcome.
Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, produ…
Thanks for your feedback. We believe a sustainable and vibrant ecosystem depends on builders, product development, and innovation for sure. We plan to provide developers with incentives for integrating with dForce protocols or developing interesting use cases on top of dForce protocols, creating financial services and products for end-users in a transparent, efficient, and creative manner. Example ideas would be DEX integrating with dForce Lending as a yielding venue for users to earn rewards from multiple sources (LP fee, deposit interest, and possibly dual mining rewards), or integrating with USX to facilitate derivative trading, etc. Anyone can propose interesting idears on how to further grow dForce on Optimism (yes, the grants will be distributed developers building protocols with dForce as a base layer on Optimism ONLY)! We believe this will benefit the adoption of Optimism significantly in the long run. dForce resides on Ethereum, BSC (# 2 lending protocol), Arbitrum (# 2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $ 243 million. Marketing campaigns will be carried out in different formats, including but not restricted to (subject to dForce DAO’s approval): With a multi-chain deployment strategy, dForce makes it easier for users to enter the Optimism ecosystem: for example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities. We can use $OP rewards to incentivize users to borrow $OP and other stablecoins from dForce Lending on Optimism. Fund other Optimism focused events.
Cryptoz: I have voted YES. Mainly due to point 2 “marketing” and 3 “incentivizing developers” which can bring longer term value to Optimism. I am still struggling with point 1 “liquidity mining” as it generally just creates a short term boost with no long term effect as I have seen with hundreds of projects to-date.
I think this is a great proposal, a reasonable commitment of resources with a strong long-term valu…
I think this is a great proposal, a reasonable commitment of resources with a strong long-term value proposition. I would like to support this proposal and also ask if, the project will be intently reaching across to other L 2 platforms outside of OP? As I believe this would enhance the network effect and expansion of the community greatly.
yes, dForce is No. 2 protocol on Arbitrum in terms of TVL image 1920 × 876 83 . 5 KB
yes, dForce is No. 2 protocol on Arbitrum in terms of TVL image 1920 × 876 83 . 5 KB
liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network ef…
liquidity mining is important to boostrap Optimism ecosystem, once that kickstarted, the network effects will form;
The $OP incentives will be distributed over a 6 - 24 months’ period, which we believe is a reaso…
The $OP incentives will be distributed over a 6 - 24 months’ period, which we believe is a reasonable time frame for sustainable liquidity to reside in the Optimism ecosystem. dForce already deployed on Ethereum, BSC (# 2 lending protocol), Arbitrum (# 2 DeFi protocol), Optimism, Avalance, KAVA with a TVL of $ 243 million. With a multi-chain strategy, dForce makes it easy for users from different worlds to tap into the Optimism ecosystem. For example, you can borrow $USX against $ETH on Ethereum, and bridge $USX to Optimism at near-to-zero cost through dForce Bridge. Then you can borrow $OP against $USX to participate in more DeFi activities with much lower gas costs. USX is also powered protocol liquidity modules (Protocol-Direct-Liquidity-Provision & Protocol-Owned-Operator). The former is similar to the D 3 M module MakerDAO deploys with Aave, utilizing a bound-range interest rate to adjust USX’s supply on secondary markets (lending protocols, pool-based bridge, stable swaps with minimized impermanent loss) in response to market demands. The latter aims to take over USX’s liquidity on DEXes - once they become protocol-owned liquidity, it will permanently reside in the Optimism ecosystem. Yes. The grants will be distributed to developers building protocols with dForce as a base layer on Optimism ONLY. The remaining 20 % ( 50 % through liquidity mining, 30 % for developers, totaling 100 %) Yes. We aim to match the $OP rewards on a 1 : 1 basis, but this has to be voted and jointly decided by $DF holders through governance. As captioned in # 1 & # 3 , cross-chain liquidity conduit, protocol-owned liquidity, developer grants, together with liquidity mining, we believe will greatly enhance the use of dForce on Optimism with a win-win outcome.
Thank you for providing more information.
Overall the distribution is looking good and your number …
Thank you for providing more information.
Overall the distribution is looking good and your number of token request is also reasonable looking at time frame.
Yes. We aim to match the $OP rewards on a 1 : 1 basis, but this has to be voted and jointly decided by $DF holders through governance.
For this, if you are planning to match this, is it possible to do a temp check before hand with your $DF holders. “If OP proposal is approved, we will match it 1 : 1 ”, as of now I am not sure if you will match or not.
MGGYY: Sure. dForce community has demonstrated a strong interest and support to L2 expansion, with Optimism standing in the front rank. We believe we are able to match it 1:1 upon OP approval.
MGGYY: dForce has launched liquidity mining on Optimism!
twitter.com
@
Dear #dForcians! ?
We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ??
15k $DF will be distributed per day ?
Full Article?
https://t.co/BXwNAz54PJ
Sure. dForce community has demonstrated a strong interest and support to L 2 expansion, with Optim…
Sure. dForce community has demonstrated a strong interest and support to L 2 expansion, with Optimism standing in the front rank. We believe we are able to match it 1 : 1 upon OP approval.
Thank you for providing more information. Overall the distribution is looking good and your number …
Thank you for providing more information. Overall the distribution is looking good and your number of token request is also reasonable looking at time frame. Yes. We aim to match the $OP rewards on a 1 : 1 basis, but this has to be voted and jointly decided by $DF holders through governance. For this, if you are planning to match this, is it possible to do a temp check before hand with your $DF holders. “If OP proposal is approved, we will match it 1 : 1 ”, as of now I am not sure if you will match or not.
MGGYY: Sure. dForce community has demonstrated a strong interest and support to L2 expansion, with Optimism standing in the front rank. We believe we are able to match it 1:1 upon OP approval.
MGGYY: dForce has launched liquidity mining on Optimism!
twitter.com
@
Dear #dForcians! ?
We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ??
15k $DF will be distributed per day ?
Full Article?
https://t.co/BXwNAz54PJ
I think the ask is reasonable, this is a relatively proven team, incentives are matched. Liquidity …
I think the ask is reasonable, this is a relatively proven team, incentives are matched. Liquidity mining isn’t a great mechanism but it is what we have at the end of the day.
Sure. dForce community has demonstrated a strong interest and support to L 2 expansion, with Optim…
Sure. dForce community has demonstrated a strong interest and support to L 2 expansion, with Optimism standing in the front rank. We believe we are able to match it 1 : 1 upon OP approval.
I think the ask is reasonable, this is a relatively proven team, incentives are matched. Liquidity …
I think the ask is reasonable, this is a relatively proven team, incentives are matched. Liquidity mining isn’t a great mechanism but it is what we have at the end of the day.
btw, dForce already kicked off liquidity mining on Optimism
twitter.com
@
Dear #dForcians! ?…
btw, dForce already kicked off liquidity mining on Optimism
twitter.com
@
Dear #dForcians! ?
We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ??
15 k $DF will be distributed per day ?
Full Article?
https://t.co/BXwNAz 54 PJ
btw, dForce already kicked off liquidity mining on Optimism twitter.com 1 @ Dear #dForcian…
btw, dForce already kicked off liquidity mining on Optimism twitter.com 1 @ Dear #dForcians! ? We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ?? 15 k $DF will be distributed per day ? Full Article? https://t.co/BXwNAz 54 PJ
dForce has launched liquidity mining on Optimism!
twitter.com
@
Dear #dForcians! ?
We are t…
dForce has launched liquidity mining on Optimism!
twitter.com
@
Dear #dForcians! ?
We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ??
15 k $DF will be distributed per day ?
Full Article?
https://t.co/BXwNAz 54 PJ
dForce has launched liquidity mining on Optimism! twitter.com 4 @ Dear #dForcians! ? We a…
dForce has launched liquidity mining on Optimism! twitter.com 4 @ Dear #dForcians! ? We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ?? 15 k $DF will be distributed per day ? Full Article? https://t.co/BXwNAz 54 PJ
This proposal fits into Gov Fund Phase 1 and adds some value to Optimism: Voting Yes Value-add: G…
This proposal fits into Gov Fund Phase 1 and adds some value to Optimism: Voting Yes Value-add: Good - Users adopting Optimism Amount: Reasonable Op distribution: Okayish Co-incentives: Not well-defined We see dForce as a long-term project in DeFi across crypto ecosystems. The proposal suggests liquidity mining, dev incentives and marketing which can help move users to Optimism. Overall, the proposal is a bit broad and long-term stickiness of basic LM/marketing incentives is somewhat questionable but we’re giving the benefit of the doubt here and look forward to the concrete incentive design - hopefully incl. sticky, long-term, effective incentives (maybe incl. Uni v 3 ?), leveraging the low-cost environment of Optimism as well as collaboration across the ecosystem.
Voted: Yes Pros: Number of token asked is reasonable. 50 % token is going to marketing and builde…
Voted: Yes Pros: Number of token asked is reasonable. 50 % token is going to marketing and builders which is aligned to Optimistic approach. Token distribution time frame is good ( 6 - 24 months) Sure. dForce community has demonstrated a strong interest and support to L 2 expansion, with Optimism standing in the front rank. We believe we are able to match it 1 : 1 upon OP approval. I am assuming here, you will be machining the incentives 1 : 1 Cons: 50 % for liquidity mining is too much. Now, I am requesting your feedback on these of my ideas. Feedback is two-way approach, you help us and we help you. Proposal to stop Phase 0 Projects to submit new proposal in Phase 1 ? Token House Governance There were 20 + projects in Phase 0 , some of them has a good plan to distribute the token while other does not. Here is an excellent summary by @MinimalGravitas . Phase 0 officially concluded yesterday and soon OP will distribute 36 M token between Phase 0 projects. Announcement With this proposal, I want to share my idea and seeking your feedback on whether to allow Phase 0 projects to submit another funding proposal in phase 1 or not . In my opinion, as long as previous funds are not exhauste… Accountability of Phase 0 / 1 Funds given to projects Grants That is a good question, and this is what I was thinking. For integration fund, one example will be Infinity Wallet proposal where 80 % is going for dev and integration - Let’s say project A is giving some incentive to project B for their integration, in this case I think it would not be a problem to share their address as both are public application. For marketing and content creation (for example 80 % Marketing proposal of Kromatika Proposal): - This depends on content creator(s), if they are …
Mindao: dForce is already running liquidity mining on OP without OP incentives
check here
twitter.com
@
Dear #dForcians! ?
We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ??
15k $DF will be distributed per day ?
Full Article?
https://t.co/BXwNAz54PJ
I have voted YES. Mainly due to point 2 “marketing” and 3 “incentivizing developers” which can …
I have voted YES. Mainly due to point 2 “marketing” and 3 “incentivizing developers” which can bring longer term value to Optimism. I am still struggling with point 1 “liquidity mining” as it generally just creates a short term boost with no long term effect as I have seen with hundreds of projects to-date.
dForce is already running liquidity mining on OP without OP incentives check here twitter.com …
dForce is already running liquidity mining on OP without OP incentives check here twitter.com 1 @ Dear #dForcians! ? We are thrilled to announce that #dForce have launched liquidity mining initiative on @optimismPBC ?? 15 k $DF will be distributed per day ? Full Article? https://t.co/BXwNAz 54 PJ
This has a good track record and the amount requested is not too much. Liquidity mining isn’t the i…
This has a good track record and the amount requested is not too much. Liquidity mining isn’t the ideal solution but it’s a useful tool. Point 2 and 3 will hopefully retain more users and developers since liquidity mining is only a short term boost. We are in favor of this.
Good proposal, not used dForce before but I have heard of it. The only thing I don’t like is the li…
Good proposal, not used dForce before but I have heard of it. The only thing I don’t like is the liquidity incentives as you wont retain liquidity once they dry up. Would be better switching the 50 % for liquidity incentives with the 30 % for developers.
Looks like if you continue your growth at the current rate you’ll overtake AAVE in TVL on Optimism …
Looks like if you continue your growth at the current rate you’ll overtake AAVE in TVL on Optimism in the next week or so, very impressive. I’ve tried out your platform, not entirely sure why I’m able to borrow ETH at 0 % interest but I assume there is a good reason. All seems to work fine so I’m happy to vote yes for this proposal. I guess the most interesting part of the allocation will be seeing what projects build on your project for the 30 % section of incentives. Always good to have more innovative money Lego to play with on Optimism.
Thanks for your support! dForce Lending is a pool-based protocol where borrowing rates will be auto…
Thanks for your support! dForce Lending is a pool-based protocol where borrowing rates will be automatically adjusted based on market supply of the same asset (similar to that of Compound and Aave). Interest costs are calculated in every block and gradually grow over time until you pay back your loan. Read more through FAQ. Hope this helps to clarify your query/confusion.
Hi @MGGYY, for us this is a reasonable proposal in terms of amount and use of funds, liquidity mini…
Hi @MGGYY, for us this is a reasonable proposal in terms of amount and use of funds, liquidity mining is standard and that’s fine. I’m OK with voting yes on this proposal.
Voted : Yes Positive track record: :white_check_mark: Tokens requested in range comparable to other…
Voted : Yes Positive track record: :white_check_mark: Tokens requested in range comparable to other projects: :white_check_mark: Expected to grow Optimism ecosystem: :white_check_mark: Glad to see a mixed use of the token allocation, between liquidity mining, developer incentives, and marketing campaigns. Good overall alignment with the gov fund phase 1 objectives.
I will vote a reluctant YES here. PROS Proven protocol Good track record Reasonable amount of toke…
I will vote a reluctant YES here. PROS Proven protocol Good track record Reasonable amount of tokens asked compared to their TVL (since we are talking about liquidity minin incentives). CONS Too much spent on liquidity mining
I voted yes on this proposal since it’s a reasonable request for tokens given existing metrics and …
I voted yes on this proposal since it’s a reasonable request for tokens given existing metrics and traction.
I’ll vote YES :white_check_mark: Project quality: High - Stablecoins are one of the best products t…
I’ll vote YES :white_check_mark: Project quality: High - Stablecoins are one of the best products to build on top of blockchain Team quality: High Amount requested: Reasonable OP distribution: So, so, Liquidity mining is generally not that great way to bootstrap long-term usage. IMO It would be better to spend more on marketing and less on LM.
I am voting no on this proposal. Like GYSR, I respect what the dForce community is building. I beli…
I am voting no on this proposal. Like GYSR, I respect what the dForce community is building. I believe that market forces are the best signal for DeFi builders. dForce has meaningful VC backing and those investors will want dForce to have broad representation across the L 2 s. dForce is incentivized to do all of the things it proposes to do without a public goods grant. dForce will want to drive TVL on Optimism with or without a grant. Stablecoins have proven to be speculative. While USX is deemed to be fully collateralized, it is an algorithmic stablecoin. I do not dispute the value of having a successful stablecoin, but I think public goods funding is better allocated to other projects.
@MGGYY can you provide a Telegram handle or other contact method so the Optimism team can get in to…
@MGGYY can you provide a Telegram handle or other contact method so the Optimism team can get in touch about paying out this grant :pray: Feel free to comment on this thread, DM, or email bobby@optimism.io.
Hi @MGGYY! It’s been several months since your OP grant was distributed, checking in to see if you …
Hi @MGGYY! It’s been several months since your OP grant was distributed, checking in to see if you have a grant update you can share with the community?
