DForce announced the launch of dToken Liquidity Mine, the first access to the Compound and Aave protocol

Rhythblockbeats news: On July 28, dForce announced the launch of Yield Markets, or liquidity mining. Interest bearing market will be the first to support USDx, GOLDx, USDT, USDC, DAI. Users who deposit tokens in the interest earning market will automatically get the corresponding proportion of dToken (for example, if they deposit USDT, they will get dUSDT). Each dToken represents the underlying reserve token and its corresponding USDT. Interest-bearing agreement web site: https://markets.dforce.network/

The money that the user deposits into the interest-bearing market will be allocated to different DeFi markets (including lending agreements, hybrid lending pools, high yield asset pools, etc.) in order to receive the highest risk-adjusted interest rate. Initially, the interest rate market will take the lead in accessing Compound and Aave. DToken is convenient for users to DeFi governance token one-click mining, the COMP token obtained by users (or other kinds of governance token) will be converted into the original deposit currency to deposit in the capital pool and carry out interest allocation.

DeFi's liquidity mining mechanism and incentive rules are becoming increasingly complex. Switching between different agreements to seek maximum returns requires not only to be familiar with and master the security of intelligent contracts, familiar with mining rules, and calculate expected returns, but also to pay a lot of network fees. For ordinary retail investors, there is a very high threshold for participation. DForce's interest bearing market is a handy tool for DeFi liquidity mining, with complex arbitrage between different protocols at the click of a button.

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