dForce
About
dForce is a decentralized, AI-native on-chain capital markets platform that unifies lending, yield optimization, stablecoins, RWAs, DEX, launchpad, and autonomous AI agents into one composable ecosystem. Built for a multi-chain world, it serves users, builders, and institutions seeking integrated DeFi infrastructure with AI-driven optimization across protocols and asset classes.
Where Does Yield Come From?
Yield in dForce comes from several connected parts of its platform.
Unitus Finance money markets let users lend and borrow across multiple blockchains. This generates yield from lending interest rates (what borrowers pay to lenders) and borrowing fees (charges for taking out loans).
These markets have special modes:
- SuperCharged Mode: Allows higher loan-to-value ratios (LTV) for correlated assets like liquid staking derivatives (LSDs).
- Segregated Mode: Lets users borrow stablecoins against more unusual or "long-tail" assets.
DF token staking gives two ways to earn:
- Free Staking: Passive yield with flexible unstaking (you can withdraw anytime).
- Lock-up Staking: Higher yields for locking tokens longer, from one week up to four years. It also gives extra rewards from secondary market purchases of DF tokens.
Liquidity mining rewards users who deposit or borrow in Unitus with UTS token emissions.
RWA Marketplace provides yield from real-world assets (like traditional financial assets brought on-chain).
AI-native multi-agent system uses artificial intelligence to automatically move capital across different blockchains and protocols, aiming to boost yield efficiency.
Fees that support yields include:
- Borrowing interest spreads (the difference between what borrowers pay and lenders receive)
- Protocol fees from money markets
- Fee allocations decided by governance (community voting).
Persons
Mindao Yang
Founder and CEO
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Certik01-02-2021 |
| The audit found no critical or high-severity vulnerabilities, with mostly informational and minor issues identified, suggesting the dForce Lending protocol was reasonably secure at the time of assessment. |
Certora26-01-2021 - 08-02-2021 |
| Certora's formal verification identified and resolved multiple security issues, including a high-severity flashloan liquidation vulnerability, ensuring the dForce Lending protocol meets its specified safety properties. |
ConsenSys Diligence08-03-2021 - 09-04-2021 |
| The audit identified several high-severity vulnerabilities including a denial-of-service vector and potential system halt, most of which were reportedly fixed during the engagement, though the protocol retains significant centralization risk through the powerful Owner role. |
Trail of Bits01-03-2021 - 19-03-2021 |
| The audit revealed multiple high-severity vulnerabilities in critical areas like initialization, access controls, and signature validation, with most issues remaining unresolved at the time of reporting. This indicates significant security risks requiring immediate remediation before safe deployment. |
PeckShield30-08-2020 |
| The audit found no critical or high-severity vulnerabilities, identifying only medium and low-risk issues in the USDx and USR implementation. PeckShield concluded the system is well-designed with identified issues promptly confirmed and fixed. |
PeckShield01-08-2019 |
| The audit found no critical or high‑severity vulnerabilities, only one medium and several low‑severity issues that were reportedly fixed, leaving informational recommendations for code quality and best‑practice improvements. |
Quantstamp26-10-2020 - 15-12-2020 |
| The audit found no critical or high-risk vulnerabilities, with only two medium-risk issues identified, one of which was fixed during the engagement. While several low-risk and informational issues were acknowledged, the overall security posture appears acceptable for a deployed DeFi protocol. |
SlowMist17-07-2019 |
| The audit revealed no critical or high-risk vulnerabilities, with the primary concern being a medium severity privilege escalation issue that was subsequently fixed, alongside several low severity code quality improvements that were addressed in updated versions. |
Trail of Bits29-06-2020 - 10-07-2020 |
| The audit revealed no critical or high-severity vulnerabilities, but identified moderate centralization risks and several low-severity issues that were addressed during the engagement. Overall, the dToken system demonstrated satisfactory security maturity with appropriate remediation of reported findings. |
PeckShield24-08-2020 |
| The audit found only a single low-severity operational issue that poses no practical exploit risk, indicating the dForce token implementation was generally secure at the time of review. |
PeckShield26-02-2022 |
| The audit found no critical or high-severity vulnerabilities, with one medium issue regarding admin key trust and three low-severity issues, all of which were addressed by the development team before deployment. |
MixBytes13-06-2024 - 27-06-2024 |
| The audit revealed one high-severity vulnerability in cross-chain transfer mintCap validation, alongside several medium issues requiring attention, though most were reportedly fixed before deployment. The findings highlight the importance of rigorous cross-chain synchronization and proper collateralization checks for this multi-chain staking protocol. |
Backers
According to the official dForce pitch deck (June 2022), investors include Multicoin Capital and Huobi.
Legal
Status and notes
No legal entity or jurisdiction information disclosed on official dForce sources. The platform presents as a decentralized, community-governed protocol with multi-sig administration addresses documented in the DAO section.