Know dFed.finance: the Decentralized Federal Reserve Board

What is dFed.finance?

dFed will establish a fully decentralized system that integrates market dealing, borrowing & lending, and currency-issuing.

dFed is a self-service open system run by smart contracts, and it will support any kinds of cryptocurrencies trading, lending, and mining.

What problems have been solved?

2. Decentralized stablecoins, such as DAI, only supports limited assets, which need to be checked and confirmed by the team. The essence is guaranteed by the team. Once the price fluctuates greatly, there will be liquidation risk. For example, in the case of the March 12 incident, the MakerDAO foundation was forced to auction tokens to pay its debts.

3. The value of governance token becomes the debt guarantee of DeFi projects, which depart from the original intention of decentralized governance, and the rights and interests of the holders become debts. Once the project has bad debts and the foundation decides to sell, the holder will lose.

How does dFed work?

dFed is a pure decentralized StableCredit and Liquid, it can be simply understood as dFed.finance = MakerDAO-like Mint x Uniswap-like Exchange x Compound-like Governance.

What is dFed’s Advantage?

2. Support all cryptocurrencies participate in the generation of USDD through a mortgage, regardless of Bitcoin, Ethereum, or any kinds of altcoins.

3. Self-service, similar to Uniswap listing, the community distributes and withdraws funds by themselves, without a central team examine and verify.

4. Liquidation priority strategy ensures the 100% security of exchange between mortgaged tokens and stable coins and completely eliminates the liquidation risk caused by price fluctuation.

What’s the benefit if a token listing on dFed?

1. Increasing trading platforms, it is equivalent to list on a DEX, creating trading pairs, and adding liquidity will make the community more active.

2. mortgaging and lending, whatever the token is, whether it is unable to sell or do not want to sell, it can be used as a mortgage, to lend stable coins for financial management.

3. participating in mining, as the governance token of dFed, FED will reward all the liquidity providers for all the trading pairs, that is additional income. Transaction fees will buy back FED and burn it.

In short, more usage, more liquidity, more income, but less circulating supply.

What’s the usage of FED?

The transaction fees and lending interest will be used to buy back FED and burn the FED tokens in the market.

FED tokens represent the governance rights, everyone can participate in project governance by deposit FED, including proposal, voting, execution, etc.

What’s the future of dFed ?

  • dFed is a basic protocol and service framework. At present, it provides basic trading, lending, and mining capabilities. More DeFi applications can be built on it in the future, such as insurance, DAO, asset management, forecasting, etc. At the same time, it can also combine with various kinds of DeFi LEGO freely, such as stable coins exchange like Curve, mining strategy to join YFI pool (yVault), liquidity docking with various swaps, etc.
  • The first phase of dFed will deploy on Ethereum, and will later be deployed on the well-known public chains such as TRON Chain and Binance Chain, and will also support the MultiVAC mainnet that will be released in Q4. As a DApp, the dFed will also add support for cross-chain scenarios, with the goal of becoming a platform to support the trading, lending, and mining of all kinds of cryptocurrencies assets on all mainstream chains.

Contact us:

Twitter: @dFed_finance

Discord: https://discord.com/invite/ztgFdQm

GitHub:https://github.com/dFed-finance

Whitepaper: https://dfed-finance.github.io/Introduction/whitepaper/dFed.finance.pdf

Decentralized Federal Reserve Board that Enable Everyone to Issue Currency

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