dForce aims to build an integrated and interoperable open finance and monetary protocol ecosystem, with products including asset protocols, liquidity protocols, and more.
The DF token is the ERC-20 native utility token of the platform and is mainly used for the following:
Governance: DF token holders can vote on governance decisions and set protocol parameters.
Liquidity mining: liquidity providers on dForce are rewarded with DF tokens.
Payment: users are required to use the DF token to pay for various services provided by the platform, such as the generation of USDx, GOLDx, etc.
System stabilization: DF tokens are minted and auctioned to cover bad debts and recapitalize the platform.