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dForce aims to build a complete open financial ecosystem, including stable assets, liquidity agreements, lending markets, derivatives markets, etc. The DF platform currency undertakes multiple functions in the dForce ecosystem, including fee payment, platform governance, risk management, derivative asset synthesis, partner incentives, etc.
DF is dForce's native ERC-20 utility token and has the following primary use cases:
Governance: DF token holders can vote on platform governance decisions and set protocol parameters.
Liquidity Mining: Liquidity providers on dForce can get DF tokens as rewards.
Payment: Users need to use DF tokens to pay for a series of services provided by the dForce platform, such as the generation of USDx and GOLDx tokens.
Stable system: When there are bad debts in the platform, new DF tokens will be generated and auctioned to ensure sufficient funds on the platform.