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Introduction to ForTube
In 2020, DeFi became the most popular star in the crypto ecosystem. Total Value Locked (TVL) in DeFi has exceeded $60 billion, and the number of users has exceeded 1 million.
ForTube V1 was officially launched on the ETH Mainnet in May 2019. After continues product iterations and stable operation, ForTube has now become one of the world's leading DeFi lending platforms, providing safe and efficient liquidity solutions for the global market.
With security as the core concept, ForTube has created an off-line security audit mode and passed the audit of three major security companies, namely CertiK, Peckshied and SlowMist. See the audit reports .
In practice, ForTube perceived the following problems to improve for DeFi projects:
Single Fund Pool: When assets with different risks are integrated into one single lending pool, it makes difficult risk pricing and prevents more funds from joining.
Token Economic Model and Platform Governance : The value captured by the platform has not been transferred to the project token, and the willingness and participation of token holders in governance are quite low.
Security Control: Smart contract security and oracle security problems lead to huge losses. According to statistics from The Block Research, 15 DeFi platforms were hacked in 2020 with a total loss of $120 million .
Community Construction : The communities of most projects are not strong enough and lack an effective incentive mechanism to bind the interests of platform users, token holders, and developers together.
The newly upgraded ForTube V3 tries to improve these problems to some extent. ForTube V3 realizes the innovation of products and business , such as the risk classification and assets pooling. Meanwhile, it redesigned the optimization of financial model , the upgrading of risk control system, as well as the brand-new operation growth system with Membership System and Academy included.