Based on smart contract and automated algorithm technology, ForTube supports ETH and BSC double chain. Users can deposit money to earn interest and borrow money to pay interest. ForTube's interest rates are determined by market supply and demand, its assets are in the hands of its users, and it supports deposit-it-without-it-without-it-borrowing-it-back globally. Rely on blockchain technology to carry out innovative experiments. FOR is the native token of the Force Protocol. It is used as a governance token on the network. In addition, FOR holders can also vote on ForTube's governance proposals, participate in the stability adjustment of QIAN's ecosystem, and participate in global debt auctions. ForTube is a DeFi platform developed based on the DeFi technology component of the Force Protocol. Relying on blockchain technology to carry out innovative experiments, ForTube aims to implement the cause of inclusive finance and provide appropriate and effective crypto financial services to users around the world. The ForTube platform includes three business segments: ForTube Bond, ForTube Bank and QIAN. It provides individuals and enterprises with cryptographic digital asset investment, financing and transaction services to meet the needs of different users for cryptographic digital financial services.

ForTube aims to fulfill the cause of inclusive finance by providing individuals and enterprises with cryptographic assets investment, financing and transaction services to meet the needs of different users of cryptographic digital finance services.

DeFi will continue to grow in volume and users in 2021. It should be noted that with the overall rise in the market value of digital assets, THE DeFi agreement needs to consider the liquidation risk brought by the overall decline in the price of digital assets and put forward higher requirements for security and risk control.

ForTube was one of the earliest DeFi app pioneers in Asia, launching ForTube Bond and ForTube Bank, respectively, as on-chain lending agreements. ForTube was also one of the first DeFi projects in Asia to use liquidity mining for cold start, with TVL exceeding $130 million and borrows exceeding $50 million. As the leading DeFi lending project in Asia, ForTube has introduced many new users to DeFi lending. In addition, ForTube platform's governance token FOR has launched the world's leading exchanges Binance, Huobi, Upbit and Bittrex.

Since its birth, ForTube has aspired to cover 30% of the total DeFi lending market. Bank, as one of the three important sections of ForTube platform, mainly provides services such as deposit and debit protocols for cryptocurrency, supporting deposit and withdrawal, borrowing and repayment as well as interest acquisition or repayment with the help of smart contracts, mainly serving investors with low risk preference. The Bank mainly controls the balance of the lending market by establishing the interest rate model, automatically controls the interest rate and adjusts the supply-demand relationship through market behaviors, so as to ensure the development of the whole lending capital pool is in a healthy range by regulating the total lending scale and fund supply and other factors. ForTube 2.0 was launched on 7 September and has been upgraded to support popular digital assets such as YFI, YFII, FOR, SNX, NEST, LEND, etc., with improved algorithms and ledger structure, Gas bills will be significantly reduced. ForTube 2.0 uses a unique off-chain audit system that provides 7x24 hour continuous audit of contracted assets to protect the security of all users' assets. At the same time, using the industry's leading security and upgradable system architecture, the system modules can be flexibly upgraded under the decentralized governance of the management system, to achieve functional iteration and security update, greatly improving the use experience and maintainability of the product. On the security side, the team hired slow Fog, CertiK, And Payshield to provide code audit services for ForTube. ForTube 2.0 will also use new mining models, including net asset mining, to maximize user expectations. In addition, ForTube 2.0 will enable Staking of good assets, as well as FOR Staking, to better promote FOR Staking and value.

ForTube's current token application is reasonable. FOR is the governance token of ForTube. The team locks part of the token as the ultimate bearer when the agreement is in debt, and destroys the token with part of the platform revenue repurchase every month. At present, FOR holders can also use FOR tokens FOR liquidity mining.

Based on smart contract and automated algorithm technology, ForTube supports ETH and BSC double chain. Users can deposit money to earn interest and borrow money to pay interest.

1. ForTube Bank supports users to deposit their digital assets into smart contracts to earn interest income, and at the same time get a loan quota, within which users can lend out other digital assets. When the borrower's outstanding loan exceeds the limit proportion of its collateral, the system will seize the user's assets and enter the liquidation process. At this point, the arbitrageur is allowed to call the liquidation contract to replace the seized assets in accordance with a certain discount ratio. 2. Principles of Interest rate Design ForTubeBank adopts a set of interest rate model controlled by algorithm. Based on the change of supply and demand, the interest rate is automatically adjusted, so as to effectively affect the total size of lending, capital supply and other factors, to ensure that the development of the whole loan capital pool is in a healthy range.

ForTube 2.0 provides flexibility to support mainstream and hot digital assets around the world. It is expected to include FOR, YFII, YFI, LINK, LRC, NEST, LEND, SNX, BNT, KNC, COMP, MKR, ENJ, MANA, SAND, etc., and the community can vote to determine the types of digital assets to be supported, ensuring the timeliness and high returns of platform products. 2. Improved algorithm and ledger structure, greatly reducing Gas cost ForTube2.0 simplified and optimized the four-step operation of "access, borrow and return" into the two-step operation of "save and fetch". Compared with Aave and Compound, the actual Gas consumption of users can be reduced by half. New account health index, quantitative display of liquidation risk, to assist users to make deposit and borrow decisions. ForTube 2.0 uses a unique off-chain audit system that provides 7x24 continuous audit of contracted assets to protect the security of customers' assets. At the same time, using the industry's leading security and upgradable system architecture, the system modules can be flexibly upgraded under the decentralized governance of the management system, to achieve functional iteration and security update, greatly improving the use experience and maintainability of the product. The core development team has always put security in the first place, and hired international leading slow Fog, CertiK, Paidun and others to provide code audit services for ForTube.

FOR is the Ecological token of the Force Agreement, with a total circulation of 1 billion. 1. Vote FOR the holder to modify and adjust key variables of ForTube system; 2. Bond rating service fee FOR holders participating in ForTube Bond credit rating; 3. Participate in QIAN's system parameter management.

Issuing bonds: Users can pledge ETH, HT, OKB, BAT and other mainstream tokens to issue bonds with a face value of 100USD each. Investment: Users can also obtain investment income by investing in corresponding fixed term bonds. Clearing: You can also become a liquidator through the clearing interface of the platform to obtain clearing proceeds. Rating: ForTube has issued FOR as an eco-token, allowing users to apply FOR a credit rating by holding FOR to receive a bond rating service fee.

ForTube has prepared 100 million FOR tokens and plans to award them in mid-September to ForTube users who provide liquidity when deployed on the Binance Smart chain. Users only need to deposit coins to mine, without complex operations. Users who use ForTube to mine can earn double income, deposit interest income and mining reward income. ForTube has prepared 100 million FOR tokens to be awarded to users who provide liquidity through ForTube deployed on binance smart Chain. Users only need to deposit coins to mine, without complex operations. Users who use ForTube to mine can earn double income, deposit interest income and mining reward income. The daily mining reward ratio is fixed, and the more tokens users deposit, the more rewards they get. Based on binance's cross-chain capabilities, ForTube will support many more cryptocurrencies participating in mining activities, including BTC, BCH, ETH, LTC, and more. Users only need to deposit their assets in the exchange and then withdraw the BEP20 token to their address in the BSC. Users can use BEP20 tokens to participate in liquidity mining activities of ForTube or try DeFi applications of other Binance smart chains.

Compound and Aave capital pool total deposits are much higher than ForTube and Cream, mainly because Compound and Aave built their moat through DeFi Lego: The bottom layer of the transaction pool in Curve is Compound and Aave capital pool, and the return strategies proposed by income aggregators such as Yearn will use lending platforms. For example, LPToken (aToken and cToken) of Aave and Compound have transaction pairs on some AMM agreements. The ability to do liquidity mining on other platforms or share the fees for the pair has increased the liquidity scale of Compound and Aave. However, recent revenue strategies proposed in revenue aggregators were too low, and some money was withdrawn from revenue aggregators, resulting in a decline in Compound and Aave liquidity, but still higher than ForTube and Cream. In addition, Compound uses liquidity mining to attract users to deposit funds. At present, there are only two lending platforms, Cream and ForTube, on the chain. Both of them adopt the way of liquidity mining to attract liquidity providers. Since the DeFi ecology of BSC is still in its early stage, Cream and ForTube do not have direct competition yet. The main task is to fully exploit the value of the tokens on the BSC. However, when the rate of return is lower than a certain percentage, for liquidity providers, the benefits and risks are not proportional, and liquidity mining can no longer attract liquidity. Neither ForTube nor Cream has their own moat yet, and if lending agreements such as Aave are deployed on BSC, Cream and ForTube's liquidity will flow to other platforms.

TheForceProtocol provides the underlying technical architecture for ForTube. Based on official public disclosures, the Force Protocol team didn't formally set its path until 2019, and before that, tokens didn't have a very suitable application scenario. In 2019, Force Protocol began to explore lending products and identified its main products as lending agreements, bond agreements and staboin agreements, gradually releasing its products on Ethereum. In the third quarter of 2020, there was still an official plan to integrate the above three protocols into ForTube, but it was later modified to incorporate the loan protocol and the bond protocol. In the second half of 2020, ForTube and Binance smart Chain agreed to work together, and the focus of business development gradually shifted to binance Smart Chain. There is still some market share on Ethereum, and expanding the Binance smart chain and other public chains could be an important direction for ForTube.

In terms of product design, ForTube's loan agreement is reasonably designed to meet users' borrowing needs, but it lacks innovation. Bond products can complement pooled lending. In terms of business, although ForTube currently supports a wide variety of tokens and erC-20 copycat coins on Ethereum are in demand for borrowing coins, its main business is still stablecoin lending, while the advantages of long-tail assets are not prominent. Binsecurity intelligent chain, ForTube can capture the value of non-ERC-20 tokens and provide a lending platform for them, which has certain development potential. Binsecurity is also focusing on the development of binsecurity intelligent chain, with binsecurity intelligent chain running in parallel with binsecurity chain to achieve interoperability, focusing on the development of DeFi ecology, and may be able to combine more gameplay in the future. And Binance has built a Hub on Cosmos to reduce cross-chain development costs for ForTube. Some of the tokens on both chains lack liquidity, a problem the team now hopes to solve by adjusting the interest rate model. As the current market is still dominated by capital pool lending, the business volume of bond platform is limited, and business development is difficult to some extent. In terms of ecology, ForTube's main partners are wallet and exchange, as well as the prophet project used by ForTube, etc. Social media following is not small, as the overall market is in a state of low popularity, the community is only moderately active. When the market is cold, the operation ability of the team is tested.

There is fierce competition for lending agreements on Ethereum. ForTube's interest rate model and liquidity capture capability have no obvious advantages on Ethereum, while the DeFi ecosystem on binance smart chain is not perfect, and liquidity on BSC has not been fully tapped, so the lending agreements on the chain have not entered the stage of head-to-head competition. ForTube has plenty of room to grow, but needs to strengthen its operational marketing capabilities. In terms of security of funds, ForTube provides sufficient incentives for liquidators to participate in clearing and has a clearing interface where all users can participate in clearing. The team also prepares a reserve against systemic risk. The ForTube code has also been audited by audit firms and there have been no security incidents.

DeFi lending platform ForTube (FOR) has locked up 100 million FOR the operation risk reserve of the platform, which is a special fund to ensure the safety of users' assets. ForTube will activate the risk reserve compensation mechanism in the event of loss of user assets due to the platform, and the compensation for loss of user assets due to personal reasons will not be covered. ForTube address 0 x5eedc7317fb06e5d3c50d3da90035437563958c1 platform operation risk reserve account. Since our inception, the ForTube team has placed the safety of our customers' assets at the top of our development and operations priorities. After long-term thinking, planning and prototype verification, the application security system with complete logic closed loop is proposed and implemented to protect the security of application data and user assets from all directions and levels.

On the ForTube platform, Bond, Bank and QIAN are not only improving DeFi user experience, security, stability and governance in an advanced way, but also planning to integrate the three into a whole, so as to realize an economic internal ecological loop and gradually move towards ecological self-profit. Meanwhile, QIAN aims at a larger market in ecological support to prove that ForTube is continuing to introduce more external real economy addition and enabling, so as to promote a larger ecological cycle, because only the integration of internal and external cycles can make blockchain, DeFi and ForTube go out of the circle.