Forged
Overcollateralized zkLTC-backed stablecoin system and broader DeFi product suite.
Forged, also operating as Forge, is an overcollateralized stablecoin system and broader DeFi suite running on LitVM. According to the official directory, the protocol provides zkLTC-backed stable liquidity. The project's website states that users deposit zkLTC collateral into vaults to mint its native stablecoin, fUSD, with adjustable collateralization ratios monitored through vault health meters and crash simulation tools. Beyond core minting, the site describes an expanded suite of features including a leveraged looping engine utilizing proxy vaults, payment link generation with receipts for zkLTC, fUSD, and MockUSDC, as well as wallet-to-wallet messaging. The platform also incorporates gamified elements such as user squads, XP progression, seasonal leaderboards, and badges tracking minting, pooling, and vault management activity.
Questions
- What stablecoin is minted on Forged?
- The platform mints fUSD, an overcollateralized stablecoin backed by zkLTC deposits.
- What additional tools does Forge offer besides minting fUSD?
- According to its site, Forge includes a leveraged looping engine with proxy vaults, payment link creation supporting zkLTC, fUSD, and MockUSDC, risk and crash simulation calculators, in-app wallet messaging, and gamified squad quests.