👋Welcome to DFX Finance

Everything you need to know about DFX and the DFX Protocol

Last updated 9 months ago

👋Welcome to DFX Finance

Everything you need to know about DFX and the DFX Protocol

The Vision 🔮

DFX Finance is a decentralized foreign exchange (FX) protocol designed for trading fiat-backed stablecoins like CADC, EURC, XSGD, etc. It offers a secure way to earn yield and provides financial localization for global businesses' customers. In the evolving landscape of global finance, relying solely on USD-pegged stablecoins is insufficient. A decentralized protocol allowing the swapping of non-USD stablecoins pegged to various foreign currencies is not just important, but essential.

DFX is building stablecoins for the world.🌐

Introduction 📰

Expanding the ecosystem 🌐

DFX Finance is keen to create an ecosystem for non-USD stablecoins to thrive and provide value to users all around the world. We will be pushing out products centered around products and integrations for stablecoins of every currency. 💱

An automated market maker (AMM) on Ethereum allows the decentralized exchange of tokens according to a bonding curve. For DFX, this curve will be dynamically adjusted by using real world FX price feeds from Chainlink to ensure that you get the best rates.

Working with stablecoin issuers in foreign countries and their local crypto on-ramps will be necessary to onboard the masses into DeFi. DFX aims to create partnerships with stablecoin issuers around the world and help them bootstrap the usage of their tokens to the world.

Reach out on our Discord or Telegram if you are a stablecoin issuer.

We'll also need liquidity providers for the AMM to have enough liquidity. The DFX token will be distributed as an incentive for liquidity providers to supply their liquidity to each of the pools powering the AMM.

To learn more about the Liquidity Mining Program, click here.

If you have any other questions, please feel free to join us on Discord or Telegram and ask away!👋