The DFX team has a long roadmap and vision for the protocol. This page will serve as a living document for the protocol's direction, goals, and milestones.
Estimated release: February 2021
The point of this release is to:
Announce the launch of the DFX project
Begin community distribution of the DFX governance token
This release is built on top of Balancer Smart Pools and the Synthetix StakingRewards smart contract which has been battle-tested in the wild. You can review the Etherscan-verified source of the StakingRewards contracts here.
Estimated release: May 2021
The primary goals of this (beta) release is to launch a prototype of our new AMM design with the novel features, including a dynamic bonding curve based on oracle price feeds.
The team has decided to do a guarded release of these pools. Each address is allowed to provide up to $10k worth of liquidity into each pool. DO NOT SUPPLY MORE LIQUIDITY THAN YOU ARE WILLING TO LOSE. Only addresses that have participated in the previous DFX pools can provide liquidity to the beta. Each pool will be allocated 5000 DFX tokens as liquidity mining rewards for the two week beta period.
Estimated release: June 2021
June 9th, 2021 marked the release of DFX v1. With the launch of DFX v1, DFX is able to provide low slippage real-time pricing for stablecoins denominated in currencies outside of the US Dollar.
The AMM facilitates a multi-sided market between liquidity providers, forex users and arbitrageurs. In the midst of this lies a DFX token that will be used to bootstrap initial liquidity of new foreign stablecoins and bring together a cohesive network of currencies previously unattainable in the DeFi space. This crowdsourced liquidity will provide increasing value to liquidity providers as their funds will be used to facilitate vast amounts of payments around the world settled in real-time for all parties.
The success of DFX lies in the community of users and liquidity providers. Without you, there will be no DFX. The goal of DFX is to provide the best pricing for forex trades using stablecoins to all users. With the release of v1, DFX becomes a critical DeFi money lego that will be used by various Dapps to facilitate forex swaps.
With the v1 AMM launch complete, DFX will focus on expanding the reach of the protocol.
Some items that have been completed:
SushiSwap DFX/ETH incentivized staking
Things to look forward to:
Integration with other DeFi protocols and services
Adding additional stablecoins to the DFX protocol
DFX token listings on exchanges
Whitelisted DFX pool
Enhanced governance portal
Aggregate on/off ramp integration
The roadmap above are some of the high-level areas the core team is concentrating on, but it does not mean it will be the only things you will see in the next few months. We're all hard at work to build an amazing product that will enable the future of finance to build on top of.