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DFX AMM
Everything you need to know about the DFX Automated Market Maker, (AMM).
We designed the DFX AMM specifically to be optimized for the forex use case and it is not meant to be a generalized AMM.
This new AMM is uniquely built for low volatility trading of currency pairs. 💱
- We leverage an oracle powered by ChainLink to provide external FX price feeds into the pricing engine.
- We back test our currency pairs to use historical FX data to set and optimize the price range to maximize capital efficiency and lower slippage.
- Each currency is paired with USDC. USDC is treated as a bridge currency in the DFX AMM between all the other stablecoins. This allows it to maintain the most liquid pools to facilitate swaps without fragmenting liquidity.
- The entire user interface (UI) has been remodeled to give a seamless transition whenever you are participating in any part of the DFX protocol.
The oracle design is very powerful. The oracle does not dictate the price, but rather provides a reference point for the bonding curve. This will help shift the optimal range of capital along the bonding curve WITHOUT user intervention.
Example of Bonding curve using CADC/USDC LP.
By using back tested historical data, we are able to set the most ideal range for the capital in the pool to be utilized. Every currency pair is different and each one has their own unique characteristics. They all have a long history of data that we can leverage to help inform the bonding curve how to behave. We will be working with special models to help set and tune the bonding curve for each currency, but the community will be able to tune and adjust it thereafter to ensure the bonding curve stays relevant as the market moves. This is slated to launch with v1.
These are the tokens you will get in return for supplying liquidity into a DFX liquidity pool.
Name | Ethereum | Polygon | Arbitrum |
DFXv2 CADC | |||
DFXv2 EUROC | EUROC is not currently offered on Polygon, we will pursue adding once its available. 👍 | N/A | |
DFXv2 EURS | N/A | N/A | |
DFXv2 XSGD | N/A | ||
DFXv2 NZDS | TBA | N/A | |
DFXv2 TRYB | N/A | ||
DFXv2 GYEN | GYEN is not currently offered on Polygon, we will pursue adding once its available. 👍 | ||
DFXv2 XIDR | XIDR is not currently offered on Polygon, we will pursue adding once its available. 👍 | N/A |
These are the Staking Reward contracts (or Gauges) that you will need in order to successfully stake your DFX LP tokens into for yield farming.
Pool | Ethereum | Polygon |
CADC-v2 | ||
EUROC-v2 | EUROC is not currently offered on Polygon, we will pursue adding once its available. 👍 | |
EURS-v2 | N/A | |
XSGD-v2 | ||
NZDS-v2 | TBA | |
TRYB-v2 | ||
GYEN-v2 | GYEN is not currently offered on Polygon, we will pursue adding once its available. 👍 | |
XIDR-v2 | XIDR is not currently offered on Polygon, we will pursue adding once its available. 👍 |
Pool | Address |
DFX-WETH LP Token (ETH Mainnet) | |
USDC-TEL-DFX LP Token (Polygon) | |
USDC-TEL-DFX (20/40/40) Staking Contract |
Pool (ETH Mainnet) | Address |
DFX-ETH-SUSHI LP Token | |
DFX-ETH-SLP Staking Contract |
Note: If you do not stake your LPTs after supplying liquidity, you will not receive liquidity mining rewards.Last modified 2d ago