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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 AMM is uniquely built for low volatility trading of currency pairs. 💱

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Unique Features of the Protocol!
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  • 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.

Audits:

Full details of all the report available here.