DFX Finance
@DFXFinance
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The most efficient decentralized #FX protocol optimized for stablecoins. ๐ฎ Join the community: https://t.co/9ViXHZv2Tz ๐
Global
Joined August 2020
Exciting news! ๐ฅณ๐๐ The most powerful version of #DFX is here โ DFX ๐ฅ3! โก๏ธ One of the major changes made in ๐ฅ3 was the added support for non-stablecoin assets. The new AMM iterated from the original design and now allows extremely efficient trading of these types of assets.
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Normal interest rates in Canada are sub 4% and sub 3% in Europe. LP-ing into the pools provides better returns and supports the on-chain economy.
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Consistent and stable yield with no incentives. Just raw demand for FX on-chain. If you hold CAD or EUR, providing liquidity onto these pools will provide sustainable yield and help facilitate global FX transfers.
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Tariffs creating a volatile market for FX. Hedge your bets on EUR ๐ช๐บ and CAD ๐จ๐ฆ on https://t.co/p8GrcSgXoA ๐ today!
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As the first grant recipient, Sedge has already provided positive value back to the DFX ecosystem. We look forward to more grant proposals and more integrations and expansion in the future!
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Sedge is one access point to the DFX contracts on the Base network. There will be other access points added in the future through other integrations.
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Shortly after the successful deployment of $EURC/USDC, a new pair $CADC/USDC was deployed. This is the beginning of a bigger vision to bring more non-USD stablecoins onto the DFX and Base ecosystem.
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The successful deployment of the DFX smart contracts onto Base initially enabled $EURC/$USDC liquidity and swaps using the DFX v3 smart contracts. These contracts were deployed by the DFX team and Sedge provided a gateway to access these contracts.
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Case Study: Sedge deployment on Base powered by DFX @sedge_fi entered the DFX ecosystem as a grants funded community project to deploy an instance of DFX on the Base network. https://t.co/0d8aRKYTgx
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Sedge is launching today as the destination for trading stablecoins backed by various currencies on @base. Powered by @chainlink standard for verifiable market data and @DFXFinance smart contracts, Sedge provides tight spreads to real world currency prices and lowers the risk
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.@sedge_fi, powered by @DFXFinance, is a decentralized foreign exchange (FX) protocol specialized for trading fiat-backed stablecoins on Coinbase's @base L2. DFX adopted Chainlink Price Feeds to support secure markets around CAD/USD and EUR/USD with tamper-proof market data.
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UPDATE ๐จ We would like to inform the community that we are deploying a new, secure NGNC token contract on the Polygon network. This update is necessary due to a security vulnerability identified in the current NGNC stablecoin contract (0xAb9aD9089236779a8727900709427719f753e1)
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This is your opportunity to make an impact. https://t.co/slMSMSIKsy Join us today! ๐
forum.dfx.finance
Calling all DFX community members. We are recruiting global core contributors for the DFX protocol. Note: This is not a paid position. Grants to be provided for work completed and milestones reached...
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As the grants program ramps up, the focus on the core team will be reduced over time. The distributed efforts of the community will become the focus on decision making, technical development and business development.
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This new grants program marks a new journey for the DFX team and community. We invite everyone that wants to make a difference in the world of on-chain forex to join us in making a difference.
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LINK x DFX: Powering $6T Onchain FX with Stablecoin Liquidity and Realtime Settlements https://t.co/G9DfQlSPDS
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