DFX is a new automated market maker (AMM) optimized for forex trading.
The goal of DFX is to provide a decentralized protocol to enable movement of funds via different currencies at the best prices.
DFX initially launched a liquidity mining program using Balancer Smart Pools. This was called the v0 release and allowed early DFX adopters to provide liquidity into three different pools: CADC/USDC, EURS/USDC and XSGD/USDC.
Recently, the DFX v0.5 release was deployed as a guarded launch of the new smart contracts. …
We’re excited to announce that DFX Finance — an automated market maker focused on providing a forex-based DEX leveraging stablecoins — has integrated Chainlink Price Feeds on the Ethereum mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, DFX Finance has access to high-quality, tamper-proof price feeds needed to provide up to date FX prices to enable the most efficient AMM for Forex swapping. This will provide our users with strong assurances that they are getting the best prices and liquidity providers are maximizing capital at the most effective market prices.
Today we’re pleased to announce the beta release of the DFX AMM. This AMM is designed specifically for forex and is not a generalized AMM. This new AMM is uniquely built for low volatility trading of currency pairs.
February was a spectacular month for DFX. DFX closed a $5M seed round led by Polychain Capital and True Ventures. Our liquidity mining program went live and now DFX has almost $40M locked in liquidity pools. I wanted to take some time right now to recap some of the events that led up to our launch and lay out the roadmap for the future.
DFX was incubated in the midst of DeFi Summer with lots of sleepless nights keeping up with the latest yield farming projects and strategies. At the time…
While most stablecoins today are pegged to the USD, this leaves out the rest of the world. DFX is here to change that.
DFX is a decentralized foreign exchange protocol focused on foreign stablecoins.
In the coming months and years, the team will focus on three key aspects of the ecosystem:
The eventual AMM will also make use of a dynamic bonding curve constantly adjusted by…