DFX Finance is a decentralized protocol on Ethereum that specializes in the efficient exchange of fiat-backed stablecoins pegged to global currencies. More
| Fully Diluted Valuation | $1.09M |
|---|---|
| 24H Trading Volume | $3,707 |
| 24H Low / High | $0.01 / $ 0.01 |
| Circulating Supply | 43.58 M |
| Total Supply | 100.00 M |
| Max Supply | 100.00 M |
| Categories | Decentralized Finance (DeFi) 4 more |
|---|---|
| Founder | Anonymous |
| Website | dfx.finance |
| Socials | 3 more |
| Chains | Ethereum Ecosystem 2 more |
| Explorer | Arbiscan 4 more |
| Contracts |
0x888....54c60
2 more
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| Name | Pair | OG Score |
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DFX Finance is a decentralized protocol designed to make trading fiat-backed stablecoins more efficient, especially for stablecoins tied to various global currencies—not just the US dollar. Built on the Ethereum blockchain, DFX Finance offers a platform for trading stablecoins pegged to currencies like the Canadian dollar, Euro, and Singapore dollar. By expanding beyond USD-backed stablecoins, DFX provides a broader range of options for users looking to exchange digital assets that reflect real-world currency values.
How does DFX Finance work?
DFX Finance uses a dynamically tuned bonding curve optimized for trading stablecoins. This approach allows the platform to automatically adjust exchange rates based on real-world foreign exchange data, which is updated through ChainLink's decentralized oracles. By staying in sync with current FX market rates, DFX Finance ensures that users get competitive and fair exchange rates on trades.
Why is DFX Finance important?
DFX Finance helps address a critical need in the decentralized finance (DeFi) market: efficient access to global currencies in stablecoin form. This is valuable for businesses and users seeking financial solutions in non-USD currencies, particularly those wanting localized currency options. By increasing the availability and liquidity of fiat-backed stablecoins, DFX Finance supports mainstream adoption of Web 3.0 technologies and aims to make cross-border finance more accessible.
How is DFX Finance secured?
Security is a priority for DFX Finance, achieved through multiple safeguards. The platform's smart contracts are regularly audited by reputable firms to identify and fix potential vulnerabilities. Additionally, Chainlink’s price feeds protect users by providing real-time, tamper-resistant FX rates. DFX also has a Grants Program and supports Chainlink’s Cross-Chain Interoperability Protocol (CCIP) to enhance its security and strengthen the protocol.
Key milestones of DFX Finance
Since its launch, DFX Finance has grown through partnerships with stablecoin issuers and other investors, helping to expand its ecosystem. Major achievements include the creation of liquidity pools for non-USD stablecoins and collaborations with established funds in the DeFi space. These milestones underscore DFX Finance's commitment to building a secure, efficient, and widely accessible platform for stablecoin trading.
In summary, DFX Finance is a key player in DeFi, specializing in fiat-backed stablecoin exchanges with real-world FX accuracy, making it a valuable resource for users navigating the global digital economy.
DFX Finance is unique for its focus on fiat-backed stablecoins tied to global currencies beyond the US dollar, using a dynamically tuned bonding curve and real-time FX price feeds from ChainLink to offer fair, competitive rates for global stablecoin trading.
DFX Finance was founded by a team of decentralized finance (DeFi) enthusiasts with expertise in blockchain and financial technology, dedicated to expanding access to non-USD stablecoins in DeFi.
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