DFX

DFX is a decentralized foreign exchange protocol optimized for stablecoins. DFX is an Ethereum-based decentralized exchange protocol (like Uniswap) with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc) using real-world FX price feeds. Mainstream adoption of Web 3.0 requires assets that are protected from price volatility. By focusing on fiat-backed stablecoins on the Ethereum blockchain, we leverage the existing defi ecosystem to bootstrap humanity's next generation foreign exchange. The DFX bonding curve continually shifts to allow for the most efficient trades. This means you can get extremely close to spot prices while taking advantage of Ethereum's quick settlement finality. The quantity of tokens in each pool acts as a fixed pivot point for the slope of the bonding curve, which dynamically changes based on an external price oracle. Minimized slippage. Optimized capital. Maximal utility.