Good afternoon, @everyone. Lots of good news to talk about and go over today. First thing is first, DFX is now LIVE on Arbitrum.
22 Mar 2023, 17:56
Good afternoon, @everyone! 🐲
Lots of good news to talk about and go over today!
First thing is first, DFX is now LIVE on Arbitrum! 💙 🧡
By having on-chain FX on L2, traders can benefit from faster speeds and lower fees—on yield earning opportunities to FX exchange! 💱
The current markets we have on Arbitrum are CADC <> USDC & GYEN <> USDC.
Swap:
Pools:
2: DEPOSITS CAP HAS BEEN REMOVED! (All chains)
✅ Anyone can deposit
📊 No wallet cap
🔓 Remove liquidity anytime
Refresher
3: What’s DFX about?
DFX is a Decentralized Exchanged (DEX) and a swap-swap AMM focused on FX stablecoins (non-USD stablecoins) with a custom bonding curve fed with real-world FX price feeds by Chainlink oracles.
Unlike generalized AMMs that mainly rely on arbitrageurs or active liquidity management for optimal pricing, our bonding curve concentrates liquidity based on said provided price feed allowing for highly efficient trades. ⚡️
On Ethereum Mainnet we offer these non-usd stablecoin pools:
🇨🇦 CADC
🇪🇺 EUROC
🇬🇧 GBPT
🇯🇵 GYEN
🇳🇿 NZDS
🇹🇷 TRYB
🇮🇩 XIDR
🇸🇬 XSGD
Like any other DEX, we also rely on liquidity providers and these LPs receive some amount of DFX for providing liquidity.
Our protocol also operates on veTokenomics:
The longer you lock, the more vote-escrowed DFX (veDFX) you get. The main benefits of veDFX are: maximized LP rewards, voting rights (key to unlimited utility).
For DFX Finance LPs looking to take their LP participation to the next level, lock up today!
4: Some advantages of using DFX:
1️⃣ There is less risk of impermanent loss–the only inherent risk in providing liquidity on DFX pools would be foreign exchange risk between the two currencies.
2️⃣ DFX pools provide the least amount of slippage, especially for sizable swaps.
5: And that’s about it! We are coming for a piece of that TVL, Arbitrum! 💙🧡