DFX (Polygon)

dfx-polygon

The Vision - DFX is a decentralized foreign exchange protocol optimized for trading fiat-backed foreign stablecoins. The next generation of global finance cannot rely solely on USD-pegged stablecoins. A decentralized protocol where users can efficiently exchange stablecoins pegged to various foreign currencies is not only important, but necessary. DFX is the protocol for the exchange of foreign stablecoins. The Parts - In order to create a global platform for trading fiat-backed stablecoins, several pieces will be required: An AMM optimized for efficient swaps Stablecoin issuers (in various countries) Liquidity providers - An automated market maker (AMM) on Ethereum allows the decentralized exchange of tokens according to a bonding curve. For DFX, this curve will be dynamically adjusted by using real world FX price feeds from ChainLink to ensure that you get the best rates for Non-USD Stablecoins like CADC, EURS, XSGD, etc. Working with stablecoin issuers in foreign countries and their local crypto on-ramps will be necessary to onboard the masses into DeFi. DFX aims to create partnerships with stablecoin issuers around the world and help them bootstrap the usage of their tokens to the world. You can safely earn yield or use the DFX platform and contracts to provide true financial localization for the customers of your global business. A decentralized protocol where users can efficiently exchange stablecoins pegged to various foreign currencies isn’t only important, but necessary. DFX Finance is that protocol for the exchange of foreign stablecoins. If you would like to know more about our great community or even if you just want to look at our Docs page, you can do so at the links below.