Finding top-tier crypto projects in the bear market can be very challenging
So today I have done all the hard work for you.
Here's everything you need to know about #DFX and why you SHOULD pay attention to it 🧵
#DFX $DFX @DFXFinance
So today I have done all the hard work for you.
Here's everything you need to know about #DFX and why you SHOULD pay attention to it 🧵
#DFX $DFX @DFXFinance
What I'll cover:
-what is DFX
-how it works
-Tokenomics
- veDFX
-Benefits of the protocol
-what is DFX
-how it works
-Tokenomics
- veDFX
-Benefits of the protocol
so what is $DFX?
DFX is an $Eth-based decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc) using real-world FX price feeds.
DFX is an $Eth-based decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc) using real-world FX price feeds.
$DFX Finance is keen to create an ecosystem for non-USD stablecoins to thrive and provide value to users all around the world.
#DFX will be pushing out products centered around products and integrations for stablecoins of every currency.
Products include 👇
#DFX will be pushing out products centered around products and integrations for stablecoins of every currency.
Products include 👇
• An AMM optimized for efficient swaps
• Hybrid synthetic stablecoins stabilized by fiat-backed stablecoins (dfxCAD, dfxEUR, dfxSGD).
• Hybrid synthetic stablecoins stabilized by fiat-backed stablecoins (dfxCAD, dfxEUR, dfxSGD).
An automated market maker on $Eth 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 $DFX, this curve will be dynamically adjusted by using real-world FX price feeds from Chainlink to ensure that you get the best rates.
Tokenomics:
Every stakeholder, including founders and investors, will be distributed tokens on a continual basis, with the bulk of the tokens distributed to the community as follows. By month 96, all 100 million tokens will have been distributed.
Every stakeholder, including founders and investors, will be distributed tokens on a continual basis, with the bulk of the tokens distributed to the community as follows. By month 96, all 100 million tokens will have been distributed.
#veDFX will be launching soon. It stands for ‘voting-escrowed’ DFX.
#veDFX can be obtained by locking up DFX from anywhere between 1 week, all the way up to 4 years. A smaller balance of #veDFX is obtained when locking in a shorter time.
#veDFX can be obtained by locking up DFX from anywhere between 1 week, all the way up to 4 years. A smaller balance of #veDFX is obtained when locking in a shorter time.
#veDFX balances decrease linearly with time to reflect the reduction in lock-time, approaching 0 #veDFX when lock time is about to expire and locked DFX is to be released.
Benefits for the Protocol
In the future, it could gain additional utility, like being eligible to the yield generated through other DFX protocol features.
As of now, it is designed to benefit the #DFX protocol as a whole by:
In the future, it could gain additional utility, like being eligible to the yield generated through other DFX protocol features.
As of now, it is designed to benefit the #DFX protocol as a whole by:
Allocating voting power to long-term holders of $DFX through #veDFX
(Align incentives)
Incentivizing and encouraging users to participate in the DAO
(Or lock, both are used equivalently)
$DFX creating a bond-like utility for $DFX and creating a benchmark APR rate for staked #DFX
(Align incentives)
Incentivizing and encouraging users to participate in the DAO
(Or lock, both are used equivalently)
$DFX creating a bond-like utility for $DFX and creating a benchmark APR rate for staked #DFX
Alright , that's it for #DFX $DFX
If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilXBT
Also every Thursday I write the communities top voted project. 🧪
Everyone deserves FREE impactful knowledge.📚
If you'd like to keep up to date with time-sensitive opportunities then follow @cyrilXBT
Also every Thursday I write the communities top voted project. 🧪
Everyone deserves FREE impactful knowledge.📚
Let me know if you found this thread helpful. #DFX $DFX
What's your opinion on $DFX ? What did I miss?
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What's your opinion on $DFX ? What did I miss?
Follow me @cyrilXBT for more 🧵 's like this.
Like/Retweet the first tweet below to share the love 🫂
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