Exciting news! ๐ฅณ๐๐
The most powerful version of #DFX is here โ DFX ๐ฅ3! โก๏ธ
One of the major changes made in ๐ฅ3 was the added support for non-stablecoin assets. The new AMM iterated from the original design and now allows extremely efficient trading of these types of assets.
Other features introduced in ๐ฅ3 include:
๐ฆ $DFX Hidden Hand Marketplace
๐ CCIP support & cross-chain gauges
๐ต Support for Native #USDC on L2s moving forward
๐ง UI/UX improvements
Read all of it here: https://t.co/SL8C8jCcyi
Consistent and stable yield with no incentives. Just raw demand for FX on-chain. If you hold CAD or EUR, providing liquidity onto these pools will provide sustainable yield and help facilitate global FX transfers.
As the first grant recipient, Sedge has already provided positive value back to the DFX ecosystem.
We look forward to more grant proposals and more integrations and expansion in the future!
Case Study: Sedge deployment on Base powered by DFX
@sedge_fi entered the DFX ecosystem as a grants funded community project to deploy an instance of DFX on the Base network.
https://t.co/0d8aRKYTgx
Sedge is launching today as the destination for trading stablecoins backed by various currencies on @base.
Powered by @chainlink standard for verifiable market data and @DFXFinance smart contracts, Sedge provides tight spreads to real world currency prices and lowers the risk of impermanent loss for LPs in the pools.
.@sedge_fi, powered by @DFXFinance, is a decentralized foreign exchange (FX) protocol specialized for trading fiat-backed stablecoins on Coinbase's @base L2.
DFX adopted Chainlink Price Feeds to support secure markets around CAD/USD and EUR/USD with tamper-proof market data.
UPDATE ๐จ
We would like to inform the community that we are deploying a new, secure NGNC token contract on the Polygon network. This update is necessary due to a security vulnerability identified in the current NGNC stablecoin contract (0xAb9aD9089236779a8727900709427719f753e1)
Good afternoon, Dragons! โ ๏ธ
Join us tomorrow, Thursday at 1 PM EST for a special #DFX community call!
Weโll discuss the latest #DFX Grants update and how YOU can play a key role in shaping the future of DFX!
Set your reminders and donโt miss this exciting Spaces call! ๐
As the grants program ramps up, the focus on the core team will be reduced over time. The distributed efforts of the community will become the focus on decision making, technical development and business development.