|All Time High:|
|Market Cap: |
|The price of #DFX today is $0.048 USD.|
The lowest DFX price for this period was $0, the highest was $0.048, and the exact current price of one DFX crypto coin is $0.04831.
The all-time high DFX coin price was $138.
Use our custom price calculator to see the hypothetical price of DFX with market cap of ETH or other crypto coins.
|The code for DFX Finance crypto currency is #DFX. |
DFX Finance is 2.5 years old.
|The current market capitalization for DFX Finance is $1,978,638.|
DFX Finance is ranking upwards to #712 out of all coins, by market cap (and other factors).
|The trading volume is large during the past 24 hours for #DFX.|
Today's 24-hour trading volume across all exchanges for DFX Finance is $11,405,524.
|The circulating supply of DFX is 40,957,407 coins, which is 41% of the maximum coin supply.|
|DFX has limited pairings with other cryptocurrencies, but has at least 3 pairings and is listed on at least 5 crypto exchanges.|
|Note that there are multiple coins that share the code #DFX, and you can view them on our DFX disambiguation page.|
DFX Monthly Recap — January 2022!
DFX Monthly Recap — January 2022! - Website | Twitter | Telegram | Discord | Github | Medium Welcome to the DFX end of month recap, where we highlight the latest developments related to the DFX protocol! January was a busy one. It may not have seemed like it, but we were able to get so many different things done, especially laying the groundwork for future use cases. We at DFX Finance are so unbelievably humbled to have your support and we hope you enjoy this month’s recap !😊 Let jump into it!🔥 — Launch of KPI Options✨ - What are KPIs? — Key Performance Indicator (KPI) options are synthetic tokens that will pay out more rewards if a project’s KPI reaches predetermined targets before a given expiry date. Every KPI option holder has an incentive to improve that KPI because their option will be worth more. This is intended to align individual KPI token holder’s interests with the collective interests of the protocol. Why KPIs? — The goal of the KPI options program is to motivate Total Value Locked (TVL) growth of DFX protocol and it will track TVL in DFX pools. What pools are tracked in the TVL? — github.com What external communities received the KPIs — PayTrie, UMA, and Lobsterdao. Where can I view my KPIs & the value — kpi.dfx.finance What Blockchain are my KPIs on? — The KPIs were dropped on the Polygon network. This was done to help everyone save on gas f...
DFX V1 Launch
Website | Twitter | Github | Discord | MediumDFX is a new automated market maker (AMM) optimized for forex trading. The goal of DFX is to provide a decentralized protocol to enable movement of funds via different currencies at the best prices. DFX initially launched a liquidity mining program using Balancer Smart Pools. This was called the v0 release and allowed early DFX adopters to provide liquidity into three different pools: CADC/USDC, EURS/USDC and XSGD/USDC. Recently, the DFX v0.5 release was deployed as a guarded launch of the new smart contracts. This was to minimize potential risks to the system while bugs were ironed out. The successful completion of v0.5 leads us to what we now call DFX v1. — AMM - DFX v1 is a set of contracts that leverage an oracle powered by Chainlink to optimize forex prices on-chain. The oracle does not dictate the price of the AMM, but it serves as a reference point for the bonding curve. In a traditional AMM, the price only changes when someone trades on the AMM. With DFX v1, the price changes based on the oracle price AND when swaps are done to move the pool ratios. As the general shape of the curve will remain consistent, there will be several parameters that may change as different currencies have different characteristics. There is a region on the bonding curve that is considered the “flat region” thus remaining at a constant price to the oracle. At launch, this represen...
DFX Finance Integrates Chainlink Price Feeds to Secure Forex-Based Automated Market Maker
We’re excited to announce that DFX Finance — an automated market maker focused on providing a forex-based DEX leveraging stablecoins — has integrated Chainlink Price Feeds on the Ethereum mainnet. By integrating Chainlink’s industry-leading decentralized oracle network, DFX Finance has access to high-quality, tamper-proof price feeds needed to provide up to date FX prices to enable the most efficient AMM for Forex swapping. This will provide our users with strong assurances that they are getting the best prices and liquidity providers are maximizing capital at the most effective market prices. Our initial integration involves the use of the following Chainlink Price Feeds: CAD/USD, EUR/USD and SGD/USD. We chose Chainlink as our go-to oracle solution because its infrastructure is seamless to integrate and time-tested in production. Chainlink already secures leading DeFi protocols responsible for billions of dollars in smart contract value, maintaining robust security and high availability even amidst unexpected events, such as exchange downtime, flash crashes, and data manipulation attacks via flash loans. The DFX AMM is designed specifically for forex and is not a generalized AMM. This new AMM is uniquely built for low volatility trading of currency pairs. We are working with stablecoin issuers in various countries covering multiple continents to provide access to domestic markets with local on/off-ramps. We ...
DFX Meme Contest
Website | Twitter | Github | Discord | Medium We couldn’t be more excited about the launch of DFX Finance v1 and in the spirit of celebration we invite YOU the community to join us in our first ever Meme Contest! — The Rules are Simple - Create the finest DFX meme in existence, Tweet your meme on Twitter and be sure to include @DFXFinance and the hashtag #DFXMemes, Tag 3 or more friends, Follow us on twitter (we will DM the winners!), — The Winners Podium - The memes will be judged by the DFX team based on originality, relevance to DFX, and overall meme quality. A prize pool of 3,000 DFX tokens will be distributed amongst the winners as follows: First Place: 1,500 DFX tokens, Second Place: 600 DFX tokens, Third Place: 300 DFX tokens, — Bonus Categories - Given that this is our first incentivized community event we couldn’t resist adding a couple of bonus categories: Best Foreign Language Meme: 300 DFX tokens, Community Choice Award (most likes + retweets): 300 DFX tokens, — Submission Deadline - Memes must be tweeted by Friday, July 2nd, 2021 at 23:59 UTC to be considered eligible. — Prize Distribution - We will contact the winners on Twitter via DM using the official @DFXFinance Twitter account. Please beware of scammers. — On Your Marks. Get Set. Meme!! - Best of luck to all participants! We’re excited to uncover the creativity within our growing community! If you hav...
DFX Launches New Sushiswap Pool
Website | Twitter | Github | Discord | Medium The community has been asking for it and it is finally here! DFX is launching a staking pool on SushiSwap where you can earn even more $DFX. 120,000 DFX tokens will be added to the pool for 4 weeks. Token rewards will begin 10:00 PM UTC, June 24 2021 so go get ready! — Staking. — Provide liquidity with your DFX/ETH tokens on SushiSwap for SLP tokens, 2. Stake your SLP tokens on DFX pools app.dfx.finance And now you’re chilling, it’s just that easy! Bonus Tip: Remember to take full advantage of the power of compound interest by claiming your earned $DFX periodically and staking them back into the Sushipool. The motivation behind the new pools is to increase the amount of DFX liquidity and the overall exposure of the awesome things we are building at DFX. We are super pumped about the upcoming things for everyone in the next couple of weeks so stay tuned! Come swing by our Discord and drop a Tweet if you have any questions! DFX Launches New Sushiswap Pool was originally published in DFX Finance on Medium, where people are continuing the conversation by highlighting and responding to this story.
DFX June Update
Website | Twitter | Github | Discord | Medium DFX liquidity mining for v0 and v0.5 will end approximately June 3 2021 1:00–2:00 AM UTC. In preparation for our v1 launch, liquidity providers will need to migrate their liquidity from the v0 pools to the v1 pools. To do so, visit v0.dfx.finance to unstake your BPT tokens, and withdraw your stablecoins from the following Balancer pools: CADC <> USDC: 0x77e8560bC23FDf3C7A93c6f8E6C295D6088A9889 EURS <> USDC: 0x249dda6b483F3fde86cd1937E825f0901c1151f3 XSGD <> USDC: 0x78C281090399EbC2d720595654B908Ed31cD8bCb Liquidity providers in the v0.5 pools will have their liquidity automatically shifted to v1 next week when it goes live. There is nothing you need to do between now and then, but there will be no rewards earned during this transition period as we prepare the final touches on v1. Rewards will be reallocated to the DFX pools and staking contracts when v1 goes live. Based on the successful launch of v0.5, the contracts for v0.5 will transition over to v1 by removing the whitelist and capped deposits. You can now begin adding liquidity into the contracts by going to v0.5.dfx.finance. The rewards will resume next week. BAL rewards will also be claimable next week. This blog post will be updated with the URL to claim the BAL rewards when it is available. BAL rewards will be distributed on a prorated basis based on the amount of time liquidity has been provided. ...
DFX V0.5 Launch and Trail of Bits Audit
DFX V0.5 Launch - Website | Twitter | Github | Discord | Medium Today we’re pleased to announce the beta release of the DFX AMM. This AMM is designed specifically for forex and is not a generalized AMM. This new AMM is uniquely built for low volatility trading of currency pairs. — ✨ New and Unique Features: - We leverage an oracle powered by ChainLink to provide external FX price feeds into the pricing engine., We backtest our currency pairs with historical FX data to set and optimize the price range in order to maximize capital efficiency and minimize slippage. (coming V1), Each currency is paired with USDC. USDC will act as the bridge currency between all the other stablecoins in the DFX AMM. This allows the AMM to facilitate swaps without fragmenting liquidity., The oracle design is very powerful. The oracle does not dictate the price, but rather provides a reference point for the bonding curve. This optimally shifts capital along the range of the bonding curve without any user intervention. Moreover, our AMM design is based on the amazing work done by the Shell protocol team, whose whitepaper details a way to construct configurable AMMs built for baskets of similar assets. As DFX’s goal is to facilitate efficient swaps between foreign stablecoins, we have tailored our AMM to non-volatile pairs of assets. The DFX AMM is configured via 5 parameters: Alpha: Min/max allocation of each asset within the pool,...
DFX 2021 Roadmap
Website | Twitter | Github | Discord | Medium February was a spectacular month for DFX. DFX closed a $5M seed round led by Polychain Capital and True Ventures. Our liquidity mining program went live and now DFX has almost $40M locked in liquidity pools. I wanted to take some time right now to recap some of the events that led up to our launch and lay out the roadmap for the future. — The Journey - DFX was incubated in the midst of DeFi Summer with lots of sleepless nights keeping up with the latest yield farming projects and strategies. At the time, I was building a DeFi on/off ramp that helped users buy and sell stablecoins using Canadian Dollars. As part of the business, we managed a treasury of Canadian Dollars and USD-denominated stablecoins. Like an AMM, we kept a balance of the liquidity in both pools and managed FX risk between the two assets. Inspired by the Cambrian explosion of DeFi innovation around us, we thought if there was a Canadian Dollar stablecoin, all of the liquidity management could be automated in a smart contract. And thus DFX was born. We architected the basic concept of DFX, reviewed different tools available on the market and concluded that there was simply no product on the market that could operate this kind of FX exchange efficiently. Uniswap, which is architected for the highly volatile crypto market, would not provide the same capital efficiency for FX transactions as FX does not have t...
Website | Twitter | Github | Discord | Medium — What is DFX? - While most stablecoins today are pegged to the USD, this leaves out the rest of the world. DFX is here to change that.DFX is a decentralized foreign exchange protocol focused on foreign stablecoins. In the coming months and years, the team will focus on three key aspects of the ecosystem: Building a hyper-efficient AMM optimized for foreign stablecoins, Seek out stablecoin issuers around the world and their on/off-ramps, Incentivizing and bootstrapping liquidity for these stablecoins, The eventual AMM will also make use of a dynamic bonding curve constantly adjusted by oracles connected to real-world FX feeds. More technical details will be released soon. — A serious undertaking - The goal of DFX is to develop foundational infrastructure (read: money lego) for the DeFi ecosystem. To that end, we have secured funding and partnerships with a number of strategic players in the industry. A separate blog post will be released in a few days to announce our funding round and partners. While some DeFi projects choose not to take on external funding, our decision to do so was primarily motivated by the strategic advantage of these investors. For example, we are working with stablecoin issuers in various countries covering multiple continents to provide access to domestic markets with local on/off-ramps. Many of our investors have these global connections an...
More DFX Finance (#DFX) News
|SEC Deems DASH, ALGO, and OMG 'Unregistered Securities' in Bittrex Lawsu...
According to the recent complaint by the U.S. Securities and Exchange Commission (SEC) against Bittrex, the securities regulator insists that a few crypto asset tokens were offered and sold as investment contracts and are securities. The news follows the SEC's designation of several crypto assets as securities, including the case against Terraform Labs, which insists that LUNA and UST were sold as unregistered securities. Additionally, a lawsuit initiated by New York attorney general Letitia James against Kucoin insists that ethereum is also an unregistered security.Lawsuits Against Crypto Exchanges Bring Lack of Clarity Over Security vs. Commodity Status to the Forefront
This year, U.S. regulators are designating a number of crypto assets as unregistered securities, and the allegations are buried in lawsuits against several crypto exchanges. Bittrex is the latest crypto exchange to be sued this year, following lawsuits against trading platforms such as Binance US, Kucoin, and Coinex, after the SEC accused Bittrex of operating 'an unregistered national securities exchange, broker, and clearing agency.' In the lawsuit against Bittrex, the SEC insists that DASH, ALGO, TKN, NGC, and OMG are unregistered securities.
As an example, on page 35, the SEC emphasized that 'investors in OMG had a reasonable expectation of profits based on the efforts of others' while discussing the Omisego Project. The securities regulator claims that 'materials available at the time of the [initial coi...
|Bittrex Fined With $53 Million For Violating Anti-Money Laundering Laws
Cryptocurrencies are supposed to be censorship resistant... Cryptocurrency exchanges, not so much. Bittrex found this out the hard way after a record fine imposed by the U.S. regulators.
On October 11, the U.S. Department of the Treasury's Office of Foreign Assets Control (OFAC) and the Financial Crimes Enforcement Network (FinCEN) announced that Bittrex, a Washington-based cryptocurrency exchange, will be fined $53 million for violating multiple securities laws.
According to the statement, Bittrex violated sanctions laws and anti-money laundering obligations, resulting in two fines of more than $24 million and $29 million, respectively. This would be the largest enforcement action ever imposed by the OFAC on a cryptocurrency exchange.
Sanctioned Countries Moved Nearly $263 Million in Bittrex
According to the OFAC, Bittrex allowed individuals from Crimea, Cuba, Iran, Sudan, and Syria to use its platform to move nearly $263,451,600.13 between March 2014 and December 2017.
Bittrex agreed to pay $24,280,829.20 to the U.S. regulators for making 116,421 apparent violations of multiple sanctions programs and $29,280,829.20 for its willful violations of the BSA's AML program and SAR requirements.
The fine emphasizes the importance of implementing appropriate controls in compliance with the Bank Secrecy Act's (BSA's) anti-money laundering (AML) sanctions and obligations to the crypto industry, according to OFAC.
It further stated that 'inaction,' lack of proper background research, o...