Sedge Deploys DFX on Base Network: A Grant Success Story
Sedge Deploys DFX on Base Network: A Grant Success Story
🌐 Base Gets Foreign Exchange
Sedge, a DFX grant recipient, successfully deployed DFX smart contracts on the Base network, enabling trading pairs for EURC/USDC and CADC/USDC. The implementation uses DFX v3 contracts and Chainlink Price Feeds for secure market data.
Key developments:
- Initial deployment focused on EURC/USDC liquidity
- Added CADC/USDC trading pair
- Utilizes Chainlink Price Feeds for CAD/USD and EUR/USD
- Serves as first gateway to DFX on Base
This deployment marks the beginning of expanding non-USD stablecoin accessibility on Base, with more integrations planned.
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. forum.dfx.finance/t/grant-reques…
Forex Market Volatility Increases Due to Tariffs
Recent tariff implementations are causing significant volatility in foreign exchange markets, particularly affecting EUR and CAD trading pairs. - Market conditions suggest increased hedging opportunities - Multiple trading pairs available across various chains - Platform access available via [Sedge.fi](https://sedge.fi/) **Key Considerations:** - Leverage trading carries substantial risk - Variable rate markets require understanding of mechanics - Proper research recommended before trading *For newcomers:* Consider reviewing the [comprehensive trading guide](https://medium.com/contango-xyz/the-ultimate-guide-on-how-to-contango-v2-a5489d4ca8a9) before starting.
DFX Token Migration Deadline
**Final Notice**: Today marks the deadline for upgrading old $DFX tokens to the new CCIP-enabled version. Key Points: - The upgrade optimizes cross-chain operations for better efficiency and security - Users who miss the deadline can still convert tokens via traditional Ethereum bridge - Migration process automatically converts old tokens - Support available through community channels - Detailed guide available at docs.dfx.finance *Users requiring assistance should consult the migration guide or reach out to community support.*
Weekly Top 3 APRs: 1GBP, NGNC, and GYEN Lead
DFX Finance has released its weekly top 3 APRs for September 26, 2024: - Poundtoken's 1GBP: 176% - Link_IO's NGNC: 143% - GMOTrust's GYEN: 105% These rates have remained stable compared to the previous week. Users can start participating in these high-yield opportunities through the DFX exchange platform. **Key Points:** - Consistent high yields for fiat-backed stablecoins - Opportunity for diversification beyond USD-pegged assets - Easy access via https://exchange.dfx.finance/pools *Consider exploring these options to potentially enhance your crypto portfolio's performance.*
Poundtoken's 1GBP maintains top APR at 127%
Weekly Top 3 APRs update:n n- Poundtoken's #1GBP: 127% n- Link_IO's #NGNC: 123% n- GMOTrust's #GYEN: 109% n nThis consistent performance shows stability in the top APR offerings. The 1GBP token has held its position at 127% for multiple weeks, demonstrating strong yield potential for GBP-backed stablecoins. n nNGNC and GYEN continue to offer attractive rates, providing opportunities for diversification across different fiat-backed stablecoins. n nUsers interested in these high-yield options can get started on the DFX Finance platform. n nAs always, conduct your own research and consider your risk tolerance before participating.