DFX Finance

DFX Finance, a decentralized foreign exchange protocol for fiat-backed stablecoins, has announced a deflationary token burn mechanism. Starting with the new EPOCH, the protocol will burn twice the number of rewards distributed to the distributor contract each week. Currently, this amounts to approximately 139,970.54 DFX tokens, or 0.0139% of the total supply per week, or 0.0556% per month. The move is part of the protocol's 'Burn the boats' strategy.

DFX Finance, a decentralized foreign exchange protocol for fiat-backed stablecoins, has announced a plan to burn unallocated tokens in its treasury. The initial phase, dubbed 'Phase 1', involves burning twice the number of rewards distributed since the launch of v3, approximately 3,055,434.30 DFX tokens, which constitutes 3.079% of the total supply. After the completion of Phase 1, the protocol will move on to 'Phase 2', though details of this phase have not been disclosed yet.

Today, Bitcoin will undergo its fourth halving event, reducing the block reward from 6.25 BTC to 3.125 BTC. This periodic reduction in the supply of new bitcoins is a key feature of the cryptocurrency's design. Additionally, DFX Finance, a decentralized foreign exchange protocol for fiat-backed stablecoins, is set to launch Phase 1 of its platform tomorrow, though details of this phase have not been disclosed.

DFX Finance, a decentralized foreign exchange protocol for fiat-backed stablecoins, has announced that its DFX (L2) token is now supported on the Telcoin app. Users can securely store their DFX tokens and enjoy the benefits of decentralized finance without complexity. This integration was made possible with the support of Telcoin, advancing the DFX ecosystem.

DFX Finance, a decentralized foreign exchange protocol for fiat-backed stablecoins, has announced an increase in their Interac Request Money Transfer limit from $2,500 to $10,000. This change will allow users to send larger amounts in a single transaction, saving time and hassle. The company encourages users to try out the new higher limit on their platform.

Naira Coin (NGNC), a fiat-backed stablecoin redeemable 1:1 to the Nigerian Naira, has been launched on the Polygon blockchain networks. DFX Finance, a decentralized foreign exchange protocol, has introduced a Polygon NGNC/USDC liquidity pool with a total value locked (TVL) of $37,416.16. The platform is offering attractive rewards of up to 372.8% for staking USDC and NGNC pairs, allowing users to earn the DFX token. This move aims to provide true financial localization and expand beyond USD-pegged stablecoins.

DFX Finance is utilising the Chainlink CCIP mainnet for running transactions. DFX is a decentralized foreign exchange protocol enabling the exchange of fiat-backed stablecoins in various currencies.

The DFX Finance community is vibrant this morning with numerous notifications sparking discussions amongst members.

DFX Finance shared that rewards on the USDC/NGNC Pools have increased by 205%. Users are encouraged to stake their Dollar & Naira Onchain.

DFX Finance, a decentralized FX protocol optimized for stable coins, is now listed on UniDexAI. The collaboration aims to streamline and enrich the DEX trading experience for users, leveraging AI-powered research. This comes after a recent victory for the DFX community with over 20% majority.