DFX is an Ethereum-based decentralized exchange protocol (like Uniswap) with a dynamically tuned bonding curve optimized for fiat-backed stablecoins (like USDC, CADC, EURS, XSGD, etc) using real-world FX price feeds.
The DFX bonding curve continually shifts to allow for the most efficient trades. This means users can get extremely close to spot prices while taking advantage of Ethereum's quick settlement finality.
The quantity of tokens in each pool acts as a fixed pivot point for the slope of the bonding curve, which dynamically changes based on an external price oracle.
The DFX token is the governance token for the DFX protocol. DFX will be controlled by a DAO where DFX token holders will be able to submit proposals and vote on protocol changes as a decentralized community.
