Gauge Proposal Template:
DFX Finance’s proposal to add gauges for the DFX/ETH 50/50 [ETH] and DFX/TEL/USDC 40/40/20 [POL] pools
DFX Finance is a decentralized foreign exchange (FX) protocol that facilitates the seamless exchange of fiat-backed stablecoins denominated in a growing number of currencies. Using a hyper-efficient AMM, optimized for low volatility trading, DFX provides FX swaps with rates that will beat any bank, money changer, or FX platform. DFX Pools currently have over $40M in TVL. DFX is the governance token of DFX Finance which allows users to vote on protocol changes and initiatives of the DAO, and also allows users to receive boosted emissions on deposits within the DFX ecosystem.
Price History DFX:
Price History for DFX can be found on Coingecko
The DFX/ETH 50/50, and DFX/TEL/USDC 40/40/20, needs incentivization to migrate meaningful amounts of liquidity over to the Balancer ecosystem, and to bring higher trading volumes to Balancer. As well, DFX Finance is committed to engage in the Hiddenhand Finance ecosystem in a meaningful way to further deepen DFX liquidity onchain.
Governance: DFX tokens serve as the governance token for the DFX Finance protocol. DFX token holders can vote on governance proposals through DFX’s snapshot. DFX forum is also used to discuss potential protocol changes and improvements.DFX Finance also has plans to transition to a veDFX model to further improve on decentralizing governance of the protocol.
Oracles: DFX token does not rely on any external oracles. The DFX stablecoin pools uses Chainlink for its real world forex price feeds to facilitate efficient stablecoin swaps close to the spot price. The feeds can be found here: Decentralized Price Reference Data | Chainlink
Audits: DFX has engaged with multiple auditors including engagements with Trail of Bits, Haechi, and Zellic to audit the DFX smart contracts.
Centralization vectors: Treasury functions are controlled by a 2/4 multisig including treasury yield farming, and paying bribes.
Market History: DFX has been transferable since March 2021. The oldest DFX pool on Balancer is 230 days old, with the highest daily volume of $4M. There is currently $420,000 worth of DFX liquidity on Balancer.
Root Gauge: N/A
Root Gauge: 0xead3c3b6c829d54ad0a4c18762c567f728ef0535