Decentralized Currency Carry Trading- The trading opportunities for non-USD stablecoins and NZDS grow
The Decentralized Forex and non-USD stablecoin ecosystem is bubbling. New well-funded protocols are launching across platform blockchains, and volumes on incumbent protocols like DFX are surging. This article explores how traditional forex strategies like carry trading can work in DeFi and specifically with the New Zealand Dollar stablecoin.
The Future of FX – DFX is a DEX for stablecoins
DFX is an Ethereum-based decentralized exchange protocol with a dynamically tuned bonding curve optimized for fiat-backed stablecoins using real-world FX price feeds. Mainstream adoption of Web 3.0 requires assets that are protected from price volatility. By focusing on fiat-backed stablecoins on the Ethereum blockchain, DFX leverages the existing DeFi ecosystem to bootstrap humanity's next-generation foreign exchange.
