PFX
Bringing the classic Forex experience on-chain while giving the users more control of manipulation the broker can do.
What it is
We are all working towards a more decentralized future inside web3 ranging from RWA's to AI. But right now there is not really a place to speculate on forex in a 'forex way'. While you can trade/leverage 1-2 forex pairs (HIP-3) Hyperliquid, the experience of trading with forex-broker has not been implemented just yet.
PFX brings you this same forex experience with the same principles as forex trading while adding decentralized components like:
- Contesting your orders: users able to contest their order to verify if they really missed their order.
- Chainlink datastreams: providing users real-time verifiable price data.
This is possible with the price stream data from the datastreams being stored and used to contest against the user's complaint.
When the user is wrong with his contest it may negatively impact his balance. Example: (Entry -Price could had been more favourable for him)
If the user is right the user will get his desired outcome without any of the web2 customer support bull**** and web3 finality.
Web2
Example: User thinks he is stopped out too early Answer from CS (Customer support): We cant do nothing, our LP providers provide the spread.
Web3:
Example: User thinks he is stopped out too early Answer from Discord: All is final, we will check out if there is anything wrong with our backend.
Opening Finance and Providing transparency is the goal.
How it Works
Tech Stack: Using Golang & PostgreSQL and solidity
Chainlink Products: Datastreams (forex price data), CRE (Workflow Contest event).
Actors model : Hollywood Actor model for the trading engine.
Links
Created by
- Plairfx