The claim token issued against the post-incident recovery
Distribution start: Soon™
36,249,810DFX
0% claimed$0.00
$0
$0
$0
Progress to $1 Peg
| Date | Source | Amount | Tx |
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DFX is a claim token issued against the post-incident recovery.
One DFX is a 1:1 redeemable claim on the recovery pool. Each token is backed by the pool and can be redeemed as the pool is funded.
If the DEX market price is lower than the Pool Redeem Rate, redeeming directly from the pool yields a higher return per token. Trading on DEX is preferable if you require instant liquidity regardless of the discount.
The Redeem Rate is dynamically calculated by dividing the current pool liquidity by the total amount of outstanding IOU tokens.
Your DFX tokens are permanently burned (destroyed) on-chain upon executing a redeem transaction, and you instantly receive backed assets (stablecoins) in return.
Redeeming tokens below the $1.00 valuation permanently extinguishes part of the unbacked protocol debt. This reduces the total debt faster than treasury reserves are depleted, raising the backing ratio for remaining holders.
