Stellar Community Fund

FxDAO

Liquidity Award - '25 Q3

$50.0K

Supplemental Liquidity Award

Awarded

FxDAO's main goal is to give other projects the possibility to have transparent backed stablecoins for more denominations

Products & Services

The main improvement it brings to Stellar is that big holders of XLMs can borrow stablecoins from their holdings so they don't need to sell the collateral, this prevents increasing the sell pressure and the benefit is that it helps to keep the good mood across the ecosystem since most participants quit the community once XLM goes down.

Requested Budget

$50.0K

Go-To-Market Plan

Because FxDAO is a non profit LLC, it is not allowed to constantly market its tokens publicly. But what we have been doing is placing FxDAO assets in popular protocols so others can see them and increase awareness. Specially from the point of arbitragers because they try to keep the price accurate to the real world price