WallFreeX is the next-generation decentralized exchange (DEX) built on the Conflux network, aiming to be the foundational layer of a truly borderless, efficient, and open on-chain foreign exchange (Forex) market.

Vision: Unleashing borderless finance

WallFreeX was born from a simple yet powerful belief: the combination of fiat-backed stablecoins and decentralized finance (DeFi) protocols is key to building the next generation of global financial infrastructure.

The mission goes far beyond simple token exchange. We are building a complete on-chain foreign exchange market. Imagine being able to trade any global currency pair (from Euro/offshore RMB to GBP/JPY) in spot forex pairs, perpetual contracts, or options, with extremely low fees, near-instant settlement, and no permission required. This is the future that WallFreeX is creating.

Engine: Concentrated liquidity, optimized for foreign exchange

The core of WallFreeX V1 utilizes the proven Uniswap V3 concentrated liquidity model, optimized for stablecoin trading on Conflux.

  • Maximizing capital efficiency: Liquidity providers (LP) can deploy funds within a custom price range (e.g., CNH/USDT price range). This precision allows LPs to provide deeper liquidity with less capital, significantly reducing slippage for traders.

  • Flexible fee tiers: Multiple pools with different fee tiers (0.01%, 0.05%, 0.30%) can exist for the same trading pair to accommodate highly correlated stablecoins or less correlated foreign exchange pairs.

  • Built on Conflux, designed for scalability: The choice of Conflux is due to its high throughput (over 3000 TPS), extremely low latency, and low transaction fees—ensuring seamless connectivity and a CEX-like user experience. Its EVM compatibility ensures that users and developers from the Ethereum ecosystem can easily access it.

The Road Ahead: Roadmap

Phased rollout aimed at ensuring stable and secure growth:

  • Phase One: Launch (Q3 to Q4 2025): Mainnet launch, including core stablecoin pairs, liquidity mining, and trading mining.

  • Phase Two: Growth (Q1 to Q2 2026): Expansion to more foreign exchange stablecoins (Euro, Yen, Pound, Won), launch of DAO governance.

  • Phase Three: Expansion (Q3 2026 - Q4 2026): Advanced order types (limit orders), mobile applications, and cross-chain liquidity integration.

  • Phase Four: Maturity (After 2027): Launch of foreign exchange derivatives (perpetual contracts, options) and cross-chain margin trading.

Original link: https://medium.com/@wallfreex/introducing-wallfreex-building-the-on-chain-forex-market-of-tomorrow-bfe4159917ba