Make local stablecoin on and off ramps easier✨ ViFi Labs founders tonyolendo.eth varoun are building something amazing learn more about it 👇🏽

What if I told you that onchain FX works and could be 97% cheaper than existing onchain swap venues? In this post, we provide an overview of the ViFi mechanism design and breakdown the numbers of a swap for both the Nigerian Naira and the Trinidadian Dollar.

Only 12 countries in the world use the USD as legal tender and while others informally accept USD at tourist zones, majority of people's lives are priced in their domestic currency. No BRICS country is dollarised, local stablecoins reflect everyday life for most of the world.

Onchain fx is one of the final primitives for making money globally interoperable

🎙️ tonyolendo.eth, Co-founder, ViFi Labs Tony takes the stage at Oracle Summit! Join him at Ciudad Cultural Konex in Buenos Aires during DeFiConnect on 18 November. 🎟️ tickets.deficonnect.co

🎙️ tonyolendo.eth, Co-founder, ViFi Labs Tony will be on stage at Stable Summit! Meet him at Ciudad Cultural Konex in Buenos Aires during DeFiConnect on 18–19 November. 🎟️ tickets.deficonnect.co

🎙️ varoun, Co-founder, ViFi Labs Varoun is speaking at Stable Summit! Meet him at Ciudad Cultural Konex in Buenos Aires during DeFiConnect on 18–19 November. 🎟️ tickets.deficonnect.co

Let me tell you a secret everyone in emerging markets already knows: the dollar never has one price. Multiple markets, multiple rates, one reality. Onchain FX fixes this

They get it!!!!