DeFiChain Blog

  Hey DeFighters, Today, we are absolutely delighted to announce that Litecoin Liquidity Mining is coming to DeFiChain! "When will it arrive?" we hear you ask — very soon! The new liquidity pool will be launching on Tuesday, 2nd February 2021, at 11:00 UTC! Deposits will be possible a few hours earlier already. Just like last time, during the week of the launch, Liquidity Mining rewards will temporarily be reduced to 1% (0.02 DFI / block) only. This is to ensure that anyone who is interested gets a fair chance to be able to participate in the pool (especially when rewards are increased). It also gives just enough time to understand how the system works. We will then increase the Liquidity Mining rewards from Tuesday 9 February 2021, at which point they users will be able to receive 100x the initial return — that's a whole 2 DFI / block in Liquidity Mining rewards! This is a big one, so we recommend that you begin your preparations. Download the DeFiChain App or register f...

In this four minute reading article, you’ll learn: How DeFiChain fits into the DeFi ecosystem DeFiChain’s mission and vision DeFiChain’s progress in the last 8 months since its mainnet launch How to measure the success of DeFiChain DeFiChain’s Mission and Vision in the DeFi Ecosystem Decentralized finance — or DeFi — refers to financial services using smart contracts, which are automated and enforceable agreements that don’t need a go-between like traditional central authorities such as governments, banks or lawyers. As such, it embraces the ecosystem of various financial applications which are built on top of blockchain networks without tapping into legacy financial infrastructure used by banks. From a social perspective, it can also be referred to as a movement which aims to create a non-custodial, open-source and transparent financial system, enabling frictionless access without relying on any central authority. To democratize finance, DeFi has to find new decentralized solutions fo...

In this four minute reading article, you’ll learn about: DeFiChain’s goals to further increase its generalization and decentralization efforts throughout  2021 The metrics and markers applied to achieve those goals Last year was undoubtedly successful for DeFiChain on multiple fronts. Without the joint effort of the engineering team and the greater DeFiChain community, DeFiChain would not be where it is today. Therefore, it may come as no surprise that the focus in 2021 remains on developing DeFiChain’s narrative to enhance its value proposition amongst those two key stakeholders. To achieve this, it is essential to focus on further increasing DeFiChain’s decentralization as well as its generalization efforts. Increase DeFiChain's generalization Most of the development work is currently carried out by the DeFiChain team itself. Yet this should change in an attempt to convince more external developers to build their own dApps and programs on top of the DeFiChain blockchain by encour...

In this four minute reading article, you will learn about: DeFiChain’s goals for 2021 The metrics applied to achieve these goals Goals for Q1 of 2021 The introduction of atomic swaps and the reduction of the masternode collateral are the two biggest and most prominent projects towards a more decentralized ecosystem in Q1, 2021. In addition, two more liquidity pool pairs as well as an ERC20 version of the DFI token will be introduced this quarter. DeFiChain will continue to develop these initiatives to further drive decentralization throughout Q2 and beyond. Several more lighthouse projects are in the pipeline, inter alia, aiming to bring stocks, currency and commodity trading to DeFiChain, and making  it easier to build on top of the DeFiChain blockchain. For more info on Q1 agendas, please refer to the following link: Insert link to Q1 article Goals for Q2 of 2021 Besides ongoing efforts being applied into updating and improving the DeFiChain app, the focus in Q2 will be on three ...

Hey DeFighters, Elon's final destination may be Mars, but with DOGE we're currently heading straight TO MOON 🚀🚀 So of course it didn't take long for DeFiChain to integrate DOGE Liquidity Mining directly on the DEX for APYs of over 420%!! Everything you need to know: 50,000 DFI to be distributed in total as Rewards. This amount will be sponsored by Cake DeFi. The community is invited to extend the Liquidity Mining program by donating some DFI themselves - some such generous DOGE fans have already been found! DOGE IS LOVE, DOGE IS LIFE! Deposits are already starting tomorrow! The first 24 hours 0.01 DFI blockreward, after that 1 DFI per block! The funding address: https://defiscan.live/address/dbzD1wUTqb1WQLHv9jz5M2fMF1h9VqaXyK If you want to provide DFI for DOGE Liquidity Mining, this is the donation address: dbzD1wUTqb1WQLHv9jz5M2fMF1h9VqaXyK Don't forget to Download the DeFiChain App or Register for an account with our trusted partner Cake DeFi, where you will be abl...

Join us for a live AMA with DeFiChain Chairman, Dr. Julian Hosp and KuCoin! Following the successful listing of DeFiChain’s native digital coin, DFI on KuCoin, there will be an AMA (Ask-Me-Anything) session tomorrow. When is it? Wednesday 27 January 2021, at 10:00 UTC | 11:00 CET | 18:00 SGT What to expect? During the AMA, Dr. Julian Hosp will be online and ready to answer your burning questions on DeFiChain, DFI, and the successful listing of DFI on KuCoin. So if you have any questions or topics you want to discuss, or if you just want to tune in and get the latest download on all things DeFiChain and DFI including some plans for the future, make sure to check it out! There will be 750 DFI up for grabs! So make sure you join in on the conversation and ask the questions you want answered! How to participate? Simply join the KuCoin Exchange Telegram Group at: https://t.me/Kucoin_Exchange More information here: https://t.me/Kucoin_News/4789 Just in case you’re unable to join, don’t worry...

Today we are excited to announce that the DeFiChain coin — DFI — is being listed on one of the world’s largest and most popular crypto exchanges: KuCoin. TL;DR Trading will start tomorrow, at 10am UTC on Thursday 21 January, 2021 Wallets are LIVE already — start depositing your DFI right away! Soon after listing on Bittrex, DFI is now being listed on another tier 1 crypto exchange. Since our first coin listing, we’ve gone on to launch a fully operational DEX, Liquidity Mining, and the DFI price has increased by several hundred percent. DeFiChain is on a roll! Bittrex first, KuCoin second, who’s next? 🚀 In October, we announced DFI was being listed on its first tier 1 exchange: Bittrex. Now DFI is already listed on KuCoin, another leading crypto exchange, with over 6 million users worldwide. Even more impressive is DeFiChain’s own development within this short time period. DeFiChain is on a roll Following the Bittrex listing announcement from October 2020, we said that the team was wor...

In order to give our community and partners full transparency into what’s happening in front and behind the curtain at DeFiChain, we would like to publish our quarterly board report. For more information on the project please visit: https://www.defichain.com Q4 Transparency Report Video: Join us LIVE to discuss the Q4 Transparency Report on 13th January 2021 at 8pm Singapore Time: We hope you appreciate the insights! Thanks for your support and happy reading — Have fun! :) DISCLAIMER This transparency report does not constitute nor imply a prospectus of any sort. No wording contained herein should be construed as a solicitation for investment. Accordingly, this transparency report does not pertain in any way to an offering of securities in any jurisdiction worldwide whatsoever. Rather, this transparency report constitutes a description of the development and distribution of DeFiChain. Do not trade or invest in any coins, companies or entities based solely upon this information. Any inv...

DeFiChain was the best performing new Blockchain of 2020. Since its launch last May, the DFI coin increased by 1500% - but what is the hype all about, and will it continue to perform this well in 2021? DeFiChain increased 15x in 2020 - but why? The value DeFiChain creates There are 6 main use cases of DeFi (Decentralized Finance). Creation of value Transfer of value Lending of value Exchanging of value Investing in value Predicting value All, of course, in a decentralized and trustless manner. Now, Bitcoin serves two of these purposes: The creation of value and the transfer of value. There is no more reputable, better suited cryptocurrency for these two functions. But what about the other 4 use cases? Ethereum and some other blockchains are good candidates for the prediction of value via so-called “smart contracts”. But what about the rest? DeFiChain solves the other 3: Decentralized lending, exchanging, and investing via a decentralized exchange that offers tokenized assets and lendin...

The voting on DeFiChain Improvement Proposals 3, 4, 5 and 6 as well as Community Development Fund Proposal 1 has ended, and we are happy to announce that all proposals have been successfully approved! Voting Results Out of 16 Masternodes, 15 approved and 1 rejected DFIP 3. Out of 15 Masternodes, 14 approved and 1 rejected DFIP 4. Out of 16 Masternodes, 14 approved and 2 rejected DFIP 5. Out of 16 Masternodes, 13 approved and 3 rejected DFIP 6. Out of 16 Masternodes, 15 approved and 1 rejected CDFP 1. What will happen next DFIP 3 will be implemented this January, which means that the Liquidity Mining rewards will be kept at 100 DFI / block without any prior reduction. DFIP 5 & 6 will be implemented in Q1 2021, adding BCH and LTC support to the DEX & liquidity mining pools. DFIP 4 will be implemented at the beginning of Q2 2021 and reduce the collateral required to run a masternode to 20,000 DFI. And lastly, CDFP 1 has been approved and Daniel Zirkel will receive 10,000 DFI by th...