DeFiChain Blog

What would DeFiChain be today without a strong and forward thinking community – one determined to further push the decentralization efforts in order to become the number one DeFi protocol for financial applications. Back in Q1 we outlined our ambitions to convince more external developers to build their own dApps and programs on top of the DeFiChain blockchain by encouraging them to apply for funding via the community development fund. This fund, holding a bit more than 14m DFI and continually growing with each block, is reserved for community purposes only. Its sole objective is to incentivize developers and the greater DeFiChain community to participate in activities that are beneficial and supportive to DeFiChain’s long term goals. The following projects were the first to be successfully funded by the community development fund. These projects should not go unnoticed, because they offer considerable value to the community. If you are now also interested in starting a project in the ...

Our team has been working relentlessly to follow through on our promise to make DeFiChain one of the most secure blockchains for financial applications. We have been pulling together our internal resources to push the frontiers of #nativeDeFi even further towards mainstream adoption. Thousands of working hours have been invested by our team to make decentralized stock trading, atomic swap transfer options, and many more groundbreaking real world applications accessible to our community. Hence this quarter will not only be epic, but it’ll mark a decisive chapter in DeFiChain’s history! In the infographic below, you’ll find a quick overview about our upcoming launches and decentralized applications we are about to roll out. If you’d like to delve into more details, we kindly ask you to click on the respective links in the infographic. DFI Roadmap Infogram

In this five minute reading article, you’ll learn about: How DeFiChain currently handles the transfer of Bitcoins and other coins into its ecosystem. The future of sending Bitcoins and any other coins in a totally decentralized way into the DeFiChain ecosystem. Have you ever wondered why it is not possible to use Bitcoin directly on Ethereum, or why you can’t send Tether from your DeFiChain Wallet App directly to your Binance account? Well, the answer has to do with each coin's limited interoperability on different non-native blockchains, where coins based on one network cannot be simply transferred to another network. Wrapped tokens are a remedy to circumvent this limitation to be able to use non-native tokens on multiple different blockchains. What Are Wrapped Tokens? A wrapped token is a tokenized version of another cryptocurrency which is pegged to the value of the identical asset it represents on a different network and can be redeemed for the unwrapped version of the token at...

What an unbelievably exciting year for all of us who are contributing to DeFiChain. Who would have thought that our mutual baby would develop so quickly and become one of the most successful DeFi projects out there. It has been exactly one year today, when DeFiChain’s mainnet was launched on 11 May 2020, which also fell together with Bitcoin’s halvening day and the start of a new bull run cycle. We all had unforgettable moments — both joyful and fearsome — but we grew from it and got back from it even stronger. Blood, tears and sweat were shed, but we all had this grand picture in front of us: Developing the most secure and robust DeFi platform out there. To review the last year a little, we would like to take you on a journey through our most important milestones so far. Fasten your seatbelt and enjoy this new exciting journey, which turned exactly one year strong today and still has so much more great things ahead of it. DFI Birthday Infogram

To celebrate DeFiChain’s (DFI) anniversary, KuCoin has launched a celebration campaign to give away a reward pool of $50,000 in DFI to qualified KuCoin users. Learn more about DeFiChain (DFI): https://defichain.com Register for KuCoin here: https://kucoin.com The campaign will run from 10:00:00 on May 11, 2021 to 10:00:00 on May 18, 2021 (UTC). Activity 1: Net Buying Competition, Enjoy a $25,000 in DFI Prize Pool! The top 20 accounts with the highest net buying volume (buys - sells - withdrawals) of the DFI/USDT and DFI/BTC trading pairs on KuCoin will win a share of $25,000 in DFI! The rewards will be distributed as follows: Activity 2: Holding Competition, Enjoy a $15,000 in DFI Prize Pool! During the campaign period, KuCoin will take a snapshot of each user’s DFI balance each day at 16:00 (UTC). The top 20 accounts with the highest average holding amount of DFI per day on KuCoin will win a share of a $15,000 in DFI prize pool. The reward will be distributed as follows: *Snapshot Per...

The upcoming millionaire caste has more in common with the ‘degenerates’ from WallStreetBets heading for GME, XRP or Doge than with Wall Street gurus like Warren Buffett. Most of them funnel their retirement savings into cryptocurrencies such as Bitcoin, Ethereum or DeFiChain and are taunting the financial superstar investors for lacking so-called “diamond hands” and panic selling their stocks at the beginning of the pandemic. The Ordinary Joe Gets a Tesla Per Month For Free A fair bunch of them gather in Telegram chat rooms, vividly exchanging trading tips and mobilizing their peers to support and buy digital assets of all kinds. However, you can find them also in Telegram channels like the one of DeFiChain, where just recently someone wrote, “if I am not getting a Tesla from liquidity mining every month, then I am doing something wrong”. Decentralized finance (DeFi) is one of the hottest topics in the crypto world right now and DeFiChain is right in the middle and is playing in the s...