DeFiChain Blog

TL.DR: Decentralized Assets (or dTokens) on DeFiChain are an entirely new and revolutionary form of crypto investment. These dTokens can be created (minted) by anyone on the DeFiChain blockchain, simply by first locking a minimum of 50% DFI (with the option to add more in BTC, USDT and USDC) into a vault. A dToken can then be minted and taken out in the form of a decentralized loan, which is collateralized by crypto. The price when minting a dToken is set by pricing oracles as a point of reference (for example, a TSLA oracle price is used to create dTSLA). A dToken can then either be held as an investment, traded on the DeFiChain DEX, or used for Liquidity Mining on the DEX. A dToken’s price moves freely and independently of the oracle price, depending on supply and demand of a given dToken on the DeFiChain DEX. In order to close a loan and get back the collateralized cryptocurrencies, the corresponding dToken has to be paid back with interest, all of which is visible when a user takes...

With one of our biggest launches ever just a few days away, we’d like to take this opportunity and give you an update on how the rollout of Decentralized Loans and stocks on DeFiChain will look like. Most of you already know that it’s currently possible to create vaults and take out Decentralized Loans via the command line, using the fullnode DeFi app (on the desktop). These loans do not yet support the whole spectrum of features as e.g. Liquidity Mining among other nice to have functionalities are not yet enabled. However, this will change in the coming days! In the following infogram you can see the gradual rollout of the most important and sought after features on DeFiChain. We have also geared up our internal processes and are confident to meet our deadlines. So expect nothing else than the biggest product launch in DeFiChain’s history. Everything is set up for a huge Liquidity Mining bonanza with initial returns beyond 1,000% APY. The #RoadTo50 is laid out and you could be part of...

With the festive season around us and the year about to come to an end, it’s time to reflect on all the great milestones the DeFiChain engineering team, together with our unique community, have managed to achieve. Without their relentless dedication towards building mind-blowing products and services, DeFiChain would not be here where it is today. November 6th marks a very special day in DeFiChain’s history as it is the second anniversary of the whitepaper publication. What once used to be a compendium of abstract concepts and ideas has evolved into a tangible outcome –– real products that are used by thousands of people worldwide. And the best part is: it’s totally decentralized and truly everyone with just an internet connection is able to use the amazing products built on the world’s first #NativeDeFi blockchain. Just recently, we announced one of the most anticipated updates in recent history. The Fort Canning update will bring new exciting products and services to DeFiChain. Decen...