Early in March, AMZN announced a 20-for-1 stock split. Though it will ultimately take place on 3 June 2022, it has already sent the stock on a rally not seen in recent months. In theory this should not happen, because a split doesn’t affect a company’s business fundamentals. Yet such splits  often cause day traders to pile in, fueling rallies like these. However, there is no change in the fundamentals that would justify such an increase, rather, the only thing that will happen is that each shareholder of AMZN in the traditional stock market will receive 20 shares for every 1 share of AMZN they currently own. The distribution from the stock split will take place at the close of business on Friday, 3 June 2022, and trading will begin on the split-adjusted basis on Monday, 6 June 2022, at 9.30 am ET (1.30 pm UTC). How does this affect dAMZN on DeFiChain? Since the minting of dAMZN is dependent on the price oracles of AMZN, a split without an adjustment on DeFiChain’s side would cause ...

After the recent turbulence surrounding the Luna ecosystem, we would like to have a closer look into what has happened there and explain the differences between the DeFiChain ecosystem and its different approach when it comes to the utility of the DeFiChain stablecoin DUSD. What has happened to the Luna ecosystem Over the last couple of days, Luna, one of the leading EVM blockchains, experienced a sharp decrease in the $LUNA price. As a result, its algorithmically pegged stablecoin called $UST lost its peg to the US dollar. Let us quickly have a look at what exactly has happened there: $UST stabilizes its peg by allowing anyone to redeem 1 $UST for $1 worth of $LUNA or 1 $LUNA for its equivalent value in $UST. To incentivise arbitrageurs, $UST must possess true utility. The main utility in the Luna ecosystem is derived from the Anchor protocol, which guarantees a 19.5% yield and is currently responsible for more than 50% of $UST’s circulating supply. However, Anchor’s dominance over $U...

On this day, 2 years ago, the first block of the DeFiChain blockchain was minted. Since then, it has established itself not just as a highly popular platform among DeFi enthusiasts but - and perhaps most importantly - one of the world’s best performing and well-utilized blockchains today. Indeed, one can’t help but reflect on the memorable milestones that the amazing team behind DeFiChain has managed to achieve in the previous year. In fact, below is an infographic that summarizes the notable highs and remarkable feats that transpired in the year that was. 2yr anniversary Infogram With that, we take this opportunity to sincerely thank everyone - our team members, DeFiChain community members and all stakeholders - for their much valued support. Truly, our success is your success. Once again, thank you so much. Please keep posted for more exciting updates as we look forward to another year of amazing achievements and innovation.