DeFiChain Blog

 LAST UPDATED: 18 August 2022 Various companies have announced stock splits over the past year. Companies split their stocks for multiple reasons such as making their stock prices look more attractive to investors. Although the number of shares outstanding increases by a specific multiple, the total dollar value of all shares outstanding remains the same because a split does not fundamentally change the company's value. Changes like these have to be properly implemented on DeFiChain as well. As a result we came up with a process that applies to all future stock splits. How do stock splits affect dTokens on DeFiChain? Since the minting of dTokens are dependent on the price oracles of the underlying, a stock split without adjusting the respective dToken would cause severe issues, resulting in a wrong price of previously minted dTokens. Hence, a split is inevitable to keep the respective dToken’s price in line with its underlying. A stock split follows a standardized procedure on DeFi...

Throughout the last couple of weeks, nearly all stablecoins encountered some turbulent times. Some had to do with bad tokenomics, others were due to FUD. Hence, this blog post aims to explain how the recently implemented DeFiChain Improvement Proposals (DFIPs) will stabilize the price of DUSD and what users should do next. Status quo and what has happened? Let’s quickly look a few months back, when the DUSD price oscillated around US$1.20 and stayed there for quite some time before successful implementations were introduced that brought the price down to US$1. Now, we have the exact opposite scenario: Instead of +20%, DUSD is trading around US$0.80 prices for the last few days. As a result, the community put their heads together and came up with some well-thought-out DFIPs that have been voted on last week by the masternodes and have been implemented today to bring the DUSD price back to 1 USD. In this blog post, you can find a summary of these proposals; today’s blog post will take a ...