DeFiChain Blog

There are some slight revisions to the schedule for CFP/DFIP. The previous schedule can be found here . The latest revised schedule for CFP/DFIP can be found in the table below: Table 1: Schedule of CFP/DFIP DFIP/CFP Round: First round CFP/DFIP  Proposal Ingestion Period: 26 Jan 2023 (BH: 2620000) to 10 Feb 2023 (BH: 2661120) Valid Voting Period: 26 Jan 2023 (BH: 2620000) Till 24 Feb 2023 (BH: 2701440) DFIP/CFP Round: Second round CFP/DFIP  Proposal Ingestion Period: 10 Feb 2023 (BH: 2661120) to 6 Mar 2023 (BH: 2730000) Valid Voting Period: 10 Feb 2023 (BH: 2661120) Till 20 Apr 2023 (BH: 2860000) DFIP/CFP Round: Third round CFP/DFIP onwards Proposal Ingestion Period: 6 Mar 2023 (BH: 2730000) to 20 Apr 2023 (BH: 2860000) Valid Voting Period: 6 Mar 2023 (BH: 2730000) Till 4 June 2023 (BH: 2990000) It is important to note that the valid voting period is from the moment the proposal is created until the end of the voting period. However, the proposal must be submitted before the e...

In TradFi, negative interest is a phenomenon that occurs when a bank or financial institution sets the nominal interest rate below 0%. With a negative interest rate in the picture, banks and financial institutions effectively pay you to spend and take out loans - you basically earn free money to purchase your dream car or home. The beauty of negative interest also applies to the DeFi world. In fact, if you’re an active user of DeFiChain, now is a fantastic time for you to take out loans on the native stablecoin DUSD, as it’s recently racked up a significant negative interest rate of up to -66.68% in February - this is a tremendous spike from -13.95% recorded at the tail-end of January. Why is the negative interest rate on DUSD so high now? All thanks to DFIP #245, which was recently approved by the community. Under this DFIP, a portion of the DUSD purchased by the DUSD-burn-bot will now be channeled towards increasing the negative interest rate on DUSD loans. This is part of the reason...