DeFiChain Blog

Three DeFiChain Improvement Proposal (DFIPs) and three Community Fund Proposals (CFPs) are up for vote in the latest governance voting round. DFIPs: Free Market - Remove Discount and Stabilisation – abolition of DEX stabilization and discount fees. Step 2 of opening Defichain to outside investors – lifting non-market-compliant regulations and manipulations. Re-peg and re-collateralize the dToken system as deterministically and effectively as possible, without permanent expropriation – structured and deterministic approach to stabilize DUSD. Stake 90% of USDT, USDC and USDC backings for DFI buy & burn – Use 90% of the idle stable coins to stake at Bake. Reorg usage of staking collateral to increase buy&burn dUSD – no longer burn the staking rewards from 'old' DFIPs as DFI, but to buy DUSD instead. CFPs: CFP: Public Community Liquidation Bot & DFI Liquidity for SeahorseFi.xyz Lending & Borrowing Market – building a liquidation bot, converting 50% of liquidat...

The vast majority of DeFi services rely on a service called “blockchain oracles.”  These are secure and reliable methods for blockchain applications to obtain financial data from external sources. While DeFiChain and the projects built on MetaChain have utilized DeFiChain's proprietary Oracles, developers from various projects have consistently expressed a need for an enhanced Oracle system.  This need has now been addressed with the integration of Supra and Pyth Network via Javsphere. Supra Rolls out DORA Price Feeds Supra's DORA (Distributed Oracle Agreement) price feeds have officially launched on DeFiChain, marking a significant stride towards improving the trustworthiness and reliability of data within DeFiChain's decentralized applications (dApps). Supra's DORA now delivers Oracle price feeds directly on the DeFiChain blockchain. These feeds bring several key advantages, including real-time data access, enhanced reliability, and seamless integration for developers...

Project Spotlight: MarbleFi Staking funds to run a masternode and secure the network often feels like locking away your crypto in a vault with limited utility.  But what if you could enjoy the benefits of staking without sacrificing flexibility? In this spotlight edition, we highlight MarbleFi, a Liquid Staking derivative provider that enables DeFiChain masternode holders to use their locked-up capital more effectively. What is MarbleFi? MarbleFi, a groundbreaking product from Birthday Research (the R&D division of Cake Group) is redefining capital efficiency in the DeFiChain ecosystem.  Traditionally, funds committed to DeFiChain's Masternodes were effectively locked up, limiting their potential for further utilization.  However, MarbleFi allows for an innovative solution that unlocks this capital It empowers users to leverage their funds for other decentralized finance activities while continuing to collect the underlying yield from their staked positions. Through i...

Four years ago, on 11 May 2020, the DeFiChain blockchain was born with the minting of its genesis block, marking the beginning of an extraordinary journey. Since that pivotal moment, DeFiChain has not only captivated the hearts of countless DeFi enthusiasts but has also emerged as a dynamic and ever-evolving blockchain ecosystem, seamlessly combining Bitcoin and Ethereum. As we reflect on this remarkable journey, it's inspiring to witness the numerous milestones and accomplishments the DeFiChain Labs team together with the DeFiChain community has achieved in the last 12 months. To commemorate these events, let's take a trip down memory lane and revisit the highlights of the past year, showcasing the key breakthroughs and significant milestones that have shaped DeFiChain.

Today, we shine the spotlight on CrowdSwap, an exciting new project revolutionizing the DeFi experience. CrowdSwap offers a comprehensive suite of products designed to simplify and streamline the world of decentralized finance.  Whether you're a curious newcomer exploring DeFi for the first time or an established business seeking cutting-edge solutions, CrowdSwap has got you covered. The Team Behind CrowdSwap Behind the success of CrowdSwap lies a team of visionary leaders and talented professionals who are driving the project's mission forward with unwavering dedication and expertise. At the helm, Christian, the co-founder and CEO, brings a wealth of experience from the web2 software development sphere. After founding several companies and spending years in the industry, Christian's path led him to the world of cryptocurrencies in late 2016 and early 2017. Fascinated by the immense potential of this emerging technology, he immersed himself in the space and ultimately conce...

Last week, the DeFiChain Labs team held their monthly Community Engineering Sync, providing updates on the current projects and initiatives the team is tackling. These included: Token Migration for Stock Splits A major focus has been properly handling token migrations for stock splits on the Changi test network. Jeremy has been refining this by upgrading the DST20 contract to have an additional "migrate tokens" method. This will trigger token transfers in and out of the contract, providing clearer logs and traceability on the EVM side when stock splits occur. EVM TraceTransaction Capabilities The team made solid progress on EVM trace transaction functionality. A separate branch (PR #2881) has this functionality implemented, though one remaining issue causes nodes to go out of sync when trace transaction calls are made. Jeremy will be taking over investigation and refinement of this over the next month. Here’s a list of the EVM TraceTransaction: Tracer tracker · Issue #2839 · ...