DeFiChain Blog

The dToken system has long been a pillar of the DeFiChain ecosystem, but past decisions have led to challenges that have hindered its effectiveness. With the recent implementation of the DeFiChain Improvement Proposal (DFIP), there is renewed hope as the restart appears to be guiding the system toward a more sustainable and robust future. The Core Challenge The core issue lies with DUSD, DeFiChain's semi-algorithmic stablecoin, which has struggled to maintain a consistent peg to the US dollar. Prior to the dToken restart, stabilization efforts depended heavily on the actions of market participants, introducing an unpredictable and unreliable mechanism. This lack of certainty undermined the peg's stability. Compounding the problem, tools like dynamic interest rates and fees proved ineffective against the overwhelming liquidity of algorithmic DUSD in circulation. Despite good intentions, the system failed to sustain adequate collateralization levels, leaving the peg unstable and ...

Super Micro Computer (SMCI) has taken a bold step to make its stock more accessible to a wider pool of investors by initiating a 10-for-1 stock split on October 1, 2024. For every SMCI share held pre-split, shareholders now own ten shares at one-tenth of the original price.  Today, November 5 at block height 4,481,500, the stock split will be reflected on DeFiChain. Holders of dSMCI tokens will receive ten tokens for each token held pre-split, matching the adjusted price of SMCI shares.  What Traditional Investors Need to Know For traditional investors, this stock split serves as a reminder of SMCI's robust financial strategy. A split often signals a company's confidence in its trajectory, as it typically coincides with rising stock prices that may have become too high for casual investors. By lowering the per-share price, SMCI effectively broadens its appeal. Long-term shareholders stand to benefit from this influx of new investors, as higher participation can lead to increas...