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Showing posts from March, 2025

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DFIP Spotlight: Improving the Handling of Community Fund Proposals (CFPs)

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The DeFiChain community has proposed a significant improvement aimed at bolstering transparency, accountability, and integrity in handling Community Fund Proposals (CFPs).  This latest DeFiChain Improvement Proposal (DFIP) introduces structural adjustments designed to align CFP standards with those of DFIPs, reflecting a mature and responsible approach toward decentralized governance. Raising the Bar for Governance Currently, CFPs only require a 50% approval rate from Masternodes (MN), creating inconsistencies and potential vulnerabilities in fund allocations. This new DFIP proposes to elevate the approval threshold to 66.67%, harmonizing it with existing DFIP standards. Such a change ensures that only proposals with broad and solid community support receive funding, safeguarding against insufficiently vetted projects. Structured Milestone-Based Payments A cornerstone of the new DFIP is introducing structured payout models. Any CFP requesting more than $3,000 must establish tranche...

CFP Spotlight: Provision of Oracles for DeFiChain

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DeFiChain is advancing towards greater stability, security, and reliability through a Community Fund Proposal (CFP), which aims to sustain and enhance oracle services. Oracles play a vital role by delivering accurate, real-time price data to the DeFiChain ecosystem, powering decentralized financial applications. Why is the Oracle Infrastructure Essential? Accurate price information forms the backbone of decentralized financial services such as lending, swaps, and dToken trading. Currently, DeFiChain relies on external oracles to provide these price feeds, which require robust infrastructure to operate effectively. However, running oracles incurs substantial ongoing costs, including: Server hosting and infrastructure maintenance Access to external data sources (like Binance, CoinGecko) Constant monitoring and maintenance Implementation of robust security and redundancy measures How Will This CFP Enhance Oracle Operations? This Oracle CFP seeks to establish a sustainable funding model th...

A Closer Look at the April DFIP & CFP Voting Round

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Two DeFiChain Improvement Proposals (DFIPs) and five Community Fund Proposals (CFPs) are up for vote in the latest governance voting round. DFIPs: Improving the Handling of CFPs and DFIPs Deprecation of All Pools Involving dCryptos CFPs: Oracle Data Servicing 2025 Ensuring Maintenance & Compliance of Light Wallet App Store Listings & Dedicated Company Setup AI X DeFiChain: AI-Powered Knowledge Hub Chatbot for Onboarding and Education Effective Maintenance and Compliance of DeFiChain Light Wallet Follow-Up Proposal: Request for Additional Developer Resources to Ensure Network Resilience and Infrastructure Stability DFIPs DFIP 1: Improving the Handling of CFPs and DFIPs This proposal aims to improve transparency, accountability, and governance in the handling of CFPs. The changes include increasing the approval threshold, introducing milestone-based fund releases, and requiring mandatory reporting for CFP recipients. Key Changes: Approval Threshold: Increased from 50% to 66.67% o...

Governance Vote Results For February Voting Round

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The latest governance voting round on DeFiChain has concluded, revealing the community’s stance on key protocol improvements. Here are the results: DFIPs DFIP 1: Increasing DUSD Minting — Automatic Repay of DUSD Loan This proposal introduced an "Auto-Payback with Collateral" mechanism as an alternative to immediate liquidation. The mechanism aimed to enhance user security while ensuring systemic stability by automatically repaying DUSD loans with available collateral. Yes: 59.12% (389 votes) No: 40.88% (269 votes) Neutral: 1,793 votes 🔴 Rejected as it did not meet the required 66.67% approval ❌ DFIP 2: Adjusted Fee Structure to Enhance DUSD Liquidity & Trading Volume To refine the existing dynamic fee structure for DUSD, this proposal sought to stabilize the ecosystem while ensuring active trading volume and maintaining essential controls over gateway pools. Yes: 98.46% (2,114 votes) No: 1.54% (33 votes) Neutral: 305 votes 🟢 Approved with strong majority ✅ DFIP 3: Estab...