Decentralization reached a significant milestone for DeFiChain with the recent transition of its Light Wallet app. Previously one of the remaining centralized aspects of the network, the Light Wallet on the Apple Store has now been officially handed over to the community, specifically to a dedicated group around the Dex Trading Live (DTL) team.  Why the Light Wallet Matters The DeFiChain Light Wallet is an essential tool for users to manage digital assets, swap tokens, and actively participate in decentralized finance (DeFi) activities. By transferring control of this critical infrastructure to the community, DeFiChain takes a decisive step towards achieving its vision of a truly decentralized, self-sustaining protocol. The transition, meticulously coordinated by DeFiChain Labs, symbolizes collective decision-making at its best. The Community Has Spoken The decision followed a competitive voting cycle involving three Community Fund Proposal (CFP) submissions. The three proposals ca...

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: 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. Yes: 92.09% (524 votes) No: 7.91% (45 votes) Neutral: 249 votes 🟢 Approved with required min. 66.67% approval rate ✅ DFIP 2: Deprecation of All Pools Involving dCryptos Following the previous deprecation of XCHF and MATIC pools, this proposal seeks to retire all liquidity pools involving dCryptos to minimize risk and free up resources for more viable initiatives. Yes: 87.19% (558 votes) No: 12.81% (82 votes) Neutral: 171 votes 🟢 Approved with required min. 66.67% approval rate ✅ CFPs CFP 1: Oracle Data Servicing 2025 Reliable price feeds...

This CFP is identical to a CFP we featured a few weeks ago ; both are focused on ensuring the sustainable maintenance and compliance of the DeFiChain Light Wallet app available on Google Play Store and Apple App Store. However, recent developments warrant caution: the team behind this proposal indicated they might be unable to incorporate the proposed company in time, facing potential delays. They expressed uncertainty about meeting the crucial April 19 deadline, posing a significant risk for masternode holders who have yet to vote. Voters should carefully consider this risk, as delays could affect the timely takeover and continuous operation of the Light Wallet. Objective and Rationale The primary objective of this proposal is to guarantee continuous availability and adherence to compliance standards for the DeFiChain Light Wallet. Unlike another existing proposal requesting a higher DFI amount, this initiative reduces costs, proposing a streamlined budget of only 500,000 DFI at an as...

The DeFiChain community has proposed a DeFiChain Improvement Proposal (DFIP) to deprecate all liquidity pools involving dCryptos, such as DFI-dCrypto and DUSD-dCrypto. This step is consistent with a previously approved DFIP addressing the deprecation of XCHF and MATIC pools, highlighting DeFiChain’s proactive approach to maintaining ecosystem health and protecting user interests. Structured Deprecation Procedure The proposed implementation mirrors the process established in the earlier approved DFIP for XCHF and MATIC. It involves a transparent, phased approach designed to minimize disruption: Pool Deprecation Announcement: Provide clear communication at least 30 days in advance. Cease any new liquidity additions immediately upon announcement. Liquidity Withdrawal: Actively encourage liquidity providers (LPs) to remove assets promptly. Upon withdrawal, LPs receive their proportional shares, albeit recognizing that unwrapping of dCrypto tokens will be disabled, rendering them effec...