The DeFiChain team has received notice from Gate.io regarding potential delisting of $DFI due to market liquidity concerns. We want to provide the community with transparent information about this situation and outline our response plan. What's Happening Gate.io has identified two specific issues with the $DFI coin: Insufficient market depth: The order book for DFI/USDT trading pairs lacks adequate depth. Significant bid-ask spread: The wide gap between buy and sell orders is negatively affecting trading experience. Gate.io has requested that these issues be addressed within 3 calendar days, or they may initiate the delisting process as part of their platform-wide risk management standards. Our Response Plan The DeFiChain team is taking this matter seriously and has already begun implementing solutions: Immediate engagement with Gate.io: We've established direct communication with the exchange to understand their specific requirements for market depth and spread improvement. Li...

The newest DFIP governance proposal marks a decisive advance in enabling native cross-chain asset movement. It taps into Crypto Factor’s INTERCHAIN infrastructure to seamlessly integrate wrapped crypto assets, streamlining transfers and enhancing interoperability across blockchains. A Four-Step Framework to On-Chain Listings With the integration of DMC support, DeFiChain users would then be able to move assets seamlessly between DeFiChain and other blockchains. This decentralised process, managed by Crypto Factor, ensures that the wrapped tokens (DATs) will maintain value and usability across both chains, offering real-time access to assets. Initiation by Economy SIG: The specialized Economy Special Interest Group (SIG) identifies a promising asset—say, Partisia’s MPC or Polygon’s POL—and submits a DFIP for Masternode voting. On-Chain Creation: Upon approval, the Development SIG (or, if absent, governance-key holders) invokes the creation of a new DAT contract on DeFiChain’s blockchai...

Over the past several weeks, the DeFiChain Labs team has engaged extensively with the DeFiChain core developers to regain access to the Google developer account, crucial for managing and maintaining the Android Light Wallet app. This account is essential not only for updates but also for securely transitioning the app's management to a new team. Despite diligent efforts, the recovery of login credentials has proven challenging. The urgency arises because the Google account must be verified by 27 May, and only the original account holder can complete this verification and transfer the account. Should recovery efforts ultimately fail, the community must be aware and prepared that maintaining the Android Light Wallet's availability and functionality will likely require an alternative approach. This alternative – similar to approaches taken by others like e.g. FTX in the past – would involve forking the current Light Wallet app. This scenario, though not our initial preference, rep...

On May 11, 2020, DeFiChain minted its genesis block, igniting the spark of a revolutionary journey. Five remarkable years later, DeFiChain stands proudly as a pioneering blockchain ecosystem that uniquely integrates the best features of Bitcoin and Ethereum. The Genesis Moment The inception of DeFiChain was more than just the creation of another blockchain; it was a transformative moment in decentralized finance (DeFi). DeFiChain’s goal has always been clear: to bring decentralized financial services to the Bitcoin ecosystem, seamlessly blending robust Bitcoin security with the versatility of Ethereum-like smart contracts. Five Years of Milestones and Achievements As DeFiChain celebrates this significant milestone, we look back at some of the most notable accomplishments that have defined its evolution: Launch of Decentralized Exchange (DEX): A cornerstone for DeFiChain users, enabling secure, swift, and trustless asset swaps. Asset Tokenization: Introducing tokens representing real-wo...