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Showing posts from June, 2025

Last DeFiChain News Show

DeFiChain News Show: Tokenomics, Website, And More!

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Welcome to the DeFiChain News Show summary - your go-to source for all the latest happenings in the DeFiChain ecosystem. Each week, we bring you the most important updates, developments, and critical announcements that every DeFiChain community member needs to know. In this edition, we cover the ongoing tokenomics discussion, the revamp of the website, and Crypto Factor's expansion with a dedicated Labs division. Community Leads Tokenomics Discussion The DeFiChain community has initiated constructive discussions around tokenomics improvements in a collaborative chat called "Future." This open forum allows all community members to participate directly in shaping the project's economic framework. Key Discussion Points: Activation of decentralized real-world asset systems Stability fund implementation to maintain DUSD pricing near $1 Dynamic interest rate mechanisms for supply and demand balance Reduction of interest rates from 5% to 0.5% to encourage borrowing The commu...

Results for the July DFIP & CFP Voting Round

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One DeFiChain Improvement Proposal (DFIPs) was up for vote in the latest governance voting round and here are the final results. DFIPs: Listing of New Wrapped Crypto Tokens DFIPs DFIP 1: Listing of New Wrapped Crypto Tokens 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 blockchain. Token Issuance & Custody: The Economy SIG sets the initial supply based on market demand; tokens ...

A Closer Look at the July DFIP & CFP Voting Round

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One DeFiChain Improvement Proposals (DFIPs) is up for vote in the latest governance voting round. DFIPs: Listing of New Wrapped Crypto Tokens DFIP 1: Listing of New Wrapped Crypto Tokens 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 blockchain. Token Issuance & Custody: The Economy SIG sets the initial supply based on market demand; t...

DeFiChain News Show: dCrypto Depreciation Updates And More!

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Welcome to the DeFiChain News Show summary - your go-to source for all the latest happenings in the DeFiChain ecosystem. Each week, we bring you the most important updates, developments, and critical announcements that every DeFiChain community member needs to know. In this edition, we cover an urgent dCrypto deprecation deadline, trading competition results, Meta Chain progress, and active community discussions shaping the future of DeFiChain. dCrypto Deprecation - Less Than 1 Month Left Critical Deadline: July 4, 2025 DeFiChain users have less than one month to exchange their dCrypto tokens before they become permanently unusable. Affected Tokens: Bitcoin (dBTC), Ethereum (dETH), USDT (dUSDT), USDC (dUSDC), Litecoin (dLTC), Solana (dSOL), Bitcoin Cash (dBCH), Dogecoin (dDOGE), and other dCrypto tokens. What You Must Do NOW: (What to do/Why it matters) Audit every wallet (mobile + desktop) for dCryptos Hidden dust becomes worthless after deadline --------------------------------------...

Execution of Approved DFIPs for dCrypto Deprecation and Collateral Phase-Out

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Two community-approved DeFi Improvement Proposals (DFIPs) will now be executed. They affect every dCrypto asset, introducing a structured phase-out from liquidity pools and vault collateral. DFIP 1 — Deprecate All Pools Containing dCryptos Governance vote details All dCryptos are flagged deprecated after 86,400 blocks (≈ 30 days). Swap functionality for these pools stops after another 86,400 blocks (≈ 60 days from now). DFIP 2 — Remove Deprecated Tokens as Vault Collateral Governance vote details Collateral factor for each deprecated token drops automatically by 0.01 per day over 100 days. The process begins at block 5,082,400. Timeline at a Glance Event Block Approx. Date & Time (CEST) Deprecation flag activated 5 082 400 Wed 4 Jun 2025 04:29 Collateral reduction begins 5 082 400 Wed 4 Jun 2025 04:29 Swap functionality disabled 5 168 800 Fri 4 Jul 2025 04:28 What You Need to Do Liquidity Providers Withdraw liquidity from affected pools before 4 Jul 2025 to avoid be...