DeFiChain News Show: dCrypto Depreciation Updates And More!
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:
| Step | What to do | Why it matters |
|---|---|---|
| 1 | Audit every wallet (mobile + desktop) for dCryptos | Hidden dust becomes worthless after deadline |
| 2 | Swap all dCryptos → DFI on the DEX | Last day to convert is July 4 |
| 3 | Pull liquidity from pools containing dCryptos | Swaps on those pools halt at deadline |
| 4 | Remove dCrypto collateral from vaults | Collateral factor is already shrinking daily |
| 5 | Pass the word to fellow holders | Protect others from stranded funds |
After July 4: No exchanges will be possible - tokens become worthless.
DEX Trading Master 12 Results
The latest trading competition (May 5 - June 4) concluded with impressive results:
| Rank | Trader | Highlight |
|---|---|---|
| 🥇 | Hulix | Clinched first place with consistent ROI |
| 🥈 | Mr. Piggy | Out-traded rivals in the final week |
| 🥉 | “Man of the Wood in the Chain” | Surprise podium finish |
100,000 DEX tokens, 10 Live Tokens, 10,000 Crypto Factor Tokens, and 1 million Tax Tokens distributed to participants
Meta Chain Development Update
Current Status:
- Crypto Factor conducting final mainnet testing with small user group
- Comprehensive educational materials being developed
- Focus on MetaMask integration and DFI transfers
Key Features:
- C Assets: One-to-one guaranteed parity with base tokens
- Cross-Chain: Seamless transfers to blockchains like Polygon
- EVM Compatible: Expanded DeFi opportunities
Resources Available:
- 2023 guide "How to Transfer DFI from DeFiChain Wallet to MetaMask" still valid
- New step-by-step documentation coming soon
Community Highlights
The DeFiChain Future Telegram chat shows increased activity with discussions on:
- DUSD mechanisms and stability
- Future development roadmap
- Real-world asset trading capabilities
- Enhanced long/short trading tools
Community members are actively exploring vault systems, future swap mechanisms, and price stability models.
Key Takeaways
Immediate Actions (URGENT):
- Convert all dCryptos to DFI before July 4, 2025
- Remove liquidity from deprecated pools
- Update vault collateral
Opportunities:
- Learn Meta Chain functionality for early adoption
- Participate in active community governance discussions
- Explore upcoming interchain capabilities
Next Updates:
- July 4, 2025: Final dCrypto exchange deadline
- June 16, 2025: Next DeFiChain news show
- Soon: Interchain launch after testing completion