As one of the leading blockchains for DeFi applications, DeFiChain is putting its emphasis on building a safe and secure ecosystem for all its stakeholders. An integral part of this is a safe and state-of-the-art wallet with which users are comfortable to interact with while not sacrificing privacy and transparency standards. What are the advantages of the new Electrum wallet? DeFiChain Electrum wallet was developed to enable its user base full control over their money. This brand new wallet design builds on a multi-signature technology from Electrum to provide DeFiChain capabilities mainly for treasury use cases. As a result, users are able to split the permission to transact crypto assets between several wallets (i.e. cosigners). By “breaking up” the private key, multiple keys are needed to unlock the wallet and access the funds. Multisig allows users to rest assured that their funds are now even safer. Its  open source nature underscores this by allowing anyone to audit the code...

Last year was an incredible year for DeFiChain. Not only did the leading non Turing complete blockchain experience the highest development activity among major DeFi projects in 2021, underscoring the team’s effort to continuously push boundaries by developing and upgrading new exciting features that our community loves, but it also gained more widespread adoption among retail investors alike. Staying true to our road map means following through with amazing products and services that are based on sound community voting principles. Our goal has always been to deliver unique products with added value that live up to the highest safety standards, rather than chasing short lived crypto phenomena. This is also very strongly expressed in our roadmap for 2022. But before we start focusing on new, exciting challenges, we’d like to once again delve into the most important achievements that happened on DeFiChain last year. Without our amazing community and our engineering team, who have worked r...

This post-mortem article deals with the atomic swap exploit on the DeFiChain network that was brought to light on 2 January 2022. In the following sections, we will discuss what has happened, the various solutions to it, and most importantly — underscore the fact that all your dBTC are still backed. What has happened? On 2nd January 2022 the DeFiChain community discovered an anomaly in the amount of dBTC tokens (BTC tokens on DeFiChain). Upon investigation, the developers found out that an attacker has managed to exploit a bug in the atomic swap function of the DeFiChain blockchain that seems to have existed since June 2021. Atomic swap contracts were introduced with the Eunos Upgrade in early June. These contracts facilitate the trustless and decentralized exchange of cryptocurrencies between two distinct blockchains without having to place reliance on any intermediaries, e.g. BTC to dBTC. The main goals being addressed with “atomic swaps” are the matchmaking between buyers and seller...

TABLE OF CONTENTS What is collateralization? What is a liquidation and when does it happen? How does an auction work, and how do I participate in an auction? How do I place a bid on an auction? With the latest update, DeFiChain now supports the minting of Decentralized Assets via it’s proprietary loan mechanism. As a result, it’s now possible to mint, trade and even liquidity mine Decentralized Assets – also known as dTokens – with just a few clicks on your mobile phone, using our brand new DeFiChain light wallet. In our previous article, we already walked you through the process of creating a Vault, adding collateral to your Vault, and we even showed you how to take out a loan in the form of a dToken like dTSLA or dGOOGL. In this article, we would like to take a closer look at the mechanism behind Vaults and would like to address the following question: What happens when your collateral is no longer high enough to secure your loan? What is collateralization? Before we dive deeper into...

Decentralized Assets are live, and Liquidity Mining rewards for all dToken pools have started pouring in with hundreds of percent in annual returns for each of the pools, making it a very lucrative endeavour for all DeFiChain users. In this article, we will answer the most frequently asked questions (FAQs) about Decentralized Assets and Liquidity Mining with dToken. What are dTokens? Simply explained! When will the DUSD price be at 1 USD? What is the difference between buying dTokens on the Decentralized Exchange and minting them yourself with a Vault? Why are vaults halted? How does liquidation work? What is the liquidity mining block reward in DFI? What are the risks associated with Decentralized Assets? By how much should my Vault be over collateralized? What's the best strategy to make money with Decentralized Assets? If I mint a dToken (e.g. 1 dTSLA), how much do I then have to pay back? What are dTokens? Simply explained! dTokens allow you to get price exposure to Decentraliz...

We just introduced our new Liquidity Mining product on decentralized assets today. From now on, it’s possible to generate a regular income by utilizing the full potential of your decentralized assets such as dTSLA or dGOOGL with just a few clicks on your mobile phone using our brand new DeFiChain light wallet. DeFiChain’s Liquidity Mining on decentralized assets is based on its loan feature and follows sound game theoretical principles. All 15 newly introduced decentralized assets, also called dTokens, are trading against DUSD –– also a dToken, whose value is supposed to be very close to USD, but ultimately depends on demand and supply on the decentralized exchange (DEX). How comes that the DUSD price can diverge from 1 USD? Let’s say you would like to participate in the dTSLA-DUSD Liquidity Mining pool with your dTSLA tokens, then you also have to supply the same value of DUSD to be able to enter the liquidity pool and generate liquidity mining rewards in return for supplying liquidit...

In the last article, we explained what Decentralized Assets on DeFiChain are and how they work. Now, we are going to discuss why it may very well be possible to double your money with Decentralized Assets in the next few weeks alone, and how this is actually possible. Reasons why you might be able to double your money with Decentralized Assets As you learned in the last article, Decentralized Assets and with that liquidity pools will soon be launching on DeFiChain. Last year, when Liquidity Mining first launched on the Decentralized Exchange, we saw this happen with the DFI price: It went from just below 20 cents to over 2 dollars within weeks. Are we going to see the same this time around? Of course, nobody can predict that, and it is unlikely that history will repeat in the exact same way as it did before. But: history often rhymes. This time, there are more variables in play. Last year, when the Decentralized Exchange and Liquidity Mining on DeFiChain first launched, there were only...