DeFiChain’s highly anticipated hardfork went live on October 29th at block height 4,463,000, introducing a suite of enhancements aimed at refining the protocol, empowering users, and strengthening ecosystem integrity. Here’s a look at the key changes and their impact on users and the DeFiChain platform. Revamped Owner Rewards Calculation For some time, users have faced challenges with how owner rewards were distributed, stemming from calculation inefficiencies. This update resolves these long standing issues, ensuring a smoother, more reliable experience for token owners. The bug fixes associated with this feature will be fully deployed by the end of the week, delivering both transparency and ease of use. Impact: Simplified reward calculations Better user experience for all participants Token Ownership Update In a move towards more control over their assets, users will soon gain the ability to transfer data ownership. This update offers new levels of flexibility, empowering users to ma...

After a long hiatus, the Community X Space reconvened, offering insights, updates, and a platform for open dialogue among community leaders and users. This session highlighted the upcoming hard fork, the intricacies of the dToken restart, and a look at the ecosystem projects. A Major Hard Fork and What’s at Stake The long-awaited hard fork, scheduled for tomorrow, will take place at block 4,463,000—around 4:30 pm CET. This isn’t just another update; it’s a structural shift aimed at stabilizing block times and setting the stage for DeFiChain’s ambitious dToken restart. The hard fork is significant, not only for its technical improvements but also for introducing a more reliable block time system. This stability is expected to enhance transaction processing and overall chain performance. The dToken Restart: Preparing for a Complex Transition One of the most talked-about things of this update is the dToken restart, which – while included in the hard fork – won’t activate immediately. The ...

The DeFiChain Labs team recently held their monthly Tech Sync, offering valuable insights into ongoing projects and upcoming network enhancements.  Here’s a summary of the updates: The October Hard Fork: A Milestone Update The upcoming October 29 hard fork is by far the most extensive upgrade for DeFiChain so far. As the final major upgrade of the year, it introduces several crucial changes designed to enhance performance and decentralize governance. Here’s what’s included: Static Rewards ActivationThe shift to static rewards will take effect immediately with the hard fork, improving performance. However, users won’t notice the changes until they migrate from legacy addresses to updated ones. The dToken restart will further enforce these changes (more details in Point 5). Token Ownership Transfer & DeprecationToken ownership transfers will now be enabled, a long-awaited feature for users seeking greater control. Additionally, tokens marked as obsolete will receive an “EOL”...

As DeFiChain continues its journey towards further decentralization, the latest developments have sparked numerous questions from the community regarding cost reductions, team structure, and future plans. In this blog, we’ll address these concerns, providing a clearer picture of DeFiChain’s evolving strategy, and how the community will play a crucial role in its future. DeFiChain Lab’s Operational Costs A significant point of discussion has been the reduction of DeFiChain’s operating costs from approximately $2.4 million annually in 2024 to a projected $160,000 in 2025. However, these figures reflect different scopes and objectives. The Q1 2024 Community Fund Proposal (CFP) covered a wider range of operational expenses, including engineering and infrastructure, whereas the current Q3 2024 CFP , which is now up for a vote, focuses more narrowly on core administrative and operational tasks such as the website, social media, community management, marketing, and business development as out...

The DeFiChain Labs team recently held their monthly Tech Sync, offering valuable insights into ongoing projects and upcoming network enhancements.  Here’s a summary of the updates: Technical Updates: Laying the Groundwork Before we explore the governance changes, it's crucial to understand the technical updates that are paving the way for the governance upgrade: Changi Node Release: The latest node version has been released with improvements to the dToken system. Kügi has been leading the charge on restarting the dToken system on Changi. Bug Fixes and Optimizations: The team is actively addressing minor bugs and unexpected conditions, such as oracle downtime and token locking scenarios. Kügi and Peter have been working together to fix these issues. Token Restart: A major focus has been on optimizing the token restart process, aiming to reduce network downtime from a day to just a few minutes. The team is planning to set a couple of token splits post-restart to understand behavior a...

Today, we shine the spotlight on CrowdSwap, an exciting project revolutionizing the DeFi experience. One of its standout features is the Cross-Chain Bridge, which makes it easier than ever to swap crypto assets from one blockchain into the DeFiChain ecosystem. In this guide, we’ll walk you through how to use CrowdSwap’s Cross-Chain Bridge to convert your Ether (ETH) into DeFiChain’s native coin, DFI. Understanding Cross-Chain Bridges Cross-chain bridges are specialized decentralized applications (dApps) that enable the movement of assets from one blockchain to another.  By leveraging smart contracts, these bridges lock or burn tokens on the source chain and subsequently unlock or mint equivalent tokens on the destination chain. This process increases token utility by enabling cross-chain liquidity and expands the use cases of blockchain technology. CrowdSwap's Cross-Chain Bridge stands out for its ability to facilitate a wide range of transactions across multiple blockchains. Wheth...

As DeFiChain continues to evolve, the transition towards complete decentralization is a natural and necessary progression. To further this mission, DeFiChain Labs is proposing a pivotal step: severing ties with Bake/Cake Group and operating independently. This shift, backed by funding from the Community Fund, will ensure that all key operations remain stable while positioning DeFiChain for long-term, sustainable growth. This post explores the details of this proposal and its significance for DeFiChain's future. Overview of the Proposal DeFiChain has always been at the forefront of decentralized finance, fostering a vibrant ecosystem driven by community participation. To stay aligned with its commitment to true decentralization, the proposal seeks to establish DeFiChain Labs as a fully independent, community-backed organization, funded directly by the blockchain. The proposed funding requirement is 8,000,000 DFI to support one year of DeFiChain Labs' operations. This allows DeFi...