Weekly Update - DeFi Meta Chain, On-Chain Governance And More

May 12, 2023

Hi, DeFiChain community!

We're delighted to bring you the latest developments and noteworthy happenings from our ecosystem. Here's what has been happening:

DeFi Meta Chain

We're excited to share that an explainer video on DeFi Meta Chain is now available on YouTube. This video provides a comprehensive understanding of the purpose, functionality, and potential of DeFi Meta Chain. If you're intrigued to know more about this significant feature of our ecosystem, you can watch the video here:

On-Chain Governance

The community-approved DeFi Improvement Proposal (DFIP) for reducing DUSD collateral factor from $1.2 to $1 has been successfully activated at Block Height 2877281. This reduction will be gradual, decreasing by $0.005 every 2880 blocks for 115,200 blocks, which is estimated to occur over a span of 40 days.

In Case You Missed It / Upcoming Shows

Our very own DZ and Lord Mark recently celebrated the 100th episode of the DeFiChain News Show - a momentous milestone indeed! You can watch this special episode here:

Notable Mentions

  • Last week's update is now available on the DeFiChain blog. To stay informed about our recent developments, check it out here.
  • We're excited to announce the launch of the first lottery on DeFiChain! Participants now have the opportunity to win DFI in weekly draws. Find more details here and check out the original CFP Proposal here.
  • The payouts for the CoinMarketCap Learn and Earn program have been successfully completed. You can view the announcement here.
  • CoinMarketCap has published an in-depth article offering a comprehensive overview of DeFiChain, covering both past achievements and future projects. We recommend giving it a read here.

That concludes this week's update. We're thankful for your continued support and enthusiasm for DeFiChain. Stay tuned for more updates and, as always, keep innovating!


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