Weekly Update – CFP Spotlight, Engineering Synch, And More!
Hi DeFiChain Community,
Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.
CFP Spotlight: The Path to Complete Decentralization for DeFiChain Beyond Bake
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.
Read all the details in our latest Spotlight blog post here.
Join us for September's DeFiChain Labs Engineering Sync!
📅 Next week, Monday, September 16, 2024
⏰ Live at 10:00 (CET) // 16:00 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
This call covers:
✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A
Submit your Questions here.
Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.
DeFiChain Labs is Revamping its Communication Strategy
Communication is key for success in decentralized teams—especially in blockchain projects like DeFiChain. The DeFiChain Labs team acknowledged room for improvement in their comms. Here's their action plan:
1/6 Communication is key for success in decentralized teams—especially in blockchain projects like ours.
— DeFiChain Labs (@DeFiChainLabs) September 12, 2024
We know that DeFiChainLabs, acting as a bridge between the community and the core engineering team, has room for improvement.
Here's what we're doing about it:
Ecosystem Project Updates
CrowdSwap’s upgraded their cross-chain solution to make it even faster and more rewarding.
Our new #upgrade has put us on top of all other exchange platforms😉
— CrowdSwap (@CrowdSwap_App) September 11, 2024
Get the #best prices on all your cross-chain exchanges under $500 only at: 🔗https://t.co/D9h1cAtFh4#CrowdSwap #Blockchain #trade pic.twitter.com/84OBtct7Kb
Javsphere’s newest LeverageX product is 95% ready to be shipped.
Weekly Recap 02/09 - 08/09/24
— LeverageX by Javsphere (@Javsphere) September 10, 2024
with #LeverageX 9️⃣5️⃣ % finished
1️⃣ Landing Page is live ✔️
2️⃣ Product video is published 🆕
3️⃣ Final smart contract and backend upgrade for Alpha Release 📊
4️⃣ Many UX optimizations and bug fixes 🔍
5️⃣ Started working on the new design of earn side… pic.twitter.com/pMLvKOPFlE
Crypto Factor’s $cDFI Stakers can cast their vote now right on the platform.
⚡️ CRYPTO FACTOR - GOVERNANCE ⚡️
— CRYPTO FACTOR (@_Crypto_Factor) September 9, 2024
Crypto Factor have promoted our @defichain voting solution up to Testnet. On our Testnet dApp you will find the 'Governance' button which will be enabled within voting cycles.
On completion of testing this week, we expect for this to be pushed… https://t.co/EuO0nA0Y3Z pic.twitter.com/2ZcG2jHG1M
SeahorseFi’s announced the pre-farming for $SEA for these markets.
$SEA you real soon. Pre-farming of $SEA to start for the following markets:
— SeahorseFi (🌊,🌊) (@SeahorseFi) September 9, 2024
Supply;$DFI, $dUSDC, $dUSDT
Borrow;$DFI, $dBTC, $dETH.
Remember that emission rewards are 50% of max supply, distributed over 2 years linearly.
TLDR: Deposit and/or borrow those assets and earn $SEA
DEX Trading Masters participants made huge gains this week.
🚨 HUGE GAINS ALERT AT #DexTradingMasters #DTM8 🚨
— DeFiDexTrader ™ (@DeFiDexTrader) September 11, 2024
This is why we LOVE Dex trading! Someone just scooped up $MSFT for 2 million $DFI, sending the price soaring into an INSANE 1100% premium! 📈🔥
And guess what? The traders jumped in and capitalized BIG within 30 minutes 💥💥💥… pic.twitter.com/zNG8Ee9qHU
Note: The content provided here is for informational purposes only and should not be construed as financial advice. Always conduct your own research and consider consulting with a financial professional before making any investment decisions.
That wraps up this week’s DeFiChain update. Stay tuned for more exciting developments as we continue to build and grow the DeFiChain ecosystem. Here’s to another week of innovation and community-driven progress in the world of decentralized finance!