Weekly Update – DeFiChain's Decentralization Ambitions, Engineering Sync, And More!

Sep 27, 2024

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.

The Future of DeFiChain: Decentralization through SIGs, DeFiChain Labs, and Community Engagement

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.

September’s DeFiChain Labs Engineering Sync

Last week, the DeFiChain Labs engineering team held their monthly Tech Sync, providing updates on the current projects and initiatives the team is tackling.

We’ve summarized the key updates here.

DeFiChain Labs X CrowdSwap

Exciting news! The DeFiChain Labs team has successfully set up their 

CrowdSwap nodes, syncing blocks since last week. As a node validator for the Cross-Chain solution, they are now verifying and processing transactions and earning a share of the cross-chain fees.

Ecosystem Project Updates

CrowdSwap just released their new airdrop task.

Javsphere launched their LeverageX product on testnet on Base.

Crypto Factor rewarded the top 15 DTM traders with 10k $CFR

DEX Trading Masters season 8 has concluded. 

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!

DeFiChain

Decentralized finance enabled on Bitcoin. A blockchain dedicated to fast, intelligent and transparent financial services, accessible by everyone.

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