Weekly Update – DEX Fee Update, WASM, Project Spotlight And More!
Hi DeFiChain community,
Welcome to this week's edition of the DeFiChain Weekly Update, where we bring you the latest and most exciting developments from the DeFiChain ecosystem. Let’s dive into the highlights of the week.
Dynamic DEX Stabilization Fees: An Update
The implementation of the Dynamic DEX Stabilization Fee on the DeFiChain DEX, effective from February 28th, marks a pivotal step towards stabilizing the value of DUSD. With the introduction of variable fees for DUSD transactions, there's a noticeable momentum driving DUSD's price closer to its $1 peg.
For more details on the rationale and framework behind these developments, refer to the original DFIP proposal.
WebAssembly: The Game-Changer for Blockchain Performance and Flexibility
The Ethereum Virtual Machine (EVM) has laid the groundwork for modern blockchain applications. However, the industry is evolving with WebAssembly (WASM), promising new possibilities and improvements in blockchain performance, security, and cross-compatibility.
Discover how WASM stands to redefine the blockchain space, promising enhanced operational efficiency and broader application capabilities in our latest blog post.
Project Spotlight: CRYPTO FACTOR
In our ongoing series of Project Spotlights, we featured CRYPTO FACTOR, an innovative aggregator of Web3 infrastructure services. CRYPTO FACTOR streamlines the deployment of on-chain infrastructure services across EVM-compatible chains, including DeFiChain's MetaChain (DMC), offering an integrated solution for developers and businesses in the blockchain domain.
Catch up on our engaging conversation with CRYPTO FACTOR in the X Space recording.
Ecosystem Project Highlights
- Community Reward Campaign: Dive into DeFiChain's latest campaign to snag unique OAT NFTs and a slice of the 4,000 $DFI prize pool. Participate now!
- Atlantis NFT Marketplace: announced its upcoming launchpad drop. Learn more here:
📣 NFT LAUNCHPAD DROP ALERT 📣
— Atlantis NFT Marketplace (@atlantisNFTsapp) March 3, 2024
The Jellyverse Archives
Each intricately detailed design unveils a glimpse into the technological marvels and architectural wonders of these interstellar beings.
Price: 600 DFI
🤖🐙👇🏻https://t.co/SKAJJJJegs@defichain #NFT #Launchpad #nftDrop pic.twitter.com/m1vDY89XC8
- Jello DFI is gearing up for an exciting NFT project launch. More here:
Dear #Jellonaire's, we will be launching the #JelloPunkz project on the NFT market through @atlantisNFTsapp. Feel free to take a look without delay, and while exploring, participate in the giveaway to potentially win your first #DefiMetaChain NFT.
— Jello #DMC (@JelloDFI) March 7, 2024
Of course, it won't be a cool… https://t.co/bUMKqzRoTn
- Javsphere celebrates reaching 28m TVL across their offerings. Discover more here:
#WowWowWow 🎉! @Javsphere just reached 28M Total Value Locked 🚀! 21.7M in #DUSDStaking and 6.3M in #DUSDBonds. $DUSD price is increasing and 1 DUSD is currently worth 0.8 USD ($DFI pool) 📈. Thx for your ongoing support 🙏 #DeFighter for @defichain 💪 pic.twitter.com/sfOfnJDz1S
— Javsphere (@Javsphere) March 4, 2024
- TnT World unveils its new landing page. Explore it here:
Our Landing Page is now live.
— TnT World (@TnTDeFi) March 4, 2024
For more information about TnT World, click the link.
If you have any more questions, we will answer them as best as we can.
Use the desktop version for the best experience.https://t.co/dl4pcidq32
- DEX Trading Live kicks off the next DEX Trading Masters. Register today here:
Registration for the #DexTradingMasters #DTM6 is now open 🥳 and trading will begin on 18.3.2024
— dex-trading.live (@DexTradingLive) March 4, 2024
How to Signup: https://t.co/IYsfNdFwoK…
Or watch the great little videos from @dPuschiii here:
🇺🇸 https://t.co/xdb5ZGitRA
🇩🇪 https://t.co/v4DfrjR50b
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.
Weekly News Recap
If you missed the latest episode of the DeFiChain News Show with Lord Mark and DZ, catch up now to stay informed about the happenings in the DeFiChain universe. Watch the latest episode here:
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!