Weekly Update – DEX Stabilization Fee, Engineering Sync, New Hardfork Schedule And More!

DeFiChain -

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.

Update: Dynamic DEX Stabilization Fees

A Dynamic DEX Stabilization Fee structure has been implemented on the Defichain DEX as of February 28th, in line with the recently passed DFIP proposal. The current fee is 80% (30% “old” stabilization fee & 50% “new”, dynamic stabilization fee). These variable fees on DUSD transactions appear to be working as intended, driving the DUSD price above $0.75 USD and steering it towards its targeted $1 peg.

For more details on the rationale and framework behind these developments, refer to the original DFIP proposal here.

DeFiChain Labs Engineering Sync

Don't miss the DeFiChain Labs Engineering Sync on Monday, March 18th at 10:30 CET/17:30 SGT. This monthly community call is your chance to get the inside scoop on the latest updates, ongoing projects, and collaborative bug-fixing sessions straight from the engineering team. Topics include the upcoming hardfork, CFP payouts, dynamic stabilization fee, and more.

Join us for this 45-minute technical deep dive and get your questions answered live: https://meet.google.com/pez-xokc-pdn.

New Hardfork Schedule

DeFiChain will implement hardforks every three months at the latest, starting from the end of March/early April 2024. This new cadence replaces the previous ad hoc approach to software updates and protocol changes.

Learn more about it in this blog post.

Project Spotlight: CRYPTO FACTOR

Project Spotlights aim to shine a light on projects built on DeFiChain and deep dive into what they're building with the teams behind the projects.

Last week, we spoke with @CryptoFactor_io, an aggregator of Web3 on-chain infrastructure services. They blend services into deployment templates that can run on EVM-compatible chains like DeFiChain's MetaChain (DMC).

If you want to know more about the project and the people behind it, check out our latest blog post.

Ecosystem Project Updates

  • Community Reward Campaign

Earn exclusive NFTs in DeFiChain's latest Community Rewards Campaign. By completing specified quests, you can earn unique OAT NFTs and tally points for a chance to win part of the 4,000 $DFI prize pool, so act fast!

Secure your rewards here.

  • Atlantis NFT Marketplace

@atlantisNFTsapp announced an extension of their giveaway.

  • Jello DFI

@JelloDFI will airdroping some $JLO to DTM participants.

  • Javsphere

@Javsphere is sponsoring 10k $JAV tokens to DTM participants.

  • DEX Trading Live

@DexTradingLive announced the next Dex Trading Masters with amazing prizes to be won.


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.

Recaps

  • Weekly News Show

Missed the most recent weekly news show with Lord Mark and DZ? Catch up on last week’s episode via the link below:

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!