Weekly Update – DUSD Lock, Reward Campaign, Ecosystem Updates, And More!

DeFiChain -

Hi DeFiChain Community!

As another week rolls by, we bring you the latest updates, developments, and opportunities within the DeFiChain ecosystem. Let's get straight into the highlights of this week.

DUSD Lock (Bond) Update: Finally Live

DUSD Bonds went live on the DeFiChain network on 23rd January. This marks a major milestone for the stability and adoption of the DUSD stablecoin. To recap, the rewards for DUSD Bonds will originate from the previously paused BBB. Once live, up to 20 DUSD per block will be distributed, with the 1-year bond receiving 3/8 and the 2-year bond 5/8 of the rewards, as outlined in the DFIP. Stay tuned for more updates coming soon.

Community Reward Campaign: Your Chance to Win

Don't forget that the first of three Community Reward Campaigns is live until January 31st, with a focus on highlighting DeFiChain across various platforms. This two-week-long quest offers multiple tasks, each completion bringing you closer to winning a share of the 1,000 DFI prize pool.

Get involved and start completing quests here

New Blog Post: Understanding Crypto Bridges

Ever wondered about crypto bridges and their role in blockchain ecosystems? Our new blog post delves into how bridges like Quantum enable direct transfers from Ethereum to DeFiChain, unlocking access to emerging opportunities in decentralized finance and beyond. By bypassing centralized entities, these technological gateways promise more seamless interaction across blockchain ecosystems.

Learn more about these crucial connectors in our latest article: What Are Crypto Bridges?

Ecosystem Updates

  • Javsphere: Celebrating two major achievements - reaching over 20M+ in TVL with their $DUSD staking service and launching their new mobile version! Check it out here.
  • Octo DeFi: Introduced at the Munich meet-up, Octo DeFi is an intuitive crypto wallet that aims to make DeFi more accessible by allowing easy management of assets across multiple chains. They recently teased their new landing page and a summary about the project can also be found via the link below (in German): Octo DeFi.
  • Jello: This memecoin, aimed at supporting $DFI and the community, recently announced an airdrop campaign with 1 million $JLO for 100 lucky winners. Learn more here.

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

  • DeFiChain's Roadmap for the First Half of 2024: The roadmap, developed with @DeFiChainLabs and the community, focuses on DVM Native Layer Improvements, MetaChain EVM Layer Improvements, R&D Experimentation, and DeFiChain Growth. Dive into our ambitious plans for 2024 here.
  • Latest News Show: Catch up with the DeFiChain News Show, discussing the introduction of $DUSD bonds:

That's all for this week's update. We're thrilled to see the community's continuous support and enthusiasm as we forge ahead with new developments and milestones. Stay tuned for more news and updates from DeFiChain!