Weekly Update - FloppyNet, DFIP Results And More

May 26, 2023

Hi DeFiChain community,

As always, we bring you this weekly update to share the developments and progress happening in the DeFiChain ecosystem. So, without further ado, let's delve into the noteworthy advancements of the week:

Launch of DeFi Meta Chain FloppyNet

This week marks a significant step forward with the official launch of the FloppyNet, a crucial component of Meta Chain. The FloppyNet offers a testing environment for developers to deploy their applications, receive feedback, and make necessary refinements.

Your participation as early testers is crucial. It helps us ensure the next TestNet launch is as smooth as possible, addressing potential pain points or issues. The community's enthusiasm is already evident with the deployment of the first set of smart contracts to FloppyNet.

To aid your journey, an official guide to connecting to FloppyNet has been released this week. This step-by-step guide helps you connect to MetaMask and deploy your contracts. As we embark on this exciting phase, we're eager to witness the innovation that our community members will bring to FloppyNet.

Special DFIP: DUSD Staking Results

The voting results for the Special DeFi Improvement Proposal (DFIP) regarding DUSD staking are in. With an overwhelming approval rate of over 92%, it's clear that the community endorses the proposed change: The implementation of DUSD staking allows holders to benefit from negative interest rates by staking and receiving rewards in DUSD.

This innovative feature demonstrates our continued commitment to enhancing the DeFiChain experience for our users. For more insight into the details of the proposal, we encourage you to visit our subreddit post here.

In Case You Missed It / Upcoming Shows

The latest episode of the DeFiChain News Show is a must-watch. We take a nostalgic look back on our journey as DeFiChain turns three and cast our gaze forward to an exciting future. We discuss the challenges overcome, milestones achieved, and what lies ahead in the DeFi landscape. You can view this insightful episode here:

That's all for this week's update. We continue to thank our dedicated community members for their support and engagement. Your contributions continue to drive the development and growth of the DeFiChain ecosystem. Remember, this is just the beginning. Stay tuned for more updates, and keep exploring the endless possibilities of decentralized finance with DeFiChain!


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

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