Weekly Update – MainNet Update, SUI Token, Tech Talk And More

Sep 1, 2023

Hi DeFiChain Community!

It's that time of the week again. We're here to bring you up to speed on the latest developments in our ecosystem. From the launch of new Beta versions on our MetaChain layer TestNet to new token pairs, here's everything you need to know:

MetaChain Layer: The Road to MainNet

The core dev team has been working diligently, and their efforts are evident in the successful release of a Beta 10 version for Changi TestNet which involved a core fix to DST20 token migration.

Beta 11 has also been released this week, with security enhancements and auxiliary fixes (including test suite fixes and DVM <> EVM accounting checks) and a Beta 12 version is planned for next week that brings even more stability and gets us closer to the Release Candidate (RC). The team is ramping up the transparency with better transaction visibility for DVM <> EVM transactions.

For complete insights, you know where to go: the release log here.

Governance: Special DFIP for SUI

The community has passed the Special DFIP for SUI support which has alredy been activated. Here's what it entails:

  • A new dSUI token has been launched, which is fully backed by $SUI.
  • 90% of idle SUI are staked on Bake.
  • Monthly, buy and burn DFI from DEX using staking rewards.
  • A dSUI-DFI pool pair has been established on DEX.

For more information, visit the GitHub link here.

Quantum Bridge: New Token Pair

Our token bridge, Quantum, isn't lagging behind in innovation. The recent addition of MATIC (ERC-20) <> dMATIC brings yet another layer of flexibility for users. Whether you’re looking for speed with Instant mode or maximizing returns with Queue mode, it's all there for you. Try it now at Quantum Bridge.

Special DFIPs: A breakdown of what it means for DeFiChain

Do you understand what Special DFIPs are? If you've got questions, you can find more information in this detailed post, which breaks down the Special DFIPs and examine their implications for DeFiChain and its investors. Learn more here.

Tech Talk: MetaChain Layer MainNet

When U-Zyn talks, the community listens! Last week's Tech Talk was a treasure trove of insights into the activities of the core developers working on MetaChain layer. Tune in to find out more about all things MetaChain layer along with a peek into what the post-mainnet future holds for the upcoming EVM layer. For anyone building on or investing in DeFiChain, this is must-see TV. Watch here:

ICYMI: Keep Up, Will You?

Still catching up? Don't fret. The DeFiChain News Show has you covered with a rundown of the latest tokens to join our ecosystem. Get up to speed here:

Thank you for being a vital part of the DeFiChain community! Your enthusiasm and active participation make all the difference as we collectively advance toward decentralizing finance. The future is bright, and we're excited for what comes next. Until next week, stay tuned and stay invested!

DeFiChain

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

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