Weekly Update – $MSTR Stock Split, Project Spotlight, Special DFIP, And More!
Hi DeFiChain community,
Welcome to your weekly round-up of the DeFiChain ecosystem! It’s been another bustling week with plenty of developments. Let’s dive in and explore what’s new and exciting.
MicroStrategy Stock Split and Its Implications for DeFiChain
MicroStrategy recently announced a major change for its shareholders — a 10-for-1 stock split set to occur on August 7, 2024.
This event will have notable repercussions for traditional market investors as well as those engaged with decentralized finance (DeFi) platforms, particularly DeFiChain, where dMSTR tokens can be traded and invested into various products.
Discover more about the impact on DeFiChain users in our latest blog post here.
Project Spotlight: Crypto Factor
Crypto Factor is the ultimate launchpad for aspiring crypto entrepreneurs.
By offering a comprehensive suite of tools and resources, it demystifies the process of bringing a blockchain project to life. Find out more in the blog here.
Upcoming SDFIP Vote - Eliminate the 0.5% Additional Fee for dToken Swaps
An important Special DFIP is up for vote soon. Let’s break down the proposal to eliminate the 0.5% additional fee for dToken swaps on the native DEX.
Learnt more about the impact on the DeFiChain ecosystem in our thread below:
Upcoming SDFIP Vote - Eliminate the 0.5% Additional Fee for dToken Swaps
— DeFiChain (@defichain) August 1, 2024
An important Special DFIP is up for vote soon. Let's break down the proposal to eliminate the 0.5% additional fee for dToken swaps on the native DEX.
🧵👇
Ecosystem Project Updates
- New News Show:
New news show format called Minmapshow started.
If you wanna make yourself more familiar with our new news show format, you should definitely click the link below to have a look at the new Defichain Ecosystem Mindmap... Which we also use for the #Mindmapshow 😁https://t.co/8Jn94vb2yJ https://t.co/3sfCdoA1E8
— defichain Puschi (@dPuschiii) May 29, 2024
The DeFiChain Accelerator Team is back with new initiatives.
More to come soon!
We are back!
— DeFiChain Accelerator (@defichainac) July 31, 2024
Thanks to the community for believing and trusting in us and our CFP. Stay tuned for more 🫡
MarbleFi has introduced a withdrawal functionality, opening up more opportunities such as arbitraging $mDFI between DEX and MarbleFi directly.
Check it out here: marblefi.xyz/app/withdraw
Javsphere’s LeverageX is almost finished.
Weekly Recap 22/07 - 28/07/24 with LeverageX 6️⃣0️⃣ % finished!
— Javsphere (@Javsphere) July 29, 2024
1️⃣ LeverageX: started integration of LeverageX Bot
2️⃣ LeverageX: ongoing App Integration for Trades
3️⃣ LeverageX: integration of TradingView Lib
4️⃣ LeverageX: progress in redesign of front-end
5️⃣ LeverageX:… pic.twitter.com/ygCkGjthxz
Crypto Factor’s $cDFI will soon be launched on SeahorseFi.
🔜 $cDFI ⚙️ @SeahorseFi 🌊🌊 pic.twitter.com/sftVhVt2N5
— CRYPTO FACTOR (@_Crypto_Factor) August 1, 2024
SeahorseFi will be launching $cDFI on their platform soon.
Who's ready for $cDFI on SeahorseFi's money market? 🌊🌊
— SeahorseFi (🌊,🌊) (@SeahorseFi) August 1, 2024
Dex Trading Live paid out their 2nd airdrop.
The 2nd AirDrop has been paid out 🥳
— DeFiDexTrader ™ (@DeFiDexTrader) August 1, 2024
Please check your accounts and don't forget to stake them in the vaults for max APR 😉$DTL #DTLPrivilegeClub #Staking #Crypto #Defichain @DexTradingLive https://t.co/hAPgu5oBKV
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.
That's it for this week's update. We're excited about the community's ongoing support and enthusiasm as we move forward with new developments and milestones. Keep an eye out for more news and updates from DeFiChain!