Weekly Update – Node Update, 20m Investment Into DFI, Project Spotlights And More!

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.

DeFiChain Update Alert: Version 4.0.8 Released

The DeFiChain Labs team is thrilled to announce the node release version 4.0.8, featuring crucial fixes and enhancements designed to improve your DeFiChain experience. If you're on 4.0.6/4.0.7 and use EVM logs, it's time to update. For others, enjoy a smooth drop-in upgrade.

Key updates include:

• EVM log index fix.
• Stability upgrades.
• New Node health RPC: getnodestatusinfo.
• Enhancements to EVM Filter & database integrity.
• Improved gas fee handling.

Update Now to enjoy these improvements.

Cake Group Commits 20 Million $DFI to Support DeFiChain's DUSD Repeg Mission

The Cake Group Board has unanimously decided to support the DeFiChain community's repeg mission by purchasing $DUSD with 20 million $DFI, to be executed in the coming days. This $DFI, part of the Group's 2023 revenue which was not sold for BTC or USD, will be used to bolster community efforts.

Cake Group has secured 1,664 dBTC (~$70M value) over two years by substituting customer BTC conversions on Bake with profits, showcasing their dedication to the community. Deposited funds are 1:1 backed, verifiable on our Proof of Reserves page, but we're not liable for externally wrapped DeFiChain coins.

Project Spotlight Community Spaces

The DeFiChain Labs team is back with the first round of project spotlight community spaces on X for 2024. 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.

If you’ve missed any of the previous ones, dive into them below:

Stably - a stablecoin onramp and infrastructure services who have submitted a CFP recently to implement their services on DeFiChain:

https://twitter.com/i/spaces/1OdKrjmVlokKX?s=20

Octo DeFi - a new wallet that enables you to safely trade on every existing DeFi-Platform, including DeFiChain, running on the main Blockchain, using only one Wallet:

https://twitter.com/i/spaces/1jMJgmlORjmKL?s=20

And stay tuned for the upcoming Project Spotlight Space with Crypto Factor on 6th February at 14:00 CET!

Ecosystem Project Updates

Javsphere

Javsphere's $JAV token launches on the MetaChain layer with a new video detailing engagement in #RealYield, token fundamentals, DUSD Staking, TradeX, and an airdrop.

Version 2.5.2 of Javsphere enables any wallet to be used directly via mobile browsers, bypassing MM for app access.

Crypto Factor

Crypto Factor is set to publish its Whitepaper in the coming week, inviting interested parties to explore their upcoming offerings. The project is gearing up for the first of four presale rounds starting on February 2nd, offering an opportunity to acquire $CFR tokens.

MillionPixelDFI

In January, MillionPixelDFI burned 2752 $dUSD and donated an additional 1372 $DFI and 130 $dUSD to DMC Universe, marking another month of token reduction and community support.

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

• German Community Space: Revisit the latest community space for insights into the DeFiChain ecosystem. Watch it here:

• Fireside Chat: Enjoy a fireside chat with Andreas Hofmann, discussing things beyond just crypto and DeFiChain. Watch it here:

• Latest News Show: Catch up with the latest news show via the link below:

That wraps up this week's digest! With the continuous evolution of DeFiChain and the unwavering support of our community, the future looks bright. Stay engaged, and let's keep building a decentralized world together!