Weekly Update – Special DFIP, Crypto Bridges, Upcoming Voting Round, 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.
Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps
A new Special DFIP has been submitted to eliminate the 0.5% swapping fee for all dToken pairs immediately upon approval. This initiative aims to increase trading volume and restore competitiveness to the DeFiChain DEX.
Special DFIPs require a 2/3 approval rate with at least 10% participation from masternodes.
Voting is currently open and will close on August 10th, 2024.
For more information, you can review the submitted proposal on Reddit.
Cast your vote here.
Understanding Crypto Bridges under MiCA Regulation
This thread is part of our ongoing series about crypto bridges, building on our previous discussion about custodial risks and various other attack vectors.
Understanding #Crypto Bridges under MiCA Regulation
— DeFiChain (@defichain) August 5, 2024
🧵👇
A Closer Look at the September DFIP & CFP Voting Round
Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) soon up for vote. Inform yourself and don’t miss your chance to have a say in the future of DeFiChain!
Check it out here.
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
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 uploaded a video on how to earn up to 100% real yield with LeverageX.
In one of our latest videos, learn how to earn up to 100% real yield as a #LeverageX investor (= investor side). 📈
— Javsphere (@Javsphere) August 9, 2024
One of the most frequently asked questions of the last few days. 💬
More information and video link below ⬇️ ⬇️ ⬇️ pic.twitter.com/VMqbBU2PHs
Crypto Factor announced a total of 36 Masternodes running on their infrastructure.
🌐 Crypto Factor - cDFI Staking 🌐
— CRYPTO FACTOR (@_Crypto_Factor) August 7, 2024
This week we have crossed 36 Masternodes running on our infrastructure. A new Full Node has been spun to take care of the next leg up in our journey.
With 750k $cDFI in circulation, LM rewards in $CFR, 0% swap fees against $DFI and a pool to… pic.twitter.com/8taRPBZiju
SeahorseFi launched $cDFI on their platform.
Also for the eagle-eyed users... $cDFI is also now available with a starting collateral factor of 0 before updating to 0.6.
— SeahorseFi (🌊,🌊) (@SeahorseFi) August 3, 2024
2 LSTs on https://t.co/8gggK1czND money market.
🌊✊$SEA delivers. pic.twitter.com/qkUtM2vEyn
Dex Trading Live published a guide on how to list $DTL on VanillaSwap.
🚀 A Quick Guide to $DTL Dex Listing on @VanillaSwap1 🚀
— DeFiDexTrader ™ (@DeFiDexTrader) August 9, 2024
🔸 Connect your MM
🔸 Import DexTradingLive $DTL token using this address: 0xa29aa48B4A67C965C708c01E9FcCaE39691bfC91 🔸 Select the $DFI - $DTL pair
🔸 Adjust slippage to 11% (accounting for the 9% buy/sell tax)
🔸Don’t… pic.twitter.com/DXCQ3bDlQS
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!