Weekly Update – Special DFIP, Crypto Bridges, Upcoming Voting Round, And More!

DeFiChain -

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.

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.

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.

Crypto Factor announced a total of 36 Masternodes running on their infrastructure.

SeahorseFi launched $cDFI on their platform.

Dex Trading Live published a guide on how to list $DTL on VanillaSwap.

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!