Weekly Update – Special DFIP, Oracles & Pool Reward Adjustments, And More!

Hi DeFiChain community,

Welcome to this week's edition of the DeFiChain Weekly Update, where we bring you the latest developments and community engagements from the DeFiChain ecosystem. Let's dive into the highlights.

Community Fund Diversification Special DFIP Progress

The DeFiChain community recently approved a proposal to stabilize the value of DUSD by diversifying the holdings of the Community Fund. As a first step, DeFiChain Labs together with community members, has deployed a DUSD Buying Bot to systematically purchase DUSD over time.

This bot represents a key part of the strategy to underpin DUSD's $1 peg to USD, strengthening DeFiChain's entire ecosystem of decentralized financial services.

For detailed insights into this strategic initiative and its ongoing impact, we invite you to delve into the full post here.

Upcoming Adjustments to Oracles and Pool Rewards

With Walmart's ($WMT) upcoming 3-for-1 stock split, the DeFiChain decentralized stock token $dWMT will need to account for this corporate action. There will be a 6-hour trading halt on $dWMT (3 hours before and after the WMT stock split) to ensure a smooth transition. $dWMT vault owners should be aware there will be an additional 1-hour pause.

To align with the new post-split WMT shares outstanding, the $dWMT token supply will also undergo a 3-for-1 split. New pool rewards have been detailed in the DFIP spreadsheet to provide clarity on the adjusted structure.

The $dWMT token split and aligned reward updates will take effect on February 16, 2024 at 6 PM GMT+8, concurrent with the $WMT stock split completion. You can follow the exact date and time via the block height countdown here.

DeFiChain 4.0.9 Release Highlights

DeFiChain's latest release ushers in three notable enhancements for the platform:

• Robust Ethereum Syncing Upgraded subscription notification logic bolsters the reliability of syncing Ethereum activity. Missing critical on-chain events is no longer a concern.
• Better Gas Estimations A fixed estimate gas RPC improves the accuracy of gas cost calculations for executing transactions. Users can trust consistent gas estimations.
• Flexible Transactions The transaction framework now supports null values in topic lists. This enables more customizable events by allowing developers to omit unused topics.

For details on version 4.0.9, see the release notes here.

Join the Ongoing Community Rewards Campaign 3.0

Earn Exclusive NFTs in DeFiChain's Latest Community Rewards Campaign. We have launched the next phase of our Community Rewards Campaign in collaboration with Javsphere - now live on the Galxe page. By completing specified quests, you can earn unique OAT NFTs and tally points for a chance to win part of the 4,000 $DFI prize pool, so act fast!

Secure your rewards here

Ecosystem Project Updates

VanillaSwap

VanillaSwap's $VAN token has now started trading on one of crypto's leading exchanges, Bitrue. Check out the details via the post here.

Javsphere

After announcing their $JAV token airdrop previously, Javsphere has now also announced they're holding a $DUSD repeg raffle. For more information, check out their post here:

CRYPTO FACTOR

Following the sell out of their 2nd round of their pre-sale, CRYPTO FACTOR recently announced the 3rd round of their token pre-sale. Check out the info here:

DMC Universe

DMC Universe recently unveiled their new APR page on their website where you can now see the APRs of all the pools on the DeFiChain MetaChain (EVM) Layer. Check out the page for yourself here.

DexTradingMasters

The DexTradingMasters competition is witnessing remarkable achievements, with ManOfTheWoods eyeing a 6x gain and Voyager targeting 4x. An impressive roster of 7 traders has crossed the 1000 dUSD milestone, securing their spot in the elite Double Bagger club. The competition's average gain has skyrocketed to 82.1%, with nearly all participants enjoying profitable returns.

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

DeFiChain Community X Space

Missed the recent German DeFiChain Community X Space? Listen to the recording here:

Weekly News Show

Catch up with the latest news show via the link below:

It's been an extraordinary week filled with exciting updates that pave the way for an innovative future. As always, we thank you for your passion and dedication to the DeFiChain project. Here's to many more milestones ahead!