Weekly Update – Special Interest Groups, DFIP Spotlight, Hard Fork, 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.
The Logical Next Step Towards Complete Decentralization of DeFiChain
Decentralization is key to any blockchain project, and DeFiChain is taking bold steps with the launch of Special Interest Groups (SIGs).
Our latest blog article dives into how SIGs will empower the community & shape the future of DeFiChain.
Learn more about it in our latest blog post here.
DFIP Spotlight: Re-peg and Re-collateralize the dToken System
The dToken system is central to the DeFiChain ecosystem, yet recent issues have made it increasingly difficult to use it effectively. An approved DFIP is poised to address these challenges head-on, focusing on the re-pegging and re-collateralizing of the dToken system.
Learn more about it in our blog post here.
Big Changes Coming to DeFiChain with the September Hard Fork
DeFiChain’s mid-September Hard Fork is on the horizon, and it’s packed with updates aimed at improving the user experience and network efficiency.
Big Changes Coming to DeFiChain with the September Hard Fork
— DeFiChain (@defichain) August 21, 2024
👇
Ecosystem Project Updates
CrowdSwap’s upgraded cross-chain solution will have a burning mechanism that would burn some amount of $CROWD with every transaction.
Did you know...🤔
— CrowdSwap (@CrowdSwap_App) September 4, 2024
Aside from the burning strategy, our upgraded cross-chain solution will have a burning mechanism that would burn some amount of $CROWD with every transaction.🔥
Find out more about our burning strategy here
🔗https://t.co/VL4e7DZty2#CrowdSwap #burn
Javsphere just announced their 5th airdrop campaign.
The next and 5th + ? JAV Staking & Freezer Airdrop!
— Javsphere (@Javsphere) September 5, 2024
The distribution is based on the snapshot of Tue, 03/09/2024 11:00 am CEST. 🗓
All details incl. video below. ⬇️ pic.twitter.com/M0O8VxoStH
Crypto Factor just released an update on their Q3 performance.
🌐 CRYPTO FACTOR UPDATE 🌐
— CRYPTO FACTOR (@_Crypto_Factor) September 3, 2024
As we progress through Q3, Crypto Factor are delighted with progress made on our develop and 'Refine' agenda.
🔀 Delivery of $DTL Multi-Asset-Backing
🔀 Governance Voting nearing completion
🔀 3M $DFI now in cDFI Staking (>160 MNs)
🔀 $250k Crypto… pic.twitter.com/hJkkEhGvtu
SeahorseFi’s NFTs are now fully minted and NFT Staking is just around the corner.
Team’s busy building as always, just some updates from this weekend!
— SeahorseFi (🌊,🌊) (@SeahorseFi) July 1, 2024
“The Seahorse” NFT is now 💯% Minted
NFT Staking and $SEA coming to you soon 🚀🚀 https://t.co/BV25sCrl2u
DEX Trading Live launched their $DTL multi asset backing feature this week.
Just after launching our brand-new $DTL Multi-Asset Backing, we hit a new ATH 🚀
— DeFiDexTrader ™ (@DeFiDexTrader) September 2, 2024
When value shines, the market responds. And we’re just getting started 🎉
Huge thanks to everyone who’s been part of this journey. 🙏🏻
PS. Don’t forget to lock in some juicy rewards in our… https://t.co/HtvFVzhuAG pic.twitter.com/4Och0zDW0f
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!