Weekly Update – Special Interest Groups, DFIP Spotlight, Hard Fork, 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.

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.

Ecosystem Project Updates

CrowdSwap’s upgraded cross-chain solution will have a burning mechanism that would burn some amount of $CROWD with every transaction. 

Javsphere just announced their 5th airdrop campaign.

Crypto Factor just released an update on their Q3 performance.

SeahorseFi’s NFTs are now fully minted and NFT Staking is just around the corner.

DEX Trading Live launched their $DTL multi asset backing feature this week.

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!