Weekly Update – Tech Synch, Project Spotlight CrowdSwap, 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.
September’s DeFiChain Labs Engineering Sync
This week, the DeFiChain Labs engineering team held their monthly Tech Sync, providing updates on the current projects and initiatives the team is tackling.
We’ve summarized the key updates here.
Project Spotlight: CrowdSwap’s Cross-Chain Bridge
This week we shined the spotlight on CrowdSwap, an exciting project revolutionizing the DeFi experience.
One of its standout features is the Cross-Chain Bridge, which makes it easier than ever to swap crypto assets from one blockchain into the DeFiChain ecosystem.
Check out our blog post to learn how to convert your $ETH to $DFI!
DeFiChain Labs is Revamping its Communication Strategy
Communication is key for success in decentralized teams—especially in blockchain projects like DeFiChain. The DeFiChainLabs team acknowledged room for improvement in their comms. Here's their action plan:
1/6 Communication is key for success in decentralized teams—especially in blockchain projects like ours.
— DeFiChain Labs (@DeFiChainLabs) September 12, 2024
We know that DeFiChainLabs, acting as a bridge between the community and the core engineering team, has room for improvement.
Here's what we're doing about it:
Ecosystem Project Updates
The CrowdSwap 2024 airdrop is entering its final phase.
We are in the final weeks!
— CrowdSwap (@CrowdSwap_App) September 17, 2024
The CrowdSwap 2024 airdrop is coming to an end in a few weeks and the final tasks are both important and have good points. So complete them while you have the chance 🤩
Check the Airdrop page daily to stay updated. Try to complete as many tasks as… pic.twitter.com/dAE2hLSx7p
The snapshot for the 7th $JAV Staking & Freezer airdrop has been taken.
The next and 7th $JAV Staking & Freezer #Airdrop! 🤩
— LeverageX by Javsphere (@Javsphere) September 19, 2024
The distribution is based on the snapshot of Tue, 17/09/2024 11:00 am CEST. 🗓
Special thanks to @greenwav_es for making this happen. ⭐️
All details incl. video below. ⬇️#Airdrops #airdrop_fam pic.twitter.com/pj27D7Vltm
Crypto Factor’s $cDFI Stakers can cast their vote now right on the platform.
⚡️ CRYPTO FACTOR - GOVERNANCE ⚡️
— CRYPTO FACTOR (@_Crypto_Factor) September 9, 2024
Crypto Factor have promoted our @defichain voting solution up to Testnet. On our Testnet dApp you will find the 'Governance' button which will be enabled within voting cycles.
On completion of testing this week, we expect for this to be pushed… https://t.co/EuO0nA0Y3Z pic.twitter.com/2ZcG2jHG1M
SeahorseFi’s released more information about their yield-bearing token $SYT.
Based on the community's demands and wish for collab with @_Crypto_Factor..$SYT Mechanics; Use-case: Inherent real yield-bearing token.$SYT will capture an allocation of 50% of all borrow fees (currently not activated yet), directing it to a public treasury.
— SeahorseFi (🌊,🌊) (@SeahorseFi) September 16, 2024
DEX Trading Masters participants made an average gain of 260+% over the last 3+ weeks.
The traders at #DexTradingMasters #DTM8 are still going strong! 💪
— DeFiDexTrader ™ (@DeFiDexTrader) September 19, 2024
In just 3.5 weeks, the average gain has soared to a whopping 263% 🥳
Following the FED decision last night, the markets are on fire, and we’ve already capitalized on the Dex, positioning ourselves perfectly for… https://t.co/ICEnLBndOH pic.twitter.com/AAufI85b43
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 wraps up this week’s DeFiChain update. Stay tuned for more exciting developments as we continue to build and grow the DeFiChain ecosystem. Here’s to another week of innovation and community-driven progress in the world of decentralized finance!