Weekly Update – Voting Round, Engineering Sync, Project Spotlight, 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.

DeFiChain Masternode Voting Round – July

The July voting round has concluded! The DeFiChain Labs engineering team will now examine the approved proposals over the next week. Further updates will be shared in due course. 

Check out the results here.

DeFiChain Labs Engineering Sync 

On Monday the DeFiChainLabs 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 in this blog here.

What Are Crypto Bridges and Why Are They So Vulnerable?

Crypto bridges are the highways that connect different blockchain networks, allowing them to exchange information and assets seamlessly. Bridges combine multiple structures: a custodian, debt issuer, and an oracle. This complex setup introduces several attack vectors, making bridges particularly vulnerable.

Project Spotlight: Dex Trading Live

DEX Trading Live strives to become the most comprehensive learning resource for trading on DeFiChain’s decentralized exchange (DEX).

We recently sat down with the team to learn about their vision and future plans.

Ecosystem Project Updates

  • New News Show:

New news show format called Minmapshow started.

Find out more about it here:

MarbleFi launched on mainnet.

Check out the premier liquid staking solution:

Birthday Research announced that it’s discontinuing active support for Quantum Bridge.

Javsphere’s LeverageX product is 45% completed.

Crypto Factor hinted about a second airdrop coming soon.

SeahorseFi launched NFT staking

Dex Trading Live launched their $DTL staking.

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!