Hello DeFiChain community,
As another week passes, we bring you the latest updates, developments and opportunities within the DeFiChain ecosystem. Let’s jump straight into this week’s highlights.
Celebrating Four Years of DeFiChain: A Journey of Innovation and Growth
Four years ago, on May 11, 2020, the DeFiChain blockchain was born with the minting of its genesis block, marking the start of an extraordinary journey.
Since this pivotal moment, DeFiChain has not only captivated the hearts of countless DeFi enthusiasts, but has also become a dynamic and ever-evolving blockchain ecosystem, seamlessly combining Bitcoin and Ethereum.
Join us in celebrating this milestone and learn about the achievements we have made together in our blog post.
Are you ready to dive into the world of dApps and explore the cutting-edge DeFiChain MetaChain layer?
Join us for an immersive virtual workshop designed to guide you through the process of creating your first decentralized application (dApp) on this innovative platform.
📅 Date: Thursday May 30
⏰ Time: 5:00 p.m. SGT
🌐 Location: DeFiChain Developer Discord
More details and registration here.
DFIP Special: Vote!
The special DFIP is on track with an approval rate of over 97%. If approved, here's what it means:
👉 Daily decrease of 5%+0.5% for DEX Stab fees (excluding DUSD-DFI pool) for the first 10 days, then a 0.5% decrement for the following 20 days.
👉 Decrease reward issuance from 25% to 5% on the DUSD-DFI pool and redirect 20% to BBB.
👉 Reactivate BBB: Automated sale of $IFD has $DUSDthen burns $DUSD.
You still have time to vote!
Learn more about DFIP here.
Project Spotlight: MarbleFi
In this flagship edition, we highlight MarbleFi, a Liquid Staking derivatives provider that allows DeFiChain masternode holders to use their locked capital more efficiently.
MarbleFi is a revolutionary product from @AnniversaireDev that unleashes the power of your $IFD assets. This allows you to win $IFD rewards without having to manage your own Masternodes.
Find out how it works in our latest blog post.
Ecosystem Project Updates
@Octo_Defi is set to unveil its new SmartWallet in an introductory video.
We will post a short introductory video📺on the🐙#SmartWallet Soon.
It will give you an overview of what the platform looks like and what we've built 🏗️so far. As well as what will happen in the coming months.
At the end of this month, we will open the doors🚪 to everyone.
– OctoDeFi (@Octo_Defi) May 16, 2024
@Javsphere's $JAV token will be added to Bitrue next week.
🌎 First centralized exchange 🚀
The next big step will take place next week! 👀The $JAV The token will be listed on #Bitrue 🔘 the first centralized exchange 📈.
More information in this video (link below 👇) pic.twitter.com/XD32lwDdOz
– Javsphere (@Javsphere) May 16, 2024
@CrowdSwap_App has revealed its first DeFi ETF with no investment fees.
Start of the next BullRun? 📈🤔
With Bitcoin surpassing $65,000, the #Crypto the market is all green today. If you think this is the start of the next BullRun, now you need a diversified portfolio of tokens to profit from this rally. But who has the time and effort to choose… pic.twitter.com/Ao21n62cRK
-CrowdSwap (@CrowdSwap_App) May 16, 2024
@DexTradingLive has released the current rankings for its Dex Trading Masters Anniversary Edition.
GaME's commercial frenzy reached new heights in #DexTradingMasters #DTM7 as traders try to capitalize on falling prices.
You need to bring your A-Short game! Shorting has never been easier with our new native Dex wallet, saving you time and money!
Our leader is close to 4x… pic.twitter.com/4sD9nshhuv
– DeFiDexTrader™ (@DeFiDexTrader) May 17, 2024
Note: The content provided here is for informational purposes only and should not be construed as financial advice. Always do your own research and consider consulting a financial professional before making an investment decision.
That's all for this week's update. We are thrilled to see the continued support and enthusiasm from the community as we move forward with new developments and achieve important milestones. Stay tuned for more DeFiChain news and updates!