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’s MetaChain layer has seen above average growth in the last 2 months! Major projects like Javsphere, Dex Trading Live, Crypto Factor, MarbleFi, SeahorseFi & more are driving innovation and leveling the DeFi playing field.
Ready to build your own dApp on DeFiChain’s EVM-compatible MetaChain layer?
👉 Get all the info you need 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 latest blog post here.
DeFiChain Labs Becomes Node Validator for Crowdswap
DeFiChain Labs is proud to announce its role as a Node Validator for CrowdSwap’s Cross-Chain Solution.
This development marks another milestone for DeFiChain Labs and further reinforces its commitment to sustaining critical infrastructure within the DeFiChain ecosystem.
👉 Learn more 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.
👉 Here’s a breakdown of what’s coming:
Big Changes Coming to DeFiChain with the September Hard Fork
👇
— DeFiChain (@defichain) August 21, 2024
Ecosystem Project Updates
New news show format called Minmapshow started.
Find out more about it here: https://x.com/dPuschiii/status/1795690411832320122
Learn how to get high double digit APYs with CrowdSwap’s liquidity pools here:
✅ CROWD/OP LP Farm (Optimism) – APY: 35%
✅ CROWD/ARB LP Farm (Arbitrum) – APY: 30%
✅ CROWD/BNB LP Farm (BSC) – APY: 25%
✅ CROWD/MATIC LP Farm (Polygon) – APY: 24%
✅ CROWD/ETH LP Farm (Ethereum) – APY: 23%You can participate in them in the simplest way possible:
1️⃣ Visit… pic.twitter.com/yjILuLr1IV— CrowdSwap (@CrowdSwap_App) August 28, 2024
Javsphere’s LeverageX product is almost ready to be shipped.
Let’s have a look at the last and upcoming week 👀
Weekly Recap 19/08 – 25/08/24 with #LeverageX 8️⃣0️⃣ % finished
1️⃣ LeverageX: Finished realtime Oracle prices for trades and liquidations
2️ LeverageX: Finished Gains V9 Smart Contracts and deployments
3️ LeverageX: Finished… pic.twitter.com/cDEbyaNNKX— Javsphere (@Javsphere) August 26, 2024
Crypto Factor is soon introducing governance rights to $cDFI holders.
⚡️ CRYPTO FACTOR – GOVERNANCE ⚡️
As part of the $cDFI Community Staking Service on @defichain all $cDFI holders will soon be able to exercise their governance right with fractional voting on new CFP & DFIP proposals.
Crypto Factor are completing this bespoke integration into… pic.twitter.com/bOmsAXCujt
— CRYPTO FACTOR (@_Crypto_Factor) August 29, 2024
SeahorseFi announced that $SEA emissions will soon flow into the core primary markets.
Soon $SEA emissions will flow into the core primary markets.
What assets do you want to see $SEA being rewarded more?#DFI #defichain https://t.co/6MXfsnNlgB
— SeahorseFi (🌊,🌊) (@SeahorseFi) August 17, 2024
The Dex Trading Masters is in full swing. Registration is still open!
The #DexTradingMasters #DTM8 is in full swing, and the #BTC volatility couldn’t have come at a better time! 🥳
The field is split—some traders are riding the wave of profits from their shorts, while others… well, they might be losing more than just trades. 🩳
It’s this kind of… pic.twitter.com/Lo5NI62xdF
— DeFiDexTrader ™ (@DeFiDexTrader) August 28, 2024
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!
