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 – JulyThe 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 SyncOn 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.What Are #Crypto Bridges and Why Are They so Vulnerable?🧵👇— DeFiChain (@defichain) July 17, 2024
Project Spotlight: Dex Trading LiveDEX 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 UpdatesNew news show format called Minmapshow started.Find out more about it here:If you wanna make yourself more familiar with our new news show format, you should definitely click the link below to have a look at the new Defichain Ecosystem Mindmap… Which we also use for the #Mindmapshow 😁https://t.co/8Jn94vb2yJ https://t.co/3sfCdoA1E8— defichain Puschi (@dPuschiii) May 29, 2024
MarbleFi launched on mainnet.Check out the premier liquid staking solution:MarbleFi has launched! Check out the premier liquid staking solution on @defichain – https://t.co/aWfLOjtDnMOur goal is to enable seamless and accessible $DFI staking in Masternode validator(s) without the need to know how to setup, manage and operate without the upfront cost. pic.twitter.com/jnLCg4kz6B— MarbleFi (@marblefi_xyz) June 26, 2024
Birthday Research announced that it’s discontinuing active support for Quantum Bridge.Birthday Research is discontinuing active support for Quantum Bridge. We’re moving it into maintenance mode and will soon open-source the code for anyone to run, allowing for greater flexibility and decentralization as anyone can be empowered to operate their own bridge.— Birthday Research (@BirthdayDev) July 16, 2024
Javsphere’s LeverageX product is 45% completed.LeverageX UpdateThe most important #Javsphere product 🔈#LeverageX is 4️⃣5️⃣ % finished⭐️ Initiated Earn Side Integration⭐️ Subgraph for trades is ready⭐️ Started partnership with @Octo_Defi for smart contract indexingAll details below 🔽 pic.twitter.com/Tty43BJktS— Javsphere (@Javsphere) July 12, 2024
Crypto Factor hinted about a second airdrop coming soon.Airdrop 1 might be drawing to a close, but Airdrop 2 is coming. For the @DexTradingLive Privilege Club, $DTL token quantity is king, thankfully the much anticipated $DTL Staking solution with multiplier enhancement means you can get access to higher tiers with fewer tokens by… https://t.co/QO8EdNSfV2— CRYPTO FACTOR (@_Crypto_Factor) July 7, 2024
SeahorseFi launched NFT stakingGm gm bois, NFT Staking now live! Stake your Abyss NFTs before 31 July to be eligible for fees from the SeahorseFi platform.https://t.co/iIYPuaJp4p— SeahorseFi (🌊,🌊) (@SeahorseFi) July 16, 2024
Dex Trading Live launched their $DTL staking.💥 $DTL STAKING LAUNCH 💥Unlock the full potential of your $DTL with our staking service starting TODAY around noon CET!When the time is right, go to: https://t.co/Q0GyuJYkNHDeposit your $DTL into a vault to earn attractive rewards. Choose between flexible deposits or… pic.twitter.com/nF8YrcgO3k— DeFiDexTrader ™ (@DeFiDexTrader) July 15, 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!
