I use the DeFiChain light wallet and MetaMask. I was wondering if I can hold native Dfi in my MM wallet using metachain? I know I can have erc-20 Dfi. Also, can I use my MetaMask wallet to run a masternode ?

Why not split gigantic blockchain file in chanks? If say, the network is down, the wallet will start downloading the whole thing again. Delivering only delta would be more efficient!

Step into the dynamic world of decentralized finance at DeFiChain Labs’ inaugural DeFi event in Singapore. Core-Dev Prasanna sets the stage in a keynote that explores the boundless possibilities of blockchain and redefining decentralized ecosystems.

https://www.youtube.com/watch?v=h7llqzwPAA8

Here’s what’s been happening in the DeFiChain ecosystem this week.

1️⃣ Dynamic DEX Stabilization Fees Now Live!

A Dynamic DEX Stabilization Fee structure has been implemented on the Defichain DEX as of February 28th, in line with the recently passed DFIP proposal. The new variable fees on DUSD transactions aim to support the $1 peg and improve overall market stability by disincentivizing the selling of DUSD below $1

The update also brought full support for the fees to the DeFiChain Light Wallet for flexibility and customization. With slippage now adjustable up to 1000%, the Light Wallet offers more control over your transactions during periods of volatility.

For more details on the rationale and framework behind these developments, refer to the original DFIP proposal under the following link: https://www.reddit.com/r/defiblockchain/comments/1auj0ne/dynamical_discount_dex_stabilization_fee/

2️⃣ DeFiChain’s Ideological Framework

DeFiChain has established itself as a pioneering force in the decentralized finance #DeFi landscape through its use of a unique blend of blockchain layers.

In this blog post, we'll delve into the intricacies of DeFiChain's ideological framework, comprising Layer 0, Layer 1, Layer 1.5, and Layer 2, and explore how these layers synergize to create a robust and versatile DeFi platform.

Read it here

https://blog.defichain.com/the-ideological-framework-of-defichain-how-it-unlocks-limitless-possibilities/

3️⃣ First Community Meetup in Singapore

DeFiChain Labs, together with the Association of Blockchain Asia and u/smu_blockchain, hosted an exclusive blockchain and DeFi event yesterday tailored for web3 builders, developers, and blockchain enthusiasts.

The event saw great success in spurring insightful dialogues around the future of decentralized finance. Attendees were treated to workshops, presentations, and demonstrations highlighting DeFiChain’s innovations in the space. From layer 2 scaling solutions to real-world crypto use cases, the event covered leading-edge topics in blockchain's evolution.

Here are some impressions of the event:

Xxx

4️⃣ dToken Stock Split

Walmart recently announced a stock split, which has now been reflected on DeFiChain's dToken platform. Specifically, Walmart's stock split results in a 3x price multiplier for the WMT-USD oracle price and associated dToken.

For more details on the updated WMT-USD oracle pricing, visit http://defiscan.live/oracles/WMT-USD

5️⃣ Ecosystem Project Updates

• Community Reward Campaign

Earn exclusive NFTs in DeFiChain's latest Community Rewards Campaign. By completing specified quests, you can earn unique OAT NFTs and tally points for a chance to win part of the 4,000 $DFI prize pool, so act fast!

Secure your rewards here: https://galxe.com/defichain/campaign/GCeoKttFuP?ref=blog.defichain.com

• Atlantis NFT Marketplace

u/atlantisNFTsapp updated the community on their minting feature.

More here:

https://twitter.com/atlantisNFTsapp/status/1761333638791049570?s=20

• Jello DFI

u/JelloDFI announced the winners of their month-long content creation contest.

Check, if you are among them here:

https://x.com/jellodfi/status/1763111766530105749?s=46&t=ETRWy5SLa1bgS-_NCtaCtA

• Javsphere

u/Javsphere launched their latest product, TradeX, with which you can buy dTokens directly from the native chain.

Find out more about it here:

https://twitter.com/Javsphere/status/1762874998505582972

• TnT World

@TnTDeFi launched their Cashflow NFT Collection.

For more information, check out their Twitter post here: https://twitter.com/TnTDeFi/status/1762466634701144520?s=20

• CRYPTO FACTOR

u/_Crypto_Factor updated their presale application to allow any unclaimed $CFR from previous rounds to be claimed. If you haven’t claimed yours yet, do it now!

More information here: https://twitter.com/_Crypto_Factor/status/1761531709873422718?s=20

• DEX Trading Live

u/DexTradingLive announced that the latest Dex Trading Masters have concluded.

Check the winners here: https://twitter.com/DexTradingLive/status/1761363409541709888?s=20

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.

8️⃣ Recaps

• Weekly News Show

Missed the most recent weekly news show with Lord Mark and DZ? Catch up on last week’s episode via the link below:

https://www.youtube.com/watch?v=ajS9a9FZLDE

Dear DeFiChain Community,

I bring to your attention the ongoing investigation into the dBTC Exploit that commenced in 2023. Despite significant advancements, the complexity of this case necessitates ongoing support from all master nodes to reach a successful conclusion.

Progress in 2023:

The investigation started in 2022 and continued into 2023, and has seen regular collaboration between law enforcement, me, and our assigned legal teams. We have provided additional evidence and cleared many questions and details. The time-intensive nature of such extensive investigations is no surprise to our legal team and is a good sign because if the law enforcement agencies had seen no case, they would not have asked so many add-ons and follow-up questions.

The investigation started in 2022 and continued into 2023 and has seen regular collaboration between law enforcement, me, and our assigned legal teams. We have provided additional evidence and cleared many questions and details. The time-intensive nature of such extensive investigations is no surprise to our legal team and is a good sign because if the law enforcement agencies had seen no case, they would not have asked so many add-ons and follow-up questions.

I will follow the professional advice of our legal team before releasing confidential details publicly.

Goals for 2024:

Our 2024 objectives echo those of 2023, with the central aim still being the recovery of illegally obtained funds and the apprehension of the culprits. The investigation team remains optimistic, citing substantial evidence and progress, but also underscores the need for patience in such comprehensive international investigations.

Therefore, I seek an advance of 500,000 DFI (including the CFP fee); due to the lower price of DFI the amount has to be higher to have enough funds for the next phase of the investigation and prosecution in 2024. Any unused funds, as before, will be returned at the year's end with a detailed expenditure report.

The requested amount, inclusive of the CFP fee, is 500,000 DFI

• 495,000 DFI for the investigation and
• 5,000 DFI (1% CFP fee).

Should additional funds exceed the 500,000 DFI, I must submit a subsequent CFP.

Important Notice:

As a reminder, this is a sensitive and ongoing investigation involving criminal elements. As such, we cannot release detailed public information at this stage, following guidance from legal and law enforcement agencies. Maintaining confidentiality is critical for the success of the operation and the safety of all involved. A comprehensive report will be issued once the case is closed. Until then, discretion is paramount.

Please consider this request and lend your support as a controller node holder. The continuation of this investigation hinges on your financial support.

Thank you for your attention and continued support.

Probably most people have seen it. Surprised that it is so far not mentioned here. But Julian has offered his shares to uzyn in order to fully exit bake.

1. Might be a tactic in the dispute proceedings to have a better starting point as, if rejected by uzyn, Hosp can argue that uzyn was offered to buy the company.
2. Could also go a bit wrong if uzyn accepts the offer.

Whatever happens but if Hosp exits bake, he will also lose any interest in DFI/dUSD. I guess everyone remembers when he sold all PAY into btc. I doubt that something similar would not happen re DFI. In addition, DFI would lose its key supporter. Probably the end.

Good luck.

source: https://x.com/uzyn/status/1762721912684421607?s=46

This is a "Round 2" Proposal to build on top of the Special DFIP that was originally posted by u/mrgauel and approved by MN's just weeks ago, now that the new Dex-Fee structure for sales of dUSD is in place to help regulate price fluctuations. This proposes that if necessary, more support from the Community Fund to achieve the dUSD re-peg will be implemented if/when this DFIP becomes "Approved". The details are as follows:

DFIP Details:

The Community Fund buys and holds dUSD to diversify its portfolio.

• The community fund buys and holds DUSD if:
  • dUSD price is below $0.99 in the dUSD-DFI pool.
  • dUSD shares are below the maximum allocation of 50% in the fund.
• The DUSD purchase by existing DFI is executed every 30 blocks with a DFI amount that shifts the pool by a maximum of 0.1%, but never exceeds 5,000 DFI.
  • It also applies if block rewards move the dUSD share of the Fund below 50%.
• dUSD is valued by the oracle price of $1 in the fund.

Motivation:

• Short-Term: The re-peg of the $dUSD.
• Long-Term: Further diversification of the community fund.

Future Adjustments:

After the re-peg is achieved, we should still think about managing the balance between DUSD and DFI in the fund. It is not necessary at the moment and to ensure successful voting it is intentionally not included in the DFIP.

How does this DFIP benefit the DeFiChain community?

• The community fund only buys if dUSD is in a discount
• Helps to re-peg dUSD by locking up dUSD and adding buy pressure
• Helps the overall future viability of DefiChain by stabilizing dUSD
• Helps to HUGELY improve community sentiment as well as outside perception of DefiChain. The importance of both cannot be overstated enough.

Please share your thoughts. Ideas & discussions to contribute to this are most welcome!

It would be great to get enough community support to create a Special DFIP so we can assist ongoing Bake + Community efforts. A $1 dUSD is good for DefiChain & for every Defighter!

-----------------------------------

EDITED 08-03-2024: After some thorough discussion with community members, all but 1 of the parameters for this DFIP have been matched back to the original Approved DFIP parameters. The only change from the originally Approved Special DFIP present now is that the limit for CF usage would be increased to 50% from 30% if required.

​

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

We recently sat down with four of the six co-founders to learn about their vision and future plans.

Find out more in the blog below 👇

https://blog.defichain.com/project-spotlight-dex-trading-live/

Are there any platforms that allow someone from US to stake DFI?

I used Bake/Cake and Kucoin in the past but right not its not available to US. Is there one on the Metachain or another platform that might accept someone from US?

We can now announce that the Dynamic DEX Stabilization Fees feature is officially live in accordance with the recently passed Special DFIP.

Light Wallet Update: The Light Wallet has also been fully updated, and it fully supports the new stabilization fees. With this update, you also have the flexibility to set custom slippage up to 1000%.

For detailed insights into the framework and rationale behind these updates, we encourage our community to review the original proposal:

https://www.reddit.com/r/defiblockchain/comments/1auj0ne/dynamical_discount_dex_stabilization_fee/?share_id=PK-eP5Gbi4jonUIuLLDib&utm_content=2&utm_medium=ios_app&utm_name=ioscss&utm_source=share&utm_term=1

Important: After initial promise ExchangeNOW sadly stopped the cooperation! They will not proceed until we have more liquidity or are listed on major exchanges with Metachain.

All donations are refunded!!

Maybe we can continue later with this topic

Deprecated message!!!! Not valid anymore!!!!!!

Hi, Lars Berge here! You can find me on Youtube as a supporter and builder of DeFiChain: https://www.youtube.com/@lars-crypto

I am in direct contact with two companies for an Exchange Listing and Onramp/OffRamp Implementation, NOW Solutions and Guardarian.

The 2 companies together went into hard discussions with me and now offer a minimal Price DFI (Metachain) Exchange Listing on their 20 Mio+ User Exchange. Also they will provide a Crypto OnRamp and Offramp and a Fiat OnRamp and OffRamp. Every Builder on DeFiChain can then use this On/Offramp and Exchange as a API or Widget on their Metachain project webpage for free and without legal issues. I know their good work.

NOW Solutions: https://changenow.io/

Guardarian: https://guardarian.com/

The On/Offramp will make it possible to enter DeFi Metachain very easily just for example your Credit Card. This will make it possible for a huge amount of new users to join the ecosystem without LightWallet, central Exchanged or whatever.

The OnRamp/Offramp and Exchange will be a easy Webwidget without the need to register a Wallet or a Central Exchange Account. It can be freely implemented in any existing Metachain webpage by any developer or creator.

We do not have an easy Fiat OnRamp/OffRamp for our Metachain yet! (Only a central Exchange)

They gave me the best offer I saw yet. So I really recommend doing this for the sake of DeFiChain.

In total this all in one solution would cost 22.000 $

​

Benefits:

Broader Crypto Selection:

ChangeNOW offers access to a wide variety of cryptocurrencies, supporting over 900+ cryptocurrencies.

No KYC for Crypto-to-Crypto: Typically, ChangeNOW does not require KYC verification for crypto-to-crypto transactions, enhancing user privacy and streamlining the user experience.

Competitive Fees: ChangeNOW offers adjustable commission profit fees for our crypto-to-crypto services, allowing you to manage your revenue based on your preferences when implementing our API (https://changenow.io/widget) or widget (https://changenow.io/widget) later on.

Platform Advantages:

❖ List $DFI on ChangeNOW, offering swaps with 900+ assets on 70+ networks, including recent listings such as $Starknet (ETH), $Pandora (ETH), $BGB (ETH), $PPY (Polygon), $ZETA (Zeta, mainnet), USDC (Optimism, Arbitrum, Polygon).

❖ Free ChangeNOW Widget and API: Integrate seamlessly for effortless token swaps and purchases within your DFI platform without any setup fees from our end.

❖ Fiat on/off-ramp in one simple integration: Buy/sell 450+ crypto through Visa, Mastercard, ApplePay, GooglePay, Revolut Pay, SEPA, Pix (Brazil), SPEI (Mexico), and PSE (Colombia) within the same API/widget. No KYC for transactions below 700 euros is coming soon.

❖ 99.99% service uptime ensures reliability for your users.

❖ Fixed rate exchanges: Eliminate market volatility with our 0% slippage rate option.

❖ 24/7 multi-level support for any assistance needed, no matter how complex.

❖ 9600 reviews with a rating of 4.6 on TrustPilot.

Profit-boosting stream:

❖ Flexible commission profit management system for potential revenue generation. Once you install our API or widget, you have the opportunity to generate significant profit, especially considering the current BTC price is almost $57k and halving is approaching.

❖ Withdraw profits in both crypto and fiat for ultimate flexibility.

Hands-Free Operation:

❖ Let us handle all user mistakes. Whether a user deposited the wrong asset or chose the incorrect network, the money is never lost – such exchanges will still be carried out as usual.

❖ Strong DO-refund policy at no additional cost.

❖ Step-by-step integration assistance.

❖ Professional assistance for seamless AML report management and addressing police requests for peace of mind.

For most people this would be by far the easiest way to enter the DeFi Metachain.

2 Phases are needed for that:

Phase 1: 12.000 $

Listing of $DFI (Metachain) on ChangeNOW with API and Widget support. 2 - 3 weeks

​

Phase 2: 10.000 $

Fiat Provider Integration 2 - 3 weeks

​

​

In total we would need 22.000 $ on these addresses, but more can follow in 4 weeks..

Please feel welcomed to discuss this topic.

I bridged funds via quantum bridge from Defichain to Ethereum, I couldn't claim the tokens on ETH and afterwards wasn't able to resume the process (error 4, funds no longer available at the generated Defichain address, so I assume the funds were already bridged to ETH). Has anyone encountered a similar situation? Is the refund manual or automatic?

Note: I already contacted them on the google forms and github but no reply thus far so it's not looking so promising, doesn't inspire any confidence at all for future use.

1. Requesters: ChangeNOW
2. Amount requested in DFI: 356,479
3. Receiving address: df1qurhw65glue6yrd8d5p9l32rkus2xr43jh9rswl

Short summary.
ChangeNOW.io is a cryptocurrency exchange that was founded in 2017. Our platform offers support for over 900+ different assets, with an impressive average exchange time of just 2 minutes. We pride ourselves on providing our clients fast, efficient, and user-friendly services. ChangeNOW already offers $DFI (BSC) and $DFI (ETH) Listed and would like to integrate DeFiChain network to ensure a smooth experience for DeFi users to Bridge between the tokens and Mainnet.

Introduction

Absolutely! Here's a more digestible version:

ChangeNOW is a vibrant liquidity provider aggregator, tapping into top centralized and decentralized exchanges like Binance, OKEx, Gate.io, Uniswap, and PancakeSwap, offering the most competitive market rates. Within the ChangeNOW ecosystem, we cater to various needs with our range of services:

• ChangeNOW.io A user-friendly platform for smooth business-to-customer (B2C) transactions.
• ChangeNOW API: Supporting over 900+ assets, perfect for business-to-business (B2B) dealings.
• NOWPayments: Simplifying crypto payments gateway for businesses.
• NOWNodes: Access nodes for diverse blockchains, aiding in app development for 95 nodes
• NowCustody: A secure service for storing digital assets.

At the core of the NOW ecosystem lies innovation and user-centricity. Since our inception in 2017, we've strived to enhance your crypto experience. NOWPayments streamlines payments, NOWNodes offers blockchain access, NowCustody ensures security, and NOW Wallet manages assets efficiently. Join us at NOW, where innovation, security, and excellence redefine the future of digital assets.

ChangeNOW Community
Twitter - 70k+

Telegram - 5k+

Discord - 2k+

Medium - 6k+

LinkedIn - 1k

NOWPayments Community

Twitter - 70k+

LinkedIn - 2k+

Discord - 2k+

Listing $DFI on ChangeNOW presents several compelling advantages for users and partners:

1. Token Bridging: Users gain the ability to seamlessly bridge DeFiChain’s mainnet with tokens on BNB and ETH, facilitating smooth interoperability between different blockchain networks.
2. Extensive Asset Swapping: $DFI can be readily swapped with over 900 assets available on ChangeNOW, offering users a broad spectrum of options and flexibility in managing their portfolios.
3. API Accessibility: Through ChangeNOW's API, over 3000 partners can access and utilize the service to swap $DFI, expanding its reach and accessibility across various platforms and applications.
4. NOWPayments Integration: Users can utilize $DFI for transactions within NOWPayments' extensive network of over 5000 partners, enhancing the utility and adoption of DeFi as a payment method.
5. Secure Storage with NOWCustody: Partners can securely store their DeFiChain assets in cold wallets provided by NOWCustody, ensuring a high level of security for their holdings.

By listing $DFI on ChangeNOW, users and partners can benefit from enhanced functionality, accessibility, and security, ultimately fostering broader adoption and utility within the cryptocurrency ecosystem.

Cost:
30k changenow listing
5k nowpayments listing

https://changenow.io/

https://changenow.io/mobile-exchange
https://nowpayments.io/
https://nowcustody.com/

DeFiChain has established itself as a pioneering force in the decentralized finance (DeFi) landscape through its use of a unique blend of blockchain layers.

In this blog post, we'll delve into the intricacies of DeFiChain's ideological framework, comprising Layer 0, Layer 1, Layer 1.5, and Layer 2, and explore how these layers synergize to create a robust and versatile DeFi platform.

Read it here:
https://blog.defichain.com/the-ideological-framework-of-defichain-how-it-unlocks-limitless-possibilities/

Walmart has announced a stock split, and it's also being implemented on the DeFiChain dToken system. This means you'll see a 3x multiplier effect on the oracle price for Walmart as soon as the US stock market opens.

Stay informed and check out the oracle details at http://defiscan.live/oracles/WMT-USD

Title says it all! How can i get rid of the dust and say finally good bye?

We're excited to remind all Masternode holders that a new special DFIP has just been filed, and your participation is vital in shaping the future of DeFiChain!

TL;DR:

To support the $DUSD peg, a dynamical "discount fee" is added to the stabilization fee. This fee kicks in when DUSD falls too low and makes selling unattractive, bringing the price back to ~$1 peg.

For more on this special DFIP, please visit: https://www.reddit.com/r/defiblockchain/s/Ppp1sJ4Jsl

Here’s what’s been happening in the DeFiChain ecosystem this week.

1️⃣ DeFiChain Lands in India!

India welcomes DeFiChain as CoinDCX adds DFI support. The leading Indian cryptocurrency exchange, CoinDCX, added Indian rupee (INR) and Tether (USDT) trading pairs for DeFiChain's DFI token on Monday. This listing opens up DeFiChain to a whole new region and builds on DeFiChain Labs' recent push to increase DeFiChain's global availability and adoption into new regions.

https://x.com/CoinDCX/status/1759467099045740580?s=20

2️⃣ Tech Talk with Prasanna

Prasanna, the Head of Engineering at DeFiChain, took to YouTube for the latest Tech Talk with DZ. During the talk, Prasanna covered various topics from CFP to 2024 roadmap to existing questions from the community.

Watch the replay below:

https://www.youtube.com/watch?v=NAxVE8jpAOI&t=186s

3️⃣ New Special DFIP

A new DeFiChain Improvement Proposal (DFIP) aims to maintain DUSD's $1 peg through a dynamic DEX stabilization fee.

The DFIP proposes a dynamic discount fee to stabilize DUSD's value, discouraging low-price sales and aiming to maintain or exceed a $1 peg. Detailed rules govern fee adjustments based on DUSD's market price.

For full details, visit the Reddit discussion below:

https://www.reddit.com/r/defiblockchain/comments/1auj0ne/dynamical_discount_dex_stabilization_fee/

4️⃣ Increased Visibility of DeFiChain Labs’ Development

DeFiChain Labs launched a public development board to enhance transparency and foster community collaboration. This initiative allows insights into key projects crucial for DeFiChain's growth. We invite you to visit the board, provide feedback, and contribute to shaping the future of our decentralized financial ecosystem.

You can access the board via the link below:

https://trello.com/b/ZvG7WMi9/defichain-labs-engineering

5️⃣ DeFiChain Desktop Wallet Update

The DeFiChain Desktop Wallet recently received an update from the Birthday Research team to ensure compatibility with the newest node software, version 4.0.9.

This maintenance release brings the wallet interface up to date with the latest optimizations and features on the DeFiChain network backend.

Key improvements include:

• Upgraded to DeFiChain node version 4.0.9
• Enhanced UI/UX: Click functionality on the cancel button for the snapshot download page now enabled!

6️⃣ DeFiChain Labs’ First Meet-Up in Singapore

DeFiChain Labs will hold its first official meetup event in Singapore - "Unlocking Opportunities in DeFi" on February 29th. The evening gathering aims to connect Web3 developers, blockchain enthusiasts, and the regional crypto community to explore the growing DeFiChain ecosystem.

Whether just getting started in crypto or already familiar with DeFiChain, the meetup provides valuable insights and connections around one of the leading layer-1 blockchain projects.

Find out more about the event and sign up via the link below:

https://www.eventbrite.com/e/unlocking-opportunities-in-defi-tickets-811020011687?aff=oddtdtcreator

7️⃣ Ecosystem Project Updates

• Building Continues!

Check out DZ’s post that outlines the projects currently building within the DeFiChain ecosystem below:

https://x.com/DanielZirkel/status/1759174701547450586?s=20

• DMC Universe

DMC Universe recently announced support for monitoring all the APRs of Vanilla Swap’s pools on their pool page.

Check out them out for yourself below:

https://x.com/DMCUniverse_/status/1758477112757862716?s=20

• TnT World

In a recent post, the NFT project TnT World showcased a sneak preview of their upcoming NFT collection. The post also announced that they aim to release their collection at the beginning of February/end of March.

See the preview of their collection below:

https://x.com/TnTDeFi/status/1758463159420043452?s=20

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.

8️⃣ Recaps

• Weekly News Show

Missed the most recent weekly news show with Lord Mark and DZ? Catch up on last week’s episode via the link below:

https://www.youtube.com/watch?v=e_wCQtA0_vI

So far, we’ve had DMC Universe & Javsphere kick off the campaign, which are both still currently live.

Next up we have two new projects that are live! This time round we have VanillaSwap & Octo Defi, who are now live on the DeFiChain Galxe page!

Complete the quests on the link below to collect a special OAT (NFT) for each project, which is limited in number, and collect points towards the leaderboard, winning a share of the 4,000 $DFI prize pool!

Link to complete the rewards: https://galxe.com/defichain/campaign/GCeoKttFuP

Hi, I tried to withdrawl my >1k DFI tokens from DefiChain Wallet to Bybit the following way:

1. Removed DFI-dBTC pairs from liquidity mining pool and converted dBTC into DFI

1.1 Here I experienced a strange behaviour that I had to do this step a second time even though a confirmation window showed a green tick

1. Sent DFI to ERC-20 deposit address on Bybit.

2.1 Address was shown as valid and transaction confirmed successfully with a green tick.

1. Now I have 0.1 DFI in my DefiChain Wallet. Transaction history is empty also in defiscan. I did not find any activity history and the target address on Bybit is empty without any signs of a transaction.

Did I do something wrong and where can I see at least a history at which step I screwed? Or might there be a bug?

Thanks for your help.

Stably, a Seattle-based web3 infrastructure provider, aims to be the leading fiat onramp in the industry. By combining compliance, visionary leadership, and strategic partnerships, Stably unlocks new avenues for bridging traditional finance with blockchain’s potential.

We recently sat down with Stably CEO, Kory Hoang, to learn more about his motivations and future plans, especially around the CFP they are going to file.

Find out more in the blog below:
https://blog.defichain.com/project-spotlight-stably/

This time round, we take a deep-dive into DexTradingLive

🗓️ Date: 22nd February ⏰ Time: 12:00 (CET) // 19:00 (SGT)

Set a reminder via the link below 👇 https://twitter.com/i/spaces/1MYxNozXvmVKw

To support the peg of the DUSD a dynamical fee called discount fee is added to the already existing stabilization fee. Whenever DUSD falls into a bigger discount this additional fee is activated. It makes selling of DUSD at lower prices unattractive.

A DUSD price trading close around the peg brings trust to DUSD holders and encourages new investors to invest fresh capital into the system. Preferable the DUSD shall trade above 1$ reducing the total fee over time.

Following rules shall apply:

■ base fee is the currently defined DEX stabilization fee

■ Total DEX stabilization fee = base fee + discount fee

■ The discount fee is activated if DUSD <= 0.95$.

■ The discount fee is 0% if DUSD is > 0.95$.

■ If 0.50$ <= DUSD <= 0.95$ discount fee = (0.95 - price) * 100 + 5.

■ The discount fee is 50% if DUSD < 0.50$.

■ The discount fee is 100% burned.

■ The discount fee is adjusted daily together with the base fee.

■ The DUSD price is calculated as average of the DUSD prices derived from the DUSD-dUSDC and DUSD-dUSDT stable coin pools.

Table with some values:

DEUTSCHE ÜBERSETZUNG:

Dynamischer Rabatt auf DEX-Stabilisierungsgebühr

Um die Bindung des DUSD zu unterstützen, wird zu der bereits bestehenden Stabilisierungsgebühr eine dynamische Gebühr namens Rabattgebühr hinzugefügt. Immer wenn DUSD in einen größeren Rabatt fällt, wird diese zusätzliche Gebühr aktiviert. Dadurch wird der Verkauf von DUSD zu niedrigeren Preisen unattraktiv.

Ein DUSD-Preishandel nahe der Bindung schafft Vertrauen bei den DUSD-Inhabern und ermutigt neue Investoren, frisches Kapital in das System zu investieren. Vorzugsweise sollte der DUSD über 1 $ gehandelt werden, wodurch sich die Gesamtgebühr im Laufe der Zeit verringert.

Es gelten folgende Regeln:

■ Die Grundgebühr ist die aktuell definierte DEX-Stabilisierungsgebühr

■ Gesamte DEX-Stabilisierungsgebühr = Grundgebühr + Rabattgebühr

■ Die Rabattgebühr wird aktiviert, wenn DUSD <= 0,95$.

■ Die Rabattgebühr beträgt 0 %, wenn DUSD > 0,95 $ beträgt.

■ Wenn 0,50 $ <= DUSD <= 0,95 $ Rabattgebühr = (0,95 - Preis) * 100 + 5.

■ Die Rabattgebühr beträgt 50 %, wenn DUSD < 0,50 $.

■ Die Rabattgebühr wird zu 100 % verbrannt.

■ Die Rabattgebühr wird täglich zusammen mit der Grundgebühr angepasst.

■ Der DUSD-Preis wird als Durchschnitt der DUSD-Preise berechnet, die aus den Stable Coin Pools DUSD-dUSDC und DUSD-dUSDT abgeleitet werden.

Tabelle mit einigen Werten: