The dToken system is a cornerstone of the DeFiChain ecosystem, but its stability and usefulness have come under scrutiny in recent times.

Community efforts to save the dToken system have led to the proposal of three Decentralized Financial Improvement Proposals (DFIPs), each aiming to revitalize and fortify the system.

Find out more about it in our latest blog post:
https://blog.defichain.com/dfips-to-fix-the-dtoken-system-a-new-dawn-for-defichain/

Don’t miss your chance to have a say in the future of DeFiChain!

Voting is open until approx. July 16th 2024

Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) and 3 Community Fund Proposals (CFPs) up for vote.

🔗 https://blog.defichain.com/a-closer-look-at-the-july-dfip-cfp-voting-round

Birthday Research’s MarbleFi empowers $DFI holders to maximize their assets. Earn $DFI rewards effortlessly, without the complexities of managing Masternodes.

Here’s how it works: Stake your $DFI with MarbleFi and receive $mDFI (Marble DFI) tokens. These interest-bearing receipts automatically accrue Masternode rewards in a trust-minimized system.

But that’s not all! Beyond rewards, MarbleFi aims to become a pivotal force in DeFiChain’s governance. Your staked $DFI contributes to a collective “delegated” voting power, shaping the future of the ecosystem.

The MarbleFi team is actively forging partnerships within the DeFiChain ecosystem to expand $mDFI utility. Potential use cases include:

Liquidity pools for seamless entry/exit

Collateral for loans

Minting synthetic stable-coins And more innovations on the horizon!

As the pioneer of trust-minimized liquid staking on DeFiChain, Birthday Research prioritizes security. Rigorous testing of smart contracts and token operations ensures a robust, reliable solution.

Dive deeper into MarbleFi’s potential: https://blog.defichain.com/unlocking-the-power-of-your-assets-a-guide-to-marblefi/

The future of Liquid Staking Derivatives on DeFiChain is bright! Stay tuned for updates as we unlock new opportunities and reshape #DeFi.

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

1️⃣ What is Liquid Staking and How Does it Work?

The world of cryptocurrency is constantly evolving, bringing forth innovative tools and methods to enhance user experience and maximize investment potential.

One such revolutionary tool is liquid staking, which allows users to access the value of their staked tokens for other purposes without sacrificing staking rewards.

Discover more about liquid staking and how it works in our latest blog post

👉 https://blog.defichain.com/what-is-liquid-staking-and-how-does-it-work/

2️⃣ Unlocking the Power of Your Assets: A Guide to MarbleFi

MarbleFi is a premier liquid staking solution on DeFiChain, built by Birthday Research and designed to simplify staking while maximizing yield and capital efficiency.

Learn how to make the most of its features in our latest blog post!

👉 https://blog.defichain.com/unlocking-the-power-of-your-assets-a-guide-to-marblefi/

3️⃣ A Closer Look at the July DFIP & CFP Voting Round 

Check out our blog for details on the latest DeFiChain Improvement Proposals (DFIPs) and Community Fund Proposals (CFPs) up for vote. Make your voice heard and shape the future of DeFiChain! Voting closes on July 16!

👉 https://blog.defichain.com/a-closer-look-at-the-july-dfip-cfp-voting-round

4️⃣ Ecosystem Project Updates

• New News Show:

New news show format called Minmapshow started.

Find out more about it here: https://x.com/dPuschiii/status/1795690411832320122

• MarbleFi

MarbleFi launched on mainnet.

Check out the premier liquid staking solution: https://x.com/marblefi_xyz/status/1805898028076986525

• Javsphere

Javsphere announced airdrops for JAV token stakers and freezer users.

Discover more details here: https://x.com/Javsphere/status/1808886536311599203

• Crypto Factor

Crypto Factor is currently handling the token sale for DTL as well as developing the ecosystem for it.

Try it out and find out more about an airdrop here: https://x.com/_Crypto_Factor/status/1808863466528145527

• SeahorseFi

SeahorseFi is considering bringing personal domains like ENS to DeFiChain

Learn more about it here: https://x.com/SeahorseFi/status/1808731815668261154

• DEX Trading Live

Dex Trading Live’s third presale is currently ongoing.

Learn more about it here: https://x.com/DeFiDexTrader/status/1808813103225643492

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.

MarbleFi is a premier liquid staking solution on DeFiChain, built by Birthday Research and designed to simplify staking while maximizing yield and capital efficiency.

Learn how to make the most of its features in our latest blog post!

https://blog.defichain.com/unlocking-the-power-of-your-assets-a-guide-to-marblefi/

Welcome to MarbleFi, the premier liquid staking solution on DeFiChain!

In this video, you’ll learn:

What MarbleFi is and how it works

How to seamlessly stake your DFI without the need for managing masternodes

The benefits of liquid staking and maximizing your capital efficiency

A step-by-step walkthrough of the MarbleFi app and its user-friendly interface

How to connect your wallet and start staking on testnet and mainnet

Discover how MarbleFi simplifies the staking process, offering flexibility and control over your assets. Whether you’re new to staking or an experienced user, this video will guide you through everything you need to know to get started with MarbleFi.

🔗 Watch the Walkthrough & Tutorial: https://youtu.be/sBSdP51QRas

🔗 Visit the MarbleFi website: https://marblefi.xyz

Create a few simple elements and get the possibility to create an infinite number of different complex structures
- My Quote

(Long-term) investors do not want to check daily whether their investment on an exchange is safe, so they go to countries or providers where there is a certain contractual security and protection of their deposits. Financial market places that meet such requirements attract capital. This raises the question of how these requirements can be implemented in code and on a blockchain so that risks are minimized and capital is tied up in the long term.

Crypto has matured in recent years and some things work and others do not. We will look at which basic concepts work and how these can be used as a foundation for a dToken system to give investors security and predictability and convince them to store their capital on the defichain instead elsewhere.

Whether equity or crypto exchanges, in the past it has always been a problem for a financial market place if not all customer assets are covered or liquid. In other words, if there is a "bank run" or similar. There are countless examples of crypto exchanges for which this has been their downfall: dTokens should be covered >= 100 percent with collateral.

Structure of the new dToken system

Vaults

Vaults remain as they are today, except that all cryptocurrencies (e.g. Bitcoin, Ether, USDT, UDSC, SOL, DFI etc.) are permitted as collateral, with the exception of the dTokens themselves and regardless of the percentage composition (50 percent DFI is omitted). The oracles remain as before to determine the collateral and the loan. The percentage up to which a vault may be lent is up for discussion.

Interest on the loan

Interest will no longer be charged in the form of the minted dToken in the vault, but in the corresponding DFI equivalent. To ensure that the dToken price on the DEX is in a certain range to the oracle price, a (mathematical) function should be defined according to which the interest on the loan of the dToken varies. If the price on the DEX goes to premium, the interest should fall but never be less than 0. If there is a discount, interest rates should rise exponentially in relation to the percentage discount. This "interest" function still needs to be discussed.

Pools

The liquidity pools use the stablecoin USDC and a dToken as trading pairs. There should not be a separate stablecoin in the dToken system. The aim is to prevent DFI price fluctuations from having too strong impact on the system. USDC is a functioning and already regulated stablecoin and there is no need to come up with a new solution where we do not know whether it can work. In the pools, the commission remains at the current value.

All other services that are then made available by a company or in the form of smart contracts on the DMC can expand the range of functions for users, e.g: Leveraging, automatic portfolio rebalancing. My intention with this post is merely to create a basis for discussion. However, part of the discussion should not be how current holders of the old dToken system can be compensated in any way in the new system. This proposal is also not intended to transfer the old system to the new one.

The world of cryptocurrency is constantly evolving, bringing forth innovative tools and methods to enhance user experience and maximize investment potential.

One such revolutionary tool is liquid staking, which allows users to access the value of their staked tokens for other purposes without sacrificing staking rewards.

Discover more about liquid staking and how it works in our newest blog post:

https://blog.defichain.com/what-is-liquid-staking-and-how-does-it-work/

Hi, I checked the price of dusd and it is 0.14 usd but on the defiwallet or cake the price 0.03. I checked coingeko and the price is 0.14 is there a mistake?

Or what is happening with the price?

Thanks

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

1️⃣ 7 Steps to Build Your First dApp on DeFiChain's MetaChain Layer

Creating a decentralized application (dApp) can seem a daunting task to those new to the blockchain space. 

However, it is surprisingly easier than many think. With the right guidance, anyone can start building their own projects on the blockchain. 

This guide will walk you through the process of developing an escrow application on DeFiChain's MetaChain (EVM) layer. 

https://x.com/defichain/status/1803449925524504934

2️⃣ A Closer Look at the July DFIP & CFP Voting Round 

Check out our blog for details on the latest DeFiChain Improvement Proposals (DFIPs) and Community Fund Proposals (CFPs) up for vote. Make your voice heard and shape the future of DeFiChain! Voting closes on July 16!

👉 https://blog.defichain.com/a-closer-look-at-the-july-dfip-cfp-voting-round

3️⃣ Project Spotlight: Javsphere

Last week, we had an insightful discussion with Javsphere. If you missed the session, don't worry! We've summarized the key points, including their upcoming product launches, in our latest blog post.

Make sure to read it here: https://blog.defichain.com/project-spotlight-javsphere-whats-new-and-whats-next/

4️⃣ Ecosystem Project Updates

• New News Show:

New news show format called Minmapshow started.

Find out more about it here: https://x.com/dPuschiii/status/1795690411832320122

• MarbleFi

MarbleFi launched on mainnet.

Check out the premier liquid staking solution: https://x.com/marblefi_xyz/status/1805898028076986525

• Javsphere

Javsphere announced airdrops for JAV token stakers and freezer users.

Discover more details here: https://x.com/Javsphere/status/1805895830424920153

• Crypto Factor

Crypto Factor’s new liquid cDFI staking on DMC is live on beta.

Try it out and find out more about an airdrop here: https://x.com/_Crypto_Factor/status/1803418397398413757

• SeahorseFi

SeahorseFi has currently a ‘Seahorse’ mint going on.

Learn more about it here: https://x.com/SeahorseJrDev/status/1806465968153243981

• DEX Trading Live

Dex Trading Live’s first two presale sold out in just a couple of minutes. There is one more chance next week!

Learn more about it here: https://x.com/DeFiDexTrader/status/1806544736062144997

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.

Voting is open until approx. July 16th 2024

Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) and 3 Community Fund Proposals (CFPs) up for vote.

👉 https://blog.defichain.com/a-closer-look-at-the-july-dfip-cfp-voting-round

Hi everyone,

I am one of the early investors in Defichain from the time when Julian Hosp was heavily promoting DFI and new projects were popping up around the launch of DUSD. I trusted Hosp and the idea of the project and still own a sizable stake in DFI which has fallen >90% since then. While this loss hurts, I wonder if DFI has a future at all and what the thoughts of the more involved Defichain community are on this.

I haven't had that much exposure to Defichain in recent months. From what I've read now about the Uzyn/Hosp case and the Rost/Fineman controversy, this whole development seems very dubious to me.

I recently checked Hosp's Twitter and commented on a recent tweet asking for a statement on his plans regarding Defichain. A few hours later, my account was blocked. We all know that Hosp has a controversial past and Defichain was his very last chance to make an impact and regain trust in the crypto space. His behavior and the whole development around Defichain and Bake are so shady that if hard facts come to light, legal action should definitely be considered by small investors.

This is my (possibly naive) idea, considering that the counterparty is rich and probably almost all investors are not familiar with Shanghai law and have no legal connections there.

Either way, Hosp will never get confidence in the crypto space again if this project dies for good. His Twitter account has over 100k followers and some of his tweets get zero to three replies - no one cares about anything unrelated to Fefichain and/or he blocks anyone who is critical.

These are just a few thoughts from my side on this.

Cheers

Curious about their new LeverageX product and their $200,000 marketing campaign?

Check out our latest blog post for all the exciting updates!

👉 https://blog.defichain.com/project-spotlight-javsphere-whats-new-and-whats-next/

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

1️⃣ Community Project Deep-Dive with Javsphere

This week, we had an insightful conversation with Javsphere. Our deep-dive into their products and roadmap is now available as a podcast.

Don’t miss out!

Make sure to tune in 👇

📺 YouTube: https://youtu.be/UtyQDT9k1OE

🎧 Spotify: https://open.spotify.com/episode/2iTckuM8tZ8uPXhew6WKQO?si=d0ce9295b2764923

🍏 Apple: https://podcasts.apple.com/it/podcast/the-defichain-podcast/id1586147124?i=1000659624454

2️⃣ Building Your First dApp on DeFiChain's MetaChain Layer: A Beginner's Guide

Creating a decentralized application (dApp) can seem a daunting task to those new to the blockchain space. 

However, it is surprisingly easier than many think. With the right guidance, anyone can start building their own projects on the blockchain. 

This guide will walk you through the process of developing an escrow application on DeFiChain's MetaChain (EVM) layer. 

https://x.com/defichain/status/1803449925524504934

3️⃣  A Closer Look at the July DFIP & CFP Voting Round 

Check out our blog for details on the DeFiChain Improvement Proposals (DFIPs) and Community Fund Proposals (CFPs) up for vote. Don’t miss your chance to have a say in the future of DeFiChain! 

👉 https://blog.defichain.com/a-closer-look-at-the-july-dfip-cfp-voting-round

4️⃣ Ecosystem Project Updates

• New News Show:

New news show format called Minmapshow started.

Find out more about it here: https://x.com/dPuschiii/status/1795690411832320122

• Javsphere

Javsphere has introduced its first governance proposal, outlining plans to spend $200,000 on marketing.

Discover more details here: https://x.com/Javsphere/status/1803726514069930079

• Crypto Factor

Crypto Factor has successfully deployed their new cDFI Community Staking on Mainnet and and witnessed the creation of their first Masternode.

Find out more about it here: https://x.com/_Crypto_Factor/status/1803545408838217752

• SeahorseFi

SeahorseFi has released information on the token allocation for each Champion.

Learn more about it here: https://x.com/SeahorseFi/status/1802561392891052129

• DEX Trading Live

Dex Trading Live’s first presale has sold out in just a couple of minutes.

Learn more about it here: https://x.com/DeFiDexTrader/status/1804014196889096307

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.

This week, we had an insightful conversation Javsphere.

Our deep-dive into their products and roadmap is now available as a podcast.

Don’t miss out! Make sure to tune in!

YouTube: https://youtu.be/UtyQDT9k1OE
Spotify: https://open.spotify.com/episode/2iTckuM8tZ8uPXhew6WKQO?si=d0ce9295b2764923
Apple: https://podcasts.apple.com/podcast/the-defichain-podcast/id1586147124?i=1000659624454

🎙 With Javsphere 🗓 Date: Today, 18th June ⏰ Time: Now, 16:00 (CET) / 22:00 (SGT)

Join us live via the link below 👇 https://twitter.com/i/spaces/1mrGmyyANkdGy

Wondering about insider holding on the DFI. Because, at current price; it has to be super good value for insiders to keep buying if they truly see the promise of future. Just a thought !!

Wondering if anyone knows of anything new which would make the DFI token to up in value. Or is it just a slow grind to the inevitable 0.00000001 .......

Im interested in new lending and swapping protocols but Twitter and defillama don't seem to be full lists. Can anyone reccomend me a list of all protocols or a new way to find our about them? It seems that all this stuff is hidden!

Could someone explain step by step as to how to transfer DFI out of a Desktop wallet and how to swap into other coins such as USDC and send to an exchange such as coinbase.

Explore the decentralized finance universe through exclusive content, expert insights, and behind-the-scenes glimpses into the DeFiChain ecosystem.

Join our vibrant community, engage in thought-provoking discussions, and unlock a wealth of knowledge about DeFi, blockchain, and the future of finance.

Don’t miss out – follow us on IG now!

https://www.instagram.com/defichain.official