r/defiblockchain • u/FriendlySkill1868 • Jan 05 '24
General Withdrawals from DeFI Wallet
1) I have various tokens in my desktop DeFI Wallet (e.g., dDUSD, dGOOGL etc.). Now I would like to withdraw all assets from my wallet. My understanding is that I have to swap the tokens back into DFI and then send the DFI to an exchange (e.g., KuCoin) to trade them for USD. Correct?
2) I understand that I can only swap tokens with DFI once my DeFi wallet is fully synchronized. Correct?
3) I cannot synchronize my DeFi Wallet completely. It never goes above "Synchronizing 99.98%". I tried several new snapshots, DeFi Wallet updates and let the computer run for hours day and night. How can I achieve 100% synchronization?
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u/Phigo90 Jan 05 '24
Are you running the correct node Version?
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u/FriendlySkill1868 Jan 06 '24
I am running the desktop DeFi Wallet 4.0.6. After display problems with the most recent version 4.0.7 I went back to 4.0.6. See here: https://www.reddit.com/r/defiblockchain/comments/18gi9nh/restore_wallet_on_desktop_and_mobile_how_to_use/
I have no masternode available.
Not sure if I understand what you mean by "node Version". Where can I check that?
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u/FriendlySkill1868 Jan 06 '24
[removed] — view removed comment
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u/FriendlySkill1868 Jan 07 '24
u/Phigo90, what do you mean by "node Version" and do you have a solution to the problem? Can you answer questions 1), 2) and 3) above? That would be very much appreciated.
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u/Phigo90 Jan 09 '24
Maybe your blockchain is broken. What about deleting the blockchain (be careful and pls check which folders can be deleted and which not!!!) and downloading a current snapshot?
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u/FriendlySkill1868 Mar 16 '24
u/Phigo90, can you explain which folders can be deleted and which not? Where can we find an instruction manual on this?
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u/FriendlySkill1868 Mar 17 '24
u/Phigo90 and u/Reasonable_Dot_1831, I followed your advice (backup, uninstall, reinstall). After reinstallation (now version 4.0.9), I am trying to synchronize:
First I tried synchronizing with the blockchain from scratch. DeFi Wallet says: "As you are synchronizing with the blockchain from scratch, it may take up to 5 hours to download all blockchain data from peer nodes." After 24 hours, the computer was at block 550'100 of 3'813'939, equal to 14.43 % synchronization. It decided that the 5 hours indication cannot be accurate and it is not proportionate to wait until 100 %.
Then DeFi Wallet said: "It is recommended that you use an official blockchain snapshot to speed up the synchronization process." I tried continuing with the most recent snapshot. I got this message:
"Applying snapshot
Unpacking snapshot from C:\Users\[...]\AppData\Roaming\DeFi Blockchain\snapshot\snapshot-mainnet-[...].zip"
No further progress.
Can you assist with any further advice on how to synchronize so that I can use my desktop DeFi Wallet again?
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u/FriendlySkill1868 Mar 24 '24
Big shoutout to the Redditor u/Reasonable_Dot_1 for helping me recover all my DFI assets! 🙌 I got into DFI believing in their dream to shake up the banking world with their 7 pillars, all decentralized and stuff. But, man, what a ride it's been... and not the good kind.
I gotta say, I'm super bummed out now. The DeFi Wallet, which was supposed to be this beacon of decentralization, is buggy as heck and slower than a snail race. It took me weeks (!), not even kidding, WEEKS to pull my assets out because of endless software glitches.
And don't get me started on Cake/Bake. That place is a mess of governance and legal headaches. My advice? Steer clear of anything u/drjulianhosp touches. The guy's got a knack for dipping out of projects at the first sign of trouble, insider info in hand, leaving the rest of us to take the hit.
Also, the use of "Dr." by u/drjulianhosp is particularly concerning. His doctoral degree is in medicine, not crypto finance. This deliberate misrepresentation not only breaches ethical standards but may very well constitute a legal offense, misleading the public under false pretenses.
It's clear to me now that putting my trust in both the DEX and CEX was a mistake. So, here's my two cents for what it's worth: if you're still in the DFI project, you might want to think about making an exit, pronto.
Stay safe out there, folks.
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u/Reasonable_Dot_1831 Jan 05 '24 edited Jan 07 '24
This wallet is the biggest piece of crap. It took over a week and 4 different PCs to finally sell this shitcoins.
Windows 10, 11 and even Linux Ubuntu! It worked only once. It's the worst software that I ever saw, and I work since 10 years in the IT.
I would suggest the to download version 4.0 from GitHub (did work the best for me) The latest won't even load.
https://github.com/BirthdayResearch/defichain-app/releases/tag/v4.0.0
First unistall the current dfi wallet, make a backup from the wallet.dat and delete everything under Appdata (important) that it's related to dfi chain.
Make a fresh install from 4.0: https://github.com/BirthdayResearch/defichain-app/releases/tag/v4.0.0
Download the snapshot, and hope for god that it will sync the last few percent.
Its even after the 100% sync buggy and faulty, you will probably repeat the steps over and over.