Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps

A new Special DFIP has been submitted to eliminate the 0.5% swapping fee for all dToken pairs immediately upon approval. This initiative aims to increase trading volume and restore competitiveness to the DeFiChain DEX.

Special DFIPs require a 2/3 approval rate with at least 10% participation from masternodes.

Voting is currently open and will close on August 10th, 2024.

For more information, you can review the submitted proposal on Reddit:
https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/

Cast your vote here:
https://defiscan.live/governance/03c77f1236c28bb2fc8a94677942127bf73a7b18eaf63604139cbb1599cfa9a9

A Closer Look at the September DFIP & CFP Voting Round

Check out our blog for details on the 5 DeFiChain Improvement Proposals (DFIPs) soon up for vote. Inform yourself and don’t miss your chance to have a say in the future of DeFiChain!

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

Join us for the 5th DeFiChain Labs Engineering Sync!

📅 Next week, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes

This call covers:

✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A

Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886

Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.

Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!

🚀 The DeFiChain Weekly Update is Here!

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

✅ Cast Your Vote on the Special DFIP to Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Understanding Crypto Bridges under MiCA Regulation
✅ A Closer Look at the September DFIP & CFP Voting Round
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-special-dfip-crypto-bridges-upcoming-voting-round-and-more

Voting for the Special DFIP proposing a 0.5% fee reduction for dToken swaps has ended on August 10th (Block Height 4,231,191). The proposal is approved, the changes are in effect since Block Height 4,231,500.

Here’s a summary of the SDFIP: https://www.reddit.com/r/defiblockchain/comments/1efsvsr/sdfip_eliminate_the_05_additional_fee_for_dtoken/

Join us for the 5th DeFiChain Labs Engineering Sync!

📅 Today, Monday, August 12, 2024
⏰ Live at 11:30 (CET) // 17:30 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 45 minutes

This call covers:

✅ Status Updates
✅ Current Team Projects
✅ Collaborative Issue/Bug Squashing on GitHub
✅ Q&A

Submit your Questions here:
https://forms.gle/wgqqUyf6ookuHo886

Note: This is a technical session focused on engineering topics only, with no discussions on tokenomics, economics, or prices.

Don’t miss this chance to stay informed and get involved with the DeFiChain Labs Engineering team!

DeFiChain Labs Tech Sync

Missed yesterday’s DeFiChain Labs Tech Sync? No worries! Catch the full recap on YouTube where we covered:

✅ Status Updates
✅ Team Projects Progress
✅ Collaborative Bug Squashing on GitHub
✅ Q&A with the community

Watch it now and stay in the loop! 👇
https://youtu.be/RVWGxoaURZg

This week, the DeFiChain Labs 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 here:
https://blog.defichain.com/defichain-labs-tech-sync-august-2024/

🚀 The DeFiChain Weekly Update is Here!

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

✅ New Listing: DeFiChain’s $DFI Now Trading on Coinstore
✅ DeFiChain Labs Tech Sync
✅ Special DFIP: Eliminate the 0.5% Additional Fee for dToken Swaps
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-new-listing-tech-sync-sdfip-implementation

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 latest blog post:
https://blog.defichain.com/defichain-labs-becomes-node-validator-for-crowdswaps-cross-chain-bridge/

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.

Revamped Owner Rewards Calculation: Addressing long-standing bugs, this update aims to streamline how owner rewards are calculated. The fixes are expected to be finalized by the end of the week, ensuring a smoother experience for all users.

Faster Block Time: While increasing block speed has long been on the agenda, the team is approaching it with caution. The plan is to gradually enhance block time as the underlying infrastructure becomes capable of handling the changes without compromising stability.

Token Ownership Update: One of the most anticipated changes is the ability to transfer ownership of data. This will be implemented through a major pull request (PR) that is currently in progress.

Token Deprecation: To prevent confusion among users, a new feature will allow tokens to be marked as deprecated, using a prefix like “EOL” (End of Life). This will clearly indicate when a token is no longer in use, helping to maintain a clean and efficient token environment.

Rejecting Past Time Blocks: This update is designed to enhance the Ethereum Virtual Machine (EVM) layer by ensuring blocks are processed in the correct chronological order - a crucial step in maintaining blockchain integrity.

What’s Next? While the exact date is still being finalized, the DeFiChain Labs team is hard at work ensuring all these updates are ready to be rolled out smoothly. Stay tuned for more updates as we approach this critical upgrade!

And most importantly dToken Restart

Another big update for the September Hard Fork, in the works is the dToken Restart, led by Kügi, and Peter from the DeFiChain Labs team.

For further details, check out the Reddit post:
https://www.reddit.com/r/defiblockchain/comments/1d2e3em/repeg_and_recollateralize_the_dtoken_system_as

🚀 The DeFiChain Weekly Update is Here!

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

✅ DeFiChain Labs Becomes Node Validator for Crowdswap
✅ DeFiChain Labs Tech Sync
✅ Big Changes Coming to DeFiChain with the September Hard Fork
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-crowdswap-node-validator-tech-sync-september-hard-fork-and-more

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:
https://blog.defichain.com/building-your-first-dapp-on-defichains-metachain-layer-a-beginners-guide/

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 👇
https://blog.defichain.com/dfip-spotlight-re-peg-and-re-collateralize-the-dtoken-system/

🚀 The DeFiChain Weekly Update is Here!

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

✅ Accelerated Growth on DeFiChain’s MetaChain Layer
✅ DFIP Spotlight: Re-peg and Re-collateralize the dToken System
✅ DeFiChain Labs Becomes Node Validator for CrowdSwap
✅ Big Changes Coming to DeFiChain with the September Hard Fork
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-dmc-growth-dfip-spotlight-hard-fork

DeFiChain Mobile Light Wallet has a new update!

This update provides support for end users with split tokens on DeFiChain EVM to convert it back to post split tokens on Native DeFiChain

The Logical Next Step Towards Complete Decentralization of DeFiChain

Decentralization is key to any blockchain project, and DeFiChain is taking bold steps with the launch of Special Interest Groups (SIGs).
Our latest blog article dives into how SIGs will empower the community & shape the future of DeFiChain.

Check it out here:
👉 https://blog.defichain.com/the-logical-next-step-towards-complete-decentralization-of-defichain/

🚀 The DeFiChain Weekly Update is Here!

Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ The Logical Next Step Towards Complete Decentralization of DeFiChain
✅ DFIP Spotlight: Re-peg and Re-collateralize the dToken System
✅ Big Changes Coming to DeFiChain with the September Hard Fork
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-special-interest-groups-dfip-spotlight-hard-fork