Please note that MATIC in the backing address is in the process of being converted to POL. It is expected to be complete by Sep 13th, 2024. This will result in MATIC being removed from the backing address and the backing address temporarily might not reflect the actual backing in-between.

👉https://defiscan.live/proof-of-backing

DTL Introduces Notification Bot for Dobby Users

The DTL team announces a streamlined solution for Dobby users ahead of the platform’s shutdown. Users can now set up a bot to receive notifications via Telegram when their vault reaches a predefined threshold. While this is not a full replacement for Dobby’s service, it offers a way to stay informed if a vault is at risk.

For setup instructions, watch the tutorial video:
👉 https://youtu.be/4v4dCbZ6CuA

Support is available in the DTL Telegram group:
👉 https://tttttt.me/DexTradeTalk

As DeFiChain continues to evolve, the transition towards complete decentralization is a natural and necessary progression.

To further this mission, DeFiChain Labs is proposing a pivotal step: severing ties with Bake/Cake Group and operating independently.

Read all the details in our latest Spotlight blog post:
https://blog.defichain.com/cfp-spotlight-the-path-to-complete-decentralization-for-defichain-beyond-bake/

Join us for the September DeFiChain Labs Engineering Sync!

📅 Next week, Monday, September 16, 2024
⏰ Live at 10:00 (CET) // 16:00 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 30 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:

✅ CFP Spotlight: The Path to Complete Decentralization for DeFiChain Beyond Bake
✅ Join us for September’s DeFiChain Labs Engineering Sync!
✅ DeFiChain Labs is Revamping its Communication Strategy
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-cfp-spotlight-engineering-synch-and-more

Join us for the September DeFiChain Labs Engineering Sync!

📅 Today, Monday, September 16, 2024
⏰ Live at 10:00 (CET) // 16:00 (SGT)
🔗 Join here (https://meet.google.com/pez-xokc-pdn)
🕒 Duration: 30 minutes

This call covers:

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

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/A77r-L9R1xs

Today, we shine the spotlight on CrowdSwap, an exciting project revolutionizing the DeFi experience.

One of its standout features is the Cross-Chain Bridge, which makes it easier than ever to swap crypto assets from one blockchain into the DeFiChain ecosystem.

Check out our latest blog to learn how to convert your $ETH to $DFI!
https://blog.defichain.com/project-spotlight-a-guide-to-crowdswaps-cross-chain-bridge-2/

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-september-2024/

DeFiChain Community Fund Update:

Unused funds from the "DeFi Meta Chain $100M Incubator Program (1 200 000 DFI)" Community Fund Proposal have been returned to the Community Fund.

Transaction hash: 3cdc9675bdb17b54b351adce8aca167a3e8bbb381dcdea3bb6f217ca60930ef6

🚀 The DeFiChain Weekly Update is Here!

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

✅ September’s DeFiChain Labs Engineering Sync
✅ Project Spotlight: CrowdSwap’s Cross-Chain Bridge
✅ DeFiChain Labs is Revamping its Communication Strategy
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-tech-synch-project-spotlight-crowdswap-and-more

🚀 The DeFiChain Weekly Update is Here!

Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ The Future of DeFiChain: Decentralization through SIGs, DeFiChain Labs, and Community Engagement
✅ September’s DeFiChain Labs Engineering Sync
✅ DeFiChain Labs X CrowdSwap
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-defichains-decentralization-ambitions-engineering-sync

Only 14 Days Left to Vote!

Don’t miss the opportunity to shape the future of DeFiChain! Voting is open until around October 14th, 2024.

4 DeFiChain Improvement Proposals (DFIPs) and 1 Community Fund Proposals (CFPs) are up for vote.

With less than two weeks left, the September voting round is in its final stretch! If you haven't voted yet, then now's the time.

Get informed and make your vote count by checking out our latest blog post for all the details.

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

🚀 The DeFiChain Weekly Update is Here!

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

✅ A Closer Look at the September Voting Round
✅ The Future of DeFiChain: Decentralization through SIGs, DeFiChain Labs, and Community Engagement
✅ DeFiChain Labs X CrowdSwap
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-september-voting-round-future-of-defichain

Only 7 Days Left to Vote!

Don’t miss the opportunity to shape the future of DeFiChain! Voting is open until around October 14th, 2024.

4 DeFiChain Improvement Proposals (DFIPs) and 1 Community Fund Proposals (CFPs) are up for vote.

Get informed and make your vote count by checking out our latest blog post for all the details:
https://blog.defichain.com/a-closer-look-at-the-september-dfip-cfp-voting-round/

The Biggest Hard Fork in DeFiChain History is Almost Here!

The DeFiChain core engineering team is working on the final touches for what will be the biggest hard fork in DeFiChain’s history. It’s loaded with critical updates aimed at improving user experience and network efficiency.

Let’s dive in!

Revamped Owner Rewards Calculation

Long-standing bugs are being addressed, streamlining the calculation of owner rewards. This should make everything smoother for users, with fixes expected to be finalized by the end of the week.

Faster Block Times

Speeding up block times has always been on the agenda, and now it's closer than ever. The team is enhancing block times gradually to ensure the infrastructure can handle it without risking stability.

Token Ownership Update

One of the most anticipated features: transfer of data ownership. A pull request (PR) is in the works to enable this, bringing more flexibility and power to token holders.

Token Deprecation

New features will allow tokens to be marked as deprecated (e.g., “EOL” or "End of Life"), making it clear when a token is no longer in use—helping to maintain a cleaner, more efficient ecosystem.

Rejecting Pastime Blocks

The Ethereum Virtual Machine (EVM) layer is getting a boost! Updates will ensure that blocks are processed in the correct chronological order, reinforcing blockchain integrity.

Re-peg & Re-collateralize the dToken System

The dToken system has faced some challenges, but a DeFiChain Improvement Proposal (DFIP) is here to fix that. This proposal will focus on re-pegging DUSD to $1, rewarding loyal supporters, and ensuring a robust, fair system for all users.

What’s Next?

The timeline for the hard fork is being finalized, but the DeFiChain Labs engineering team is pushing hard to ensure a smooth rollout. Keep an eye out for more updates in the next few days!

🚀 The DeFiChain Weekly Update is Here!

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

✅ A Closer Look at the September Voting Round
✅ The Biggest Hard Fork in DeFiChain History is Almost Here!
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-voting-round-biggest-hard-fork-ever-and-more

DeFiChain Voting Results are in!

The voting has closed at block height 4,420,000, and here’s a breakdown of the results for the latest DFIPs and CFPs:

1️⃣ DFIP1: Reducing fees for composite swaps on the native DEX
- Yes: 79.83% (835 votes)
- No: 20.17% (211 votes)
- Neutral: 204 votes
- 🟢 Approved with required min. 66.67% approval rate ✅

2️⃣ DFIP2: More capital efficient DUSD loans
- Yes: 87.58% (903 votes)
- No: 12.42% (128 votes)
- Neutral: 259 votes
- 🟢 Approved with strong majority ✅

3️⃣ DFIP3: Unlocking 5jr and 10jr Masternode Freezers
- Yes: 26.68% (346 votes)
- No: 73.32% (951 votes)
- Neutral: 133 votes
- 🔴 Rejected as it did not meet the required 66.67% approval ❌

4️⃣ DFIP4: Manual commission payout to simplify tax and reduce node load
- Yes: 80.02% (653 votes)
- No: 19.98% (163 votes)
- Neutral: 422 votes
- 🟢 Approved with required min. 66.67% approval rate ✅

5️⃣ CFP1: Complete Decentralization of DeFiChain Beyond Bake
- Yes: 71.40% (729 votes)
- No: 28.60% (292 votes)
- Neutral: 232 votes
- 🟢 Approved with over 50% of votes in favor ✅

No liability assumed