Super Micro Computer Stock Split

Super Micro Computer (SMCI) initiated a 10-for-1 stock split on Oct 1, 2024, making shares more accessible. Today, Nov 5, at block height 4,481,500, this split reflects on DeFiChain!

All $dSMCI holders will receive 10 tokens for each token held pre-split, aligned with the adjusted SMCI price.

Find out more in our blog post 👇
https://blog.defichain.com/super-micro-computer-stock-split-and-its-implications-for-defichain/

Happy 5th DeFiChain Whitepaper Day!

Latest Stock Split Information

Our engineers are hard at work on multiple stock splits! Here’s the latest for you:

🔓 Unlock SMCI: 52bb7ea237c8b552f3e323ab9852f12db9c2b0cbdc98f73969872f2c483583a1

🔄 Reverse IBIT lock: 2a26542f7a57bd534501e2a529ad499ba0f54770d93b737658394d073c521b7c

📈 SH split: f6a4cbf3dd929c4cada2c254f7625773693e08ebf11176f41f4119a26df12b4d at block 4,487,270 [Today]

📈 BITI reverse split: c9a89de5818008ffe7ff606a42d0c9ca1f49616af8a25b30a08bd3177eab9b9d at block 4,487,360 [Today]

🚀 The DeFiChain Weekly Update is Here!

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

✅ Happy 5th DeFiChain Whitepaper Day!
✅ Biggest Hardfork in DeFiChain’s History Successfully Implemented
✅ Super Micro Computer Stock Split
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below
https://blog.defichain.com/weekly-update-5th-whitepaper-day-stock-splits-and-more

dToken Restart

The much-anticipated dToken restart is set for this week, Wednesday! The @DeFiChainLab Engineering team has just deployed pre-optimized snapshots across all nodes, ensuring a smooth experience for everyone with zero downtime and a seamless restart.

📌 Mark the block height: 4,504,000 (~9am CET)
📅 https://defiscan.live/blocks/countdown/4504000

Reminder: The dToken Restart is Finally Here!

Tomorrow is the big day the whole DeFiChain community was eagerly waiting for. In less than 20 hours the dToken restart will take place, with a smooth transition through pre-optimized snapshots on all nodes.

Expect zero downtime and a flawless experience.

📌 Block Height: 4,504,000 (~ 9am CET)
📅 Countdown Timer

Short update as we prepare for the highly anticipated dToken restart: due to technical challenges, the restart will be rescheduled to later this week.

The team is still working on a revised timeline - more updates soon.

dToken Restart: Final Details & Block Height

dToken restart will happen at block height 4,509,500 (https://defiscan.live/blocks/countdown/4509500)

What to expect:

🔷 For operators prepared with optimized snapshots or running -consolidaterewards in advance: it's a non-event—operations should continue as usual with minimal impact.

🔷 Without optimized snapshots or pre-consolidated rewards, nodes may take ~2 hours (on 32+ cores) to 14 hours to process the block.

Details:

🔷 The dToken Restart block from a fresh sync or unprepared snapshots will perform significant calculations across the past to facilitate the dToken economy restart.

🔷 In order for this not affect network, the node can be started with a flag -consolidaterewards to run these optimizations in advance so it can be run on offline nodes and online nodes be redeployed with these as base snapshots.

🔷 The core team already has snapshots that have been run through these.

Download any of the "optimized" snapshots:

Asia: https://storage.googleapis.com/defichain-asia/index.html
EU: https://storage.googleapis.com/defichain-eu/index.html

For node operators:

🔷 Simplest: Use any of the optimized snapshots and redeploy your node. That's it. There shouldn't any downtime.

🔷 Own snapshots: If you prefer not use to use the core team snapshots and use your own, please restart your with -consolidaterewards once for it to run these optimizations. Run this on offline nodes. Once the process is complete, the node will begin to sync as normal. You can now switch to nodes live or snapshot the data for yourself and re-deploy.

🔷 No preparations: This will stall the node for anywhere between ~2 to 14 hours depending on your machine type and CPU and IO resources available.

dToken Restart Update

The dToken restart is now officially set on-chain!

🗒️Transaction Hash:

36c6a0f0e4777769f062cbe7d88db274dec4d598e286d805971245cc4203e552

Everything is in place for a successful new chapter on DeFiChain.

Let’s get ready to dive into this exciting next phase!

🚀 The DeFiChain Weekly Update is Here!

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

✅ dToken Restart: A Success!?
✅ dToken Restart: How To Prepare Your Nodes
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇

https://blog.defichain.com/weekly-update-dtoken-restart-and-ecosystem-updates

DeFiChain Ecosystem Update

Major changes coming to DeFiChain's fee structure and DUSD pools, starting tomorrow at block height 4,520,340!

Countdown: https://defiscan.live/blocks/countdown/4520340

Key Changes:

🔷DFI-DUSD Pool Fee Reduction

-DUSD fees decreased from 80% to 4.58% over the ~next week (dynamically calculated value between 0-5% based on algo-ratio)
-Expected ~15% reduction every, 2880 blocks.
-Promotes better liquidity and trading conditions

🔷Negative Interest Rate

-Negative interest rate is expected to have a skyrocketing start at -2025%
-Negative interest applies to all DUSD loans


🔷New DUSD Bi-directional Fee

-Starts with 4.58% applied both in and out to all pools with DUSD pairs.
-To be adjusted as per the ecosystem restart DFIP

Boost Your Rewards and Strengthen the Ecosystem!

Strategic Move:
🔷Add $DFI to your vaults
🔷Mint $DUSD
🔷Benefit from soaring negative interest rates (up to -2,000%)

Why Now?
🔷Earn substantial returns through negative interest
🔷Help improve the algorithmic ratio
🔷Support ecosystem stability

Update as per DFIP:

Negative Interest Rate at -971.43%
Fee at 4.17%

Change coming into effect on: 4521650

The dToken restart is here, bringing transformative change to the DeFiChain ecosystem!

With the DFIP implementation, the once-challenged DUSD peg is rebounding, and community optimism is soaring.

Read how a more robust future is being built:
👉 https://blog.defichain.com/a-successful-restart-for-defichains-dtoken-system-2/

Join us for the November DeFiChain Labs Engineering Sync!

📅 Next week, WED, November 27, 2024
⏰ Live at 08:30 (CET) // 15:30 (SGT)
🔗 Join here (meet.google.com/cih-xohu-xyu)
🕒 Duration: 30 minutes

This call covers:

✅ Status Updates
✅ SIG & Governance
✅ Q&A

Drop your Questions here:
https://shorturl.at/pA1q4

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:

✅ DeFiChain Lab’s Engineering Sync – November
✅ A Successful Restart for DeFiChain’s dToken System
✅ DeFiChain Ecosystem Update
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-engineering-sync-successful-dtoken-restart

Join us for the November DeFiChain Labs Engineering Sync!

📅 This week, WED, November 27, 2024
⏰ Live at 08:30 (CET) // 15:30 (SGT)
🔗 Join here (meet.google.com/cih-xohu-xyu)
🕒 Duration: 30 minutes

This call covers:

✅ Status Updates
✅ SIG & Governance
✅ Q&A

Drop your Questions here:
https://shorturl.at/pA1q4

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!

Join us for the November DeFiChain Labs Engineering Sync!

📅 Right now, WED, November 27, 2024
⏰ Live at 08:30 (CET) // 15:30 (SGT)
🔗 Join here (https://meet.google.com/fqg-vaot-uuz)
🕒 Duration: 30 minutes

This call covers:

✅ Status Updates
✅ SIG & Governance
✅ Q&A

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!

Information About How to Set up a SIG

In today’s Engineering Call, we took the first steps toward empowering the community to set up their own SIGs (Special Interest Groups). This is a huge opportunity for those passionate about shaping the future of our ecosystem.

Key Steps to Get Started:

👉 Head to our Dev-Discord and join the sig-governance channel.
📚 More details and resources you need to launch your SIG will be shared there soon.
🌐 Join the Conversation: https://discord.gg/cweAZgGU

DeFiChain Labs November Tech Sync

Missed yesterday’s DeFiChain Labs Tech Sync?

No worries! Catch the full recap on YouTube where we covered:

✅ Status Updates
✅ SIGs
✅ Governance
✅ Q&A with the Community

Watch it now and stay in the loop! 👇
https://www.youtube.com/watch?v=vIjvhCZuyOA