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The Multichain Variants of $DFI: What You Need to Know

The blockchain landscape is evolving. Similar to how the Internet evolved from isolated networks into a seamless, interconnected ecosystem, blockchain is undergoing its own shift.

In this blog post, youโ€™ll learn about the multichain variants of $DFI, highlighting their unique characteristics and the seamless interoperability that allows users to transfer value across the DeFiChain ecosystem.

https://blog.defichain.com/the-multichain-variants-of-dfi-what-you-need-to-know/
๐Ÿš€ The DeFiChain Weekly Update is Here!

Hereโ€™s whatโ€™s been happening in the DeFiChain ecosystem this week:
โœ… DeFiChain Labs' Engineering Sync Recap
โœ… "Connecting Two Worlds: Bitcoin & Ethereum" Blockchain Club
โœ… The Multichain Variants of $DFI
โœ… New Projects on Community Rewards Campaign
โœ… Ecosystem Updates

All these are covered in our weekly update blog below ๐Ÿ‘‡
https://blog.defichain.com/weekly-update-engineering-sync-blockchain-club-and-more
๐Ÿ“ข The final round of the Community Rewards 3.0 is here!

Your final chance to claim free OATs (NFTs) and the chance to win a share of 4,000 $DFI!

Complete as many tasks as you can on the DeFiChain Galxe page below to rack up as many points as possible, and be sure to submit your wallet address on the final task to be in with a chance to win some $DFI.

Take part via the link below ๐Ÿ‘‡
https://galxe.com/defichain/campaign/GCeoKttFuP
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Should decentralization be regulated? ๐Ÿค”

This was a topic discussed at our recent meet-up in Singapore - listen in ๐Ÿ‘‡

Do you agree?
๐Ÿš€ The DeFiChain Weekly Update is Here!

Hereโ€™s whatโ€™s been happening in the DeFiChain ecosystem this week:
โœ… DeFiChain v4.1.0-alpha Release
โœ… The Multichain Variants of $DFI
โœ… Community Rewards 3.0: Final Round
โœ… Ecosystem Updates
โœ… Recaps

All these are covered in our weekly update blog below ๐Ÿ‘‡
https://blog.defichain.com/weekly-update-v4-1-0-alpha-community-rewards-3-0
What are dTokens?

dTokens are decentralized assets (#RWAs) backed by cryptocurrency on the DeFiChain blockchain. Through the vault system, anyone can create their own dTokens, representing a wide range of real-world assets.

These digital assets trade freely on DeFiChain's decentralized exchange (DEX), without any centralized control or third-party intervention. The prices of dTokens are determined by the free market forces of supply and demand, independent of oracle prices used for collateralization.

Embrace the Benefits of dTokens:
โœ… True Decentralization: No single point of control or failure
โœ… Open to All: Accessible to anyone, anywhere in the world
โœ… 24/7 Liquidity: Trade dTokens around the clock
โœ… Transparency: Auditable asset management for trust

Discover the future of asset tokenization with dTokens on DeFiChain. Find out more about here ๐Ÿ‘‡
https://blog.defichain.com/what-are-decentralised-stock-tokens-and-how-do-they-work/
Unlocking Real-World Value: What are Real World Assets, and Why do They Matter in DeFi?

Real-world assets (RWAs) are physical or financial assets that exist in the real world, like cash, commodities, real estate, equities, and bonds. RWA tokenization refers to the process of digitally representing these assets on a blockchain as tokens. This article will provide an in-depth exploration of tokenized RWAs - explaining what they are, their key benefits, and the diverse range of assets being tokenized.

Find out more here ๐Ÿ‘‡
https://blog.defichain.com/unlocking-real-world-value-what-are-real-world-assets-and-why-do-they-matter-in-defi/
Traditional Stocks vs Decentralized Assets (dTokens) Explained ๐Ÿ‘‡

Traditional stocks represent shares of ownership in a centralized company. When investors purchase stocks, they become partial owners with rights like receiving dividends and voting on corporate decisions. However, stock issuance is subject to regulations and controlled by the company itself.

In contrast, decentralized assets (or dTokens) are not issued by any central entity. Instead, they are minted directly onto a blockchain platform like DeFiChain by individual users. Unlike stocks tied to a specific company, dTokens exist solely on the decentralized network where they were created, e.g. the DeFiChain blockchain.

This peer-to-peer exchange of decentralized assets is revolutionary because it removes intermediaries and centralized control from the equation. Blockchain-based dTokens enable a more egalitarian system of asset ownership, exchange, and participation compared to traditional financial instruments. It's a paradigm shift towards open and equal access to ownership of all asset classes.
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๐Ÿš€ The DeFiChain Weekly Update is Here!

Hereโ€™s whatโ€™s been happening in the DeFiChain ecosystem this week:

โœ… Update: DeFiChain v4.1.0-alpha Release
โœ… Unlocking Real-World Value: What are Real-World-Assets
โœ… Community Rewards 3.0: Final Round
โœ… Ecosystem Updates
โœ… Recaps

All these are covered in our weekly update blog below ๐Ÿ‘‡
https://blog.defichain.com/weekly-update-release-update-real-world-assets
How are dTokens created on DeFiChain?

Creating dTokens (#RWAs) on DeFiChain is a straightforward process that puts you in control. Simply deposit your crypto assets as collateral into a Vault. The accepted collateral options include DFI, DUSD, dBTC, dETH, dUSDT, dUSDC, or dEUROC.

dTokens are minted with over-collateralization, meaning the value of your deposited collateral exceeds the value of the dTokens you create. This safeguards the peg and ensures dTokens canโ€™t be created without sufficient backing. The interest rates you pay are determined by your collateralization ratio, operating similarly to traditional banking practices.

Letโ€™s say your Vault holds $1,500 worth of DFI, BTC, and ETH combined. Minting $100 of dTSLA would incur low interest rates since your collateral is highly over-collateralized. However, if you mint $750 of dTSLA, youโ€™ll face higher interest as you approach the minimum collateral requirement.

With just a few clicks, you can set up a Vault, deposit collateral and mint dTokens โ€“ all in a decentralized manner on DeFiChain. Try it out yourself!

Only in DeFiChainโ€™s Light Wallet on your mobile:
https://geni.us/DeFiChain_App
The Ideological Framework of DeFiChain: How It Unlocks Limitless Possibilities

Learn more about the ideological framework of DeFiChain, comprising Layer 0, Layer 1, Layer 1.5, and Layer 2, and explore how these layers synergize to create a robust and versatile DeFi platform.

๐Ÿ‘‰ https://blog.defichain.com/the-ideological-framework-of-defichain-how-it-unlocks-limitless-possibilities/
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Unlocking Real-World Assets: DeFiChainโ€™s RWA Tokenization is Revolutionizing DeFi

Real World Assets (RWAs) span a vast array of assets, from physical properties like real estate and infrastructure to intangible assets like intellectual property rights and financial contracts.

In this article, we explore DeFiChainโ€™s toolset to capture the transformative opportunities presented by tokenizing real-world assets and how this innovation can disrupt multiple industries across various sectors.

Find out more ๐Ÿ‘‰ https://blog.defichain.com/unlocking-real-world-assets-defichains-rwa-tokenization-is-revolutionizing-defi/
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๐Ÿš€ The DeFiChain Weekly Update is Here!

Hereโ€™s whatโ€™s been happening in the DeFiChain ecosystem this week:

โœ… Update: DeFiChain v4.1.0-beta Release
โœ… Unlocking Real-World Assets: DeFiChainโ€™s RWA Tokenization is Revolutionizing DeFi
โœ… The Ideological Framework of DeFiChain: How It Unlocks Limitless Possibilities
โœ… Tokenization of Real-World-Assets
โœ… Ecosystem Updates
โœ… Recaps

All these are covered in our weekly update blog below ๐Ÿ‘‡
https://blog.defichain.com/weekly-update-beta-release-real-world-assets-community-space-and-more
๐Ÿš€ Join us live for the 2nd DeFiChain Labs Engineering Sync!

๐Ÿ“† Today, Monday, April 15, 2024
โฐ Live - 10:30 (CET) // 17:30 (SGT)
๐Ÿ”— https://meet.google.com/pez-xokc-pdn
๐Ÿ•˜ Duration: 45min

This call is all about:

Our 2nd Community Space - a public monthly community call where anyone from the community is welcome to join!

โœ… Status Updates
โœ… What the team is working on
โœ… Collaborative Issue/Bug Squashing session on Github
โœ… Q&A

Note: This is a purely technical session and will not involve discussions relating to tokenomics, economics, prices, and more.

Don't miss this opportunity to stay updated and get involved with the DeFiChain Labs Engineering team! See you there!