What You Need to Know: March DFIP & CFP Voting Round

In this voting cycle, there are several important DeFiChain Improvement Proposals (DFIPs) and Community Fund Proposals (CFPs) that need your participation and vote.

The proposals focus on initiatives that have the potential to meaningfully advance the DeFiChain ecosystem. Your involvement helps ensure that the most impactful proposals receive community backing. Get informed and make your voice heard!

Learn more about the proposals in the blog post below 👇
https://blog.defichain.com/a-closer-look-at-the-march-voting-round/

Bitrue opens the gates to MetaChain - VAN and DFI listing.

Tomorrow Lord Mark and DZ present another episode of the News Show with information about DeFiChain and DFI. 😎

https://www.youtube.com/watch?v=KdOP3qu8G2w

Bitrue opens the gates to MetaChain - VAN and DFI listing.

Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.

https://www.youtube.com/watch?v=KdOP3qu8G2w

🚀 The DeFiChain Weekly Update is Here!

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

✅ DeFiChain Update: 4.0.9 Released
✅ March Voting Round
✅ Project Spotlight Community Spaces
✅ Ecosystem Updates
✅ Recap

All these are covered in our weekly update blog below 👇

https://blog.defichain.com/weekly-update-new-release-voting-round-ecosystem-news

Special DFIP Implementation Plan

We are pleased to announce that the special DFIP proposal has been approved with an over 96% approval rate by our community. This strong show of support clears the path for us to work hand-in-hand with community members to efficiently and rapidly implement the changes put forward in the proposal.

What are the immediate next steps?

Implementation of a Buying Bot to Diversify the Community Fund
A bot, developed by community developers, is currently being deployed within the mydefichain ecosystem and will periodically receive funds from the Community Fund (CF).

These funds will be used to incrementally purchase DUSD over time, helping to restore and ultimately maintain DUSD's $1 peg.

The bot has already begun swapping, with the first swap of 1,000 DFI executed this morning at 9:33am CET. As the bot scales up over the coming days and weeks, it is projected to reach a peak capacity of 5,000 DFI per 20 blocks (720,000 DFI daily). You can view the details of the inaugural swap transaction on our explorer here:
https://explorer.mydefichain.com/transactions/22f758bf433971150f3a28ee94208c6315e24b5a05e67aad85d7c6f41c42b607

We collaborated closely with developers to launch the bot within a day of the special DFIP approval, showing our responsiveness to community feedback.

Combined Efforts to Benefit DUSD
The bot's continuous purchase of DUSD combined with Cake Group Board's decision to invest 20m DFI into DUSD will generate significant upward pressure on DUSD. We believe this plan will swiftly restore and maintain the peg.

A new project is now live on the Community Rewards Campaign!

First up, we featured DMCUniverse to kick-off the campaign, which is still currently live.

Next up we have Javsphere who are now live on the DeFiChain Galxe page!

Complete the quests on the link below to collect a OAT (NFT), which are limited in number, and collect points towards the leaderboard winning a share of the 4,000 $DFI prize pool!

Link to complete the rewards: https://galxe.com/defichain/campaign/GCeoKttFuP

🔊 Important update regarding oracles adjustments & new pool rewards:

Previously, the oracle for dUNG experienced a pause, followed by a divisor adjustment due to a reverse stock split.

Recently, $WMT announced a 3-for-1 stock split.

This means that dWMT will need to note of the following:

There will be a 6-hour trading halt (3 hours before and after the stock split) to ensure a smooth transition. dWMT vault owners, you’ll have an additional 1-hour pause on top of this.

No action needed from your side, just mark your calendars for 24th February!

News on Pool Rewards:

Detailed information on these changes is available in our DFIP spreadsheet, providing clarity on the new structure:
https://docs.google.com/spreadsheets/d/18mv5J9Bi1nsMXSUgX2XV8OXhIcNWrBG3/edit#gid=1100369827

Please note that these updates will take effect on February 16, 2024, at 6 PM GMT+8. You can follow the exact date and time via the block height countdown here:
https://defiscan.live/blocks/countdown/3727680

We encourage all participants to review the upcoming changes and prepare accordingly for the transition.

“Who locks next?” DUSD Bond initative started.

Tomorrow Lord Mark and DZ present another episode of the News Show with information about DeFiChain and DFI. 😎

https://www.youtube.com/watch?v=BI_Wi_j_iQA

📣 We’re excited to announce a significant enhancement to your Bake experience.

Our latest update makes it seamless for you to transfer your DFI and DUSD from DeFiChain (native) to the DeFi Metachain (DMC), allowing you to explore the expansive DeFi Metachain ecosystem. 🥳

“Who locks next?” DUSD Bond initative started.

Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.

https://www.youtube.com/watch?v=BI_Wi_j_iQA

Mark your calendars for this week’s DeFiChain Tech Talk with Prasanna & DZ

Tech Updates: CFP, 2024 roadmap, questions, ...

https://www.youtube.com/watch?v=NAxVE8jpAOI

🚀 The DeFiChain Weekly Update is Here!

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

✅ Community Fund Diversification Special DFIP Progress
✅ Upcoming Adjustments to Oracles and Pool Rewards
✅ DeFiChain 4.0.9 Release Highlights
✅ Join the Ongoing Community Rewards Campaign 3.0
✅ Ecosystem Updates
✅ Recaps

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-special-dfip-oracles-pool-rewards-adjustments

Exciting News! DeFiChain's native token $DFI is now officially listed on CoinDCX India! Dive into the future of finance today and explore new opportunities with $DFI.

Join us for another exciting DeFiChain Community 𝕏 Space for a Project Spotlight! This time round, we take a deep-dive into @DexTradeTalk

🗓️ Date: 22nd February
⏰ Time: 12:00 (CET) // 19:00 (SGT)

Set a reminder via the link below 👇
https://twitter.com/i/spaces/1MYxNozXvmVKw

Atlantis NFT - First NFT Marketplace on MetaChain.

Tomorrow Lord Mark and DZ present another episode of the News Show with information about DeFiChain and DFI. 😎

https://www.youtube.com/watch?v=e_wCQtA0_vI