Community Project Spotlights are back for 2024!
Set a reminder for our upcoming Space as the DeFiChain Labs Team takes a deep dive with https://twitter.com/Octo_Defi
🗓️ 30th Jannary
⏰14:00 CET // 21:00 SGT
Set a reminder below 👇
https://twitter.com/i/spaces/1jMJgmlORjmKL?s=20
Set a reminder for our upcoming Space as the DeFiChain Labs Team takes a deep dive with https://twitter.com/Octo_Defi
🗓️ 30th Jannary
⏰14:00 CET // 21:00 SGT
Set a reminder below 👇
https://twitter.com/i/spaces/1jMJgmlORjmKL?s=20
Forwarded from Bake - International Announcements
In order to support the DeFiChain community’s repeg mission, today the Cake Group Board has unanimously approved a purchase of $DUSD, using 20 million $DFI.
Purchases will be sequenced over the coming days.
The sum of the $DFI to be utilized in these transactions was part of our Group’s revenue in 2023, where no material amounts of $DFI were sold.
Instead of selling them into BTC or USD, we want them to support the community’s effort.
Purchases will be sequenced over the coming days.
The sum of the $DFI to be utilized in these transactions was part of our Group’s revenue in 2023, where no material amounts of $DFI were sold.
Instead of selling them into BTC or USD, we want them to support the community’s effort.
Forwarded from Bake - International Announcements
To provide further clarity on recent commentary relating to $DFI and dBTC transactions on Bake.
The Cake Group has accumulated approximately 1,664 dBTC just over the past two years, primarily as a result of giving BTC to customers who converted dBTC to BTC on Bake. Instead of giving them BTC from the backing address, we gave them BTC from our own profits. This is roughly 70mil USD at current prices that the Cake Group shows as a commitment to the community.
You can find these dBTC here: https://defiscan.live/address/df1qhvp08dsdkmwexg9vehq8ss8kcfsx2wcmpxjmm4cc6n4qpuzvngxstd742n
Once again, we highlight that customer funds deposited into Bake are backed, 1:1. You can check this via the Proof of Reserves transparency page: https://app.bake.io/proof-of-reserves
Cake Group also holds the coins it wraps for DeFiChain 1:1. Cake Group is not responsible for coins created/wrapped for DeFiChain by other parties.
The Bake Team
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Bake
Bake – Get cash flow from cryptocurrencies
The most transparent way to put your Bitcoin and other cryptocurrencies to work.
CFPs and DFIPs Votings - Your Voice Matters!
Tomorrow Lord Mark and DZ present another episode of the News Show with information about DeFiChain and DFI. 😎
https://www.youtube.com/watch?v=xKHCEo71v8k
Tomorrow Lord Mark and DZ present another episode of the News Show with information about DeFiChain and DFI. 😎
https://www.youtube.com/watch?v=xKHCEo71v8k
YouTube
CFPs and DFIPs Votings - Your Voice Matters!
A new voting round is running since last week and we briefly present the current proposals. This and more in a new episode of the News Show.CFP DeFiChain Lab...
Forwarded from Bake - International Announcements
The Cake Group Board has unanimously voted in support of the DeFiChain community’s peg mission by buying $DUSD with 20 million $DFI.
Buying has commenced:
https://defiscan.live/address/dK92gKAWNTUR2waMwnXvw5Aodby7wpz1YE
Note: The $DFI utilized for these transactions are part of our Group’s revenue in 2023.
Buying has commenced:
https://defiscan.live/address/dK92gKAWNTUR2waMwnXvw5Aodby7wpz1YE
Note: The $DFI utilized for these transactions are part of our Group’s revenue in 2023.
The countdown is on - there's just 8-hours remaining for a chance to win part of the first round of 1,000 DFI prize pool in our community campaign.
Complete various quests over this final week. The number of activities you participate in will determine the amount of raffle entries you receive.
So if you haven't signed up yet, now is the time. And if you have already started contributing, make these last few hours count towards accumulating additional entries.
The more involved you are, the greater your odds for winning a share of the prize money when winners are announced on 7th February.
Take advantage of this opportunity while it lasts - click below to get started earning entries before time expires 👇
https://gleam.io/WC6KA/community-reward-campaign
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gleam.io
Get a Share of the 1,000 DFI Prize Pool
Strap in for a two-week social media extravaganza from January 15th highlighting DeFiChain across platforms worldwide! Every quest accomplished earns more points towards standing a chance to win DFI from the prize pool. Show your support on Twitter, Telegram…
CFPs and DFIPs Votings - Your Voice Matters!
Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.
https://www.youtube.com/watch?v=xKHCEo71v8k
Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.
https://www.youtube.com/watch?v=xKHCEo71v8k
YouTube
CFPs and DFIPs Votings - Your Voice Matters!
A new voting round is running since last week and we briefly present the current proposals. This and more in a new episode of the News Show.CFP DeFiChain Lab...
DeFiChain - Announcements
First Part of DeFighters Gleam-Campaign - What a turnout 🚀
Thanks to all the 10,000 participants of the gleam campaign. We were overwhelmed by the enthusiasm and engagement from the community over the past two weeks.
We hope to see you all again next week when we kick off the second phase of the Community Reward campaign with even more opportunities to earn rewards.
The 5 winners of the first phase of the gleam campaign will be announced on February 7th, so make sure to check back then to see if you’re one of the lucky winners.
Thanks again to everyone who participated and helped make this campaign such a success!
We can’t wait to do it all over again next week with phase two!
Thanks to all the 10,000 participants of the gleam campaign. We were overwhelmed by the enthusiasm and engagement from the community over the past two weeks.
We hope to see you all again next week when we kick off the second phase of the Community Reward campaign with even more opportunities to earn rewards.
The 5 winners of the first phase of the gleam campaign will be announced on February 7th, so make sure to check back then to see if you’re one of the lucky winners.
Thanks again to everyone who participated and helped make this campaign such a success!
We can’t wait to do it all over again next week with phase two!
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Join us for another DeFiChain Community 𝕏 Space for a Project Spotlight, where we take a deep dive into Stably and their current CFP.
🎙️ With Kory Hoang
🗓️ Date: 1st Feb
⏰ Time: 19:00 (CET)
Join us live👇
https://twitter.com/i/spaces/1OdKrjmVlokKX
🎙️ With Kory Hoang
🗓️ Date: 1st Feb
⏰ Time: 19:00 (CET)
Join us live👇
https://twitter.com/i/spaces/1OdKrjmVlokKX
🚀 The DeFiChain Weekly Update is Here!
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ DeFiChain Update Alert: 4.0.8 Released
✅ Cake Group Commits 20 Million $DFI to Support DeFiChain Repeg Mission & Provides Further Transparency
✅ Project Spotlight Community Spaces
✅ Ecosystem Updates
✅ Recap
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-node-update-20m-investment-into-dfi
Here’s what’s been happening in the DeFiChain ecosystem this week:
✅ DeFiChain Update Alert: 4.0.8 Released
✅ Cake Group Commits 20 Million $DFI to Support DeFiChain Repeg Mission & Provides Further Transparency
✅ Project Spotlight Community Spaces
✅ Ecosystem Updates
✅ Recap
All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-node-update-20m-investment-into-dfi
Project Spotlight: OctoDeFi - the most flexible and modular crypto wallet.
OctoDeFi is more than just another wallet, it's a user-friendly finance portal sharing the power of DeFi to the masses. Powered by cutting-edge blockchain standards, OctoDeFi's versatile design ushers in the next generation of accessible and secure decentralized apps.
Find out more about it in this blog post:
https://blog.defichain.com/project-spotlight-octodefi/
OctoDeFi is more than just another wallet, it's a user-friendly finance portal sharing the power of DeFi to the masses. Powered by cutting-edge blockchain standards, OctoDeFi's versatile design ushers in the next generation of accessible and secure decentralized apps.
Find out more about it in this blog post:
https://blog.defichain.com/project-spotlight-octodefi/
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/
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
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
YouTube
Bitrue opens the gates to MetaChain - VAN and DFI listing.
The first exchange integrated MetaChain and listed VAN and DFI. That's a huge step forward to make DMC reachable for users. This and more in the upcoming New...
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
Lord Mark and DZ are live on YouTube presenting a new episode of DeFiChain News Show.
https://www.youtube.com/watch?v=KdOP3qu8G2w
YouTube
Bitrue opens the gates to MetaChain - VAN and DFI listing.
The first exchange integrated MetaChain and listed VAN and DFI. That's a huge step forward to make DMC reachable for users. This and more in the upcoming New...
Phase 2 of the Community Reward 3.0 Campaign is Here!
https://x.com/DeFiChainLabs/status/1755547397805990244?s=20
https://x.com/DeFiChainLabs/status/1755547397805990244?s=20
X (formerly Twitter)
DeFiChain Labs (@DeFiChainLabs) on X
Phase 2 of the Community Reward 3.0 Campaign is Here!
We're excited to launch Phase 2 of the DeFiChain Community Reward Campaign today at 12:00 CET, now with more projects and excitement! We've changed things from our original Phases 2 and 3 plan. Instead…
We're excited to launch Phase 2 of the DeFiChain Community Reward Campaign today at 12:00 CET, now with more projects and excitement! We've changed things from our original Phases 2 and 3 plan. Instead…
🚀 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
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.
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
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
galxe.com
Galxe - Your Web3 Community is Waiting
Galxe is the leading platform for building Web3 community. With over 14 million active users, Galxe has propelled the growth of Optimism, Polygon, Arbitrum, and more than 4000 partners with reward-based loyalty programs.
🔊 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.
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.