DeFiChain - Announcements

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

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

🚀 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

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]

Happy 5th DeFiChain Whitepaper Day!

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/

Biggest week in DeFiChain history is here!

This week, core engineers are set to roll out two major updates from last week’s hard fork. Here’s what to expect:

🔹 On-chain stock split for SMIC – delayed until a snapshot issue that happened today is resolved (Estimated delay 24-48 hours)
🔹 dToken Restart – a slight delay (1-2 days) as the team tackles the snapshot first. Block height to be confirmed asap.

Stay tuned for updates!

Stock Split & dToken Restart Timeline

The biggest DeFiChain update in history has been successfully implemented, marking a major milestone!

🔷 Coming Up Next: Early Tuesday morning (UTC), the on-chain stock split for SMIC will take place.

🔷 dToken Restart: The restart is tentatively scheduled between Wednesday and Friday, with the exact block height to be confirmed on Monday.

🚀 The DeFiChain Weekly Update is Here!

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

✅ Biggest Hardfork in DeFiChain’s History Successfully Implemented
✅ Community X Space: Hardfork and Community Projects
✅ DeFiChain Labs Tech Sync
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-hardfork-implementation-community-x-space-and-more

DeFiChain’s highly anticipated hardfork went live on October 29th at block height 4,463,000, introducing a suite of enhancements aimed at refining the protocol, empowering users, and strengthening ecosystem integrity.

Here’s a look at the key changes and their impact on users and the DeFiChain platform:
https://blog.defichain.com/hardfork-successful-what-does-this-mean-for-the-ecosystem/

Ascending block time is now active!

After a long hiatus, the Community X Space reconvened, offering insights, updates, and a platform for open dialogue among community leaders and users. A great discussion on the hard fork, community projects and more!

Here's a summary of the Space 👇
https://blog.defichain.com/community-x-space-hard-fork-community-updates/

The biggest hard fork in DeFiChain's history has been completed successfully!

DeFiChain Community Space

📅 Live on X right now
🎙️ Moderator: @defichain_Puschi
💬 All Things DeFiChain

Join us Live:
https://x.com/i/spaces/1dRKZdPeEmbJB

Biggest Hardfork in DeFiChain’s History is happening tomorrow!

📅 Block Height: 4,463,000
⏳ Estimated Time: 29.10.2024, 16:30 CEST
⏲️ Countdown: https://defiscan.live/blocks/countdown/4463000

Get ready for new features and upgrades!

DeFiChain Community Space

📅 Today, Monday 28th Oct 20:00 CET
🎙️ Moderator: @defichain_Puschi
💬 All Things DeFiChain

Join us Live Tonight
👉 https://x.com/DefichainXSpace/status/1850464912125956445

🚀 The DeFiChain Weekly Update is Here!

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

✅ Biggest Hardfork in DeFiChain’s History is less than 5 days away!
✅ DeFiChain Hardfork Overview
✅ DeFiChain Labs Tech Sync
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-hardfork-countdown-and-overview-tech-sync-and-more

DUSD bonds have been unlocked:

https://mainnet-dmc.mydefichain.com/tx/0x4a99dcf7562c29df789986060f8958cbbbd61d0b5afc2d621ff301b30df556af

https://mainnet-dmc.mydefichain.com/tx/0xa3f4b629e7c64499ce2c9d1447752c19bd21af6401faeca5f94eb71093bdc049

Biggest Hardfork in DeFiChain’s History is less than 5 days away!

📅 Block Height: 4,463,000
⏳ Estimated Time: 29.10.2024, 15:00 CEST
⏲️ Countdown: https://defiscan.live/blocks/countdown/4463000

Get ready for new features and upgrades!

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-october-2024/

Attention DUSD bondholders:

The early release of DUSD bonds is scheduled for this Friday, aligned with the estimated dToken restart plan in approximately two weeks.

DeFiChain Labs October 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
✅ Hardfork & dToken Restart
✅ Q&A with the community

Watch it now and stay in the loop! 👇
https://youtu.be/xxcD0l5UZkI

Join us for the October DeFiChain Labs Engineering Sync!

📅 Today, Monday, October 21, 2024
⏰ Live at 11:00 (CET) // 17:00 (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

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:

✅ Join us for the October DeFiChain Labs Engineering Sync!
✅ DeFiChain Voting Results are in!
✅ DeFiChain Hardfork Overview
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-tech-sync-voting-results-hardfork-and-more

Join us for the October DeFiChain Labs Engineering Sync!

📅 Next week, Monday, October 21, 2024
⏰ Live at 11:00 (CET) // 17:00 (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!

DeFiChain Hardfork Overview

The next DeFiChain Hardfork is coming up on Oct 29th, activating at block height 4,463,000. Here’s what to expect to avoid any misunderstandings in the community:

1️⃣ Revamped Owner Rewards Calculation
Fixes long-standing bugs, streamlining the calculation of owner rewards. This will improve the user experience and be fully completed by the end of the week.

Included in Hardfork: ✅

2️⃣ Faster Block Times
The team is working on speeding up block times, but this feature is still being optimized to ensure stability.

Included in Hardfork: ❌

3️⃣ Token Ownership Update
Soon, token holders will gain more control with the ability to transfer data ownership. Flexibility and power to token holders incoming!

Included in Hardfork: ✅

4️⃣ Token Deprecation
New tools will mark tokens as deprecated (e.g., “EOL”), ensuring a cleaner, more efficient ecosystem by clarifying when tokens are no longer in use.

Included in Hardfork: ✅

5️⃣ Rejecting Pastime Blocks
The EVM layer is being reinforced to ensure that blocks are processed in correct chronological order, boosting blockchain integrity.

Included in Hardfork: ✅

6️⃣ Re-peg & Re-collateralize the dToken System
The implementation of this DFIP will address the challenges of the dToken system, focusing on re-pegging DUSD to $1, rewarding loyal supporters, and strengthening the system for all users.

Included in Hardfork: ✅

More Information:
https://github.com/DeFiCh/ain/releases/tag/v4.2.0

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 ✅

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