DeFiChain - Announcements

Only 7 Days Left to Vote!

Don’t miss the opportunity to shape the future of DeFiChain! Voting is open until around January 13th, 2025.

The year 2024 marked a transformative chapter for DeFiChain, as it delivered a series of landmark innovations that significantly enhanced the platform’s capabilities and utility.

As we step into a new year, it is essential to reflect on the milestones achieved in 2024, made possible through the dedication of developers, contributors, and stakeholders.

Check it out in our latest blog post:
https://blog.defichain.com/2024-a-year-full-of-achievements/

Happy New Year to the DeFiChain Community ✨

Here’s to an exciting year ahead 🥂

Merry Christmas to the amazing DeFiChain Community! 🎄✨

🎄 DeFiChain’s Christmas Slowdown 🎄

As the holiday season embraces us, the DeFiChain Labs team is taking a step back for a well-deserved Christmas break from now until January 7, 2025. During this time, the team is reflecting on the year’s accomplishments, recharging, and gearing up for an exciting new chapter.

To all our valued DeFiChain stakeholders—from developers to investors, community builders, and passionate advocates—we extend our warmest wishes for a joyful holiday season and a prosperous New Year.

When the team returns in January, expect to see the energy and focus ramp up significantly as we dive into key initiatives requested by the community:

✅ DeFiChain.com Website Update: We’re committed to refreshing the platform’s digital front door, ensuring it reflects the growth, usability, and vision of our ecosystem.

✅ Ecosystem Bridging Talks: The ecosystem's need for seamless bridging and unbridging of dCrypto assets is front and center. Our dialogues with ecosystem stakeholders will focus on restoring this vital functionality to enhance user experience and trust.

✅ Market Making on KuCoin: Sustaining liquidity is a cornerstone for any thriving DeFi project. The team will tackle market-making continuity, ensuring KuCoin remains a vibrant trading hub for DeFiChain.

This slowdown isn’t just about taking a break—it’s about stepping back to leap forward.

With community-driven goals in place, 2025 is shaping up to be transformative for the DeFiChain ecosystem.

Happy holidays!

🚀 The DeFiChain Weekly Update is Here!

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

✅ A Closer Look at the December DFIP & CFP Voting Round
✅ CFP Spotlights
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-dfip-cfp-voting-round-and-deep-dive-into-cfps

The backbone of any blockchain ecosystem lies in its infrastructure—reliable, efficient, and scalable services that support users, developers, and the network's integrity.

The MyDeFiChain team has filed a Community Fund Proposal (CFP) for 2025, ensuring the continuation of critical services while optimizing costs.

Find out more about it here 👇
https://blog.defichain.com/cfp-spotlight-ensuring-the-continuity-of-mydefichain-infrastructure-in-2025/

🚀 The DeFiChain Weekly Update is Here!

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

✅ CFP Spotlight: Operational and Infrastructure Costs For Cloud Services
✅ CFP Spotlight: Ensuring DFI Market-Making Continuity
✅ A Closer Look at the December DFIP & CFP Voting Round
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇
https://blog.defichain.com/weekly-update-cfp-spotlight-december-voting-round-and-more

Liquidity and trading efficiency are the lifeblood of any thriving cryptocurrency ecosystem. The latest funding proposal for DeFiChain addresses precisely this need.

Find out more about it here:
https://blog.defichain.com/cfp-spotlight-ensuring-dfi-market-making-continuity/

As blockchain ecosystems mature, maintaining the critical infrastructure that underpins their reliability and functionality becomes a strategic priority. The latest funding proposal for DeFiChain addresses precisely this need.

Find out more about it here:
https://blog.defichain.com/cfp-spotlight-operational-and-infrastructure-costs-for-cloud-services/

🚀 The DeFiChain Weekly Update is Here!

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

✅ DeFiChain Labs November Tech Sync
✅ A Closer Look at the December DFIP & CFP Voting Round
✅ Information About How to Set up a SIG
✅ Ecosystem Project Updates

All these are covered in our weekly update blog below 👇

https://blog.defichain.com/weekly-update-tech-sync-voting-round-sigs-and-more

A Closer Look at the December DFIP & CFP Voting Round

Check out our blog for details on the 6 DeFiChain Improvement Proposals (DFIPs) and 5 Community Fund Proposals (CFPs) up for vote.

Don’t miss your chance to have a say in the future of DeFiChain!

👉 https://blog.defichain.com/a-closer-look-at-the-december-dfip-cfp-voting-round

Last 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-november-2024

🚀 The DeFiChain Weekly Update is Here!

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

✅ Information About How to Set up a SIG
✅ DeFiChain Labs November Tech Sync
✅ DeFiChain Ecosystem Update
✅ Ecosystem Project Updates

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

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

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

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!

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!

🚀 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!

📅 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 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/

Update as per DFIP:

Negative Interest Rate at -971.43%
Fee at 4.17%

Change coming into effect on: 4521650

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

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

🚀 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

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!

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.

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.

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 ✅

No liability assumed