I just completed this crypto #learnandearn course on @cakedefi and earned $5 in #crypto for free! Try it out with this link and get an additional $30 #bonus worth of $DFI when you sign up and make a deposit of $50 or more. https://t.co/AQ896AXlXN
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://t.co/toCGDuGXlF
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.
๐ฃ Final Reminder: Voting for special DFIP Closes Tomorrow!
Last chance to participate in the voting for the special DFIP! Make your voice count.
Head over to Bakeโs Home screen, cast your vote and have a say in shaping the future of DeFiChain.
๐ฑPlease note that voting is only available on the mobile app.
For more information on the voting process, please visit:
https://t.co/eQvE7d0FPD
felt like writing up some of my investment theses for 2024; and shill them a little. so here a little thread about two ordinal projects and two defi projects:
1) OMB @OrdinalMaxiBiz
2) OCM @OnChainMonkey
3) Defichain @defichain
4) Sovryn @SovrynBTC
1โฃ5โฃ M+ TVL in $DUSD Staking on #Javsphere! What a milestone ๐คฉ! Thx again for your ongoing support #DeFighter for @defichain! Together we can reach the repeg ๐ช! There will be some additional #awesome announcements today, so stay tuned ๐
@mkuegi @DanielZirkel @SilverBack_Bob @lordmarkcrypto @IgorShelkovenk1
If you remove your liquidity from pools DUSD-USDT, DUSD-USDC and DUSD-EUROC and add the liquidity back at 1$ PEG or buy more DUSD now, with your stable coins, you will end up with a higher total amount then staying in the pools. No financial advice, just thinking out loud ๐
๐ข ๐๐๐ฆ๐จ๐ฏ๐ ๐ฅ๐ข๐ช๐ฎ๐ข๐๐ข๐ญ๐ฒ ๐ ๐๐ญ๐๐ฐ๐๐ฒ ๐ฉ๐จ๐จ๐ฅ๐ฌ ๐ข
Every liquidity provider of the gateway pool can help the movement towards peg.
Remove the liquidity
- to support the pool ratio shift and
- to reduce you impermanent loss
There is a lot of potential to support the community effort and you just miss some rewards for a couple of days - the avoided IL will over-compensate it
Let's have a look on the current pools to show what I mean.
dUSD-DFI
This pool shows nearly a constant liquidity the last 2 days and it's the biggest one with the just a few block rewards.
dUSD-dUSDT
Here we had a slight decrease, but today someone added a bigger amount of token as liquidity. This makes the re-peg even harder.
dUSD-dUSDC
Similar pic on the dUSDC pool. Some nice liquidity removal yesterday, but today it is slightly filled up
How to add $JLO to MetaMask?
1โฃAdd the #DMC network to your MetaMask:
https://t.co/13q3RQ5Vez
2โฃType the $JLO contract address by selecting "Import Tokens" (In bio)
โ That's it! Now, like & RT earn free $JLO
10 people ~ 50.000 each๐ซ
D: 12H ๐ฅ
#Airdrop#DeFiChain