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August 7, 2022 – Singapore, Singapore


DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-20 format of its native DFI token pairs on Uniswap.

The proposal put forth by DeFiChain’s lead researcher received more than 96% of votes in favor.
DeFiChain has allocated one million DFI tokens from the community fund to incentivize liquidity mining for the DFI-ETH, DFI-USDT and the new DFI-USDC pairs on Uniswap.
The community fund receives a small percentage of the block rewards and has accumulated over 27,092,291 DFI tokens, which are available to anyone interested in developing on the DeFiChain blockchain.
However, funds are only released if more than 51% of the nodes agree to the proposal. Masternodes are eligible to sign a message to either agree or deny a proposal.
With leading exchanges like Bybit and KuCoin now supporting DFI in ERC-20, the DeFiChain community voted to increase the token’s utility in the ERC-20 format.
The incentives are aimed at increasing the trading volume of the ERC-20 format of DFI and boosting the visibility and awareness of DFI in the wider DeFi ecosystem. The increased trading volume should also encourage more adoption of DFI by other exchanges and services.
Santiago Sabater, the CEO of DeFiChain Accelerator, said,
“With the new liquidity pools and the various upcoming projects to increase the utility of DFI on ERC-20, DeFiChain’s adoption is growing massively. DeFiChain is opening the gates to offer its decentralized assets such as decentralized stocks, commodities and ETFs to the whole DeFi community on the Ethereum blockchain. This will result in massive capital inflows, pleasuring DeFiChain’s investors, while creating new use cases for Ethereum users.”
The liquidity mining rewards will be distributed in the following manner.

DFI-ETH pair at 0.5 DFI per Ethereum block
DFI-USDT pair at 0.25 DFI per Ethereum block
DFI-USDC pair at 0.25 DFI per Ethereum block

In total, one DFI token will be distributed per Ethereum block. Just like DFI emission rate on DeFiChain mainnet, block reward is scheduled to reduce by four percent every seven days (in blocks), starting 9 a.m. UTC on August 22, 2022.
Before that, rewards will only be distributed at a constant rate of one percent of the above rates. It is estimated to allow the reward to sustain well over a year.
A smart contract will be published on Ethereum mainnet that allows the rewards to be paid out in accordance with the schedule. Upon publishing of the smart contract, DFI will be placed in the smart contract in tranches for safety reasons.
An accompanying decentralized app will be launched for liquidity providers to take part in the liquidity mining program.
About DeFiChain
DeFiChain is a decentralized proof-of-stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.
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Benjamin Rauch
This content is sponsored and should be regarded as promotional material. Opinions and statements expressed herein are those of the author and do not reflect the opinions of The Daily Hodl. The Daily Hodl is not a subsidiary of or owned by any ICOs, blockchain startups or companies that advertise on our platform. Investors should do their due diligence before making any high-risk investments in any ICOs, blockchain startups or cryptocurrencies. Please be advised that your investments are at your own risk, and any losses you may incur are your responsibility.

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The post DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap appeared first on The Daily Hodl.


August 7, 2022 – Singapore, Singapore DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-...

dailyhodl.com

DeFiChain Community Brings Attractive Rewards for DFI ERC-20 Pairs on Uniswap

Chainlink said it will not provide support for forked versions of the Ethereum blockchain after the much-anticipated shift from Proof of Work (PoW) to Proof of Stake (PoS), also known as the Merge. However, the Chainlink protocol and services will remain available during and after the Merge.
“Users should be aware that forked versions of the Ethereum blockchain, including PoW forks, will not be supported by the Chainlink protocol. This is aligned with both the Ethereum Foundation’s and broader Ethereum community’s decision, achieved via social consensus, to upgrade the Ethereum blockchain to PoS consensus,” Chainlink said in a notification on its website.
Advises Safety Measures
The blog post advised the developers and dApp teams on the Ethereum network, who are not sure about their move with respect to the Merge, to put their smart contract operations on hold to “avoid unforeseen incidents and help protect end users.”
The blockchain oracle service provider, however, assured the users on the Ethereum network that it’s doubling down on its quality assurance process to meet the challenges of the upcoming network upgrade.
“dApps operating on forked versions of Ethereum, including PoW forks, might behave in unexpected ways due to both protocol and application-level issues, introducing increased risk for users,” it said.
Speculation of Hard Fork
Chainlink is a leading smart contract infrastructure provider on the Ethereum network with significant footprints in Defi, Enterprise, and NFT & Gaming arenas. Ahead of the Merge, speculation is rife that the network will split into ETHPOW and ETH2.0 or ETHS.
Blockchain security experts point to the possibility of ETH holders getting the airdrop, and scammers might take advantage of the fluid situation surrounding Ethereum’s transition. Chainlink’s clarification, therefore, that it will not support any forked version of Ethereum in the event of a split of the network makes things clear for developers and dApps on its network.
Chainlink Driving Adoption
A Bank of America analysis in February said that Chainlink, with over $60 billion of total locked value in smart contracts, will drive mainstream blockchain adoption across industries, including gaming, gambling, and insurance.
In June, Chainlink announced that its live price feed will be available on Solana, initially for BTC, ETH, and USDC, and will later be expanded to cover other coins. The very next month, Bybit announced the integration of Chainlink’s live price feeds for 35 coins to enhance price accuracy for its spot trading services.
The post Chainlink Will Not Support Ethereum Forks After the Merge appeared first on CryptoPotato.

Advises developers and dApps, who are not sure about their transition moves to halt smart contract operations until the network becomes stable.

cryptopotato.com

Chainlink Will Not Support Ethereum Forks After the Merge

[PRESS RELEASE – Singapore, Singapore, 7th August 2022]
DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity mining rewards for the ERC-20 format of its native DFI token pairs on Uniswap. The proposal put forth by DeFiChain’s Lead Researcher received more than 96% votes in favor.
DeFiChain has allocated one million DFI tokens from the Community Fund to incentivize liquidity mining for the DFI-ETH, DFI-USDT, and the new DFI-USDC pairs on Uniswap.
The Community Fund receives a small percentage of the block rewards and has accumulated over 27,092,291 DFI tokens, which are available to anyone interested in developing on the DeFiChain blockchain. However, funds are only released if more than 51% of the nodes agree to the proposal. Masternodes are eligible to sign a message to either agree or deny a proposal.
With leading exchanges like Bybit and KuCoin now supporting DFI in ERC-20, the DeFiChain community voted to increase the token’s utility in the ERC-20 format. The incentives are aimed at increasing the trading volume of the ERC-20 format of DFI, and boosting the visibility and awareness of DFI in the wider DeFi ecosystem. The increased trading volume should also encourage more adoption of DFI by other exchanges and services.
Santiago Sabater, the CEO of DeFiChain Accelerator said, “With the new liquidity pools and the various upcoming projects to increase the utility of DFI on ERC-20, DeFiChain’s adoption is growing massively. DeFiChain is opening the gates to offer its decentralized assets such as decentralized stocks, commodities and ETFs to the whole DeFi community on the Ethereum blockchain. This will result in massive capital inflows, pleasuring DeFiChain’s investors while creating new use cases for Ethereum users.”
The liquidity mining rewards will be distributed in the following manner:

DFI-ETH pair at 0.5 DFI per Ethereum block
DFI-USDT pair at 0.25 DFI per Ethereum block
DFI-USDC pair at 0.25 DFI per Ethereum block

In total, one DFI token will be distributed per Ethereum block. Just like DFI emission rate on DeFiChain mainnet, block reward is scheduled to reduce by 4% every 7 days (in blocks) starting 9AM UTC on August 22. Before that, rewards will only be distributed at a constant rate of 1% of the above rates. It is estimated to allow the reward to sustain well over a year.
A smart contract will be published on Ethereum mainnet that allows the rewards to be paid out in accordance to the schedule. Upon publishing of the smart contract, DFI will be placed in the smart contract in tranches, for safety reasons.
An accompanying decentralized app will be launched for liquidity providers to take part in the liquidity mining program.
About DeFiChain
DeFiChain is a decentralized Proof-of-Stake blockchain created as a hard fork of the Bitcoin network to enable advanced DeFi applications. It is dedicated to enabling fast, intelligent, and transparent decentralized financial services. DeFiChain offers liquidity mining, staking, decentralized assets, and decentralized loans. The DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.
The post DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap appeared first on CryptoPotato.

[PRESS RELEASE &#8211; Singapore, Singapore, 7th August 2022] DeFiChain, the world’s leading blockchain on the Bitcoin network dedicated to bringing decentralized financial applications and services to everyone, is thrilled to announce that its community has voted to offer lucrative liquidity min...

DeFiChain Community Brings Attractive Rewards For DFI ERC-20 Pairs on Uniswap

The first day of the main stage event included a keynote presentation from Ethereum's Vitalik Buterin, 1inch Network's Sergej Kunz, and Klaytn Foundation's Sam Seo. 

cointelegraph.com

Korea Blockchain Week, Aug. 8: First-day takeaways from the Cointelegraph team


Celsius Network has withdrawn its motion to hire former CFO Rod Bolger back. The company had planned to hire him to help with the bankruptcy proceedings.



Lending platform Celsius has withdrawn its motion to hire former Chief Financial Officer Rod Bolger, according to a court filing in the Southern District of New York. The company had filed a motion to hire Bolger at the start of the month, saying that it had needed his expertise to help navigate the bankruptcy proceedings.



The withdrawal takes place right before the hearing for it that was scheduled on Aug. 8. Celsius had planned to hire Bolger back at a salary of $92,000 a month for a minimum period of six weeks. Bolger had resigned from the company, serving the eight weeks’ notice period. He was the former CFO of the Royal Bank of Canada and divisions of the Bank of America.



Investors had also taken issue with the decision to rehire Bolger. Attorneys for some investors filed an objection, saying Celsius offered “little detail” as to why his expertise was necessary. One attorney said that the decision “reflects a level of callous indifference to the customers of Celsius.”



Celsius still enduring a tough time



The Celsius saga has been fraught with drama, and it remains to have a strong hold on the wider world’s attention. Its customers, meanwhile, are facing a pessimistic outlook, and it may be years before they have access to their funds.



The company also faced a data breach recently, adding to its woes. An Arkansas resident has also filed a class action lawsuit against the firm. This string of incidents does not make it easy for Celsius as it attempts to emerge from its financial stress.



Voyager to resume withdrawals



There have been some positive developments in the Voyager case, which should bring some relief to customers. The company announced in a blog post that it would resume withdrawals of up to $100,000 in a 24-hour period starting from Aug. 11.



Voyager was recently given the go-ahead to return $270 million to its customers. It also reportedly has multiple offers on the table and even received one from Alameda Research and FTX. Lawyers for the firm said that this offer was a low one and that the company is open to “serious proposals.”
The post Celsius Withdraws Motion to Rehire Former CFO appeared first on BeInCrypto.


Celsius Network has withdrawn its motion to hire former CFO Rod Bolger back. The company had planned to hire him to help with the bankruptcy proceedings.
The post Celsius Withdraws Motion to Rehire Former CFO appeared first on BeInCrypto.


Synthetix Network price	$4.10
Low - High 24H	$4.07 - $4.27
Market cap	$950.20M
Volume 24H	$88.96M
All time high	$28.53 -85.65% February 14th 2021
All time low	$0.034786 11668.38% January 6th 2019
Genesis date	N/A

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