In todays edition InTheMarket:

• New DFIP: Crypto Rewards Rebalancing

• VanillaSwap back on MetaChain testnet

• Summary of the DeFiChain Tech Talk

• New DMC Project Crypto Factor

• New DMC Project BLKSWN

• New DMC Project Metalabs

Read time: 4 minutes

^Hey,

Welcome to a new edition of the InTheMarket newsletter! There are exciting news and developments in the world of DeFiChain. Let's get started right away!

New DFIP by Andreas: Crypto Rewards Rebalancing

Summary:

Andreas submitted a proposal to redesign Crypto Rewards within DeFiChain. The proposal focuses on changing the rewards distribution so that only essential pools receive rewards, and allows for the easy addition of more pools. The distribution of crypto block rewards is to be a ratio of 70% for BTC and 30% for ETH. This move is intended to allow for higher overall value retention and more volume through additional arbitrage opportunities. In particular, Ether is to be strengthened as it has established itself as the number 2 by market cap. The proposal would mean a small increase for Bitcoin, but a significant increase for Ether, which would increase the power of the Special DFIP.

Link to DFIP: Reddit Post

Relevance: This proposal could change the dynamics and balance of the reward structure within DeFiChain while strengthening Ether's position in the network. It is expected that more dETH will be minted due to the higher rewards, which could increase the influence and attractiveness of Ether in the DeFiChain ecosystem.

VanillaSwap back on MetaChain Testnet with Airdrop

VanillaSwap is back on the MetaChain public testnet, offering testers the opportunity to participate in an airdrop. Here are the detailed steps to participate:

1. Install Metamask: Install the Metamask browser extension.

2. Connect to DMC Testnet: Connect to the DMC Testnet in Metamask (Network Name: DMC Testnet, New RPC URL: https://testnet-dmc.mydefichain.com:20551, Chain ID: 1133, Currency Symbol: DFI).

3. Use Faucet: Get test DFI tokens at http://tc04.mydefichain.com/faucet/index.php.

4. Visit VanillaSwap: Go to https://vanillaswap.org/#/swap and connect to Metamask.

5. Perform Swap: Choose DFI and VAN as tokens for the swap, set a small amount, click SWAP and confirm the transaction.

6. Participate in the airdrop and sweepstakes:

   1. Airdrop: Any valid address participating in the test PSU will qualify for the airdrop on the mainnet.

   2. Giveaway: There is a $500 giveaway for one lucky tester. To enter, copy the transaction ID and retweet the corresponding Twitter post.

   3. Provide Feedback: Join the Vanilla_Labs Telegram channel and give feedback.

Video-Tutorials:

• VanillaSwap Tutorials in German

• VanillaSwap Tutorials in English

VanillaSwap's testnet operation, combined with the airdrop and giveaway, is a great opportunity for the community to test the platform and receive a reward at the same time. With this active participation, testers support the team in developing a stable and user-friendly platform.

Summary of DeFiChain Tech-Talks about Meta Chain with U-Zyn and DZ

Summary:

In the latest Tech Talk, U-Zyn and DZ shared the development status of Meta Chain, which is currently in beta version 10. The team is very keen on delivering a stable and secure product. Therefore, the community is encouraged to participate in real-world testing. A detailed schedule for the Release Candidate (RC), testnet upgrades and hard forks was outlined, with completion expected in about 3-4 weeks.

Relevance for DMC (DeFi Meta Chain):

The Tech Talk provides important insights into the current development phase of the Meta Chain and its importance for the DeFi Meta Chain. The stable and secure release of the Meta Chain is a critical step for the further development and adoption of the DeFi Meta Chain.

Personal Insights:

I find it encouraging that the team is taking a very deliberate and methodical approach to developing Meta Chain. This caution will ultimately lead to a more robust, secure product that builds community trust. Inviting community participation is also a smart move, as it tests the product in a real-world environment and identifies potential vulnerabilities early.

For more updates on Meta Chain, stay tuned. Your participation and feedback are invaluable in this community-driven development process!

New DMC Project - Crypto Factor

Short Summary:

• Goal: Formation of independent digital entities operating in the future metaverse.

• History: Founded in 2022; focus on revenue generation through blockchain.

• Technology: Uses multi-party computation and Web3 digital identity.

• Future: Develops the Crypto Factor platform and CFR token.

• Partner: Partnership with OpendApps.Cloud.

• CFR-Token: Introduced with a Fair Launch; asset-backing and staking opportunities.

Detailed Analysis:

Introduction:

The Crypto Factor project aims to drive the decentralization of services on DeFiMetaChain. It questions whether the control and versatility of an enterprise entity will be sufficient in the future. Crypto Factor believes in the development of self-sustaining digital entities that can operate in the metaverse and support real operations.

Historical Background

Crypto Factor Ltd was founded in early 2022. The idea is to combine real-world business mechanisms with blockchain technology, mainly DeFiChain [DFC]. They explored partnerships for real-world asset tokenization and fractional NFT ownership.

Future of Crypto Factor:

Crypto Factor plans to introduce a decentralized infrastructure that allows users to easily explore complex concepts. This includes incorporating tokenomics, vesting, staking and more. This will all be possible in an environment that is optimally supported by the soon-to-be-released MetaChain.

Crypto Factor-Platform:

The platform will provide access to the IaaS services described so far. It will also develop the Crypto Factor Token (CFR). CFR will be an integral part of the Crypto Factor ecosystem and is expected to provide real returns to holders.

CFR-Token:

The token will have an asset backing feature, with DUSD acting as a reserve. There will also be staking opportunities where strong holders can receive rewards in CFR, DFI and DUSD.

Conclusion:

Crypto Factor wants to create something new and exciting in line with the goals and aspirations of DMC and the community at large.

More Informationen:

• Reddit-Post

• Twitter

Full details of the project and the CFR token will be published in an upcoming whitepaper. Crypto Factor represents an exciting addition to the growing world of decentralized finance and the Metaverse. It aims to create real, tangible benefits for its users and the broader community.