In todays edition InTheMarket:

• New Special DFIP: Staking Token Promotion

• Whale Watching on DeFiChain

• A mysterious new DMC project

• Major Update of DefichainPython Library

• Decentralized Domains on DeFiChain!

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 Special DFIP from Andreas, Kügi and DZ: Staking Token Promotion

Abstract (TLDR): The new Special DeFiChain Improvement Proposal (Special DFIP) offers additional DFI rewards for staking select tokens (ETH, SOL, DOT, MATIC, SUI). These incentives are valid for a period of 120 days and are intended to increase the total value invested (TVL) in DeFiChain.

Details:

• Abolition of the DUSD Buy and Burn Bot (BBB): Previous rewards earmarked for the BBB will now be used to promote the new staking tokens.

• Reward structure: rewards start at a certain value per block and are reduced linearly over the 120-day term. This is to encourage users to invest in the ecosystem for the long term.

Goals:

• The main goals of this DFIP are to attract users from the communities of the newly added tokens and to increase the overall awareness of DeFiChain in the DeFi sector.

• The hashtag #RoadTo50 underlines the ambitions to increase the value of DFI and thereby strengthen the entire ecosystem.

Additional Benefits:

Adding new stackable tokens to DeFiChain will increase the purchase demand for DFI. This is particularly attractive as DeFiChain plans to stack 90% of the tokens deposited as collateral, which should further increase the utility and value of DFI.

Updates and Changes:

• All remaining DFIP will be sent to the Community Fund at the end of the promotion period.

• Crypto Rewards will be reallocated depending on the approval of another DFIP.

Community-Engagement:

The community is already actively involved. A Reddit post and a Twitter space on the topic provide platforms for discussion and feedback. This shows that the team is open to the community's opinion and seeks ongoing dialog.

Links for more information:

• Reddit Post

• Twitter Space

Whale Watching on DeFiChain

Exciting News for the DeFiChainCommunity!

We are proud to announce the release of our first ebook, aptly titled "Whale Watching for DeFiChain". It is a comprehensive guide that will equip you with the tools and knowledge you need to effectively track "whale investor" activity on DeFiChain.

What can you expect in the ebook?

• All-around package: this ebook not only provides a theoretical introduction to "whale watching", but also gives concrete instructions on how to apply this knowledge practically.

• Key competitive advantage: In the volatile world of decentralized finance (DeFi), understanding the movements of large investors (whales) can give you a significant advantage.

• Telegram bot: Among other useful tools, the ebook teaches how to set up a Telegram bot to receive notifications about significant market movements.

Quality and Community-Focus

Before the ebook was published, we solicited feedback from prominent members of the DeFiChain community. We are very pleased to announce that the guide was found to be of high quality and value.

Now available!

You can now purchase your copy of the ebook here. Your feedback is very important to us, because it helps us to constantly improve the quality of our content. So far, the whole thing is only available in English; however, if there is a desire to make the whole thing in German as well, we will of course offer 2 versions in the future!

👉 Here you go to the announcement tweet

We look forward to your feedback and success stories!