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Jellyverse Burn event, DMC Universe reveal, Roundtable discussion & New MetaChain projects.

Author

Patrick Hammel
September 25, 2023

In todays edition InTheMarket:

  • DMC Universe Website: First glance

  • Burn DFI and dUSD and get $JLY

  • Innovative lending on the DeFiMetaChain

  • BlackSwan Announcement: Introducing the jAsset system to the Jellyverse.

  • How do MetaChain projects affect the $DFI price? (Roundtable)

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!

DMC Universe Website: First Glance!

Big news for the DeFiChain community! The DMC Universe website is now live, giving you a first look at the platform that unites all DMC projects. This is an exciting milestone that will help further develop and connect the various projects in the DMC ecosystem.

VanillaSwap: Could be the first listed project

While the DMC Universe website is just launching, it looks like VanillaSwap is well on its way to becoming the first listed project. Community voting is underway, and you still have a chance to cast your vote.

How can you vote?

Just click on the Twitter link below and tag the project you think should be featured first on the DMC Universe website.

Why it matters:

  • Centralized information: The DMC Universe website becomes the go-to place for up-to-date info on all DMC projects.

  • Community Participation: Through your vote in the poll, you can directly influence which projects are in the spotlight.

  • More visibility for projects: A listing on the DMC Universe website can bring a lot of attention to a project.

The launch of the DMC Universe website and the ability to have a say in the selection of projects makes the DMC ecosystem more interactive and fosters a sense of community. So, stay tuned for more exciting developments!

Burn DFI and dUSD and get $JLY

While the community eagerly awaits the launch of Jellyverse, the project is picking up steam with a Burn event for DFI and dUSD. This initiative marks an important milestone for the DeFiChain ecosystem. Aimed at reducing the supply of DFI and dUSD while increasing demand, this event attracts investors and participants with a number of incentives.

Token Dynamics

  • Increased dUSD valuation: for the duration of the event, dUSD will be valued at a higher value than the current market price. This provides participants with an attractive opportunity to acquire JLY tokens.

  • Lock-up period for JLY: The acquired JLY tokens are subject to a lock-up period to ensure the long-term success of the project. After the vesting period expires, the tokens are released in a linear process.

  • Staking opportunities: JLY tokens acquired by burning dUSD are automatically staked, allowing holders to earn both block rewards and log fees.

Highlights for DFI holders

  • Instant access to JLY: Those who burn DFI gain instant access to JLY tokens without being subject to a lock-in period.

  • Liquidity Mining (LM) Pool: a portion of burned DFI is pooled with JLY in a 50/50 LM pool. The resulting LM tokens are also burned.

  • Double Benefits: This event not only serves to reduce DFI supply, but also provides initial liquidity for JLY trading.

Why participate?

  • Value Enhancement: Take advantage of the opportunity to burn your dUSD and DFI at an increased value.

  • Ecosystem support: by participating in the Burn event, you help strengthen the entire DeFiChain ecosystem.

The Burn event demonstrates once again how complex and thoughtful the ecosystem around DeFiChain and Jellyverse is. It offers both short-term and long-term incentives and ensures that the interests of participants and the ecosystem as a whole are aligned. A truly exciting move for all involved!

Innovative lending at the DeFiMetaChain

MetaLend, a project of eBox, represents an important extension of the ecosystem on the DeFiMetaChain. This lending protocol offers the remarkable benefit of 0% interest on loans. The technology behind it is based on the Liquity protocol, which can already boast a Total Value Locked (TVL) on the Ethereum blockchain, as well as a stability pool of $780 million.

The testnet version of the MetaLend protocol is currently under development and is expected to be released in the coming week. Participants who contribute constructive feedback to the testnet will be rewarded as part of an airdrop program.

In addition to this, eBox has announced that they will be integrating over-the-counter (OTC) trading into the DeFiMetaChain, which is another step in the development of a versatile and robust ecosystem.

For those interested in participating, more details on the airdrop and testnet version will be posted soon on the official MetaLend website. This project represents a significant advancement in the field of decentralized lending and deserves appropriate attention.

BlackSwan Announcement: Introduction of the jAsset system in the Jellyverse

BlackSwan is currently in the development phase of a jAsset system for the soon-to-be-released Jellyverse. This system, called "Apollo", will extend the existing features of DeFiChain and add a new dimension of decentralized, tokenized assets.

The team at BlackSwan is committed to seamlessly integrating the jAsset system with Jellyverse. This is a significant step for the entire ecosystem and could be the starting point for further innovative developments. It's an exciting feature that is sure to attract the attention of the community.

BlackSwan shows with this announcement that the possibilities on the DeFiMetaChain are far-reaching and the focus is clearly on innovation and scalability. A promising outlook for the near future!

How do MetaChain projects affect the $DFI price?

Want to know how MetaChain projects affect the $DFI price? Then you shouldn't miss the latest episode of the DeFiChain Roundtable. The episode features in-depth discussions with well-known community members like Kügi, Andreas, Bene and special guest DZ.

Why tune in?

  • Expert insights into $DFI pricing factors.

  • Opportunity to contribute your own questions

🎧 Dive Deeper with InTheMarket Podcast and YouTube Channel

Want to explore more about DeFiMetachain? Check out our podcast episodes on Spotify and Apple Podcasts, and don't miss our YouTube video where we discuss DMC in detail:

💬Share Your Feedback with Us

That's all for now! Thank you for being with us on this exciting journey. Don't forget to share our DeFiChain newsletter with your friends and colleagues. Let's grow this community together!

We understand that blockchain and DeFi might not be the only topics that you're interested in. In a world increasingly dominated by technology, AI and machine learning are two more key areas that are becoming ever more relevant.

If you're interested in learning more about AI, particularly on how you can effectively utilize it in your studies or content creation, you might find these two e-books helpful:

Also, to keep you continuously updated, we have a special AI newsletter. You can subscribe here.

Best regards, Peddy