In todays edition InTheMarket:

• 🧬 What is DeFiMetaChain?

• 🎂 3. Birthday DeFiChain

• 💭 DFIP: DUSD Staking

Read time: 4 minutes

^Hey,

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

🧬What is DeFiMetachain?

First of all, what exactly is DeFiMetaChain? Good question! Think of DeFiMetaChain as a sort of "upgrade" to DeFiChain. It's a new, EVM-compatible blockchain that runs in parallel with the existing DeFiChain. This means that it is compatible with both DeFiChain and Ethereum, allowing developers to create decentralized applications (dApps) that can run on both networks.

Simply put, DeFiMetaChain brings together the best of both worlds: the security of Bitcoin, on which DeFiChain is based, and the flexibility of Ethereum. This allows us to offer new and innovative DeFi services that are faster, cheaper, and more powerful than ever before. And the best part? You retain full control and sovereignty over your assets.

Here are some key concepts that might help you understand DeFiMetaChain:

• Ethereum compatibility: Ethereum is the most well-known platform for developing dApps. A dApp is a decentralized application that runs on a blockchain and operates without centralized control. The DeFiMetaChain is EVM compatible, which means it is compatible with Ethereum and supports dApps running on Ethereum.

• Proof of Authority (POA): this is a consensus mechanism (a system that determines how transactions are confirmed) used in the DeFiMetaChain. Unlike other mechanisms, such as Proof of Work or Proof of Stake, where anyone can participate, POA only selects trusted and pre-approved nodes (computers on the network) to participate. This makes transactions faster and less expensive.

• Parallel Blockchain: the DeFiMetaChain runs in parallel with the DeFiChain. This means that they can coexist and interact with each other, but also function independently. This allows DeFiChain to implement new features and applications without disrupting or changing the existing blockchain.

For a taste of the DeFiMetachain website, click here.

Breaking News:

→ 0ptim made a tutorial on how to get started. Read here

The potential of DFI: features, growth prospects and future opportunities on DeFiChain.

DFI as a basis for projects:

This point highlights the potential of DFI and DeFiMetaChain as a platform for decentralized financial projects. As with any cryptocurrency and blockchain platform, a lot depends on how many developers and users use the platform and what projects they build on it.

🎂Celebration of DeFiChain's 3rd Anniversary:

May 11 marked the third anniversary of the first block on DeFiChain. This impressive journey, from the UTXO model to the groundbreaking announcement of DeFiMetaChain, shows a path of innovation and steady growth.

The last three years have been a time of remarkable progress for DeFiChain. From the launch of its own native token, DFI, to the creation of a diverse ecosystem of dApps, DeFiChain has continuously added new features and services. The focus has always been on providing decentralized financial services to the broader crypto community.

The recently announced DeFiMetaChain is a particularly exciting milestone in this journey. Although it is not yet live, this announcement demonstrates how far DeFiChain has come and the incredible potential it holds for the future. It's a clear sign that DeFiChain is ready to remain at the forefront of the DeFi sector and continue to develop innovative solutions for its users.

You can find the blog post here.

💭Special DFIP: DUSD Staking

One proposal that is making waves in the DeFiChain community right now is DUSD Staking. This concept, brought to the table by our community member kuegi, offers an innovative solution to stabilize the DUSD exchange rate, which is unfortunately deviating from the ideal peg of $1 at the moment.

But what exactly is DUSD staking? Well, it's similar to the staking you may already know from DeFiChain, only in this case you're staking DUSD tokens instead of DFI. You "stake" your DUSD tokens in a smart contract and receive rewards in the form of additional DUSD. This could help regulate the supply and demand of DUSD, stabilizing the price.

To accomplish this without causing additional inflation, a portion of the Dex fees could be used as rewards for DUSD staking. These fees would then automatically adjust to the algo ratio.

An important aspect of this proposal is the introduction of 100% DUSD vaults. This means that you can only have DUSD in these Vaults, which protects the system from possible abuses. Maurice has highlighted this point in his feedback.

We look forward to following up on this proposal and seeing how it can help improve the price stability of DUSD. Our community member mrgrauel has already collected 5000 DFI to submit this particular DFIP to demonstrate our strong support for this initiative.

Read the reddit post here

🎧 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:

• Spotify

• Apple Podcasts

• YouTube:

💬Share Your Feedback with Us

hat'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:

• Study Smarter with AI: Your Guide to Academic Success

• Master Content Creation with AI: The Ultimate Guide for Content Creators to Boost Efficiency

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

Best regards, Peddy