Hi! I would take it easy on the delisting claims you are making, considering you only supported what seems to be general knowledge information.
Without any additional info, your post is not much valid, with all due respect.
The info is not exactly unexpected, considering recent regulatory developments especially in asian countries that are forcing exchanges to change it's course of action.
Namely and for example, one of the most heard latelly about staking being considered a service that is not suitable for retail in Singapore and that more jurisdictions are starting to follow, which will end up on retail being forced out of any staking coins, which will only have such services available for acredited investors.
Kukoin itself is delisting (a lot!) of staking and earn products on many crypto that has that possibility. And more will follow.
I would not be worried on DFI specifically, I would be worried with staking crypto in general, as this may open a precedent for the future.
Which does not stop being ironic, as staking was always praised as the future since is way more energy efficient than POW.
Yet here we are, now that the POW coin, BTC, has an ETF, suddently, staking seems to be the problem.
Next chapter, Ethereum 😉
Bake is dead to me stateside (though kucoin is too). If kameltoe forces its way in, that's the death of crypto stateside. Bring on the multipolar world to put these tyrants 6 feet under.
Читать полностью…Become part of our DeFiChain wiki communities to easily share and access important information about DeFiChain.
1) defichain-wiki.com
2) defichainwiki.com
in the logs I have a file from August 2nd which does not have a dat extension but a json
Читать полностью…Hi! Following regulation updates, Bake needed to end active support for Quantum Bridge, as per announcements held.
Find it below!
/channel/defichain_announcements/1613
Bake will open source the code for anyone wanting to follow through with the service for the community or any other interested party.
Also below, another article from DeFiChain Labs, explaining bridges as understood per Mica regulations and the impact of this in bridges operated by companies/exchanges and non custodial entities, so you may better understand this move and other similar in the near future on other players in the crypto space that you may observe!
/channel/defichain_announcements/1629
There is no « you » or « your. »
Everything up to this point has been done by the community that existed at that time. The main issue causing 1 DUSD ≠ $1 was DFI repayment of DUSD loans. This was voted on by masternodes and approved by the community.
You are asking for someone to fix it, while you assign blame to Daniel and those you believe to be responsible for the depeg. This might be tolerated if DeFiChain was a corporation, but DeFiChain is a communal entity.
As Daniel said, let’s work together to build back, because talking about -99% losses will not suddenly make everything pretty again.
DeFiChain Labs Tech Sync
Missed yesterday’s DeFiChain Labs Tech Sync? No worries! Catch the full recap on YouTube where we covered:
✅ Status Updates
✅ Team Projects Progress
✅ Collaborative Bug Squashing on GitHub
✅ Q&A with the community
Watch it now and stay in the loop! 👇
https://youtu.be/RVWGxoaURZg
Long story short is, your “stable” coin is not so stable and 99% of the investors have lost significant amount of money. If your TVL would actually be 160 mil of usdt/usdc/btc or anything liquid, you could easily re-establish the peg for your stable coin. Question is why you haven’t done it already?
Читать полностью…That’s only on DUSD-DFI, there’s a 2% fee on dUSDC-dUSDT and no additional fee if you go through vanillaswap
Читать полностью…Why the absurd 80% fee to sell the dusd? Can’t think about more predatory fees than this.
Читать полностью…Hi! What do you mean with illiquid? Isn't BTC liquid? ETH, SOL, and all the others available in the link shown, are not liquid? If that is not liquid, so does the rest of the crypto market is not.
As for dusd, yes, dfips are being proposed, the most current one to be put to practice in the next hardfork on September if I well remember.
Well, when one door closes, another opens. DFI was just listed in another exchange and will start trading soon.
Follow the announcements to know more! 🙂
whats the point of earning 1-2 percent when at the time of allocation the price will be 99 percent down
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filename is debug.log and it is located in your blockchain directory.
for windows %appdata% and then Defichain Blockchain. for more info and other os you can also check the wiki
check the debug.log for errors and warnings. sometimes the node in the background is just working.
Читать полностью…dUSD peg can't be reestablished that easily, because dUSD requires proper collateral value (inside vaults).
The total collateral value in vaults is part of the TVL, but not all TVL is backing dUSD (and is not supposed to).
All I want to say is you probably mean Total Collateral Value (TCV), not Total Value Locked (TVL).
Please don't oversimplify it.
Having a backed system is no garantee of a peg impossible to lose, as well as not a garantee of an easy peg if it depegs. If that was so easy, everyone would do it, me, you, Terra with the USTC. We all know they did not last a week after depeg. And I am not seeing Terra coming out of the ground neither your DFIP to restore the peg.
As said before, please check on socials so we all may speak the same language. Is a well known fact that a past community vote, towards paying DUSD loans with DFI lead to an excessive amount of algo DUSD causing an inbalance in the ecosytem, which now needs to be eliminated through burns and other mechanisms, before an healthy equilibrium is reached that allows DUSD to be able to rise again.
Will that be easy? Obviously no, but community keeps building and trying new approaches to check the best fit for this. As simple as that. Is this ideal? Obviously not. But would you prefer a community that quits over one that keeps building and fighting, is that it?
We’re actively working on it, so no need to worry (in case you are). If there’s anything specific you think could add value, we’d love to hear your thoughts.
Читать полностью…Sorry to say this and with all due respect, but you are clearly not aware of communications made on socials and are simply stating long term known facts as if they had appeared out of nowhere today and everyone got caught on surprise.
The 80% fee exists as a stabilization fee for quite some time for the DUSD- DFI pool.
All other DUSD pools have near neglectible fees. This same fees and changes were communicated and approved by the community. No one is oblied to swap dusd into DFI, much less to use the DUSD-DFI pool for such. Anyone can swap from DUSD to any stable and from that, to DFI with reduced fees or withdraw the stablecoins. This just as an example.
As for the tokens, sorry but you need to clarify what do you mean with "assets" as "our own tokens".
There are no tokens from "us", as there is no "us". The assets in the backing adresses are all backed 1:1 and deposited by members from community in LM pools or owned by masternode owners who lock them into the respective masternodes as a mean of voting rights under the on-chain governance.
Btc, sol, eth and other coins are easily tradable and has enough volume to trade with almost no slippage. Your “assets” that back these 160 mil are your own tokens. I can draw the same parallel same as FTX tokens, although they probably were more liquid than the aforementioned “assets”.
Читать полностью…Several measures have been implemented regarding dUSD, but they haven't shown any improvement in the past. While some believe that dUSD can still be saved (given the current DFIPs still being proposed), others doubt any improvement in the future.
Читать полностью…Basically illiquid assets and not usd/btc. What’s going on with DUSD? Any plans to sort out the peg there?
Читать полностью…