🇺🇸6th DeFiChain Improvement Proposal: Introducing BCH-DFI Liquidity Pool

The decentralized exchange (DEX) has been operating stably for a month now at DeFiChain. Hence, it is time to introduce more liquidity pool pairs to the DEX.

All information regarding the proposal in video form


Introduction of BCH-DFI liquidity pool.

Based on the market cap of BCH, it is being proposed that an incentive for the funding of 1 DFI per block will be offered as a liquidity mining reward for this pool. Funding will be sourced from the remainder of airdrop fund.

This allows for more liquidity mining options and should attract new users.

Upon approval, this proposal will be implemented as soon as possible.

Important Information regarding the proposal

With the DeFiChain Foundation running no masternodes themselves, the outcome of this proposal is entirely in the hands of the community.

We do hope, however, that you accept this proposal in order to further improve decentralization of the DeFi Blockchain.

Voting for DFIP 4 will commence today, on 7January 2021 at 20:00 SGT, and end on 11 January 2021, at 20:00 SGT.

Before making your decision, we encourage you to discuss your thoughts on this proposal with the wider community on Telegram and GitHub. We would love to hear your feedback, or any questions and concerns you might have.

As to how the voting will take place: you will receive an email from us soon, explaining how you can cast your vote, whether you are running your own masternode or staking on a platform like Cake.

With that said, we would also recommend that you check out our third, fourth, and fifth DeFiChain Improvement Proposals.

We welcome any feedback and look forward to hearing your opinion!

Join the discussion now and give your feedback on GitHub and Telegram!




Bringing #DeFi (Decentralized Finance) to #Bitcoin. https://defichain.com

Love podcasts or audiobooks? Learn on the go with our new app.

Recommended from Medium

Shixing ‘Discus Fish’ Mao— DAO Founding Contributor Spotlight #16

Hodl or Spend: Can Bitcoin Survive Without Both?

Team interview for Inbound Marketing Agency, Auckland, New Zealand. Part I.

NKN Mainnet Token Swap Update 2020

NKN Mainnet Swap 2020

Understanding the Wormhole bridge by Solanax

Where Dash is Accepted Locally and Globally

Where USD Coin is Accepted Locally and Globally

Self-sovereign data in the Datum Network

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store
DeFi Blockchain

DeFi Blockchain

Bringing #DeFi (Decentralized Finance) to #Bitcoin. https://defichain.com

More from Medium

Your Guide to YOP Vaults, Strategies and APY Calculations

🏦⏏️ Assent Protocol bi-weekly recap #1 🏦⏏️

The emergence of the Decentralized Reserve Currency (DRCP)

New & Improved? — DeFi Staker Set to Land in the Fantom Network