Decentralized Finance for Bitcoin DeFiChain Fort Canning Features Tech Talk Also ● Composite swap One swap transaction from USDT to USDC ● Masternode improvements - Reward address enforcement - Operator switch ● Improved slippage protection
Decentralized Finance for Bitcoin DeFiChain Fort Canning Features Tech Talk Also ● Anchor fee for Bitcoin is no longer enforced Expecting more frequent Bitcoin anchors by community ● Refunding of HTLC is now only 1 single call spv_refundhtlcall ● Missing transaction fees from block reward is restored
Decentralized Finance for Bitcoin DeFiChain Fort Canning Timeline Tech Talk ● Concluding development ● Devnet upgrade Week 3 of September 2021 ● Testnet upgrade End of Week 3 or Week 4 of September 2021 ● Node release – v2.0 release Around 30th September 2021 ● Mainnet upgrade Around mid-October 2021 * subject to variable development and testing schedules
Decentralized Finance for Bitcoin DeFiChain Today ● Vibrant user and developer community 18 CFPs for September round ● Jellyfish/Ocean API Strong development library ● Many clients and libraries available Developed by various community members What’s next? Tech Talk
Decentralized Finance for Bitcoin DeFiChain Tech Talk Proposing... * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
Decentralized Finance for Bitcoin DeFiChain EVM + Native DeFi Full Decentralized Finance Capabilities for Bitcoin EVM layer and connection to all EVM chains Allowing smart contracts layer on top of secure Native DeFi protocol EVM * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain Native DeFi Native DeFi provides base primitive functionalities of DeFi ● Tokenization ● Decentralized exchange ● Loan ● Atomic swap ● and more to come... Native DeFi continues to be safe and secure Tech Talk EVM layer and connection to all EVM chains Allowing smart contracts layer on top of secure Native DeFi protocol EVM * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
Decentralized Finance for Bitcoin DeFiChain EVM Tech Talk EVM layer and connection to all EVM chains Allowing smart contracts layer on top of secure Native DeFi protocol EVM Ethereum Virtual Machine (EVM) ● Turing-complete ● Smart contract capability ● Flexible ● Even wider developer-friendly * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval.
Decentralized Finance for Bitcoin DeFiChain What does this mean? ● Native DeFi layer continue to be non-Turing complete and very safe. ● EVM provides extensible layer. ● EVM layer interacts with Native DeFi via smart contract-signed transactions. EVM + Native DeFi * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain Why? ● DeFiChain has built itself from solidifying DeFi smart contracts/prototypes from other protocols. ● We often wonder what it would be like if DeFi prototypes take place right on DeFiChain instead, alongside Native DeFi. ● With this evolution, now we have it. EVM + Native DeFi * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain ● We have Bitcoin bridge via atomic swap. ● EVM blockchains have direct swap protocol. ● With this we will be able to bring in native ETH, ERC20, native BNB, BEP20, and so much more to DeFiChain. ● Imagine TSLA token of DeFiChain is now tradeable at PancakeSwap. Cross-chain support * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain ● DeFi Standard Token (DST) and “ERC20” direct link. ● Every DST is EVM-compatible “ERC20”. ● This allows “ERC20” of DeFiChain to be able to participate directly with protocols such as AnySwap or Connext. DST & “ERC20” * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain ● DeFiChain decentralized stocks tokens tradeable on the greater DeFi ecosystem? YES! ● The very USDC and USDT from Ethereum can be made available at DeFiChain? YES! ● BNB can be tradeable to Bitcoin through DeFiChain? YES! BNB => BNB (DeFiChain) => Bitcoin via atomic swap ● Look at what the community is building on a limited DeFiChain today. Imagine what the community can build on a DeFiChain VM. Exciting! * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
Decentralized Finance for Bitcoin DeFiChain ● Native DeFi will continue to be the safe, secure and non-Turing layer of DeFiChain ● Mature DeFi protocols and projects can be extended at Native DeFi layer for additional security with minimum attack surface. ● EVM => Native DeFi => Nakamoto Consensus ● Security + Flexibility Native DeFi will continue * This is merely a proposal for discussion. Vote of Confidence with clearer narratives and plans will be submitted to seek masternodes’ approval. Tech Talk
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