2024 Year in Review: DeFiChain and dForce Achievements

🚀 DeFi's Wild Ride of 2024

By DeFiChain DEX
Jan 9, 2025, 2:02 PM
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Photo by DeFiChain DEX

Key Highlights from 2024:

  • DeFiChain delivered significant platform enhancements and innovations through dedicated developer contributions

  • dForce reached major milestones:

    • $12B+ total volume
    • ~1M transactions
    • 38,000+ new users
    • $158M+ in total assets
  • Notable dForce developments:

    • Launch of sUSX and Unitus V2
    • Multiple successful governance proposals
    • Secured major grants: 1M ARB tokens, 500K ARB tokens (STIP Bridge), 250K PYTH tokens, and 70K OP tokens

Visit the official blog posts for detailed insights into these achievements.​

Sources

The year 2024 marked a transformative chapter for DeFiChain, as it delivered a series of landmark innovations that significantly enhanced the platform’s capabilities and utility. As we step into a new year, it is essential to reflect on the milestones achieved in 2024, made

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🔄 VanillaSwap Shuts Down, Community Steps In

**VanillaSwap UI permanently shut down** on December 8th after VanillaLabs announced discontinuation. **DTL Team launched emergency replacement** - the new Community UI is now the **only interface** for DeFiMetaChain swaps. - Access at: [defichaincommunity.github.io/cAssets_dToken_wrapper](https://defichaincommunity.github.io/cAssets_dToken_wrapper/) - Liquidity functions still in development - Interface tested extensively, minor bugs possible **cUSDC/dUSDC deployment delayed** to mid/end December as DTL shifted resources to maintain DEX functionality. Community urged to spread awareness across Telegram, Discord, and X that VanillaSwap is offline.

🏗️ Development SIG Charter DFIP Goes Live

The **Development SIG Charter DFIP** is now live on-chain, marking a significant step toward establishing a dedicated programming group for DeFiChain. **Key Details:** - Community donations successfully funded the DFIP submission fee - The proposal aims to create a specialized group focused on DeFiChain development - Originally drafted by Hulix, the initiative gained community support through Reddit discussions **What's Next:** - Community members can now review and vote on the proposal - The Development SIG would provide structured support for programming initiatives on DeFiChain [View the on-chain DFIP](https://defiscan.live/governance/b7cc56fa6577ccc617d66afd4fedc53c508ef5d2f626e2004b167f1d0ec92a08) *Time to participate in shaping DeFiChain's development future.*

DeFiChain Weekly Update Covers Tokenomics Discussion and dNFLX Stock Split

DeFiChain Weekly Update Covers Tokenomics Discussion and dNFLX Stock Split

**DeFiChain's latest weekly update** highlights key ecosystem developments: - **Tokenomics discussion** continues as the community explores economic improvements - **dNFLX stock split** implementation affects decentralized stock token holders - **Crypto Factor developments** bring new features to the platform - **DEX trading updates** include cUSDC/dUSDC pair status and Vanilla UI improvements The comprehensive update covers technical progress across DeFiChain's decentralized finance infrastructure. [Read the full weekly update](https://blog.defichain.com/2025/11/defichain-news-week-48.html)

Netflix Stock Split Catches DeFi Oracle Off Guard, Shorting Positions at Risk

**Netflix 10-for-1 Stock Split Creates Oracle Delay** The Token Economy SIG missed Netflix's stock split timing, failing to update oracle pricing in coordination with the event. **Current Status:** - Oracles continue showing pre-split prices to prevent DEX disruptions - On-chain split implementation being planned - No DEX issues occurred despite the delay **Trading Warning:** - **Shorting NFLX positions will not generate gains** once the split goes live on-chain - Traders should avoid new short positions until implementation **Related DeFi Incident:** Alpaca Finance faced similar oracle challenges with $THE token after Binance listing caused 5x price surge: - 29 wallets affected with $116k combined losses - Only isolated pool lenders impacted - $50k recovered through liquidations Both incidents highlight the challenges of maintaining accurate oracle pricing during rapid market changes and the importance of coordination between traditional finance events and DeFi protocols.

dUSDC Coming Soon to Native DeFiChain DEX

DeFiChain is preparing to launch **dUSDC** on its native blockchain platform. The announcement indicates the stablecoin integration is in final stages, though no specific launch date has been provided. - dUSDC will be available on DeFiChain's decentralized exchange - Users will benefit from the platform's zero gas fees for reward claims - The integration expands DeFiChain's stablecoin offerings beyond existing options This development could enhance liquidity options for DeFiChain users and provide additional yield farming opportunities on the platform.

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