Four new tokens on the DeFiChain

Following the community vote on March 2, 2022, four new decentralized tokens will be added to DeFiChain. The lucky winners are the stocks of Facebook, Microsoft, Netflix and the Vanguard 500 Index.

Another vote on adding tokens to DeFiChain took place. Following January’s stocks of Coinbase (COIN), NVIDIA (NVDA) and Amazon (AMZN) and Emerging Markets ETF (EEM), stocks of Facebook (FB), Microsoft (MSFT) and Netflix (NFLX) have now been added to DeFiChain in addition to the Vanguard 500 (VOO) index, bringing the number of tokens offered on the blockchain to 23. These tokens have outperformed titles such as Twitter, Nestlé or Disney in the voting.

Result of the public vote on adding new tokens on DeFiChain

The arrival of these new values on the DEX was effective from March 3rd. Liquidity mining rewards will start on March 7th when block 1,685,500 is discovered to be exact. A new reward scheme will then be introduced.

Distribution of current and future liquidity mining rewards after the integration of the new tokens in March 2022

For the avoidance of any possible misunderstanding, it should be noted that the percentages shown do not correspond to the returns (APR) of the dToken/dUSD liquidity pools. This is the share of the rewards given to the different pools by the masternodes. If 100 DFI are allocated to the pools, then 4.5% of that 100 DFI, i.e. H. 4.5 DFI, are allocated to the pool of USD/dTSLA. This 4.5 FDI is then shared among all participants in the US Dollar/USD/dTSLA pool in proportion to their share of the pool. If I own 1% of this pool, then I get 0.045 DFI on confirming a block.

While this new addition will lower some APRs for liquidity mining, it will diversify the supply of decentralized tokens on DeFiChain and ultimately increase the value of the DeFi project.


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