What is the use case of dfi?

Question

Bake EN (official)

Calm

What is the use case of dfi?

0

27.08.2023

8 ответов

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Zachary Chan

As with the user above, do ask DefiChain-specific questions in the respective groups. But if you’re interested in the reason DefiChain was created and the use cases it was designed to address, you can read some of the content from the DefiChain website direction or go through the original whitepaper. https://defichain.com/white-paper

0

27.08.2023

Calm Автор вопроса

Zachary Chan
As with the user above, do ask DefiChain-specific ...

Thank you, I have read those. Those sources have some marketing spin, and are also written a while ago. A good idea should be able to be summarized in an elevator pitch. What does dfi enable today, other than speculation on the dfi ecosystem?

0

27.08.2023

Zachary Chan

Calm
Thank you, I have read those. Those sources have s...

And that should be asked in the Defichain group. It is not that we don’t want to answer questions of users, but they should be directed to the appropriate groups to maintain topical relevancy. Bake is not Defichain, any more than Bake is Ethereum, or Polygon, or Sui. Bake offers its services now on multiple blockchains, so questions regarding the development and direction of the blockchain themselves should be at their respective groups. 🙏 Blockchains are very technical designs, simplify it too much and it sounds like marketing fluff, throw in the technical stuff and it goes past the heads of most retail investors. Defichain is continuously evolving and is gearing up for their bug metachain evm launch. If you head to the Defichain group, there are tons of resources for you to read about the latest developments, blogs, podcasts, YouTube livestreams.

0

27.08.2023

NKOSANA M

$DFI coin utility: 💎 Fees - Pay for transactions and other DeFi activities. 💎 Loan collaterals - Lend or borrow using crypto assets as collateral. 💎 Staking nodes - Fund a new staking node for just 20,000 DFI. 💎 DeFi Custom Token - Create a non-refundable personalised DCT (DeFi Custom Token). 💎 Community fund proposal - Submit a community fund proposal for 10 DFI (non-refundable). 💎 Liquidity pools - Provide liquidity for the decentralized exchange between crypto-assets

0

27.08.2023

Calm Автор вопроса

Zachary Chan
And that should be asked in the Defichain group. I...

Ok. Why does bake use dfi?

0

28.08.2023

Zachary Chan

Calm
Ok. Why does bake use dfi?

Why not? Bake is the one offering these services, they can choose what coin or blockchain to support. Bake started and built many services with Defichain, but has since expanded to be multi-chain. They now offer Defichain, Ethereum, Matic, Solana, Polkadot and Sui now, with more coins to come. The have also removed coins from their services too. For instance, there used to be Dash support as well.

0

28.08.2023

Zachary Chan

Calm
Ok. Why does bake use dfi?

So if you’re asking a question related to Bake’s services, this is the place. For instance, “where the auto-renew toggle for DFI fixed term staking in Bake” or “How does YieldVault work” But if you’re asking question regarding the development of the coin or blockchain itself, then do direct them to the appropriate channels., like “What is MetaChain” “What happened to the burn bot” 🤖

0

28.08.2023

Bake_EN_Bot · Accepted Answer

Bake_EN_Bot

If you have questions about DeFiChain, the DeFiChain Community will be happy to help you: https://t.me/defiblockchain

0

27.08.2023

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