DeFiChain

by DEFICHAIN FOUNDATION LTD.
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A decentralized platform on its own blockchain.

DeFiChain description

DeFiChain is a decentralized exchange running on its own blockchain. D​ata from platform cryptodefix. In addition to the exchange DeFiChain has a wallet, working on the BIP39 standard. The exchange allows users to swap internal tokens and wrapped tokens, and participate in liquidity pools. The platform has been in existence since 2020.

DeFiChain aims to provide users and sophisticated investors with cryptocurrency tools, as well as bring some Bitcoin security to decentralized finance. DeFiChain’s blockchain has features of the Proof of Stake and Proof of Work consensus mechanisms, and is a hybrid of both. DeFiChain has a connection to Bitcoin every few blocks, which allows for low network fees, high transaction speeds, and minimizes the risk of failures.

To use the exchange, users need to download the DeFiChain wallet mobile or desktop app. There are 36 tokens and 43 pairs available to users on the exchange. They represent wrapped popular tokens and digitized assets of large corporations. The exchange has its own DVI token, it is used in most types of transactions and when paying fees, it can only be purchased on third-party exchanges. DVI holders can participate in the management of the DeFiChain ecosystem.

DeFiChain specifics

  • Hybrid blockchain based on Proof of Stake and Proof of work consensus mechanisms
  • Low fees and high transaction rate
  • Transactions with wrapped tokens and decentralized assets
  • DVI internal token
  • Liquidity pools up to 300% APY
  • Lending
  • Swap

DeFiChain features

Exchanges

Forms of trade: Spot trading 1
Check out Transaction protection Protection of transactions from scam and other types of incorrect actions 1
No Currency converter Currency converter integrated into the exchange 0
No Listing Ability to place your own cryptoservices on the exchange 0
Number of assets: 36 0
Cryptocurrency pairs: 43 0

Decentralized exchanges (DEX)

Check out SWAP 0
Check out Liquidity pools 0
Check out Liquidity farm 0
Check out Staking 0
No Borrowing 0
Check out Lending 0

Cryptocurrencies

Check out Blockchain platforms platforms for creating digital assetsv (tokens) 0
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