DeFiChain is a decentralized blockchain project aimed at delivering fast, intelligent, and transparent decentralized financial services. Its main objective is to expand the ecosystem with a comprehensive range of DeFi products and services. It also seeks to address common shortcomings of traditional finance, including slow settlement, limited privacy, and restricted access for many people. To serve this demand, the protocol includes multiple components, such as lending, decentralized pricing oracles, a decentralized exchange, and more.

DFI is DeFiChain’s native currency. In 2020, about 600,000,000 DFI were issued.

What are DeFiChain’s key features and how does it work?

The network uses a combined Proof of Stake / Proof of Work consensus model and builds on Bitcoin’s security by anchoring to the Bitcoin blockchain (through a Merkle root) every few blocks. Since it is not Turing complete, DeFi transactions on DeFiChain can be processed quickly and smoothly with low gas fees, and the design helps lower the chance of smart contract mistakes. A central offering on DeFiChain is its Decentralized Exchange, which comes with capabilities such as liquidity mining, decentralized swapping, and arbitrage that users can access through its DeFi wallet. The wallet provides a variety of liquidity mining pools, which are described as offering high yields and the potential to achieve 100% returns. Additional wallet options include interacting with and checking masternodes, support for DFI and other tokens native to the DeFiChain ecosystem, the ability to switch between Mainnet and Testnet, and more.

What is noteworthy about DeFiChain?

DeFiChain lists multiple partners that contribute additional functionality. These include:

How can you used DFI?

DFI is a core part of the DeFiChain ecosystem. It is needed to use many of the platform’s services, such as paying platform fees and carrying out other DeFi-related actions. It can also be used as loan collateral, to support new staking nodes, to create customized tokens, and for participation in governance on the platform. 

Where can you buy DFI?

You can purchase DeFiChain (DFI) on the CEXs and DEXs shown here. Platforms noted for strong liquidity include KuCoin, Bittrex, and LATOKEN. 

DFI price information is available on the charts on this page.