Main navigation

DeFiChain Adds New Tokens Associated with MicroStrategy, Intel, Walt Disney

Thu, 7/04/2022 - 16:07
DeFiChain Adds New Tokens Associated with MicroStrategy, Intel, Walt Disney
Cover image via
Read U.TODAY on
Google News

DeFiChain, a decentralized finance (DeFi) protocol based on the fork of Bitcoin (BTC) and Proof-of-Stake (PoS) consensus, shares the details of a crucial addition to its assets list.

From Walt Disney to Chinese ETF: New assets on DeFiChain

According to the official announcement shared by DeFiChain, it added four new decentralized tokens (or dTokens) following a recent community referendum.

Each dToken is associated with some stock or ETF. This addition includes tokens representing Walt Disney, iShares MSCI China ETF, MicroStrategy Incorporated and Intel Corporation.

As such, crypto enthusiasts get exposure to the fluctuations of the value of "underlying" corporations. At the same time, these assets should not be considered tokenized stocks as they do not constitute ownership, voting rights, dividends or other benefits available to shareholders.

dTokens' prices do not necessarily mirror those of associated stocks and ETFs: instead, they reflect a number of variable factors and use oracles to capture those feeds.

Prasanna Loganathar, the lead engineer at DeFiChain, stresses that this release is of particular importance to crypto adoption and the maturation of tokens markets:

DeFiChain is continuously expanding the dToken universe to give users a serious alternative to the traditional financial broker - all whilst offering the flexibility and benefits of decentralization.

More use cases for dTokens

Previously, DeFiChain integrated tokens associated with the S&P 500, Tesla, Apple, Alibaba, GameStop, Nasdaq 100, Nvidia, Amazon, Microsoft, Netflix, Meta and other mainstream platforms.

Unlike clasisic stocks, dTokens can be used in various DeFi mechanisms: users can stake them, use them for liquidity mining, transfer them without limitations and so on.

Last but not least, DeFi enthusiasts can mint dTokens on the DeFiChain blockchain by depositing BTC, DFI, dUSD, USDT or USDC as collateral.


Latest Press Releases

Is Bitcoin Mining Legal? Regions in the World Where Mining Is Legally Permissible
Zircuit, New ZK-Rollup Focused on Security, Launches Staking Program
AI Analysis Launches The AIA Mastercard – The Future of Crypto-Fiat Transactions
VAP Group hosts the majestic Global Blockchain Show 2024 in Dubai
Digital Transformation Week Is Returning to Santa Clara This Summer
Arab Financial Services (AFS) Enter Strategic Alliance with Xpence to Innovate SME Financial Management in Bahrain
Breaking Records: UXLINK Attracts 978,000 New Web3 Wallet Registration with $78,000,000 Deposit asset from February 01 to February 22, 2024
What To Expect from The Bitcoin Halving in April 2024
Testnet Launch for dWallet Network - Composable Modular Signature Network
ETH Denver Top Builders Base by Supermoon, Cointelegraph, NDC, Horizen, & Conflux
Citrea, Bitcoin’s First ZK Rollup, Announces $2.7M Seed Funding
Chromia’s Flagship Game ‘My Neighbor Alice’ Unveils 2024 Roadmap
First-Ever ICO on Bitcoin Blockchain: $3.1M Raised in Under 6 Days
CoinList to Host the MASA Token Public Sale as it Unleashes the World’s Personal Data Network
Sui Reveals Initial Wave of Speakers, Famed Venue for First Annual Basecamp Event
Vitalik Buterin Comes to Taiwan as Keynote Speaker at ETHTaipei 2024
Elevating Europe’s Crypto Hub: Next Block Expo Returns to Poland
Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential
ApeX Protocol Partners with Alertatron to Enhance Automated Trading Capabilities
TeachMeCode Institute Announces Grand Opening of Cutting-Edge Dubai School
Our social media
There's a lot to see there, too

Popular articles