Welcome to this week's edition of the DEXTF Newsletter.
You can follow the community conversations on Discord, Telegram, Twitter and now Reddit!
DEXTF updates
DIP-5 (DEXTF Improvement Proposal #5): The proposal for the reduction of daily reward allocation has been approved. Effective 1st May, the daily token allocation is reduced by 20% and the streaming extended to 3 months. This will help reduce inflation for long term holders.
Here’s what the new daily reward structure looks like:
You can read more about DIP-5 here.
We've launched the DEXTF Community subreddit at r/DEXTFOfficial. You can follow us there for Giveaways, AMAs, Updates and more.
Portfolio Metrics
[As on 6th May 2021].
Please refer to the DEXTF website for latest APRs:
DEXTF/ETH is offering 122% APR
XTF/DEXTF is offering 195% APR
You can also earn $DEXTF by providing liquidity on Uniswap (29.6K tokens daily) or investing in any of the XTF fund (12K tokens daily)
Current TVL is US$ 7.7M with week-on-week growth of 17%. (refer to DeFi Pulse)
You can invest by buying on Uniswap or on the DEXTF app. Here’s a quick guide on how to buy
Upcoming Events
AMA on Reddit on the 11th May 2021 on the DEXTF subreddit - join the subreddit for more updates!
Concept of the Week
🔮 Oracles
An “oracle” sends data from the outside world, such as the daily temperature or the number of votes a political candidate received, to a blockchain such as Ethereum. A smart contract on the blockchain can then use the data, typically to make a decision about whether to dispense money and to whom.
The defining quality of a blockchain like Ethereum is that it’s able to run smart contracts. Once programmed, the smart contract is fully controlled by the blockchain; no entity needs to be trusted to execute the rules, and no middleman can prevent the transaction from taking place, assuming the conditions for the smart contract are met. The contract simply does what it’s programmed to do
The challenge with oracles is that the data feed from the outside the blockchain is run by an entity and can thus can be manipulated.
DEXTF is an oracle-less protocol and doesn't depend on oracles. You can read more on why oracle-less is the design of choice for DEXTF here and here
Read more about What is an Oracle.
And that's it for this week! See you next week.
Semper Fortis
DEXTF Team
🚀 3K