The world’s leading Blockchain DeFiChain announces the addition of four new dTokens

by Arthur · October 7, 2022

The Bitcoin network’s most prosperous blockchain DeFiChain is a decentralized proof-of-stake platform created as a hard fork to enable advanced DeFi applications. DeFiChain ensures faster, smarter and more transparent financial solutions with exclusive features such as decentralized loans and assets, liquidity extraction, etc.

DeFiChain offers liquidity mining, staking, decentralized assets and decentralized loans. DeFiChain Foundation’s mission is to bring DeFi to the Bitcoin ecosystem.

Table of Contents

DeFiChain adds new tokens

Developed by the DeFiChain Foundation to bring DeFi to the Bitcoin network, the platform has evolved into the world’s leading blockchain. It has further enhanced its DEX by adding four new decentralized tokens aka dTokens. These include: $dWMT (Walmart), $dUL (Unilever), $dUSO (US Oil Fund) and $dUNG (US Gas Fund).

It is worth noting that DeFiChain allows users extensive access to their favorite assets without imposing any geographical restrictions. According to DeFiChain’s Director of Marketing, Benjamin Rauch, the new additions are community-driven because currently commodities are a hot topic, so the community decided to add two commodity-related tokens. This shows the power of decentralization.

“On DeFiChain, everyone can participate in building the financial tools of tomorrow.”

Benjamin Rauch

What are the benefits of new dTokens?

A dToken has many different use cases. As it can be held for investment, liquidity extraction, advertisement traded on DEX. Millions of users worldwide longed for a way to invest in US stocks as they were unable to do so due to trade and geographic restrictions. Now they can gain price exposure to their preferred asset by purchasing or minting relevant dTokens.

With the addition of these dTokens, users can mint/trade decentralized assets and gain price exposure to ETFs and stocks without exiting the DeFi platform. Also, they can buy dTokens at a fraction of regular prices on DeFiChain’s DEX. The network already offers tokens equivalent to Tesla, S&P 500, Alibaba, Apple, Nasdaq 100, GameStop, Microsoft, Amazon, Nvidia, Meta, Netflix and several other ETFs and stocks.

How to mint dTokens?

Minting dTokens on the DeFiChain network is done by depositing BTC, USDT, DFI, dUSD or USDC as DeFiChain Vault security. However, since these tokens are not securities issued by the company, shareholders will not receive ownership, dividends, voting rights or similar other benefits.