DeFiChain is a decentralized blockchain that uses the Bitcoin network to make financial services and applications accessible to all. It has launched today its long-awaited hard fork ‘Fort Canning Road. The hard fork was launched at 2: 36 UTC.

The activation marked the rollout of a code upgrade that will now fix dToken pricing premium issues, where the constantly high demand of dTokens saw it start trading at a 10-15% premium over other stocks and this caused the investors to pullback. Technology has solved the problem of dTokens pricing in comparison to real world counterparts.

dTokens decentralized assets are created on the DeFiChain Blockchain to imitate real-world stocks. They reflect and track variable factors, as well as use oracle to capture feeds. dTokens does not give users ownership of the underlying assets, but only price exposure.

UZyn Chua is a leading researcher at DeFiChain.

” Bringing dTokens closer in relation to their real-world counterparts, will make them more appealing for investors and open the door for DeFiChain’s future adoption. Additionally, the futures contracts offer lucrative arbitrage opportunities for traders.”

Fort Canning Road is a hard fork that aims to bring future contracts. It keeps dTokens prices within the positive/negative 5% range, which corresponds to shares traded in real life. If the prices exceed the range, DeFiChain users have a low-risk, short term arbitrage opportunity. Each week, the price of DeFiChain is multiplied with 288blocks and brought within the price range of the stock.

This gives an indication of how future and option trading will look on DeFiChains in the latter part of the year. DeFiChains will plan on future trades, without artificially burning tokens that have been unsecured.

Upgrading DeFiChain stabilitycoin, USD

DeFiChain native stabilizecoin, USD, will be upgraded along with ‘Fort Canning Road, with a 50% native token, DeFiChain blockchain, DFI, in the vault at a fixed $0 .99. price. Users can now mint new dTokens, but they must provide at least 50% DFI as collaterals. However, they can now provide dUSD.

DTokens can be used to trade on DeFiChain DEX or as a liquidity mining tool. Users can also mint dTokens by depositing USDC or USDT as collateral in DeFiChain vault, or even buying them in fractional parts in DeFiChain DEX.