Metafinance weekly (June 6, 2021)

I. Summary of technical progress

• High-performance public chains such as BSC, Heco, etc. . MetaFinance has completed the deployment of mineral pools in BSC (coin-an intelligent chain) and HECO (fire-money ecological chain) . This has laid a foundation for MetaFinance’s cross-chain ecology, and the technology community will continue to study the ecological advantages and disadvantages of different common chains, to ensure the search for suitable accommodation for the future ecology of MetaFinance.
• Metadao v2: MetaDAO has entered the V2 iteration phase and is currently looking for a suitable development path and secondary validation of the governance token protocol layer. Most DeFi products, which use daos to govern their protocols, are essentially Democratic voting systems, and so far MetaFinance has voted several times for proposals through the snapshot voting tool, determine the future path of the agreement with the support of the community. We found that under the community governance framework, we need to know more about the driving force of market change to products, so we decided to introduce DPOS mechanism into DAO governance. We have completed the program of node incentive, and in the future, we will add more rewards about nodes, and issued a unique node NFT governance credentials, making the node and Dao close cooperation. These processes will be observed in the future through technical weekly reports.
• DAPP platform upgrade: DAPP serves as an entry point for users to access the user experience and product security. We plan to continuously optimize DAPP in the next few months, mainly in terms of new user vision and a good interactive experience, a clearer functional zoning module, Gas optimized for the original smart contract, allows users to see a complete and clear blueprint for a decentralized financial integrated business entity called MetaFinance. Not only users, the community is also full of expectations for a new vision!
• V2 node incentive scheme: V1 node incentive scheme is open, users apply to be node and super node to enjoy daily yield bonus, V2 node incentive scheme is also in the process of development and testing, each week, reward nodes and super nodes are ranked according to contribution, and node bonus and node incentive coexist. In the future, we will determine the contribution value around the MetaFinance community node, and endow the node with the ecological income to form a complete ecological incentive cycle.
• Did decentralized digital identity research: the past MetaFinance after a long period of fumbling, ushered in the node mechanism of the update. The technology community has conducted research on the introduction of DID into node governance programs and has attempted to use DID for chain governance and unsecured lending. We will update the relevant research reports and progress.

II. Operational progress

• METAFINANCE’s cross-link pool pledge continues to grow, noting that nearly half of the 17,530 and 16,000 pledged on BSC and HECO, respectively, have been selected for 24 months, strong consensus communities and 8,000 + cornerstone users will take us much further after the digital identity goes live, we will be issuing unique digital ID DID to the cornerstone users along the way supporting metafaith.
• The Asian community establishes a community governance committee responsible for the operation and management of MetaFinance Greater China, whose members are elected in the DAO and must be nodes or super nodes. Technical community representatives donated 1,000 MFI to community governance committees to promote the ecological prosperity of MetaFinance, which is managed by Dao governance.
• Dozens of offline salons are held spontaneously all over the world, and the first phase of MFI University is held perfectly. MFI strong consensus user community continues to grow, more than community communication to build a MetaFinance ecological cooperation. In our future plans, on the one hand, we will facilitate the participation of new communities, Teach decentralized financial knowledge at Defi University, and popularize hundreds of thousands of users of digital currencies. On the other hand, we will expand our existing communities and improve multi-channel bonus schemes, use the combination of offline salons and online schools to get more people to understand MetaFinance as a decentralized financial business.
• Weekly technology sharing and project progress updates. In the future, the technology community brings together metafaith’s weekly research into a weekly journal, which is regularly published on Medium, to keep the volunteer community and mining users up to date on the project’s progress.

About MetaFinance

MetaFinance aims to create a decentralized financial complex by combining different decentralized products in a legoesque way, with four core products: metaaboard, MetaPool, metadaao, MetaTrigger, community-based Dex, derivatives, NFT and more will follow. MFI is a governance token that carries the value and equity of MetaFinance.

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