1. Background IntroductionDeFiChain is a Bitcoin-forked blockchain platform specializing in decentralized finance (DeFi). Its mission is to "build DeFi on Bitcoin" by retaining Bitcoin's UTXO model and security while expanding native DeFi functionality. Founded by Dr. Julian Hosp, the project combines financial and blockchain expertise.2. Website Core ContentThe website navigation is divided into four main sections: "Learn" provides educational resources and guides; "Develop" includes technical documentation and API references; "Ecosystem" showcases DApp browsers and DeFi applications; "Community" links to forums and governance proposals. The homepage highlights current liquidity mining yields and Total Value Locked (TVL) data.3. Technical FeaturesBitcoin Anchoring Mechanism: Uses OP_RETURN notarization to sync with Bitcoin network every 60 blocksDeterministic Masternode Network: Requires 200K DFI collateral for oracle services and block productionDedicated DeFi Opcodes: Supports 12 custom transaction types including token minting and liquidity pool operations4. Token EconomicsDFI token has ~830M circulating supply with decreasing inflation model (40% first year, ~2.5% annual reduction). Staking yields 28.5% APY, masternode operation yields 34.2%. Allocation includes: 65% mining rewards, 15% team, 20% ecosystem fund. The site provides a detailed developer grants program application portal.5. Competitor ComparisonComparison DimensionDeFiChainEthereumArchitectureModified Bitcoin UTXOAccount ModelSmart ContractsRestricted DeFi OpcodesTuring CompleteCross-chainNative BTC-pegged AssetsRequires Third-party Bridges6. Risks & ChallengesRegulatory Uncertainty: Tokenized stock products carry explicit "not actual equity" disclaimersTechnical Dependency: Bitcoin anchoring requires ≥5 notary nodes maintaining uptimeFunctional Limitations: Whitepaper clearly states no support for general smart contracts7. Industry Future2024 roadmap focuses on three key areas: Lightning Network integration (testnet deployed), privacy transactions (68% community approval), cross-chain expansion (planned ETH asset bridging). Ecosystem page shows 37 integrated DApps.8. ConclusionDeFiChain differentiates through Bitcoin-native DeFi solutions, though technical documentation usability and feature extensibility need improvement. As a bridge between Bitcoin and DeFi, its fixed low fees and high-yield products remain attractive to users. 更多>