The Swapr squad has been hard at work preparing the Swapr Beta release. The code has been completed and will be released in the coming days. After that, a member of the community will need to upload the dapp to IPFS and submit a proposal updating the Swapr.eth DNS resolver to the IPFS hash of the latest version. Keep an eye on the DXdao Discord for the code release and proposal that will officially launch the Beta.
Idea submissions for Omen’s market ideas competition closed yesterday with 168 submissions. The full list of submissions can be seen on Alchemy. There was an issue with Alchemy that previously caused only 100 out of 168 submissions to be displayed, but thanks to the diligent effort of DXdao Contributors and the quick response from the DAOstack team, the issue has already been fixed! REP holders should now begin voting. Because only the title is displayed in the list view, voters must click on each submission to view the complete text, as shown below:
This article uses information and slides from DXdao Contributor and Founder of Level K John Kelleher’s presentation at 0xhack: watch “DXdao: The Emerging Decentralized Tech Stack”
The internet you’re used to using today is called Web2. Web2 is dominated by large, opaque, and centrally controlled corporations including Google, Facebook, and Amazon. These corporations dictate how you can use their services. Google changed its search algorithm so your website no longer shows up? Tough luck. Facebook leaked your personal information again? They might pay a small fine. Selling something you made on Amazon? …
DXdao is currently voting on a community competition proposal on its xDai Base that, assuming it passes, will reward participants who come up with the best ideas for new markets. The competition is scheduled to open for new entries on May 23, and winners will receive a share of the $10,000 plus 5,000 REP prize pool for coming up with winning market ideas.
After the entry period, DXdao REP holders will vote starting June 2nd to determine the top 10 market ideas. Voting will finish on June 8, and the winning markets will be created and funded on Omen. …
After receiving feedback from the community, DXdao is announcing that an on-chain proposal has been passed for a repurchase program of its DXD token. DXdao may repurchase up to $1 million in ETH of currently outstanding DXD tokens. The Buyback will take place over a period of six (6) months through on-chain open market purchases that utilize a smart contract relayer to place orders on Ethereum mainnet and xDai.
All repurchases will be initiated by a relayer contract that DXdao can interact with through proposals passed with a multi-call scheme. The relayer ensures an accurate price and protects against manipulation…
The community is eagerly waiting for the upcoming release of Swapr Beta! Over the last month, the Swapr squad and community have been testing and iterating Swapr to prepare for the launch. Swapr users have already been enjoying the multi-chain functionality on Ethereum/xDai and the eco-routing tool that finds the best price amongst any Uniswap fork, even if it’s not on Swapr.
Swapr liquidity grew significantly in April, on both xDai and Mainnet, with over $3m total liquidity with an additional $1.5m from DXdao’s treasury on the way.
DXdao passed a proposal Thursday night to halt the DXD bonding curve by setting the minimum investment parameters to an extremely high number, effectively preventing any further DXD minting from ETH investments.
Changes to the bonding curve have long been discussed in the community. A signal proposal to pause the curve failed in September, but a similar proposal ultimately was passed by DXdao’s REP holders in December after a lengthy debate.
With the proposal passage, DXD effectively becomes a fixed-supply token with 148,976 DXD in total supply, 100k DXD pre-mint releasing from a lockup contract to DXdao’s treasury over three…
Another month and another DXdao product launch on xDai — Swapr is now a multi-chain AMM! The latest release includes two new exciting features: eco-routing and a network switcher. Eco-routing allows users to search and route their orders to any Uniswap fork without leaving Swapr! On mainnet, Sushiswap and Uniswap are integrated, while on xDai, Swapr compares prices to Honeyswap and Baoswap. The network switcher, meanwhile, enables users to seamlessly move from mainnet to xDai and also helps users easily add xDai to their Metamask with just a few clicks.
Swapr’s TVL has grown significantly in March as DXdao has…
The first Swapr AMA was held on March 12th, 2021, in anticipation of the upcoming beta launch. Many topics were addressed including roadmaps, “eco-routing”, xDai compatibility, and much more!
AMA attendees received a shiny POAP, the first of its kind from DXdao!
It’s 2021, and Ethereum has found the market fit we’ve all been dreaming of. However, increased demand for DeFi products is causing major scaling pains, with high gas costs pricing out most of the user base. Sure, L2 solutions are coming, and DXdao is at the innovation forefront.
Fortunately, the future is now as Omen goes xDai native. What does this mean for you?
The DXdao is a decentralized organization, owned and operated by the community. It develops, governs, and grows DeFi protocols and products.