DXdao Month in Review | September 2022

DXdao
5 min readOct 6, 2022

Headed to Bogota! DXdao is traveling in force to Colombia. First up is the Infinite Hackathon Oct 7–9 and then onto Devcon! Get in touch if you’re around.

DXD Token Working Group kicks off

DXdao governance passed a proposal to establish a DXD Token Working Group and the first call kicked off on September 1. The working group (WG) was established in order to come up with a long-term solution to the DXD token’s value accrual. The DXD token was launched by DXdao almost 2.5 years ago through a novel bonding curve contract, which allowed DXD to be minted (by depositing ETH) or burned (returning ETH). This innovative design attracted attention (and ETH) in DeFi Summer, but DXdao later passed the DXD Buyback Program in May 2021, which has been the primary value driver for DXD since (over 30% of supply has been purchased). The working group aims to find a sustainable token model for the future.

Initial Working Group Kickoff Call Slide

There were three calls in September. The first went over the history of DXD, the second looked at comparable token models (TEMPLE, Ohm), and the third call presented an initial monetary policy framework for a new DXD token model. Check out the DXD Token WG — Midway Checkin forum post for more info and to provide feedback on the progress so far.

DXdao embarks on restructuring phase

As crypto and macro markets have turned over the last few months, DXdao has done a lot of soul-searching. That ultimately led to the passing of the Alternative Restructuring and Refocus Process Signal Proposal on September 20th. This proposed a three phase process to examine the challenges and issues DXdao currently faces and move towards a goal- and accountability-based system going forward. This proposal touches every part of DXdao and is seen as an integral part in reintegrating DXD holders and moving to the Governance 2.0 system of unified governance.

Phase 1 of the proposal has already finished with a proposal passing at the end of last week, leading to several immediate changes about how DXdao functions, namely limiting the events & auditing budgets, requiring additional steps to onboard new contributors, a reexamination of call schedules and disengagement from contractors supporting Swapr. These improve DXdao’s financial standing as it dives deeper into the future of the organization.

Restructuring and Refocus | Phase 1: Low Hanging Fruit Imaging

SWPR token celebrates 1 year!

SWPR token celebrated its one year anniversary, when it became the first token airdrop on Arbitrum One. It was a busy birthday month for Swapr with loads of new features and announcements.

The Swapr squad released Swapr Beta v16 that added bridge swap functionality so users can trade and bridge in one transaction. The release also introduces eco-router support for Optimism, allowing users to tap into Uni v3 and aggregators on Optimism. Last but certainly not least, Swapr now has sleek user pages, where you can track all of your trades, bridges and farms across multiple chains.

Elsewhere in Swapr land, the community is currently discussing the future of SWPR emissions — whether or how much to continue them. Discussion is ongoing in the forum, coming to snapshot soon. Make your voice be heard!

The Future of SWPR Emissions

The last cool initiative of Swapr in September was the introduction of privacy-focused analytics. Unlike most other DeFi products (cough, Uniswap, cough) Swapr does not have a private tracking tool for capturing user information. This has constrained the Swapr squad from identifying growth opportunities, but luckily there is a privacy-focused solution (Fathom) where users information is anonymized and a public dashboard is created for anyone to see front-end stats. Swapr just integrated it last month, so be sure to check back for more stats!

Other fun initiatives:

Social highlights for August

  • The Infinite family just keeps growing. In September we welcomed the Swarm Association as a co-organizer to the Infinite team.
  • The fun did not end there, @InfiniteHackETH then went to Twitter Space and there delivered its POAPload, and what a fine looking POAP it was.

August Popular Forum Discussions

About DXdao: DXdao is a decentralized collective that builds, owns, and governs DeFi and governance products. Reputation (REP) is voting power in DXdao, and DXD is the financial token with a claim on profit from DXdao products.

DXdao products include Omen (prediction markets), Carrot (programmable incentives), DXgov (governance framework), and Swapr (governance-enabled AMM). DXdao believes in governance and decentralization.

Connect with DXdao: Discord | Twitter | Telegram | Keybase | DAOtalk Forum

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DXdao

The DXdao is a decentralized organization, owned and operated by the community. It develops, governs, and grows DeFi protocols and products.