Carrot Alpha launch
DXdao introduced a brand new product in November that is still in Alpha phase. Carrot is a new tool to incentivize behavior towards a collective goal. Carrot KPI tokens are a type of conditional token that’s backed by some underlying collateral. Holders of these Carrot KPI tokens can redeem them for the underlying collateral if certain conditions are met. Anyone can permissionlessly launch a Carrot KPI token and distribute it to their community and to align incentives around a particular goal. The product is live on xDai now. Check it out at Carrot.eth.
DXdao has launched two Carrot campaigns to showcase the product and also drive usage of Swapr on xDai:
- Will the average price of SWPR from Dec 1st to Dec 31st be above 0.2 USD? — Swapr xDai “xSWPRprice-1221” Carrot tokens will pay out the full collateral if the price is 0.2 USD or higher and no payout when the result is below 0.2 USD. You can find the campaign on Carrot here.
- What will the average TVL for the Swapr xDai DXD-WETH pair be from Dec 1st to Dec 31st? — Swapr xDai “xDXDWETHTVL-1221” Carrot tokens pay out in an increasing linear fashion in the TVL range of 800K USD to 1.5M USD, with no payout below 800K USD. You can find the campaign on Carrot here.
These Carrot KPI tokens are being distributed to SWPR/xDai LPs and DXD/WETH LPs, who now should be motivated to take action towards the conditional outcome for a payout.
The DXbiz team is in talks with several projects about how to construct campaigns to engage with their community and align incentives around shared objectives. If you have an idea for a Carrot, get in touch! Or, you can launch your own. The platform is permissionless and open.
Watch out for more Swapr farming opportunities featuring Carrot KPI tokens.
Augur to use DXgov product suite
While known for governing its own prediction market Omen, DXdao also teamed up with another prediction market project, Augur, in November. The Forecast Foundation, the entity that has been supporting Augur since its inception, announced plans to decentralize and move protocol development to an on-chain DAO by utilizing the governance product suite developed by the DXgov team.
In its initial stage, Augur will focus on adopting DXgov’s Guild platform. This is a lightweight platform for ERC20 governance along with a decentralized and open-source front-end. Augur has also launched a forum on DAOtalk and DXdao will help guide the community in transitioning to on-chain governance.
Long-term, Augur will adopt the Governance 2.0 platform, a framework that combines token-based governance with non-transferable reputation-based governance. DXdao approved an initial spec with a signal proposal earlier this year and the DXgov team is building out the system now, which will be able to be used by DXdao, Augur and other DAOs that are interested in the next generation of on-chain governance.
For more on this and other developments in the DXdao governance product space, check out the State of DXgov forum post.
DXD Buyback passes 7,000 DXD acquired
The DXD Buyback Program was passed by REP holders in May of this year. Since then, 7,472.07 DXD have been purchased on mainnet and xDai for an average price of 0.154 ETH/DXD. Using the USD price at the time of purchase, $3.7m of DXD has been purchased. This is just over 15% of the DXD circulating supply.
There is a draft proposal up in the forum to extend the DXD Buyback program for another $1m. There are a couple of accounting and small logistical changes in this latest extension. Check out the #market-chatter channel on Discord for the latest.
DXdao landing page update
November saw the introduction of the DXdao landing page refresh, an initiative to overhaul the previous informational DXdao.eth. After months of discussion and ideation, DXdao governance approved the update in mid November.
Throughout the initiative, DXdao explored a potential brand overhaul, including logo, typeface, colorschemes and more. Although DXdao chose to keep its existing branding for the time being, it is still interested in exploring the iterations at a later time. If you haven’t had a chance yet, the landing page is live now at DXdao.eth!
Other fun initiatives:
- State of DXgov — The GovDev squad at DXdao prepared a presentation introducing DXgov and an overview of the direction it’s heading towards.
- DXdao X Tally — DXdao contributors made an appearance on the 12th TallyCash community call. Did you get the POAP?
- Governance 2.0 by Eylon — DXdao contributor Eylon Aviv had the opportunity to present Governance 2.0 at Liscon. Couldn’t make it to Lisbon? You can now view the entire presentation on the DXdao Youtube channel!
- Proof of Decentralization: DAO’s (feat. DXdao) by Chris Blec — DXdao had the opportunity to discuss transparency and decentralization on Chris Blec’s podcast “Proof of Decentralization”.
- Why DAO? — DXdao has been publishing a series on its publication diving deep into the big question: “Why DAO?”. Check out part 1 of the master thesis for the utility of DAO’s.
- DXdao product landing pages — In the DXdao landing page refresh thread, some interesting teasers were shared. Can you identify the two DXdao products below?
Social highlights for November
- DefiIntro shares why he thinks “DXdao is doing it right”.
- Chris Powers discusses DXdao’s approach to multi-chain governance.
- Defi.Watch adds support for Swapr!
- Gary Palmer shows how DXdao is leading by example by hosting its products and homepages through ENS and IPFS.
- Keenan Luke shares his experience leading the landing page effort.
November Popular Forum Discussions
About DXdao: DXdao is a decentralized collective that builds and governs DeFi products. DXdao was spawned in May 2019 through a collaboration between Gnosis and DAOstack, but now operates independantly. 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 (Conditional KPI Tokens), and Swapr (governance-enabled AMM). DXdao believes in governance and decentralization.
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