SWPR Multi-chain farming + Badger
Swapr started its second month of farming incentives in October and also went multi-chain, launching campaigns on Ethereum mainnet and xDai, to go along with the primary Swapr farms on Arbitrum One. xDai showed considerable growth in October, with TVL surpassing $7m in TVL on xDai with the WETH-HAUS and RICE-XDAI pools both approaching $1m in TVL. Check out the latest update on the current SWPR farming rewards.
The latest SWPR reards on Arbitrum were also the first farms as part of Swapr and DXdao’s partnership with BadgerDAO. The rewards incentivize the ibBTC/WETH pair as well as BADGER/WETH. ibBTC is Badger’s interest-bearing Bitcoin token. The pool is already over $1m in TVL, thanks to the double rewards (SWPR and BADGER) liquidity providers earn by using Badger vaults. Find out more info about the rewards and partnership here.
DXdao attends Lisbon Blockchain Week
October was exciting because many DXdao contributors met in person for the first time in Lisbon. It was a perfect opportunity for contributors to get to know each other outside of the daily calls and chat rooms. It was also the opportunity to engage in longer-term thinking around product strategy and large initiatives like Governance 2.0.
And then DXdao descended onto Lisbon Blockchain week in full force — bucket hats in hand. DXdao sponsored the DAOist conference early in the week, where Chris Powers gave a talk on the state of multi-chain governance and DXdao’s approach. DXdao also had, by all accounts, the coolest sponsor table at the DAOist, spreading the gospel of on-chain governance.
Next up was Liscon at the trendy and spacious LX factory. Nylon gave a talk on DXdao’s Governance 2.0. DXdao merchandise was a popular item in Lisbon, the aforementioned DXdao bucket hats as well as a DAO definition shirt. It was a great opportunity to spread the brand of DXdao and connect with other DAO communities.
At the end of the week, DXdao hosted the Future of Prediction Markets panel discussion at the Block. The panel was led by Sky and featured John, Stefan from Gnosis and Clement from Kleros. It was an interesting discussion on how prediction markets can evolve to become more liquid and widely used.
Q3 Treasury Report and Diversification
DXdao also released its Q3 treasury report in October. Over the quarter, DXdao continued to diversify its treasury away from its heavy exposure to ETH. These trades were authorized by Treasury Diversification Proposal v3. This proposal extended the number (and type) of stablecoins eligible for the program with the notable additions of LUSD and Rai, which is a stable asset but is not pegged to the US dollar. Both of these stable assets are unique in that they only use ETH as collateral backing the token’s value, greatly reducing the dependencies and ensuring censorship resistance without having to accept volatility.
In other treasury related news, DXdao governance is currently voting on another extension of the DXD buyback program on xDai and Mainnet. This extension would allow another $1m in DXD purchases through the program. Check out this spreadsheet for more information on DXD buybacks.
Discord REP Boosts
Since Q1 of 2021, DXdao has held a quarterly REP boost for active members of the DXdao Discord server. Following the success of the previous boosts, the third round of Discord REP boosts has arrived. If you are a Discord community member, chances are you are eligible for some REP!
To check if you are eligible, head over to the “DXdao Discord REP Boosts Q3 2021” thread on DAOtalk. This thread includes a list of eligible participants and the exact amount of REP they are entitled to. These individuals are strongly encouraged to submit a proposal on xDai to request their REP.
If this is your first time, or you just want to confirm you are making the right steps, you should follow the DXdao Discord Q3 REP Boost Guide. If you are having any trouble accessing the IPFS link, you can find the doc here. Not eligible for this round? These boosts take place quarterly; simply come get involved in the Discord to be eligible for some REP next snapshot!
Other fun initiatives:
- DXgov twitter — The Govdev Squad brought an idea to the forum shortly after discussions in Lisbon. It involves a personable, interactive and educational Twitter account run by none-other than those closest to DXdao governance.
- Contributor Lisbon Recaps — Lisbon Blockchain Week was an incredible experience for DXdao contributors. Some even took to the forum to share their findings. Sky’s “Overview, Learnings and New Ideas from Lisbon”, Powers’ “Post-Lisbon regroup”, and Ross’s “Lessons from Lisbon re: DXgov”.
- TheDAOist Aftermovie — DXdao attended TheDAOist in Lisbon. Can you spot any contributors in the aftermovie?
- Omen Alpha Leak — Alongside DXdao’s “Future of Prediction Markets” event in Lisbon, a peculiar video found its way to Twitter… Since the event wasn’t recorded, it’s only fair that the clip is shared here, right?
Social highlights for October
- @defislate wearing some fancy DXdao swag alongside contributor @davebit_
- @MoneyGodRAI immortalizes DXdao…
- @powers_chris shares info on DXdao’s completely open-source front-end for governance, DXvote!
October Popular Forum Discussions
Overview, Learnings and New Ideas from Lisbon
DXD Buyback Extension #3 [Draft]
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. 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), Mesa (batch auction DEX), and Swapr (governance-enabled AMM). DXdao believes in governance and decentralization.
Connect with us: Discord, Twitter, Telegram, Keybase, DAOtalk Forum
