Kleros goes live on the xDAI Chain

Kleros is thrilled to announce that it is already live on the xDAI Chain. The court’s contract was deployed with two initial subcourts – the xDAI General Court and the xDAI Curation Court – and disputes will soon start to pop up for jurors to judge. This milestone represents one of the first steps towards Kleros scalability.

What’s new?

Two great features intrinsic to xDAI Chain will make Kleros Courts awesome:

  1. Gas fees on xDAI Chain are close to zero.
  2. Juror fees are set and paid with the xDAI native currency, which is pegged 1-1 to DAI on Mainnet. In other words, juror fees are stable 🎉.

If you are wondering whether the juror incentive program is also active on xDAI, the answer is yes! 10% of the total monthly budget for the incentive program is now allocated to jurors who stake on the xDAI Chain courts. In total 100,000 PNK will be distributed monthly among xDAI Chain  jurors.

For more detailed information check out the original proposal.

How to get to the Court on xDAI CHain

First go to https://court.kleros.io as usual. If you are connected to the Ethereum Mainnet, you will notice some links to the xDAI Chain:

If this is the first time you are doing it, it means you probably don’t have PNK on xDAI Chain, so you will be presented the following options:

If you just want to take a look at the Court on xDAI, you can pick option 2 above and skip the next section. Otherwise, when choosing option 1 you will get PNK on xDAI Chain first.

How to obtain PNK on xDAI Chain

Currently there are no liquidity pools for PNK on xDAI, so the only way to obtain PNK on xDAI Chain is by bridging Mainnet PNK to xDAI.

Notice that only tokens which aren’t currently staked can be bridged. If you try to transfer staked tokens, the transaction will fail. If you don’t have unstaked tokens, you can unstake from some Mainnet courts or, even better, get some extra PNK on Uniswap.

If you click the button for option 1. above, you will be redirected to the OmniBridge app:

1. Click”Connect”
2. Connect to MetaMask

You might have noticed that this is the standard ERC-20 workflow:

 3. Select the amount of PNK to be bridged and unlock the transfer

At this point you will be prompted with a MetaMask popup for you to sign the transaction to unlock your PNK. After the unlock transaction has been mined, you will see the “Transfer” button being enabled.

📰 INFO

https://blog.kleros.io/kleros-is-now-on-xdai-chain/

Market Stats:
BTC Dominance: 58.75%(-0.23%/24h)
ETH Dominance: 12.38%(+0.08%/24h)
Defi Market Cap: $88.91B(-3.55%/24h)
Total Market Cap: $3096.65B(+1.99%/24h)
Total Trading Volume 24h: $181.32B(+12.48%/24h)
ETH Market Cap: $383.64B
Defi to ETH Ratio: 23.18%
Defi Dominance: 2.75%
Altcoin Market Cap: $1277.27B
Altcoin Volume 24h: $114.88B
Total Cryptocurrencies: 32274
Active Cryptocurrencies: 10096
Active Market Pairs: 89750
Active Exchanges: 761
Total Exchanges: 9588
BTC: 91994.62$(-0.01%/1H)
ETH: 3182.78$(0.11%/1H)
AVAX: 35.73$(0.19%/1H)
BNB: 623.82$(0.08%/1H)
MATIC: 0.46$(4.46%/1H)
FTM: 0.72$(-0.67%/1H)
ADA: 0.76$(0.47%/1H)
DOT: 5.97$(2.09%/1H)
UNI: 9.29$(-0.86%/1H)
CAKE: 1.96$(-0.08%/1H)
SUSHI: 0.8$(0.12%/1H)
ONE: 0.02$(1.24%/1H)