DXdao is a decentralized organization, owned and operated by the community. It develops, governs, and grows DeFi protocols and products. Septmber made DXdao busy! The platform been tirelessly working for the growth of its ecosystem.
DXdao Project Highlights:
SWPR Farming—At the start of the month, the DXdao community discovered a misconfiguration with its governance system on Arbitrum, making SWPR farming campaigns impossible to launch. The relevant squads quickly solved the issue and DXdao successfully launched Arbitrum farming campaigns and a new governance deployment. The Swapr protocol exploded in TVL, from around $5m to well over $70m, purely on the back of Arbitrum farming.
DXD Buyback — REP holders approved the DXD Buyback Program in May, and since then DXdao has repurchased more than 5,000 DXD through a decentralized, trustless process on xDai and Mainnet. The program was extended for another $1m in purchases in September.
DXvote — Starting in August and in preparation for the Swapr launch on Arbitrum, the DXdao community devoted more resources to building tools and products for its own governance system. This effort has culminated in a newly formed gov_dev squad and the launch of DXvote, a decentralized governance framework incubated within DXdao.
Other fun initiatives:
- DXdao on DefiYield — DXdao contributor John Kelleher had the opportunity to speak on the improvement of DAO’s and the onboarding process.
- DXvote dWebsite award — DXdao’s very own DXvote won Esteroids’ dWebsite of the week award. The prize was pointed towards Optimism to fund Retroactive Public goods on Ethereum.
- Swapr 1inch — Not too long after Swapr’s mainnet integration to 1inch, the protocol is now included in 1inch’s Arbitrum deployment. If you trade with 1inch on Arbitrum, you’ll tap right into Swapr liquidity.
- ETHOnline sponsorship — DXdao is attending and sponsoring ETHglobal’s ETHOnline hackathon. This includes $4,000 in prizes for integrating or building with DXdao’s product suite.
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.