After three weeks of open discussion, a well-attended AMA, and several amendments to the original proposal, snapshot voting on the proposed merger between the xDai Chain and Gnosis is officially underway! Voting is live and will end on Tuesday, 7 Dec at 5:00pm UTC.
This vote has seen the highest participation rate of any snapshot vote in the history of the xDai community (500+ voters and counting), and with good reason. It is a historic proposal with far-reaching implications for the future.
We invite you to participate and voice your opinion; every vote counts (the number of participants is an important metric in addition to stake weight). To vote, go to the snapshot page and connect an address that held STAKE when the snapshot was taken at 5:00pm UTC Nov 30, 2021 (Ethereum Block 13715527). You can vote with STAKE on Ethereum or STAKE held on xDai when the snapshot was taken. Voting strategies are outlined here.
To mark this occasion, an exclusive POAP will be available to every address that weighs in on the vote. To claim, go to the snapshot page and mint your POAP for participating. Previous voters can also mint on the page, simply connect the wallet you voted with and mint.
We will share more information about next steps following the conclusion of the voting on Tuesday, 7 December.
Additional details on the proposal:
Project Updates
While the merger proposal and subsequent voting have taken center stage over the past few weeks, new projects continue to flock to xDai while established projects are finding success and synergies within the ecosystem.
Tornado Cash reached a new milestone on xDai with over $1M deposited into the protocol. See the dedicated Dune Analytics dashboard for Tornado on xDai for more details.
DeHive announced an xDai integration and plans to release several clusters on xDai next week. Clusters are groups of assets sets that give investors exposure to a diverse, performant portolio. From DeHive: “DeHive Clusters is a financial instrument which keeps the economic value of the index, works as asset management tool, optimizer, and profit generator for yield farming strategies.”
xDai Punks launched a unique token sale on xDai running from 1 December - 8 December. The sale is an Initial Bond Curve Offering where a fixed amount of tokens is locked in a smart contract and the final price per token is determined by the total amount deposited. The PUNK token will be used as the backbone for a new NFT marketplace on xDai called NiftyFair - in development by the xDaiPunk team.
Snafu Collective announced their latest Community Drop. The featured artist is Cliff Blank and limited editions of 3 pieces will be dropped in the community pool today.
Gardens is a DAO framework with a host of governance features. After many months of work from the 1Hive Gardens Collective the framework is now live and available for use on xDai! See the video below for a quick primer on signing a community covenant, wrapping tokens, creating/challenging proposals and more.
MarrowDAO presents the first ever community-led DarkForest Round running through 5 Dec. The round is curated and organized by the on-chain e-sports team Guild W. Over 3000 applicants applied to the round which starts later today. We’ll be following closely! Details here
That wraps up the headlines from the week. 🙏 Thank you again to our wonderful and diverse community for bringing the most interesting projects in the space to fruition on xDai 😎
See you on-chain,
The xDai Team