An inviting aroma greeted teams arriving at Liscon this week! It wasn’t just the salty sea air, but also superb community-farmed coffee ☕️ courtesy of EthicHub and the community farms and families supported by their P2P lending protocol.
EthicHub
xDai first connected with EthicHub in 2018 as they were developing their protocol. The project started on Ethereum, but the team quickly realized they needed a stable token and low, predictable gas costs for sustainable growth. They took the leap to become one of the first projects live on xDai, and they haven’t looked back since!
3+ years later EthicHub has financed more that 200 projects in 17 different farming communities. They’ve expanded from Mexico to Brazil and now Honduras, and have introduced the Ethix Token to facilitate additional lending to unbanked farming communities and protect their micro-loan ecosystem against defaults.
The coffee is amazing, especially when paired with several Pastel de Nata! We’re proud to have shared this journey with EthicHub, a crypto project that has stood the test of time and evolved right along with it. We look forward to seeing their continued expansion connecting community farmers and investors leveraging xDai as their blockchain platform of choice.
Tornado Cash
With fresh coffee in hand several members of our team eagerly attended the Tornado Cash presentation by Roman Storm & Roman Semenov. In the talk they announced some exciting features for the next generation of Tornado Cash, most notably a primary integration with xDai to avoid high gas fees while cutting down on withdrawal times!
Tornado is a cutting-edge decentralized protocol that uses zkproofs to preserve user anonymity. It is already deployed on xDai, but V2 will introduce features like abritrary deposit/withdrawals and shielded transfers within single privacy pools. The protocol will leverage the xDai bridge to support fast withdrawals. More details coming soon!
Team Updates
On the heels of LisCon, the EthLisbon hackathon provides further networking and project discovery opportunities for the xDai team. Hope to see you there this weekend!
xDai has joined the Crypto Climate Accord, an initiative to decarbonize blockchain and the crypto industry. xDai is already a green chain, and we’re excited to join up with many other supporters (150+!) to achieve zero-net emissions.
The latest OmniBridge Update includes much-requested reverse bridging functionality. Previously, tokens minted on Ethereum could be moved to xDai but not vice versa. Now we have the versa and tokens minted on xDai can be bridged seamlessly to Ethereum with the Omnibridge.
Project Updates
CryptoStamp 3.1 sales launch is live as of Oct 21! If you bought a presale cat or rhino you can exchange now, or checkout the new HoneyBadger, Llama and Panda designs! Limited quantities remain at crypto.post.at/onchainshop
Linguo by Kleros provides decentralized translation services, connecting translators with content that needs translation. Web3 is global, and properly translated content is vital! Linguo uses Kleros to settle disputes (if the translation requestor is dissatisfied) and xDai for reasonable transaction and arbitration costs.
The HOPR Wildhorn v2 testnet is live, and will only run for a week, ending at 2pm CET on Wednesday October 27th. Node runners can help test the network and earn HOPR Boost NFTs. Get the Details
deBridge is a cross-chain interoperability and liquidity transfer protocol for connecting chains. xDai created the first functional cross-chain bridge, and many others are continuing this legacy by building new bridges to connect a growing ecosystem. deBridge will incorporate xDai for universal token, data and NFT transfers (DOGE to XDAI anyone?).
EmpireDex is a Multi-Chain DEX Protocol expanding onto xDai. This week they announced a fair launch Liquidity Generation Event on xDai, similar to events they’ve held on BSC, Polygon, FTM and others. Learn more
Speaking of DEXs, Swapr continued a strong week by reaching an ATH in liquidity on xDai. Supercharged SWPR rewards for select pairs continue through October 28th, 2021 at 15:00 UTC.
APY Vision recently integrated xDai and are already making waves! This week they created a Sushiswap explainer for new users and completed an NFT giveaway to celebrate the launch.
🗓 Mark Your Calendars
Monday October 25 | Agave rewards launch. Lending market rewards in AGVE and STAKE for Agave finance users. Watch the video to learn more.
Monday October 25 | 23:00 UTC | xDai Tigers launch
Tuesday October 26 | 21:30 UTC | Cold Truth Culture Community Meeting
Sunday October 31 | SNAFU Collection #3 Drop
🙏 Thank you to our community of developers and users, we appreciate all of the projects continuing to leverage xDai and push blockchain into the future! Don’t be shy, we’d love to hear from you on Discord or in our community telegram.
See you on-chain,
The xDai Team