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⚔️ xDai Weekly Recap - 14/05/2021

· 3 min read
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👷‍♀️ POSDAO Updates


The protocol is currently in Epoch 56.
****There are 16 validator pools with 245 delegators staking a total of 547,277 STAKE.

High pool APY is currently 20.03%, low is 12.89% (stats as of 07/05/2021 16:60 UTC).

📊 Network Statistics

Tx/Day ATH reached

Transactions on xDai continue to grow. May 12 saw the largest number of txs to date, with 319K+ transactions on the network.

Green Chain

Bitcoin and Ethereum mining energy expenditure is back in the news. xDai has always been a green chain - last year total energy expenditure was equal to 2.1 US Households.

Bitcoin and Ethereum combined use the equivalent of the 23rd largest country in the world.

:classical_building: Governance Updates

Stakefish Proposal to join Validator Set

After a good deal of discussion and merits of adding an additional professional node operator to xDai (01Node also recently added), the Stakefish proposal will likely pass. Currently the voting is 100% Yes with less than 24 hours remaining).

Stakefish will be onboarded as a new validator with plans to bring new resources and expertise to the chain. No funds will be sent from the ecosystem fund, instead an existing POA validator will be transferred to Stakefish.

Funding Proposal for xDai Branding

As signaled by the community, 525K Stake was alloted from the Ecosystem fund to the Raidguild team to begin with their rebranding proposal. Next steps will involve a Sprint, Proposal, and Refinement over the course of the next several months.

Matching SushiSwap Incentives Proposal

A proposal to introduce matching incentives as LP rewards (1M in Stake from xDai to match 1M in Sushi from Sushiswap) was a highly debated proposal with many comments and more than 80 voters. The proposal was initiated from the Sushiswap side which resulted in some contingencies related to vote timing. Despite being an expedited proposal, there was a lot of conversation discussing the merits and drawbacks and a lot of engagement from the community. The final vote resulted in 66% in favor of the additional incentives.

Voting Report

✏️ Protocol Updates

Berlin Hardfork on xDai

May 17 is quickly approaching for the xDai upgrade to Berlin. All validators and any projects using xDai should update their nodes. (OpenEthereum v3.2.5+, Nethermind v1.10.71+)

  • Date: May 17
  • Block: #16101500
  • Time: ~13:24 UTC

🌉 OmniBridge Updates

NFT OmniBridge Sneak Peek

:mag_right: BlockScout Updates

UI Customizations include additional items added to the Apps Menu and trading icons to easily access HoneySwap, SushiSwap or Swapr for tokens on xDai.

🦋 Project Updates

Project Page Updates

Explore xDai diversity and more than 100+ projects and growing currently deployed on the xDai chain. We updated our projects page to include additional NFT and DeFi projects and more. If you have a project utilizing xDai, please get in touch so we can add it to our list.

Cryptokek Integration

Agave Lending