POSDAO & Protocol Updates​

EOA views added to xDai Usage Dashboard​

Externally owned accounts on xDai represent a fair amount of volume, especially when related to account activity and overall transactions. We added this metric to see how EOAs are using xDai in relation to larger project utilization of the chain. The usage dashboard is available at https://duneanalytics.com/maxaleks/xDai-Usage

Ethers.js Quick Start Guide​

Ethers.js is a useful javascript library available to developers. It is much smaller than web3.js and easy-to-use for new developers, and we created a simple guide for devs.

https://twitter.com/xdaichain/status/1402709981074538497

BlockScout Survey​

BlockScout Block Explorer is conducting a survey to collect user feedback on the explorer. Help build the next generation of explorer for xDai, and win $100 in the process!

https://twitter.com/blockscoutcom/status/1402988585435889677

🦋 Project Updates​

📡 Dark Forest Round 1 Completed​

Dark Forest Round 1 was a big success on xDai, accounting for a big increase in transactions, usage and users. Get ready, round 2 starts shortly!

https://twitter.com/darkforest_eth/status/1402038721151598594

:house_with_garden: RealT Real Estate​

RealT tokenized real estate continues to sell quickly. In a volatile market environment real-world assets with more predictable yields (and predictable pricing on xDai) provide some much needed balance!

https://twitter.com/RealTPlatform/status/1401841554008981505

Minerva Streaming Farms​

Another innovation from the Minerva team - NFTs that come with a MIVA stream attached, once the user has deposited LP tokens from Honeyswap.

https://twitter.com/MinervaWallet/status/1402992526131269633

Eporio​

Eporio is partnering with Minerva to provide a marketplace forstreaming “Farm Position” NFTs (FP NFTs, for short), making them completely tradeable and visible to users.

https://lab10collective.medium.com/minerva-wallet-partners-with-eporio-to-enable-trading-of-streaming-nfts-e15ef0a28490

Snafu Artist Collective​

Collection 2 has been released, and is described as "an epiphany of looks, a chorus of images that represent our present" and includes a physical artbook available to the 5 users with the highest number of NFTs. One artist is dropped per day, for a total of 17 artists, and the campaign ends on 30 June, 2021.

https://twitter.com/nftsnafu/status/1401125519052181510

https://www.nftsnafu.org/collection-2

HoneyComb Farming Updates​

Farming continues to gain traction on the HoneySwap Platform, with additional liquidity coming in daily.

https://twitter.com/Honeyswap/status/1402529898531459079

Peerion Validator Pool​

Peerion validator pool for liquid staking has reached goal # 2 (5000+ STAKE) and continues to add more stakers in anticipation of launch.

https://twitter.com/PeerionDAO/status/1403353072869466112

POSDAO Updates​

New Validator Pool​

Another new validator pool onboarded to POSDAO, bringing the current total to 17 active pools.

Staking on xDai​

Over 650K STAKE is now protecting the protocol on xDai. In the past month (since May 4) the amount has increased from 558069 to 652442, a nearly 15% increase in STAKE protecting the protocol . Source: https://duneanalytics.com/maxaleks/xdai-staking

Transaction Fees Display​

Dune Analytics dashboards now include transaction fee metrics, including total transaction fees paid per day, per month, and per project/day. These help give insight into general usage trends as well as granular usage by project. Source: https://duneanalytics.com/maxaleks/xDai-Usage

🦋 Project Updates​

HoneyComb Farm​

High yield HoneyComb farms launched on the Honeyswap platform. Farming has already brought additional liquidity to the ecosystem, resulting in an ATH for Honeyswap.

https://twitter.com/Honeyswap/status/1400108191606743042

https://twitter.com/Honeyswap/status/1400522672757522446

Rubic​

Rubic exchange is integrating xDai to enable decentralized cross-chain swaps.

https://twitter.com/CryptoRubic/status/1400830421315866630

CryptoFees​

xDai was added to the CryptoFees site and is in the top 15 for projects/chains. Learn more about the metrics and how xDai stacks up here.

https://twitter.com/dmihal/status/1400412753697857538

Ankr​

Ankr continues to support xDai and is building out their docs to include easy setup instructions.

https://twitter.com/xdaichain/status/1400469293632942082

Peerion​

Peerion is bringing liquid staking to STAKE holders. Now users with a minimum of 20 STAKE can participate in consensus by joining the peerion validator pool co-op.

https://twitter.com/PeerionDAO/status/1400831457321390080

Swash​

Users can withdraw DATA for free and utilize HoneySwap to trade earnings.

https://twitter.com/swashapp/status/1400807738083524612

Darkforest​

Darkforest continues to dominate on xDai, accounting for more than 50% of xDai transactions and 36% of gas usage on June 3! UX improvements like auto-confirmation with a burner wallet are helping drive massive usage from this popular application.

👷‍♀️ POSDAO Updates​

✏️ Protocol Updates​

Prior Pending Claims Amnesty​

Assets worth more than 360K were sent to users on Ethereum from prior pending claims from the xDaiBridge and the Omnibridge. These assets consisted of pending claims where users had not completed the process on mainnet. Many had been in the contract for months. The funds were released from the bridge contracts and the xDai team paid the tx fees totaling 9.65 ETH for over 1000 transactions. This was a one-time event with no immediate plans for future amnesty.

xDai Bridge

• Amount: 160K DAI
• Addresses: 461
• Tx Fees: 3.58 ETH
• USD equivalent: $8,985.00
• USD cost avg per tx: $19.50

OmniBridge

• Amount: 200K+ USD value
• Addresses: 570
• Tx Fees: 6.06 ETH
• USD equivalent: $15,200.00
• USD cost avg per tx: $26.66

OmniBridge AutoFaucet​

To assist new user onboarding, and automatic faucet feature was added to the OmniBridge. Users moving assets over the Omnibridge from Ethereum or BSC to xDai now also automatically receive $.01 xDai* in addition to their bridged asset. This can be used to process transactions and swap some of their remaining assets into xDai as required. Over 500 faucet transactions have been processed since this feature was implemented on May 22.

*Only non-contract wallets with a 0 xDai balance receive xDai.

https://twitter.com/xdaichain/status/1397225172961304583

📊 Network Statistics​

New Monthly ATH for Txs​

xDai continues to see month-over-month usage and transactional growth. 6.3M transactions have been processed in the past 30 days. Source: https://duneanalytics.com/maxaleks/xDai-Usage

Gas Usage per Day​

A new metric was added to measure gas use percentage. Gas usage is often a more telling metric than txs per day, as it captures the total use for all types of transactions, including resource intensive ones (some complex contract transactions can exceed 7M gas for 1 tx for example). Several high resource transactions can fill an entire block.

Staking on xDai​

Over 600K STAKE is now protecting the protocol on xDai, over 75% of STAKE supply available on the network. Source: https://duneanalytics.com/maxaleks/xdai-staking

🦋 Project Updates​

DarkForest v0.6​

A new round of darkforest is live on xDai! DF transactions have already surpassed Perpetual Protocol to claim the #1 spot for most daily txs by a single application on xDai.

https://twitter.com/xdaichain/status/1396378637591527425

Clover Finance Integration​

https://twitter.com/clover_finance/status/1397942389436608519

Orchid on Android​

https://twitter.com/OrchidProtocol/status/1396841023591092224

Omen Prediction Market Contest​

10K in rewards for the new market contest. Top 5 markets win 1500 xDAI and 750 REP on xDXdao Next 5 markets win 500 xDAI and 250 REP on xDXdao.

https://twitter.com/Omen_eth/status/1396572004774400000

DxSale xDai Support​

DxSale application allows users to create, launch and secure tokens. They offer multi-chain support and now include xDai support.

https://dxsale.network/

✏️ Protocol Updates​

🎉 Berlin Hardfork Successful!​

The planned HF was successful on May 17 starting at block #16101500. Nodes should now be running OpenEthereum v3.2.5+, Nethermind v1.10.71+.

https://twitter.com/nethermindeth/status/1394320203635470342

🎆 Gas Limit Increase​

Following the HF, the gas limit per block was increased from 12.5M to 17M to accommodate increased usage and provide additional block space.

https://twitter.com/xdaichain/status/1395058291143757826

👷‍♀️ POSDAO Updates​

Stakefish onboarded as a new validator​

The Stakefish team was added as a validator to further decentralize the protocol.

https://twitter.com/stakefish/status/1394235551838920709

📊 Network Statistics​

New Stats added to Dune Analytics Dashboard​

https://duneanalytics.com/maxaleks/xDai-Usage

We've added additional xDai stats including historical overviews (30, 60 and 90 days) for transactions, active accounts and tx fees. Also additional insights into which projects are seeing the most transactions on xDai and which projects have the most engagement from different accounts.

:mag_right: BlockScout Updates​

A new Gas Price Oracle API endpoint was added and recommended gas prices are now displayed in the header. Users can see averages from the past 200 blocks, updated every 5 seconds, to determine recommended gwei price for slow, average, and fast txs.

🦋 Project Updates​

Austrian Post Crypto Stamp Project​

https://twitter.com/xdaichain/status/1395720849869639682

Miva Gnosis Auction on xDai​

https://twitter.com/MinervaWallet/status/1395409795935526913

CryptoTax Calculator Integration​

https://twitter.com/CryptoTaxHQ/status/1395694297186406406

Superfluid Streaming App​

https://twitter.com/Superfluid_HQ/status/1395379044791762945

JuiceBook​

https://twitter.com/JCEProtocol/status/1395226422256472067

:classical_building: DAOs​

Peerion DAO​

https://twitter.com/PeerionDAO/status/1394958508928372746

xDai DAO​

A new xDai focused, community run DAO on Reddit

https://www.xdaidao.com/

👷‍♀️ POSDAO Updates​

📊 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.

• Proposal: https://forum.poa.network/t/stakefish-as-an-xdai-validator/5565/29
• Snapshot Vote: https://snapshot.org/#/xdaistake.eth/proposal/QmYv9SU9S1Qu8kQWdbc5Gkbtp5ow6Gkz9K2cb624g5C2Rn

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.

• Proposal: https://forum.poa.network/t/funding-proposal-xdai-rebrand/5351
• Snapshot Vote: https://snapshot.org/#/xdaistake.eth/proposal/QmdEMHSyH4ZyYBDicfWvzc1GPGFx5NPSqkX7ef8TKBU4sn
• Tx: https://blockscout.com/xdai/mainnet/tx/0x83e5dc0207102122d6f9a14a07303990f95aa740a1de244534b5895c98b4e768

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.

• Proposal: https://forum.poa.network/t/proposal-to-add-stake-incentives-matched-to-the-sushiswap-deployment-on-xdai/5821
• Snapshot vote: https://snapshot.org/#/xdaistake.eth/proposal/QmaucfLiZjTLuf39w9xfXCDoGPkYtscvgBJtbqCGYg9Peh

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​

https://twitter.com/xdaichain/status/1393133712460636160

: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​

https://twitter.com/kektoken/status/1391075674232958980?s=20

Agave Lending​

https://twitter.com/1HiveOrg/status/1391831570252656643

👷‍♂️ POSDAO Updates​

📊 Network Statistics​

We use a variety of tools to view xDai Metrics including:

• BlockScout Block Explorer
• Dune Analytics
• AnyBlock Analytics
• Ethhole

Total OverView: BlockScout​

• 1.1Million Wallets
• 23 Million Total Transactions

April 2021 Usage: AnyBlock Analytics​

• 4.2 Million Transactions
• 1 Trillion Gas Usage
• 46 Thousand Distinct Senders

Utilization by Project: Dune Analytics​

May 6 Snapshot:​

• Other: 83023
• Perpetual Protocol: 54127
• RANDAO (on-chain random number generation): 7103
• Honeyswap: 3811
• Bao Finance: 1426
• AMB Bridge: 1288
• xDai Bridge: 579

Bridged Token Analytics​

• 397 Distinct Tokens bridged from Ethereum (https://blockscout.com/xdai/mainnet/bridged-tokens/eth)
• 74 Distinct Tokens bridged from BSC (https://blockscout.com/xdai/mainnet/bridged-tokens/bsc)

Bridged Token Heatmap by Value: https://ethhole.link/project/xDai

Top 10 according to https://ethhole.link/project/xDai

Name	Value	Note
HAUS	$32.13M
BAO	$17.81M
USDC	$15.16M	stablecoin
HOPR	$11.68M
WETH	$10.82M
xMARK	$9.9M
HAKKA	$7.33M
SUSHISWAP	$6.83M	protocol
STAKE	$6.71M	note: missing locked validator tokens, actual value $13,780,797 USD
LIEN	$6.48M

✏️ Protocol Updates​

Berlin Hardfork on xDai​

The date and block number have been announced for the xDai upgrade to Berlin. All validators and any projects using xDai should update their nodes. (OpenEthereum v3.2.5, Nethermind v1.10.67)

• Date: May 17
• Block: #16101500

Client Support​

Both OpenEthereum and Nethermind support the latest xDai updates.

https://github.com/openethereum/openethereum/releases/tag/v3.2.5

https://twitter.com/nethermindeth/status/1389479673827037187

🌉 OmniBridge Updates​

After a successful security audit, OmniBridge upgrades are underway. Documentation was added for the following:

• Alternate Receiver: Bridge tokens from an address on one chain to a second address on another chain).
• Define Custom RPCs: Set your own RPC endpoints for bridge interaction.
• Infinite Unlock: Approve all transfers of a token with a single tx rather than for each transfer.
• Reverse Mode: Coming Soon. Bridge tokens minted on xDai to Ethereum/BSC

:mag_right: BlockScout Updates​

BlockScout now supports EIP1155 Tokens, with recent updates to include Metadata support.

https://twitter.com/blockscoutcom/status/1386748075004370949

1155 MetaData Support Added​

🦋 Project Updates​

Opium​

https://twitter.com/Opium_Network/status/1390681252739653632

GnosisSafe Application​

https://twitter.com/xdaichain/status/1389693232704102400

Mt Pelerin Bridge Wallet​

https://twitter.com/mtpelerin/status/1369297227131273220

👷‍♂️ POSDAO & Protocol Updates​

🌉 OmniBridge Audit Completed​

ChainSecurity completed an audit of the OmniBridge contracts. The final report identified 0 Critical or High Risk Issues, 2 Medium Issues and 3 Low Risk Issues all of which were acknowledged and/or accepted. Next, the team will implement the latest contracts which will include reverse functionality (token minting on xDai, bridge minted tokens to Ethereum) and other audited features.

See the report: https://chainsecurity.com/security-audit/poa-network-omnibridge/

🦋 Project Updates​

:earth_americas: Genesis Vision & Perpetual Protocol​

Two projects on xDai working together to provide new options for traders.

https://twitter.com/genesis_vision/status/1387272090013868032

:small_red_triangle_down: Peerion & pNetwork​

https://twitter.com/PeerionDAO/status/1387457238445461504

🦉 Minerva Faucet :potable_water:​

Minerva is providing a faucet for MIVA holders, and an excellent explainer that shows users options for getting just a little bit of xDai - all that's needed to complete many transactions.

https://docs.minerva.digital/miva-and-xdai-chain/how-to-get-xdai/6-xdai-faucets

:capital_abcd: Node Providers​

Two projects announced API support for xDai chain users.

AnyBlock Analytics​

https://twitter.com/AnyblockTools/status/1387043070634467328

GetBlock​

https://twitter.com/getblockio/status/1386676170587000834

:frame_photo: NFT Projects​

xDai provides a green landing and launching pad 🚀 for a variety of NFT Projects.

:mag_right: BlockScout ERC1155 Support​

BlockScout continues to innovate as an explorer. The latest update for xDai includes 1155 support, a standard which is rapidly gaining popularity as a way to transfer NFT collections.

https://twitter.com/blockscoutcom/status/1386748075004370949

🍔 McDonalds Coin​

A parody art project and trading game now live on xDai.

https://twitter.com/SatoshiMcdonald/status/1386447787508879361

❄️ Snowflakes Hash​

https://twitter.com/TheHashAvatars/status/1387515308412489735

:bee: Beezu Coming Soon​

https://twitter.com/beezugame/status/1388044364660674564

🔥 Exchange Listing and Trading Campaign​

Huobi Global launched STAKE trading/staking campaigns on April 20th, providing up to 12,400 STAKE as rewards! The featured STAKE staking campaign returns an estimated 130.35% APY 👀

https://www.huobi.li/support/en-us/detail/24873225477472

Multiple listing pairs include:

• STAKE/USDT
• STAKE/BTC
• STAKE/ETH

👷‍♀️ POSDAO & Protocol Updates​

☀️ xDai Dune Analytics Dashboard​

A new Dune Dashboard was enabled to track xDai transactions and project utilization. It is available at https://duneanalytics.com/maxaleks/xDai-Usage

https://twitter.com/xdaichain/status/1384207728554377220

:potable_water: Faucet Update​

xDai Faucet is back along with some verification methods to thwart abuse and provide xDai to users who need some gas for tx. Community members can receive and give back to the faucet!

https://twitter.com/xdaichain/status/1384234562570514432

:telephone: xDai Community Call​

We held a community call on discord primarily focused on future directions for xDai and improving governance processes for researchers interested in exploring the xDai future. An interesting area of research is related to rollups, and a working group was formed in Discord to research what it might take to incorporate with Ethereum 2.0.

https://twitter.com/xdaichain/status/1384941902819205122

🦋 Project Updates​

📲 Perpetual Protocol​

xDai Founder Igor Barinov participated in the Perpetual Protocol Community Call, giving users an overview of xDai and how Perpetual leverages the chain to provide fast & free trades.

https://youtu.be/H5qvFuL83QM

:twisted_rightwards_arrows: Genesis Vision​

Genesis Vision is a multimarket social trading platform now available on xDai!

https://twitter.com/genesis_vision/status/1384491224707395589

🦜 pNetwork and PeerionDAO​

Community members can now co-own a pNetwork node on xDai

https://twitter.com/pNetworkDeFi/status/1384894229051322369

:deciduous_tree: Eporio EarthDay Event​

xDai is a green chain, and Eporio NFT Marketplace held an event to celebrate Earth Day and plant trees IRL!

https://twitter.com/eporio_market/status/1385216404316692483

🎆 Fraction Token​

Fraction token launched on xDai as an interesting experiment in fractional ownership. Only 1 token exists, and holders can trade, stream and provide liquidity on xDai.

https://twitter.com/fraction_token/status/1384825128928923650

🦢 Swapr​

Swapr DEX routes users to the Dex on xDai with the best prices. Their stats page now also includes xDai liquidity (just select xDai from the dropdown) https://dxstats.eth.link/#/

https://twitter.com/xdaichain/status/1385620612979183618

👷‍♀️ POSDAO & Protocol Updates​

:money_mouth: 20 Million Total Transactions Milestone​

Real world usage! Transactions have eclipsed 20,000,000 total transactions over the life of the xDai chain.

:mag_right: BlockScout Improvements​

BlockScout Explorer customizations continue to improve the xDai experience. The new cancel transaction feature lets users quickly and easily deal with stuck transactions.

https://twitter.com/blockscoutcom/status/1381691592449351685

🌉 BSC OmniBridge Feature Update​

Moving assets between bridges can be difficult if you don't have native assets. The latest upgrade to the BSC bridge lets users send wrapped BNB to the Binance Smart Chain from xDai and receive BNB directly on BSC. Users can then use the native BNB to pay for txs and process additional bridge transfers between chains.

https://twitter.com/xdaichain/status/1382769851748388867

🦋 Project News & Updates​

🔈 MakerDAO L2 Community Call​

The xDai team participated in a call with the MakerDAO Community to discuss on-chain scalability, Optimism, what is or isn't an L2 and many other topics. Checkout the video

https://www.youtube.com/watch?v=HqALpS93S6k

:person_playing_water_polo: PoolTogether xDai support​

PoolTogether community builder now supports xDai. Users can easily create no-loss savings pools.

https://community.pooltogether.com/pools/xdai

📜 RaidGuild Smart Invoice Launch​

https://twitter.com/RaidGuild/status/1382081659906920448

📈 Derify Protocol on xDai​

Derify chooses to launch on xDai. Read more on their decision making process

https://derify.medium.com/performance-cost-and-future-outlook-of-on-chain-transactions-on-derify-62bfcd4480f8

:honey_pot: TradingView integrates with HoneySwap​

https://twitter.com/Honeyswap/status/1382694447910166533

🦉 "7 Ways to Get xDai" Explainer by Minerva​

Minerva Wallet created a simple doc detailing the many ways new users can get xDai right now.

https://twitter.com/MinervaWallet/status/1382955724913975297

📽️ Project News & Updates​

🦉Gnosis Auction​

Gnosis Auction is live on Mainnet and xDai! Auctions have already started on Ethereum, and we expect a large auction coming to xDai 🔜!

https://blog.gnosis.pm/announcing-gnosis-auction-launch-390124d56248

💳 CardStack​

Cardstack announces Card Pay payment and reward network integration with xDai.

https://medium.com/cardstack/cardstack-integrates-with-xdai-30e2fbd9d5aa

📜 Request Network​

Request integrates with xDai to provide invoicing and crypto payment services with low fees!

https://request.network/en/2021/04/09/xdai-partnership/

🏦 DeBank​

DeBank has added support for DeFi projects on xDai. The DeBank dashboard provides easy insight and cross-chain portfolio management.

https://medium.com/debank/xdai-debank-announcement-3b13e158bd92

🖥️ Ankr API​

Ankr is now integrated with xDai and instructions are available for using their API services.

https://twitter.com/ankr/status/1380083730132389892

💎 World Economic Forum Summit​

Events are back! A custom burner wallet was featured at the World Economic Fund Global Technology Governance Summit where users could trade NFTs on xDai.

https://twitter.com/xdaichain/status/1379192246361284610

⛓Chainlink​

Chainlink continues their support for xDai with a new tutorial on their blog.

https://twitter.com/chainlink/status/1379498202555121664

👖TokenPocket​

TokenPocket announced they support xDai - users will be able to connect their wallet to xDai chain to access xDai-based DeFis and DApps.

https://tokenpocket-gm.medium.com/tokenpocket-has-reached-a-strategy-collaboration-with-xdai-chain-57739f01d8f7

🦈 Mixsome Cash​

Mixsome is running on xDai with their DeFi action flows, all with varying APYs. Transactions are bundled and simplified to give more DeFi access to new users.

https://mixsome-cash.medium.com/mixsome-xdai-feeless-defi-ac254ac8eab