:cut_of_meat: EasyStaking​

✅ EasyStaking enabled on BitMax​

Easy Staking launched on Wednesday, August 5. BitMax has now incorporated EasyStaking as their staking application, adding a large chunk of STAKE to the contract. If you were already staking with the pre-staking program, you don't need to do anything, your STAKE will automatically be transferred to EasyStaking (without paying gas fees to stake)

Learn More about EasyStaking with BitMax

✅ EasyStaking optimized for Mobile​

https://twitter.com/xdaichain/status/1294010838895005696

✅ EasyStaking FAQs​

We added an FAQ for questions we've received so far about EasyStaking and STAKE. Look for additional questions to be added in the future.

👷‍♀️ Dev & Project Updates​

✅ JOON Landing! First personal token transferred from Ethereum to xDai​

The Roll network mints branded, personal digital tokens unique to an individual's online presence. However, ETH gas fees have made it difficult to transfer and use personal tokens. The JOON token became the first Roll personal token to cross from the Ethereum Mainnet to xDai.

https://twitter.com/makoto_inoue/status/1292938438010904577

✅ MooniSwap Exchange​

MooniSwap is a new AMM protocol by 1inch.exchange. We added an ETH/STAKE liquidity pool to Mooniswap to further diversify STAKE swap and exchange options.

https://twitter.com/xdaichain/status/1293127586432851968

📰 Media​

✅ Lead Architect Alex Kolotov presents at EDCON 2020 on Multi-token ERC20 transfers from Ethereum -> xDai​

https://www.youtube.com/watch?v=WMubACRjS_4

✅ OMG Comparison Article​

With all the recent Layer 2 scaling talk, we added another comparison article which compares the OMG Network to xDai. While both provide scaling, xDai wins out when it comes to flexibility, cost, and time in production.

✅ Twitter 👀 on xDai​

The xDai Chain has received a lot of coverage from Twitter influencers this week. As gas fees continue to rise on Ethereum, many people are looking for scaling solutions now. xDai is primed and ready to handle this upcoming migration.

https://twitter.com/evan_van_ness/status/1293892072576032768

https://twitter.com/graphprotocol/status/1293943437755113472

https://twitter.com/jgarzik/status/1294295223842091010?s=19

:man_superhero: Community​

✅ Twitter Banner Design Contest Ongoing​

We’ve launched a contest to design our Twitter banner with prizes in STAKE. Entries due by August 20. If you are a designer, or know one, forward on the info to help elevate the xDai STAKE visual game!

Add your entry here: https://airtable.com/shrWqBjOHBzsdIdDI

https://twitter.com/xdaichain/status/1288519372571639808

🚀 Launch & 🤝 Partnership Announcements​

✅ 🎉 EasyStaking Launch​

Easy Staking officially launched on Wednesday, August 5! Two days later there is over 1M USD value staked in the protocol and growing. We've created some basic instructions to get started, you probably won't need them as the platform is intuitive and easy to manage.

• EasyStaking App: https://easy-staking.xdaichain.com/
• EasyStaking Overview
• Getting Started

You can also participate by adding STAKE/ETH to the Uniswap Liquidity pool to earn rewards. If that's more your speed, check it out here: Uniswap ETH/STAKE Pool: https://uniswap.info/pair/0x3B3d4EeFDc603b232907a7f3d0Ed1Eea5C62b5f7

https://twitter.com/xdaichain/status/1291016004362031104

✅ xDai + Elrond Partnership​

xDai will partner with Elrond to architect their interoperability solution. The modified TokenBridge will be implemented to enable cross-chain communication between Elrond and Ethereum.

DeFi solutions continue to grow, and interoperability is needed to provide scalability. Excited to see what comes of this partnership!

https://elrond.com/blog/elrond-interoperability-with-ethereum-compatible-chains-via-xdai-token-bridge

👷♀ Dev Updates​

✅ Connext Reddit entry (Spacefold.io) features xDai​

In addition to our entry for the Reddit Bakeoff, Connext entered with their spacefold.io demo, which demonstrates state channels connecting xDai to Rinkeby for cross-chain transfers. This is a second method of interoperability for xDai (along with the TokenBridge), allowing for interoperability without intermediaries.

https://twitter.com/xdaichain/status/1290286122744963073

✅ BlockScout Token View​

The BlockScout team continues to innovate and provide cutting-edge tools for their open-source explorer. The number of tokens on xDai are growing, and the tokens tab lets viewers easily find and search for tokens deployed to xDai.

https://blockscout.com/xdai/mainnet

📰 Media​

✅ xDai featured as a favorite Reddit Entry​

In the Daily Gwei, Anthony Sassano wrote on 3 of his favorite Reddit Scaling Bake-Off entries, and 2 of them featured xDai as a scaling solution! (our entry with Splunk as well as the Connext entry with state channels) Check out this respected voice in the community opine on L2 scaling solutions below.

https://thedailygwei.substack.com/p/ethereum-scaling-is-here-the-daily

🦸♂ Community​

✅ Twitter Banner Design Contest Ongoing​

We’ve launched a contest to design our Twitter banner with prizes in STAKE. Entries due by August 20. If you are a designer, or know one, forward on the info to help elevate the xDai STAKE visual game!

Add your entry here: https://airtable.com/shrWqBjOHBzsdIdDI

https://twitter.com/xdaichain/status/1288519372571639808

:cut_of_meat: Staking & 🍰 Baking​

✅ The Great Reddit Scaling Bake-Off Entry Submitted​

Challenge accepted! We spent a good portion of July load testing, launching an experimental 1 second block network called qDai and working with the Splunk team to create a beautiful custom dashboard. Winners will be announced in September. Check out our entry - we’re happy to answer any questions or comments in the Reddit thread.

• Reddit Entry: reddit.com/r/ethereum/comments/hbjx25/the_great_reddit_scaling_bakeoff/
• Challenge Gitbook: https://challenge.xdaichain.com

https://twitter.com/xdaichain/status/1288918868799508483

✅ EasyStaking Coming in August​

We are finishing up our audit with Quantstamp and implementing a shiny new UI for the August launch of EasyStaking. Stay tuned for details!

In the meantime, check out the basics on EasyStaking here. We’ll be updating our docs to reflect the latest changes as we go live.

Here are a couple of previews of the new UI:

👷‍♀️ Integrations​

✅ 1st KickBack Event on xDai​

The first official Kickback event successfully launched on xDai. Kickback is an RSVP and ticketing platform and it has deployed to xDai to avoid the large gas fees on Ethereum. Signup and event creation are easy, intuitive experiences, and a great way to host a virtual event with some accountability and potential rewards for participants and event organizers.

Events can be related to anything (crypto & non-crypto alike), but participants commit and receive rewards in xDai. This is a great onboarding to tool with real-world applications which introduces users to the power of xDai.

https://twitter.com/xdaichain/status/1288586916502413316

📰 Media​

✅ xDai Sidechain added to L2 scaling solutions in EthHub Docs​

Sidechains are sometimes overlooked as an effective L2 scaling solution, but we know different here at xDai! Ethhub is a wiki of all essential Ethereum information, and sidechains are now added to the Layer 2 Scaling section. xDai and TokenBridge are both highlighted as examples.

Read more here -> https://docs.ethhub.io/ethereum-roadmap/layer-2-scaling/sidechains/

:man_superhero: Community​

✅ Twitter Banner Design Contest​

We’ve launched a contest to design our Twitter banner with prizes in STAKE. Entries are due by August 20. If you are a designer, or know one, forward on the info to help elevate the xDai STAKE visual game!

Add your entry here: https://airtable.com/shrWqBjOHBzsdIdDI

https://twitter.com/xdaichain/status/1288519372571639808

📡 Token & Exchange News​

✅ Foundation and Advisor Token Releases: Foundation pledges 100% of token release until end of year to EasyStaking​

Tokens were released successfully for Advisors and Foundation as described in the token release schedule. There will now be daily emissions for Foundation and Advisors and circulating supply will adjust accordingly. You can view the current circulating supply at any time on CoinGecko or CoinMarketCap.

To support the protocol, the xDai Foundation announced that all token releases through the end of the year will be sent to EasyStaking!

https://twitter.com/xdaichain/status/1285349014322307073

✅ BitMax Stats Update​

Stake and stakers continue to increase in the BitMax pre-staking StakeVault program. As we approach the end of the current staking initiative on August 6, BitMax will inform users and stakers about staking options going forward.

🏢 Development​

✅ Unit Protocol​

Unit Protocol is a new decentralized borrowing protocol designed to provide a lot of flexibility for users. When it goes live, borrowers can use a wide range of coins and tokens as collateral for stable loans. In their whitepaper, the primary use case describes using $STAKE as an underlying collateral. We will follow the protocol as it develops.

https://twitter.com/xdaichain/status/1285676935587287042

✅ Reddit Bake-Off Preview​

We have been working hard on the Reddit Bake-off challenge. In this short video, we provide a sneak-peak of our load script as 1400 Claim transactions (simulating reddit users claiming MOON token distributions) are processed in less than 2 minutes.

https://youtu.be/Ot1BT1QjKNY

📡 Exchange News​

✅ 1K+ Stakers & 1M+ Staked in the BitMax pre-staking program​

https://twitter.com/xdaichain/status/1284180038812708865

✅ CoinMarketCap Listing Completed​

While xDai has been listed on CoinMarketCap for some time, several of the metrics were still defined as ‘?’. This week, all values were updated including Circulating Supply & Market Cap info.

:point_right: Follow xDai on CoinMarketCap here: https://coinmarketcap.com/currencies/xdai/

🏢 Development​

✅ xDai TokenBridge Guides​

The TokenBridge project has been releasing instructions and tools for devs building on xDai, including a guide to using the Arbitrary Message Bridge to transfer tokens between chains and monitor transactions. Interoperability is here, and now devs have a guidebook for deployment.

• Deploy Contracts for cross-chain token transfers (ERC20/677/827)
• UI for moving tokens cross-chain
• AMB Live Monitoring

✅ Uniswap v1 Fork on xDai​

A Uniswap fork has been added to xDai by the 1Hive team, and xMoons and HNY tokens are available to swap! We expect to see additional currencies added to this exchange soon on xDai. There are now 2 ways to exchange xMoons for xDai:

• Austin Griffith’s xMoon Exchange https://xmoon.exchange/
• Uniswap fork at https://uniswap.1hive.org/swap <link deprecated - honeyswap now available for Uniswap v2>

📰 Media​

✅ xMoon Videos​

To use some of the awesome DApps incorporating Reddit MOONs on xDai (xMOONs), you need to transfer them to the xDai chain. These videos show you how to 1) transfer from your Reddit Vault to MetaMask and 2) **** Move MOONs from the Rinkeby testnet to xDai. Once you have xMOONs, you can exchange them for xDai or even HNY using the uniswap fork deployed by 1Hive.

https://youtu.be/n5osHQxMaS0

https://youtu.be/6ULTLNHAwxE

✅ Sarafu local cryptocurrency article​

An excellent article long-form article delves into community currencies on xDai and how they are providing a lifeline for local villagers in Kenya.

https://restofworld.org/2020/kenya-sarafu-local-cryptocurrency/

📡 Exchange News​

✅ STAKE token listed on Poloniex​

You can now deposit STAKE and trade STAKE/USDT!

• Announcement: https://medium.com/poloniex/xdai-stake-is-now-available-on-poloniex-12b8a40d74bc
• STAKE/USDT pair: https://poloniex.com/exchange#usdt_stake

✅ BitMax pre-staking program reaches 1000+ participants​

Early adopters form the core membership of the 1K Stakers Club.

https://twitter.com/xdaichain/status/1281253024761962497

🏢 Development​

1Hive Community Currency HNY Deployed to xDai​

As a community currency, Honey (HNY) is used by the 1Hive community to support infrastructure and ongoing development. Additional tools including a proposal engine and exchange (Uniswap v1 fork) were added to xDai by the 1Hive team to support the token.

https://blog.1hive.org/honey/

xDai <-> Eth Arbitrary Message Bridge deployment guide​

Deployment instructions were released for contracts on the Ethereum to xDai Arbitrary Message Bridge. The guide provides step-by-step instructions for deploying contracts and creating bridgeable ERC20 (or ERC677/829) tokens. The scripts create an equivalent ERC677 on xDai, along with all the necessary functionality so that existing tokens on Ethereum can be bridged and used on xDai.

Use-cases for bridged tokens may include a DEX on xDai, or many other features that take advantage of low cost and high speed transactions.

https://twitter.com/_tokenbridge/status/1281341585918222338

📰 Media​

✅ xMoon.exchange receives mention in Week in Ethereum News​

Austin Griffith announced the xmoon exchange last week, where users can bridge Reddit MOON tokens to the xDai chain and exchange them for xDai. This week Week in Ethereum News added it to the Ecosystem links in the weekly newsletter. Week in Ethereum News is a highly respected enewsletter that covers trending topics and important developments in the Ethereum ecosystem and has a wide readership.

✅ Token Tuesdays Article Highlights xDai & STAKE​

Cooper Turley wrote an extensive article on the benefits of xDai

STAKE Me to the Moon: xDai Layer 2 Transactions.
Learn why xDai is quickly becoming a community-favorite scaling solution underpinned by a native token - STAKE.

You must be a subscriber to read, but it provides some great analysis and reasons why xDai is poised for user adoption as an L2 scaling solution.

https://tokentuesdays.substack.com/p/stake-me-to-the-moon-xdai-layer-2

📡 $STAKE & Exchange News​

✅ After 2 Months, 943K+ STAKE is pre-staked in BitMax StakeVault Program​

As we enter July, the pre-staking program is 2 months old and interest and participation continues to grow. Historical details and updates can be found on the Pre-Staking Program page.

July 2020​

Date	STAKE amount pre-staked
03.07.2020	943,095
02.07.2020	932,748
01.07.2020	920,186

✅ STAKE officially added to Balancer Pools​

While the STAKE Balancer pool has been active for several weeks, the token was still in pending mode as the Balancer team made sure it met criteria for inclusion (many tokens are denied a listing here). STAKE passed the test and is now officially added to Balancer.
https://pools.balancer.exchange/#/pool/0x834fb8276B4E8a24010e2108fDd7F8417C8922bD

👷‍♀️ Integrations & Development​

✅ KickBack X Deployment​

KickBack creates accountability for event participants. Every participant who RSVPs puts in a small deposit. If they attend, they receive the deposit back. If not, the deposit is forfeit and split among the remaining group members. With high fees on Ethereum, creating events and RSVPing is becoming costly. KickBack has deployed a version to xDai, along with some other new features.

https://medium.com/wearekickback/kickback-x-the-three-experimental-new-features-bb75e1149022

✅ BlockNative support​

Blocknative now supports xDai with advanced notification tools and an onboarding tool that devs can use for wallet integration.

https://www.xdaichain.com/for-developers/developer-resources/blocknative-notifications

✅ xMoon.Exchange MVDEX​

Austin Griffith has created a Minimal Viable Decentralized Exchange (MVDEX) on xDai for exchanging and trading Reddit MOON Tokens. The UI let users bridge Dai from Ethereum to xDai, and Moons from Rinkeby to xMoons on xDai. Here, users can trade xMoons for xDai and vice versa!

https://youtu.be/_ikHSyThDiA

📰 Media​

✅ Chico Crypto hypes xDai tech​

While this video centers on the Energy Web(EW) Chain, Chico talks about interoperability and the tools EW is leveraging, including the TokenBridge that sits at the heart of the xDai Chain. Many projects are finding the open-source tools developed and maintained by POA and xDai (specifically BlockScout & TokenBridge) vital to their specific use-cases.

https://youtu.be/KHeKo_7JYMk

📡 Exchange News​

✅ STAKE token listed on IDEX​

The community spoke 📣……we listened👂

• Easy-to-use trading interface

• On ramp for additional audience

• Exposure for STAKE & increased trading volume

• Ability to place limit orders as well as market orders

• Semi-decentralized, hybrid infrastructure composed of on-chain fund storage and settlement along with off-chain trade submission engine.

• Relatively low fees: **** 0.2% for the market taker and 0.1% for the market maker + gas fee

• New traders get instant verification with a name, birthdate and citizenship country for Tier 1 trading. This means unlimited trades and withdrawals of up to $5000 per day. \

• Announcement: https://blog.idex.io/all-posts/xdai-stake-now-available-idex

• Listing link: https://idex.market/eth/stake

• More on IDEX: https://coinmarketcap.com/exchanges/idex/

✅ Sowing xDai DeFi seeds​

We continue to add market liquidity through DeFi mechanisms. When public staking and Easy Staking starts, these seeds will bear fruit! Farming with sustainable levels of growth and predictable accumulation for stakers.

https://twitter.com/xdaichain/status/1276197926713167872

🏢 Development​

Gas Limit Increase​

Ethereum Mainnet miners increased the block gas limit from 10M to 12.5M gas/block (https://ethstats.net/). To maintain xDai smart contract compatibility with ETH, xDai validators are also increasing the gas limit. This will result in 20% gains in tx throughput when needed!

More info on upgrade: https://forum.poa.network/t/proposal-increase-block-gas-limit-from-10m-to-12-5m/3538

Nifty Wallet Update​

Nifty Wallet provides native support for the xDai chain. It's a great MetaMask alternative and offers additional functionality. The latest upgrade to 5.1.1 lets users import accounts with 24 word seed phrases, easily send max balances and more.

Nifty Wallet link: https://chrome.google.com/webstore/detail/nifty-wallet/jbdaocneiiinmjbjlgalhcelgbejmnid

📰 Media​

✅ BlockTalks Content Creation Challenge Winners​

Thanks to all who participated - 5 winners were announced and each received $50 USD worth of STAKE tokens.

https://t.me/xdaistable/37424

✅ Reddit Scaling Competition​

We couldn't pass up the opportunity to shine a spotlight on xDai scaling attributes and will compete in the Great Reddit Scaling Bake-Off! There will be some formidable teams, and we are ready to showcase the unique features of xDai and the benefits it brings to the ecosystem as a whole.

https://twitter.com/xdaichain/status/1276234204209086469

📡 Exchange News​

✅ STAKE token support on UniSwap​

STAKE liquidity pools have been available on UniSwap for a few weeks. Now STAKE is listed in the main dropdown menu, increasing exposure and signaling support and interest from the community.

https://twitter.com/xdaichain/status/1272633593299378176

✅ Liquidity pool added to Balancer​

Balancer is a decentralized token exchange and pool manager, and liquidity pools can be created with varying percentages of tokens (ie pools do not need to be split 50/50 like in Uniswap, but can contain different percentages like this pool which is 90% STAKE / 10% WETH). https://pools.balancer.exchange/#/pool/0x834fb8276B4E8a24010e2108fDd7F8417C8922bD

https://twitter.com/xdaichain/status/1272813917161611265

✅ CoinGecko adds additional Uniswap parameters, exchange listings.​

CoinGecko provides a list of available exchange platforms for STAKE. This week they updated the Trust Score and liquidity parameters for Uniswap, and updated the growing list of exchanges now listing STAKE.

https://www.coingecko.com/en/coins/xdai-stake

📰 Articles & Media​

✅ Reddit xMoons​

Eth developer Austin Griffith is working on new applications for xDai which will interact with Reddit Moons. Look for more development and xMoon news in the weeks ahead!

https://twitter.com/austingriffith/status/1273995079632293890

✅ STAKE vs MKR​

In this article we look at the similarities and differences between these two governance tokens that support the underlying protocol functionality.

https://twitter.com/xdaichain/status/1273703196393910274

✅ Submissions due June 20 for BlockTalks Content Creation Challenge​

Write an article to participate, then submit to the form below when you are finished.

https://forms.gle/mqTyzAQKChv7Rgto9

📰 Articles & Media​

✅ xDai vs Matic​

In this article we look at the similarities and differences between these two chains. Both offer scaling solutions and tradeoffs for users.

https://twitter.com/xdaichain/status/1270765682448359427

✅ Meta Transactions​

We released a technical explainer which highlights the importance of Meta Transactions and how they work the Burner Wallet link claiming functionality.

https://twitter.com/xdaichain/status/1271482262857678849

✅ StakingRewards.com​

xDai STAKE has been added to stakingrewards.com. The site offers a simple calculator you can use to approximate Monthly and Annual rewards once public staking begins. A calculator will also be incorporated into the Easy Staking application when it goes live.

https://www.stakingrewards.com/asset/xdai

✅ BlockTalks Content Creation Challenge​

BlockTalks content creation challenge is ongoing until 20 June. Write an article to participate, then submit to the form below when you are finished.

https://forms.gle/mqTyzAQKChv7Rgto9

🏢 Development​

✅ EasyStaking ongoing development​

We continue to refine our model for easy staking. This will provide a second staking option for users with STAKE on the Ethereum Mainnet and a way to incorporate staking into 3rd party applications. In addition, we are researching ways to provide STAKE rewards for Liquidity Pools on Uniswap and other advanced incentives. The EasyStaking UI is also undergoing improvements including:

• A simple and intuitive user interface
• Dynamic display continually updates your STAKE rewards
• Built-in staking calculator

:man_superhero: Community​

Social Engagement and Telegram followers continue to grow and engage with each other in meaningful dialogue. We'd like to thank our respectful and thoughtful community members who are eager to learn more about xDai and STAKE and bring about real-world crypto adoption.

• Telegram community has grown to 11K followers
• Since May the xDai Twitter following has increased by over 50%.
• BlockFolio Signal integration increases audience reach.

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