A fund designed to support sustainable, long-term growth of the xDai chain
Roadmaps will be updated due to the Gnosis merge. Look for a new roadmap related to the Gnosis Beacon Chain and other exciting developments coming in 2022.
xDai STAKE Ecosystem fund unlocks began March 31, 2021. This is an important fund designed to support the further development, expansion, and adoption of xDai and STAKE. As such, funds will be used in a number of ways.
Here we offer some initial use cases for the fund. We will continue to expand this page, adding additional uses and use-cases as they arise. If you have an idea for usage that aligns with xDai values (long-term growth, neutral ecosystem expansion, security and support, and sustainable project development) please feel free to propose in our forum.
400,000+ STAKE to support multiple bounties. Paid as needed.
We plan to initiate additional high-value bounties for EasyStaking, POSDAO and other applications with available STAKE ecosystem funds. More here
xDai Grants Program
43,000 STAKE Wave 1. Paid on approval.
The xDai Grants Program will begin to support projects requiring funds for development, adoption, use-case support or other features. A form for wave 1 applicants will be available when the program begins. More info
STAKE Multi-Chain Staking
While initially implemented on the xDai chain, STAKE is designed for use on additional networks for staking and other utilities. This initiative will increase STAKE usage and demand as additional networks are able to utilize STAKE for security. Details and amounts TBD.
Increase STAKE Liquidity on DEX / CEX Platforms
When providing liquidity to DEXs in the ecosystem it is necessary to provide 2 different assets. To prevent the sale of STAKE to acquire these assets, we will leverage protocols such as Unit Protocol and MakerDAO to lock in STAKE and acquire additional collateral to support liquidity. Any positions we open will be with a high collateral to debt ratio to prevent unexpected liquidation and unnecessary risk.
10,000 STAKE for Huobi listing liquidity support. Sent in 2 transactions April 20, 2021.
Community members can suggest usage for funds by creating a proposal and a linked snapshot where users can vote on proposed usage of the funds. This acts a signaling mechanism for the community and what innovations they would like to see on xDai. More on the Decentralized Community Governance Process.
Community member support. A community member sent a large amount of STAKE accidentally to an unrecoverable address. They were able to prove their identity and mistake and the community voted to support this member, while the member pledged to burn 30% of the amount received to benefit STAKE holders.
Community supported rebranding effort. Raidguild branding proposal was widely supported by the community and funded from the xDai side. Project ongoing with no definitive timeline in place. Updates can be followed on the forum post.