🎯 Target: Q4 2019 ✅Status: Ramp integration completed 2020. Includes support for 40+ countries, additional integrations and US support will continue to be explored
In order to offer options for users, xDai should be available for direct purchase. Prior to a fiat gateway, the primary method for users to get xDai is to get Dai first and relay it to xDai via the xDai Bridge. The process can be complicated and time-consuming due when Ethereum is congested.
The xDai team is working with payment processing companies to enable one or several Fiat to xDai onramps.
🎯 Target Date: Q4 2019 ✅Status: Complete. Summary: https://forum.poa.network/t/migration-of-the-xdai-tokenbridge-completed/3212
🎯 Target Date: Q1 2020 ✅Status: Completed 03/31/2020
The new version of the bridge contract supports usage of the Dai Savings Rate contract through the Chai token to earn the interest for tokens deposited on the bridge balance. Dai locked in the bridge contract is converted to Chai, an interest earning form of Dai. The interest accumulated from the locked Chai during a staking epoch will be used as an additional incentive for stakers in Phase 2 of the consensus upgrade.
🎯 Target Date: Q1-Q2 2020 ✅Status: Completed 04/01/2020
xDai will upgrade to a Proof of Stake model in several phases. In the first phase, the current validators will receive xDai-based STAKE tokens and to protect the chain. These validators will remain in place to assist in the transition to phase 2.
For more information on this transition, see the staking roadmap.
🎯 Target Date: Q3 2020 ✅ Status: Completed 08/05/2020
Easy Staking provides an alternative interest-earning application for STAKE token holders. Users can deposit STAKE tokens deployed on the Ethereum mainnet and earn a pre-determined interest rate without bridging to xDai and with no minimum STAKE amount requirements. Rewards are split among Liquidity Providers and protocol stakers.
Easy Staking serves to reduce the overall amount of STAKE in active circulation and acts as a mechanism to limit available liquidity and supply. Limited supply in the open market increases security for POSDAO chains such as the xDai stable chain.
🎯 Target Date: Q3 2020 ✅ Status: Security Audits Completed 11/6/2020
Universal mediators will support transfers for virtually any ERC20 token to the xDai chain with no additional contract deployment. This lowers the barrier-to-entry for projects and DApps looking to move tokens to xDai and take advantage of low-fee, high-speed transactions. Users will be able to automatically create equivalent tokens on xDai ready for immediate usage. Learn more here: https://docs.tokenbridge.net/eth-xdai-amb-bridge/multi-token-extension
🎯 Target Date: Q3 2020 ✅ Status: Completed for both sides of the bridge 10/23/2020.
Bridge management should be expanded to additional community representatives. These individuals will use a Gnosis Safe to manage bridge operations. A majority must sign to approve operations including:
Bridge contracts upgrades
Extending the set of bridge validators
Updating bridge parameters like number of block confirmations, transactions limits, bridge fees etc.
🎯 Target Date: Q2 2021 ✅Status: Completed Q4 2020.
To increase decentralization and enable a permissionless consensus process, the broader community will have the opportunity to participate as validators and/or delegators in the consensus process.