DXdao

What is DXdao?

DXdao is a decentralized autonomous organization (DAO) established in May 2019. It focuses on developing, governing, and expanding decentralized finance (DeFi) products. With a highly scalable collective, DXdao is committed to fostering growth within the DeFi ecosystem.

Decentralization guides DXdao’s operations and development. All strategic and budget decisions undergo on-chain voting, ensuring collective decision-making without a central authority.

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Recent Video Interview

Main points of the interview:

• DXdao is a decentralized collective focusing on DeFi protocols, including a decentralized exchange and a prediction market platform.
• DXdao operates on Ethereum, Arbitrum, and xDai, balancing cost and scalability.
• Founded in 2019 by Gnosis and DAOstack, DXdao initially struggled but gained traction with a successful 2020 token sale.
• DXdao's unique approach to governance and compensation.
• Focus on transparent, decentralized decision-making and the innovative "Carrot" incentives system.

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DXdao Products

• Swapr: A governance-enabled automated-market maker with adjustable fees.
• DAVI: Governance 2.0 platform tailored for DAOs, featuring reputation, token voting, and holographic consensus.
• Carrot: Provides users with permissionless access to create community-driven programmable incentives.
• Omen: A fully decentralized prediction market platform built on the Gnosis conditional token framework.
• Aqua: Transparent token auction platform for fair price discovery (coming soon).
• The First Super-Scalable Collective

Decentralization is the cornerstone of DXdao’s philosophy. By eliminating reliance on central operators, DXdao ensures fair access to public infrastructure for all participants. Its products and governance are permissionless and decentralized, attracting an organic community that fosters resiliency.

On-chain, Transparent Governance

DXdao conducts governance openly on-chain. Its treasury, payments to contributors, product updates, and signal proposals are all managed through on-chain mechanisms. Calls are recorded, and discussions primarily take place in public forums.

DXvote is DXdao's governance DApp, facilitating on-chain voting and proposal management. Built to maximize decentralization, DXvote replaces centralized interfaces, providing greater control and flexibility over governance processes. Anyone can make proposals, and staking DXD/GEN tokens helps prioritize proposals.

A Home for Builders

As an internet-native organization, DXdao attracts contributors from diverse backgrounds across the globe. It offers decentralized tools and funding opportunities, enabling entrepreneurs to engage without the constraints of traditional organizations.

DXD Token Utility

DXD is DXdao's native ERC20 token, offering holders future access to services, premium features, and a share of fees from DXdao's decentralized applications. While DXD holders currently lack direct on-chain voting power over treasury decisions, DXdao is transitioning to a governance model that grants equal voting rights to both DXD and REP holders.

DXventures

DXventures is an internal investment fund within DXdao, aimed at identifying and investing in projects addressing decentralized organization pain points. It serves as a formal program to collaborate, incubate, and partner with entrepreneurs and projects. DXventures diversifies DXdao's treasury holdings and contributes to the growth of Mesa and Swapr by supporting promising projects.

Partners

DXdao partners with Arbitrum, Gnosis, Loopring, Opolis, Status, Agave, DAO Stack, and Gnosis Chain.

Similar Assets

Some similar assets to DXdao are Badger, BarnBridge, PowerPool Concentrated Voting Power, Kyber Networ, Aavegotchi, Compound, Curve DAO...

Project Development

Swapr Beta V19 was launched by the DXdao team with a focus on enhancing user experience and providing access to the best trades in a safe and convenient environment. One significant addition was the integration of 1inch in the Eco Router, offering users access to multiple liquidity sources across six major networks. This integration aimed to provide some of the most profitable trades in the DeFi space while ensuring a decentralized and secure experience for users.

Additionally, the support for 0x was extended to include Arbitrum, Optimism, and BNB chain, allowing for lower slippage through smart order routing. Beta 19 also introduced updates to Limit Orders, making them accessible from the Pro Trading View and setting the default limit order price to 1% of the current market prices based on valuable feedback received from users. This release was well-received, offering significant value to traders and demonstrating the team's commitment to continuous improvement.

DXdao Price Analysis

As of November 24 2024 DXdao has a marketcap of $1.4M. This is {{percentagefromath}} from its all time high of $1.69668K. In terms of its tokenomics, there's a total supply of 23K with 100% currently outstanding. Keep in mind DXdao has a fully diluted value of $1.4M which many investors might interpret as overvalued.

Of course, don’t trust price predictions alone, always check the Coinrotator token screener to follow the trending market.