- What is DXdao all about?
- What products does DXdao currently own or operate?
- What revenues does DXdao have?
- How does the DXdao come to own and operate these protocols, products, or services?
- How did the Bonding curve work?
- Who makes up DXdao?
- How does one earn Reputation (“REP”) in DXdao?
- How does decision making happen in the DXdao?
- What is the difference between DXD and Reputation (“REP”)?
- How do I get involved?
The best place to learn about DXdao is to check out the DXdao Manifesto.
DXdao’s current suite of products include:
Omen – A fully decentralized multi-chain prediction market platform.
Swapr – A multi-chain AMM with a suite of unique features including LP governance, DIY farming, and much more.
Mesa – A fair auction IDO launchpad.
DXdao currently has two main paths of earning revenue, the first is directly from its products and the second is deals that DXdao makes with other entities. DXdao is preparing to earn protocol fees directly from each of its products. Contributors are actively exploring profit distribution methods following the pause of the bonding curve including buyback-and-burn, dividends, and more.
DXdao has both built and been gifted products. DXdao has products running on permissionless protocols deployed onto Ethereum and xDai, and is targeting additional chains in the future.
DXdao has voted to pause the bonding curve, preventing additional minting and limiting the supply to 148,976 DXD.
You can dive into the details of how the Continuous Token Offering (CTO) worked here.
DXdao is made up of stakeholders, otherwise known as “reputation holders”. Your proportion of the dao’s reputation determines your voting weight. This reputation is owned by Ethereum addresses that collectively control the set of smart contracts that is the DXdao, and the projects it administers. Some DXdao members assert themselves as the owners of certain addresses, other address owners are anonymous.
One can earn Reputation in DXdao by contributing to DXdao itself. This is done by a proposal which is put to a vote. For example: currently, a full-time contributor requests 0.1667% of reputation (to their Ethereum address) for work completed. DXdao members can then cast on-chain votes weighted by reputation. If the proposal passes, the new member is automatically granted reputation. You can learn more at the REP section.
DXdao reputation holders vote on proposals on-chain, using DAOstack’s Alchemy interface and holographic consensus. This means some proposals can pass by a relative majority, and other times an absolute majority is needed. This depends on the type of proposal, and if the proposal is boosted by reaching a specific staking threshold. In general, though, the DXdao coalesces around ideas and achieves rough consensus via off-chain, less formal methods, such as weekly calls, discussion forums, chat groups, etc. All of these are open to the public.
Looking to learn more? Read more about DXdao Governance.
DXD is the economic token of the DXdao. It is a transferable ERC20 token which grants its holders a share of the revenue of DXdao, as well as certain privileges or premier services on DXdao-owned products.
Reputation (“REP”) is the governance mechanism that controls the DXdao. It is non-transferrable and holders have a right - and implicit duty - to govern and direct the collective.
DXD and reputation holders need not overlap, but it is likely some part of each stakeholder group will hold both to more tightly couple their interests. As holding DXD is the more passive path - and the one tied to economic success - it will likely be the more widely owned stake in the system.