Welcome to the Weekly Summary, a weekly series where we go over all of the highlights in the xDollar ecosystem. This issue covers the week of 7/11–7/18.
What is xDollar? xDollar is a decentralized cross-chain lending platform that allows anyone to draw 0% interest loans against $MATIC as collateral with 110% lowest collateral ratio on Polygon network. Learn more here.
Platform Overview
The platform has secured more than $4.84M TVL in dollars. XDO token circulating is only about 800K emitted from the internal and external pools which are about 0.9% of the total token max cap of 100M.
Recent Announcements
- Coingecko listed xUSD to its stablecoin category last week. You may view the list here.
- Promoted 50+ xAdopter discord role for those who opened trove for seven days in the first month of launching and 276 xDollar early adopter POAPs.
- xUSD can be used on PolyGhost Finance with a reduced deposit fee and reward multiplier. DYOR.
- xUSD can be used on Polytopia second-layered single staking farm with a 0% deposit fee and increased reward multipliers. DYOR.
- xDollar DAO snapshot is set up on snapshot to enable xIP and XDO holder voting right.
Items under the pipeline
- xDollar is going to launch POAP raffles on Wednesday for early supporters, frens of xDollar and early adopter POAP. If you haven’t enter these raffles, please do so by submitting your POAPs entries here (all three POAPs) and here (xDollar early adopter POAP only).
- Multiple reward farming pool is in the final launching phase and ready to take-off soon.
- xDollar v2 platform is under development with backend is done and auditing underway. The xDollar team is working on frontend integration and a whole new web interface for xDollar v2. Welcomes community discussion on which type of collateral is to be added on the community-suggestion discord channel.
Community growth
- Twitter: 2585 followers
- Discord: 1530 members
- Telegram Eng Group: 1100 members
#XDOers Call For Help
We are XDOers, a community-driven project and calling help from xCommunity. If you have great ideas, suggestions, and connections to help growing xDollar in following areas:
- Increase TVL of xDollar
- Increase use cases of xUSD
- Increase XDO token value
- Increase public awareness of xDollar
- Increase community growth
We would love to hear all from you. Here’s so far we have reached out with your love and support. In near future, we would launch an incentive-based system for xMembers who contribute to xDollar.
Suggestions — Send them on our Discord partnership channel
Community Contribution
- 币圈老韭菜 made a detailed overview of xDollar and demo on app go-through in Mandarin on his Youtube Channel.
- Cryptology made an introduction to xDollar on his Youtube Channel.
xUSD-MATIC & xUSD-Dfyn Farming Tutorial Video
xUSD-USDC Farming Tutorial Video - Leifu contributed to develop a data analytics and visualization of xDollar platform hosted on Dune analytics here.
Learn more about xDollar and get involved in the community
