xDollar Weekly Summary #3
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 6/26–7/2.
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.
- xDollar has secured $4.27M Gross TVL with 3.33M MATIC locked, 400K XDO stacked and xUSD LP farms as of 7/3. A steady 30% weekly growth.
- xDollar currently has 168 opened troves as of 7/2.
- The system’s Total Collateral Ratio (TCR) is at 180.0%.
- Launched xUSD-DFYN farming pool on DFYN’s dual farms with 430% APR as of today.
- Launched xPartner Series POAP with how to claim details here.
- xDollar early adopter POAP is for those who opened a trove by depositing MATIC to our xDollar platform and borrow xUSD & maintaining the trove for more than 7 days. This POAP is time-senstive, limited in number, and exclusive for future XDO airdrop based on everyone’s contribution to xDollar.
Items under the pipeline
- xDollar is expected to launch xUSD-USDC incentized farming pool next week.
- Multiple reward farming pool is in the final testing phase from our incubator — MCN Ventures.
- xDollar v2 platform which includes more collateral than MATIC is under dev and welcomes community discussion on which type of collateral is to be added on the community-suggestion discord channel.
- Twitter: 2326 followers (24 % weekly growth)
- Discord: 1440 members (44% weekly growth)
- Telegram Eng Group: 1076 members (35% weekly growth)
#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
- 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.
Learn more about xDollar and get involved in the community