xDollar Weekly Summary #4

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 7/3–7/10.

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

xDollar is one month old! Thank you for your love and support. The platform has secured more than $10.24M TVL in dollars.

  1. xDollar has secured $5.64M Gross TVL with 5.48M MATIC locked, 400K XDO stacked and xUSD LP farms as of 7/3. An impressive 64% weekly growth in MATIC secured on the platform!
  • xDollar currently has 196 opened troves as of 7/10.
  • The system’s Total Collateral Ratio (TCR) is at 164.3%.

2. xDollar has locked $4.6M Gross TVL on our internal and external farming pools.

3. XDO token circulating is only about 600K emitted from the internal and external pools which are about 0.6% of the total token max cap of 100M.

Recent Announcements

  • Polygon Official Twitter Account and Community Alerts Twitter Account tweeted about xDollar last week.
  • Launched xUSD-USDC stablecoin farming pool with XDO rewards on our internal farm with 156% APR as of today.
  • Launched xDollar Liquidity Provider POAP with how to claim details here.

Items under the pipeline

  • xDollar is expected to launch POAP raffle next week for early supporters, frens of xDollar and early adopter POAP.
  • Sorry for the delay. xDollar is expected to airdrop early adopter POAP next week to eligible addresses that have opened the trove and maintained seven days and above.
  • Multiple reward farming pool is in the final deployment phase while xDollar dev finalizing XDO token’s cross-chain capability.
  • xDollar DAO snapshot is to be set up soon to enable first xIP and XDO holder voting right.
  • 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

#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

Learn more about xDollar and get involved in the community

Discord | Telegram | Twitter | Docs

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xDollar

xDollar

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First Cross Chain Interest-free Borrowing Platform based on Liquity protocol.