What is DXDao?
DXDao is a sovereign collective developed by Daostack and Gnosis.
It develops, governs, and grows DeFi protocols and products.
How the DXDao works
Built on the DAOstack framework it uses the GEN token and non-transferable reputation to scale decision-making.
Reputation is earned through
- Contributing to the DAO in some way.
- Locking tokens connected to the ecosystem.
Reputation is used for voting on proposals.
Governance discussions take place on
Current protocols governed by the DXDao
Omen – Prediction market
Mesa – DEX built on DutchX protocol
The DXD token
DXD token uses a continuous organization model also known as bonding curve. This gives DXD holders access to future cash flows of the dxDAO.
- DXD bonded to ETH.
- 10% reserve.
- Linear slope.
Initial DXD distribution and bonding curve thread.
Discussion on distribution of voting rights for DXD holders here.
More on bonding curves.
The DXD token is used for
- A bet on the future cash flows of the DXDao.
- Voteing (when gas fees are not too high).
Docs
Token issuance
Total supply: 141,396 DXD
DAO Reserve
100,000 DXD Tokens will be issued to the dxDAO – 2775 DXD vested each month for 3 years
What’s the story?
- A fully decentralized DAO
- DAOs are the next big thing
DXD price
