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DXdao passes on-chain a multi-phase 'Restructuring and Refocus' proposal to cut budgets and upgrade its operating structure in response to the 2022 bear-market downturn.
The signal proposal for DXdao's token buyback program passes on xDai and mainnet, aligning the interests of REP holders and DXD holders through treasury-funded buybacks.
DXdao passes a proposal setting the minimum ETH investment to a maximum value, halting DXD minting and making DXD a fixed-supply token of 148,976 total.
DXdao governance passes the 'Governance 2.0' framework, combining reputation (REP) and token (DXD) governance into a single voting power equation and giving DXD holders on-chain governance rights for the first time.
After initial REP distribution, DXdao REP holders vote to launch a bonding curve that mints the native DXD token in exchange for ETH held in the DAO's treasury, constituting its fundraise of record.
DXdao is launched on Ethereum Mainnet through a collaborative effort of the teams at Gnosis and DAOstack; Reputation (REP) holders govern the DAO and REP is non-transferable.