Title: [RFC] [Deploy Euler on XDC Network]
Author(s): [Ruslan Wing]
Submission Date: [08-02-2023]
(This is a pulse check with the Euler community to prioritize deploying Euler on XDC Network once the ongoing audit (supply caps and eMode) is done. Goal of the proposal is to choose XDC Network as the first expansion chain.)
(The XDC Network (formerly called XinFin Network) is an enterprise-grade, EVM-compatible blockchain equipped with interoperable smart contracts. A highly optimized, bespoke fork of Ethereum, the XDC Network reaches consensus through a delegated proof-of-stake (dPoS) mechanism, which allows for two-second transaction time, near zero gas fees, and over 2,000 transactions per second (TPS).While the consensus mechanism is proof-of-stake—and thus uses virtually no energy—validators have to perform a small proof-of-work (PoW) when proposing a new block, which makes the network highly resistant to spamming.
XDC Network is fully supporting the Euler community and its contributors on its vibrant journey and fully understands how challenging the development of a top project might be. Keeping up with the market requires intense work from the developers, management, and the community. If we add to these challenges new collaborations, there are numerous incentives to align and puzzle pieces to fit. Therefore XDC Network remains mindful of Euler’s development and plans, leaving open to Euler DAO and its community when a deployment on our chain would best fit their roadmap.
The greatest strength of XDC Network is its community and user base. XDC Network is the chain with the most active users, the transactions, and also the chain with the most unique active wallets. We believe that the chain’s greatest asset is this community.)
(The Euler deployment on XDC Network would be a full deployment of all Euler functionalities. It is up to DAO to propose which assets would be the first to be used in the lending market. We invite Euler governance to discuss this topic on this channel.)
(To ensure the success of Euler on XDC Network , XDC Network could carry out a series of initiatives and promotions. These initiatives range from joint promotion (once the minimum requirements for security and other parameters are met), AMA, and joint-twitter spaces to putting the Euler Labs team in contact with ecosystem partners. Any initiative that the Euler community believes can strengthen the position of the protocol in XDC is more than welcome to be discussed in the forum.)
(n this proposal, we have tried to present as clearly as possible what XDC Network value proposition is for Euler and how we believe that a collaboration between both projects could generate a more than positive impact on both ecosystems. . Even so, we remain at the disposal of the governance to discuss possible issues or proposals that may appear by kicking off this discussion. We hope this is the first step in a fruitful and long collaboration.)
(XDC Network Team has experience supporting and onboarding new projects into the ecosystem. As part of that process, the Euler team would have any necessary developer and marketing support to ensure a smooth and successful move.)
/Yes, in favour of the proposal
/No, against the proposal
/Modify the proposal