Hey everyone!

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Welcome to Weekly Update 70. In this Weekly Update, we’ll be adding learning resources focused on DAO’s. For development, we’ll go into routing feedback and fee management of services. Let’s dig in!

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Raiden and dxDAO

A DAO (Decentralized autonomous organization) is an organization represented by rules encoded as a computer program (usually on a blockchain) that is transparent, controlled by the stakeholders and, in the best case, not influenced by central governance. Since there should be no central authority controlling the DAO, all important decisions are put directly to the stakeholders. The idea is that: the bigger one’s stake in the DAO, the more that person will be more prone to making decisions beneficial to that DAO.

dxDAO is a DAO created with the aim of governing DutchX trading protocol. Voting power in dxDAO can be earned by staking crypto assets available on the DutchX trading protocol. Last week, RDN was whitelisted on the DutchX which means it is now possible to earn voting power in dxDAO by staking RDN. After the Vote Staking Period, a staker will be awarded Reputation proportionally according to the total amount of locked tokens.

Successful decentralized governance of the De-Fi (decentralized finance) applications will be a very important part of the future in th De-Fi ecosystem and it will be very exciting to see dxDAO’s take on this challenge. If you would like to learn more about the dxDAO, you can find information in the official introduction, Github and dxDAo twitter. While Eric Conner took a more technical deep dive in his great twitter thread.

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Development progress

During the last week, the development team focused on making further progress towards reaching Ithaca development milestone.

In the auxiliary services repository progress towards implementing flexible mediation fees for the pathfinding service and the route feedback has been made, an optional feature for users which can be disabled for greater privacy (more info on route feedback here). These features will respectively offer users improved fee management, increase the success rate of finding suitable route inside the channel network and opt-out if they’re privacy-focused.

The part of the dev team that primarily focuses on the Raiden client took on a group of minor optimizations, reviewing and clearing the backlog of pull requests ready for review and initial implementation of a couple of bigger features related to the stability of the Raiden client.

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Conclusion

To finish up today's Weekly Update episode, a number of Raiden Network developments with the Raiden Services being improved along with the Client, more regularly tried with the scenario player templates. For any U.K. Raiden goers out there, the Raiden team will be at CogX on the State-of-the-Art in Scaling Solutions panel next Monday (10th) at 12:30 pm. Also, the workshop Understand & use Raiden will take place later that evening. As always, thanks for reading and anyone contributing, see you again next week.

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Cheers!