ShapeShift to Decentralize Entire CompanyLoading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
Loading...
What does this mean?
The former ShapeShiftAG organization made the first official documented transition from an existing traditional corporate organization to a DAO. To assist in these efforts one of the largest airdrops up to this point in crypto was rolled out over 1 million plus addresses, and a structured process of dissolving the existing corporate structure began. With the official documented start date of July 14, 2021 ShapeShift set out to attempt something new and innovative in the business world.
What is a DAO and how does that affect ShapeShift operations - A DAO is a "decentralize autonomous organization". You can learn more about DAO's, the history, and their future in this Cointelegraph guide.
Decentralization - provides the possibility to allow a larger community to steer the direction of our suite of products and services and contribute to our future success, while helping to better ensure that content and ability aren't censored, or limited to a select few.
Learn about our DAO's specific structure here.
This is ShapeShift's governance token. It is an ERC20 token. ERC20 tokens are a second layer protocol on the Ethereum blockchain. All ERC20 tokens require ETH to send them across the Ethereum blockchain.
This is when you provide equal amounts of FOX and ETH to the UniSwap v2 FOX-ETH Liquidity pool. This gives that liquidity pool depth and lowers the price impact of swaps.
When you provide liquidity, UniSwap sends you back a FOX-ETH LP tokens. Think of these as a coat check ticket that you give back to UniSwap when you want to remove your liquidity.
FOX Staking:
This is when you send your FOX-ETH LP Tokens to the FOX Staking Contract so you can earn additional FOX Token rewards.
FOX Farming:
After you stake your FOX-ETH LP Tokens in the FOX Staking Contract, the FOX Token Rewards you earn is also know as Farming or Yield Farming.
Yieldies:
A Yieldy is an ERC20 rebasing token that is redeemable 1:1 with the underlying ERC20 asset.
Additional content arriving soon!
Below is the list of sites and forums you will want access to in order to be apart of DAO proposals, voting, conversation and community! We highly recommend joining the Discord channel, but you can also get in touch in other ways. Each site/forum holds a unique purpose for interacting with the ShapeShift DAO.
Discord - The DAO chat tool. For all DAO related discussions - Proposals, governance, workstream discussions, news, learning tools, light support, and all other DAO / crypto related things: https://discord.gg/shapeshift
The Forum (Discourse) - This is where proposals are first submitted to the community for official discussion and feedback. You can also learn about the governance process, ShapeShift's current mission and goals, and connect with other like-minded service providers. https://forum.shapeshift.com/
Boardroom - Once a proposal meets the criteria to advance for a more formal vote, it starts in the boardroom where FOX Token holders can start voting. The "Ideation" section is where you'll find early stage to developing proposals. The voting style in the Boardroom is much like an upvote (you can also comment) and helps show the greater DAO community what proposals are rising in interest. This will eventually replace The Forum (discourse) once activity between here and the forum reach parity or the consolidation is voted on. https://app.boardroom.info/shapeshift/overview
Snapshot - This is where the final, formal voting happens on all proposals. You can check out the first DAO proposal EVER on the ShapeShift DAO to get familiar.ShapeShift Snapshothttps://snapshot.org/#/shapeshiftdao.eth****
Notion - Our proposed documentation tool for all things ShapeShift DAO. This, as is most of the ShapeShift DAO's ecosystem, is up to community members' votes. Notion will host articles for technical support as well as developer documentation around all things ShapeShift functionality. https://www.notion.so/shapeshift/DAO-Overview-ddb5e62867fe4cfc9b5aaee3e22ebc89****
Mobile App - The best place for ShapeShift Native wallet users to manage their liquidity and farming positions. You can also send, receive, trade, view asset info and earn FOX benefits directly from the app. Just remember - this app is non-custodial. Safely store your password and 12 word recovery sentence. If lost, your wallet can not be recovered.
Resources, guidelines, and assets for the creative!
Introducing ShapeShift's brand evolution - a clean, modern design system that pays homage to ShapeShift’s brand legacy.
As a company, we are evolving. We’re adapting to our surroundings, we’re disrupting and challenging the world around us, and pushing forward into a new frontier. For ShapeShift, our brand refresh is a homecoming. In other words, it’s about bringing us back — to ourselves. To ground us in what is true, and give us clarity and confidence in moving forward from here.
Get Involved
Part of being a Decentralized Global organization is providing the ability to empower our community to become involved and continue to offer valued contributions to the organization. This can be provided in a few different ways and can include different forms and levels of involvement.
In our DAO the ways to become a community member can be as simple as owning our governance token FOX or joining our Discord server. Becoming a contributor within the community has a few more options and opportunities depending on interests and community needs.
Be the change that you are looking for, have an idea? Check out our governance process and learn how you can formulate that idea into a community discussion and develop a proposal that can be voted on by the FOX holders.
Do you have the capability, experience, and knowledge to learn our published open code base and contribute? We are an open source project always keeping our eyes toward innovation, building toward common goals and developing great ideas.
A great way to introduce yourself, work within your comfort levels, and learn more about the ShapeSift DAO.
An outline of the governance process with ShapeShift's Fox Token
ShapeShift uses the Fox Token as its governance token.
A graphic description of different steps now that ShapeShift is a DAO (Decentralized Autonomous Organization), this is how decisions are made and prioritized. This is done through a decentralized governance model. Along with the many other benefits of holding FOX, (http://shapeshift.com/fox/benefits) FOX represents voting power for the DAO. Every FOX token gets one vote for any proposal that is being decided on. Now every FOX holder can help shape the future of ShapeShift!
You can read more about the FOX governance model at http://shapeshift.com/fox/governance.
Articles about our organization, platform, and operations
Thank you for being a part of ShapeShift.
This sections most frequently used quick links are listed below, all of the sections articles can be searched or found in the left column. Navigation to the next and previous articles is also provided at the bottom of each page.
A free open source platform to trade, track, buy, and earn. We are building a Community-owned, Private, Non-custodial and Multi-chain resource. Check it out https://app.shapeshift.com/
ShapeShift is a DAO find out more:
If you're familiar with the crypto world you probably have heard of a "DEX". But what does DEX actually mean? DEX is short for decentralized exchange. DEXs allow you to trade your tokens directly peer-to-peer (p2p) without a middleman.
The process of executing a trade is completely autonomous and does not require any personal info or verification. You read that last part right; no more entering your email or other personal information before you can execute certain trades on ShapeShift.
When you execute a trade with ShapeShift, you will see a field titled "Rate". Below your rate you will see whether or not 0x or THORChain was used for the swap.
Depending on the token pair you select, the trade will be completed through THORChain* or 0x* (more DEX aggregators coming soon). This allows our users to have access to trading over 1,000 different crypto assets!
ShapeShift has integrated THORChain, which provides the ability for cross-chain swaps! This includes BTC, LTC, and DOGECOIN. Essentially this means you can swap non ERC20 tokens via DEX. *0x is a DEX aggregator that enables the p2p exchange of assets on the Ethereum blockchain.
*THORChain was founded in 2018 and solves the problem of cross-chain trading by building efficient, bi-directional bridges between blockchains at the protocol level in a permissionless, non-custodial manner.
1. No KYC
2. No more needing to trust the exchange to hold your funds before executing the trade. You control your private keys, always!
3. Lots of tokens! Virtually any token can be traded as long as there is available liquidity.
1. Liquidity. DEXs are rapidly gaining popularity but if the pair you are trading has low liquidity, it may not be available.
2. Fees. If the network is congested, you're more likely to encounter higher miner fees.
3. Failed orders must be validated on-chain, which can be costly.
Slippage is neither a pro or con, but important nonetheless. Since market prices are constantly changing, your trade rate is likely to fluctuate. For example, by the time blocks confirm and your trade executes, the price in ETH may have gone up in price. This happens in the stock market as well as the crypto market. ShapeShift allows you to set the maximum amount of slippage for any trade you initiate. Simply select the highest percentage you will allow to account for market slippage.
Every order (as well as alteration and cancellation) is written to the blockchain. If the parameters are not met your trade will fail and the funds will be reverted to your wallet. Keep in mind that the miner fee that was initially paid is not returned in the case of a failed trade. The higher the miner fee and slippage % you set the less likely your trade is to fail. Since DEX's are decentralized this means no more contacting customer support and having to wait for a refund- as refunds should automatically process!
More information on DEXes can be found here.
See the current CEX/DEX listings here
The DAO values and understands that talent is widespread, and having the flexibility to choose one's determined task can create the ability to establish trust and value within a global community. Offering the ability to tap into this globalized talent pool through an organic and growing bounty process presents opportunity and capability for resources to be utilized within the needs of both the community and the contributors willing to share determined ability to build together.
The DAO has different workstreams that can and frequently offer bounty work when available. We are continuing to build our resources and working on common documentation that will further detail work expectations as well as effective process flow.
For engineers, feel free to join Dework here: https://app.dework.xyz/shapeshift-dao
or our Discordchannel here: https://discord.com/channels/554694662431178782/892882353200963617
To check on a specific workstream bounty board, check these links below:
https://app.dework.xyz/shapeshift-dao/shapeshift-bounties
https://app.dework.xyz/shapeshift-dao/product-bounties
https://app.dework.xyz/shapeshift-dao/keepkey-bounties/view/board-l5090jno
It is important that you read our Terms of Service before using ShapeShift.