Right now Ethereum gas is extremely high and the xDAI migration is still many weeks away at the current pace.
There is the possibility of us accelerating the xDAI deploy in a “test in production capacity”.
This means we would deploy the Bao farming contract to xDAI with:
- Fewer pools to start, and add more over time.
- Minor adjustments to account for the different block times on xDAI.
- No 1:1 swap for the $BAO.cx to $BAO being ready.
- No timelock for the first week (just like we did on main net incase fast adjustments are needed).
- Incomplete testing.
That deploy could happen as early as late next week or the week after if we choose to approve it.
During this time we’d have the xDAI farms have their regular planned rewards but we would not reduce the rewards on Ethereum until the pre-planned date of March 1st.
This would have significant risk if we choose to pursue it and for the first few weeks, users should only consider migrating non-essential funds (AKA funds they predict they would lose 100% of if there was an error)
I am posting this in concepts to see how many users are interested in this accelerated timeline to deal with gas, given the downside and risks it will hold.
Update: I am glad to see that for the most part users agree we should keep the March 1st date. I’ll continue to let this discussion develop and see if sentiment changes but early indication is that we’re all on the same page of not moving up the timeline.