Below is a proposal to send 50 ETH to the ETH relayer contract which facilitates the transfer to the Dev Multi-sig as outlined below, converted to WETH and bridged over to xDai as well as sending 400k Dai directly to the Dev Multi-sig. These funds will all be deposited into xDXdao base for worker payments.
This proposal suggests bridging the following funds from Mainnet to Gnosis Chain:
- 400k Dai to be bridged (split 50/50 xDai and wxDai)
- 50 ETH to be converted to WETH and bridged
The proceeds are intended to replenish xDXdao base and facilitate xDai base operations such as worker proposals.
This proposal sends 50 ETH and 400k Dai to the xDXdao base. The ETH will be sent to the ETH relayer contract, identified as,
0xb9C11a239CEb03626b439dDeD95AC51ffe000795 , which will relay the ETH to the dev multi-sig address, identified as
0x5f239a6671bc6d2baef6d7cd892296e678810882 whose signatories have been verified as REP holders.
Transfer of these funds relies on the dev multi-sig and the ETH relayer. By the time this proposal passes, the ETH relayer will have been tested using previous proposals. xDai also presents risks because security is dependent on its limited validator set. Additionally, cross-chain bridges are still new and not battle-tested.