Offshift to Deploy XFT on Binance Smart Chain following DAO Community Vote

Offshift is pleased to announce that, following the voting results of our inaugural proposal of the Offshift Community DAO, we will be deploying XFT to Binance Smart Chain (BSC) in May.

XFT Deployment Proposal

In order to expand access to our token and provide traders with a low-cost alternative to the Ethereum network’s rising gas fees, we proposed deploying XFT to one additional, EVM-compatible blockchain. Here’s what our community had to say:

Offshift Launches DAO, Announces First Proposal for XFT Cross-Chain Deployment

XFT Tokenholders can vote now on expansion to FTM or BSC.

Offshift is pleased to announce that the Offshift Community DAO is now live!

Going forward, Offshift will be using our DAO to involve our community in strategic decisions, so that the development of our PriFi platform advances in the direction that best reflects the interests of our community.

The Offshift Community DAO supports flexible voting procedures to cater to a variety of different proposals, and XFT acts as a governance token that community members can use to weigh in on strategic decisions.

Sushiswap LP Rewards: Month 2

Another 10,000 XFT Coming to Stakers for Month 2.

We would like to thank everyone in our community that has participated in the opening month of Offshift’s Sushiwap LP Rewards Program, which will culminate on Saturday, April 17.

Our first month of staking has been a resounding success, as our first-of-its-kind dual-liquidity mining contract has distributed both SUSHI and XFT to stakers without a single bug or malfunction reported.

Offshift Open-Sources Code on Decentralized Git

Together with Zokyo we will be publishing biweekly zkAsset development updates for the community.

Last week we announced a partnership with blockchain studio Zokyo for the long term development of truly private and decentralized zkAssets .

When we went to publish our research together, we realized that it felt odd to publish the content on a centralized, closed-source platform like Github, which has been owned and operated by Microsoft since its acquisition three years ago.

Offshift & Zokyo Partner on Confidential Token Development

Strategic partners lay out roadmap for PriFi solution

Today we want to recognize that, previously, we had planned to utilize Aztec Protocol’s on-chain privacy solution to launch our mainnet in April. When we initially set out to develop our private derivatives protocol, we planned to use the existing work published by Aztec Protocol in EIP-1724 , which outlines a confidential token standard on Ethereum.

Offshift SushiSwap Dual-Liquidity Mining Goes Live

Stake Your SLP Tokens Now to Earn Rewards in XFT and SUSHI.

After polishing and fine-tuning our staking platform, we are excited to open our Sushiswap LP Rewards Program to the public. The rewards program officially launches today, March 19, 2021, and will culminate March 19, 2022.

In addition to the 80,000 XFT which will be distributed in staking rewards over the course of the year — including 10,000 XFT in the opening month — users will also be eligible to receive SUSHI rewards, as per Offshift’s recent acceptance into the Sushiswap Onsen rewards program.