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Development

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:

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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.

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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.

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Offshift Testnet Guide | Moonbase Alpha

Simple Shifts Between Two ERC20 Assets on Substrate via Moonbeam. As we announced today , Offshift is expanding our ecosystem onto Substrate via Moonbeam. Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that allows developers to deploy existing Solidity smart contracts and DApp frontends to Substrate with minimal changes. To perform a shift on Moonbeam’s TestNet, Moonbase Alpha, we’ll be using MetaMask , so once you have the MetaMask browser extension installed, you’re ready to begin.

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Offshift Testnet Guide | Phase Two

Price-Pegged Shifts Between Two ERC20 Assets on Ethereum Using Chainlink’s Oracles With Offshift’s oracle announcement today — <strong>Offshift Taps Chainlink to Provide Oracle Feeds for Its zkAsset Private Pegs</strong><br> Offshift&rsquo;s Public Testnet Phase Two Is Now Live With Chainlink Oracles Integration — we’re pleased to also announce that phase two of our public testnet — price-pegged shifts between two ERC20 assets using Chainlink’s oracles — is now live.

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Development

XFT Token Reserves Now Locked

Team Tokens and Project Funding Have Been Time-Locked On Chain Offshift developers today deployed four timeLock smart contracts and deposited the XFT tokens reserved for marketing & ecosystem, development, team, and staking to their new addresses. The contracts hold the tokens in numbered lockBoxes, which unlock according to the vesting schedule in the Offshift whitepaper and pitch deck . The contract code is available for review on the Etherscan pages below, and the lock boxes can be queried under the “Read Contract” tab to return their balance and the timestamp of their release.