Hi xDai bridge validators,
Due to growing popularity of the xDai bridge, we are proposing to increase the daily limit of funds that can be depositted to the bridge from the Ethereum Mainnet to the xDai chain. The current limit is 100’000 Dai, the new suggested value is 10’000’000 Dai.
Usually the change of the limit in one direction is required two transaction: one on the Mainnet side and another is on the xDai side. Since we have high demand to transfer Dai at this moment (more than 140’000 Dai were sent to the bridge and 40’000 of them is above the currect limit) and bearing in the mind that most of deposits are being made through ordinary transfer method, we suggest to change the value on the xDai side only so far. The corresponding changes for the Ethereum Mainnet will be proposed for execution later – as so everyone can choose a proper time for confirmation of the changes with the lower gas fees.
If you agree to change the limit for deposits on the xDai side to 10’000’000 Dai please perform the following:
- Import your xDai bridge validator private key to the MetaMask or NiftyWallet.
- Visit the multisig wallet contract in the BlockScout.
- Enter to the field next to the method
confirmTransactionthe transaction ID
- Press the “Write” button.
- In the MM/NW section change the gas to 500’000 and confirm the transaction.
If you have any question or issues appeared during the described steps, write a note below this forum post. As soon as you send a transaction with confirmation, reply to this message.