Bootstrap

Bootstrapping Roadmap:

  • Seigniorage Bootstrap: In this first phase it is crucial for the protocol to start with a 100% Seigniorage's CR, complete backing and solvency guarantees. A Private Round or Public Liquidity Event will eventually allow fundraising for this stage. Minting and Redemptions will happen through the Seigniorage process, protocol is free of any debt (PUC=0).

  • POL Deployment: Creation of the first pool of liquidity on Curve.fi. (Deployment of the first AMO and Δ Neutral strategies on Perp.fi tbd, eventual profit routing to the RR).

  • Money Market Bootstrap: At release, the lending activity in the Money Market can be incentivized by very convenient DCR's and LTV scores, made possible by the lack of any debt of the protocol. Routing of the IR profits to the RR.

  • Equity Public Sale: Release of the tokenomics and launch of the equity token through a LBP (Liquidity Bootstrapping Pool) on Copper. Allocation of the sale's proceeds to the RR.

  • First Decollateralization phase: As the Money Market TVL grows, future cash flow is guaranteed in the form of ePOC. Proportionally to RR + ePOC growth, the protocol can then start it's first Decollateralization Phase, gradually increasing PUC and allowing minting through the equity token to take place.

  • Liquidity Mining Program: Release of the incentive's program for both borrowers and LPs

  • Unliquidatable Loans and LL Tranches rollout: Sticky Liquidity collection and incentivization.

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