Stage 2
Foundations.
Summary.
Provide the means to enter and exit 3's ecosystem. This solution must provide sufficient foundation from which to build 3's utility base and advanced product offerings.
Requirements.
Entry. Enable user access from two perspectives:
To satisfy a users own individual needs and
To participate in protocol governance or make use of protocol specific offerings: products, services and or utilities.
Transition. Construct internal mechanisms which lead to an exit-able state.
Exit. Establish a preliminary means to exit the ecosystem with scope to upgrade or remain as a support mechanism for the purpose of exiting.
Deliverables.
Entry.
Users are able to participate independently by depositing assets into Compound or Liquid deposit pools (CDPs and LDPs). The difference in pool type resides in how rewards earned are utilised within the Compound Engine.
Users may sell assets to the GuildSwaps FARM to acquire protocol native tokens. The transaction yields two assets: a pledge backed currency, designed to be anti-fragile (no backing at inception, it accrues backing as its utility matures. Includes a hard coded pledge to ensure checks and balances persist), and an asset accrual vehicle, also designed to be 3's principle governance token.
Transition.
Signals allow users to direct reward flow without moving principle deposits. This enables diversification or concentration within the available CDPs. It also forms the foundation for 3NFTs.
3NFTs allow users to amend the Compound Engine's directive. Minting 3NFTs pivots the Compound Engine's activity (for a defined position) from compounding to liquidations (all rewards are consolidated to stables as a means for users to access/derive a cashflow option within their individual portfolios).
Assets sold to the protocol are deposited into CDPs to grow the protocol held asset base.
Protocol held CDP positions may be minted into 3NFTs; establishing the protocols revenue from which it may begin settling any debt wishing to exit the ecosystem.
Exit.
Settlement v1 allows Creditors to stake the native token accounting for asset purchases and exit at the pledged fixed rate of 1:1 with the protocols designated stable (currently crvUSD).
Deliverable list.
Audits.
Stage 2 deliverables were first audited by: Trust Security Report date: October 7th 2024. Audit report.
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