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37 lines
2.3 KiB
Markdown
37 lines
2.3 KiB
Markdown
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🛣️ Roadmap
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The way forward and why.
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Stablecoin adoption isn't easy. People want liquidity before committing their funds to a particular asset, even a stablecoin. It needs to be available for exchange on the platforms the users frequent. It's a classic chicken and egg conundrum. We plan to tackle this in stages.
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Given the DeFi ecosystem moves at breakneck pace, we have come up with milestones to achieve instead of a rigid roadmap. This allows us flexibility and room to experiment with the trends that are prevalent and provide the best value for the users of the protocol.
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Short term: To provide a trusted and stable index that allows users to hedge risk and generate yield
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*Aim:* To iterate and achieve the right product market fit and having a small but loyal bunch of users. We aim to generate reasonable yield from our peak integrations (underlying DeFi protocols) and also our Liquidity Mining program.
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Medium term: DUSD Becoming synonymous with stable assets and the stablecoin of choice for DeFi
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*Aim:* To be integrated with the leading DeFi protocols & subsequently being used as a building block for on chain applications looking to have a stable asset component
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Long term: Be used for broader applications outside of DeFi and to onboard users to digital assets
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*Aim:* become the medium of exchange for digital assets and wrt adoption in retail: what Terra is currently to Korea but on a global scale.
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In the short span that DefiDollar has been live since Aug 27,2020, A lot has happened with respect to development and iteration of the protocol:
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- Launched with the sUSD pool & DUSD staking
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- Launched a fork on Swerve --- Swervy swDUSD to test yPool integration
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- Introduced the yUSD integration while deprecating the sUSD peak & DUSD staking
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- Conducted the ILMO - to distribute the token to the community
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Currently the team is actively working towards:
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- Reinstating an improved and robust Staking mechanism
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- Building a sUSD/DAI peak to provide a peak with only decentralized stablecoins
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- Governance and stability modules
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This has been in line with our development goals that are to achieve product market fit and implementing early user feedback before taking the protocol ahead. Here is a Dashboard to track some of the key metrics of the DefiDollar Protocol: <https://explore.duneanalytics.com/dashboard/defidollar>
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