H2O Roadmap V2
A clear view of the future of H2O v2.
The H2O team has released a new roadmap that outlines its plans for the next year, including major developments such as psdnOCEAN, second and third liquid staking wrappers, multi-collateralization of $H2O, H2O swap, and data-backed $H2O. Get ready!
psdnOCEAN: veOcean Liquid Staking Wrapper
As mentioned in our previous documentation, psdnOCEAN will be the first liquid staking wrapper for veOCEAN. $OCEAN token holders can lock their tokens using the psdnOCEAN contract, which will in turn lock $OCEAN in veOCEAN for the maximum lock period. psdnOcean stakers hereby gain access to a share of the revenue of the veOcean locked by psdnOCEAN and revenue generated through allocation of veOcean in Data Farming.
PSDN holders get the ability to vote-lock their tokens (vlPSDN) in order to vote on how veOcean locked through psdnOCEAN is allocated within Data Farming. This also includes the option to delegate their voting power similar to Votium. This new feature gives $PSDN stakers (vlPSDN) the ability to directly influence how the protocol earns revenue from the marketplace.
The team plans to launch psdnOCEAN between the third and fourth quarter of 2022.
Multicollateral H2O v2
The implementation of liquid wrappers allows the protocol to scale horizontally, beyond Ocean Market. By 2023, H2O plans to be a multi-collateralized asset. This means that new liquid wrappers will be introduced throughout 2023 and open the possibility for users to mint $H2O using other tokens than psdnOcean. It is anticipated that this transition could be modeled after the transition made by MkrDAO from sDAI to (multi asset) DAI, performed back in April 2020.
H2O Swap
Depending on the state of the data economy by the end of 2023, H2O would like to take yet another bold step and introduce H2O swap, where users are able to interact with datafi by using data-nfts.
More details are on liquid staking and H2O Swap coming soon, stay tuned!
Data-backed $H2O
In the next months, the team will carefully observe how the data economy unfolds to be able to make the right decisions. Still, H2O’s main goal is to become backed by tokenized data in the near future as it positions itself as the dominant unit of account and means of exchange for the data economy. All these plans will pave the way for the protocol to achieve this end goal.
