A brief roadmap now that the first C.o.R.E. has concluded.
Summary (tl;dr) Timeline (Subject to Change):
- October 12th: Stats from C.o.R.E. Shared
- October 13th: GitBook (first iteration) Release
- Week of October 18th: tFXS, tALCX, tTCR, tOHM, and tSUSHI pools go live for LP deposits
- Week of November 1: C.o.R.E.2. Vote for next batch of Reactors goes live
- Mid-November: Liquidity Direction goes live (vote to exchanges, LD TOKE per Reactor staking)
- Late November / Early December: Liquidity begins being flowed to exchanges
C.o.R.E. Stats
C.o.R.E. was absolutely thrilling. We have some fun stats that we’re planning on sharing early next week, so stay tuned.
GitBook
We’re nearly ready to release our first iteration of our Gitbook, which should explain mechanics of the protocol’s liquidity deployment and guardrails more in depth. Bear in mind, we’ll be updating elements of these docs over time as the website UI progresses, new mechanics are introduced, and new audits are released. We‘re looking to release the GitBook Wednesday, October 13th, so be on the look out via our social channels. We’ll also add a direct link to tokemak.xyz.
Post-C.o.R.E. DAO Discourse and Securing Reserves
The first five Reactor candidates have been chosen by TOKE holders: Frax (FXS), Alchemix (ALCX), TracerDAO (TCR), OlympusDAO (OHM), and Sushi (SUSHI). Discussions with these DAOs will now commence in order to secure a PCA reserve of their respective tokens, by swapping for TOKE (allowing the DAO to become a Liquidity Director themselves). These reserves are utilized in the underlying mechanics of Tokemak’s liquidity deployment, which will be detailed in our upcoming GitBook release.
The process of securing these reserves will require DAO governance on their side, and we’ll keep everyone updated on that progress. The TOKE utilized for these first reserve swaps comes from the TOKE reserve set aside for C.o.R.E. — eventually the governance for TOKE treasury swapping will be incorporated in the TOKE holder voting process though future C.o.R.E.(s).
We anticipate these conversations and proposals to take two (or more) weeks, although the initial conversations with these DAOs/projects have been positive, and some have already floated proposals to their respective communities.
Initial Pools (Pre-Liquidity Deployment)
As the website evolves, the Genesis Pools, of course, will remain active in perpetuity.
The Sushi and Uni LP pools will also remain active and incentivized for a considerable amount of time until a TOKE “metareactor,” TOKE LP + TOKE LD, is created (this is further down the line).
The single asset TOKE staking pool will also remain until the TOKE staking side of the Reactors opens.
On October 18th, we‘ll first open Liquidity Provider (single asset) deposits for FXS, ALCX, TCR, OHM, and SUSHI for users to begin earning yield. These pools will be incentivized, however there will be an initial period before liquidity deployment goes live.
C.o.R.E.2.
If your preferred Reactor didn’t reach the top five during the first C.o.R.E., fear not. Once we activate the first batch of Reactors, we’re going to move quickly to conduct another C.o.R.E. event to get the next batch on deck. Provided everything goes according to plan, we’re looking to run C.o.R.E.2. on November 1st.
Incentive to remain staked: If you keep your TOKE, Sushi LP, or Uni LP staked as they are in the current pools, when C.o.R.E.2. begins you will receive a bonus voting purse equivalent to the purse you had at the end of the first C.o.R.E. We’re still finalizing the exact details of this, but the hope is that this will give an edge to those that nearly made the top five Reactors in the next round.
Active Liquidity Deployment Phase
We’re aiming to have active liquidity deployment flowing into exchanges by late November, early December. The smart contracts are still being finalized as well as audited, and we want to be sure they’re bulletproof before we begin deploying capital. We’ll be sure to keep everyone up to date about the progress and estimated date for pushing this live.
The Future
We’re looking forward to the coming weeks/months as we reveal more of what’s in store, and approach the launch of Tokemak’s liquidity deployment. There’s so much more to be discussed and new possibilities are revealing themselves everyday. We’re also working hard on special surprises for DeGenesis and C.o.R.E. participants, so stay tuned, Pilots. Remember, DeFi isn’t just the future of finance, it’s integral to the future of the Metaverse as well.
Discord: https://discord.com/invite/Z5f92tfzh4
Website: https://www.tokemak.xyz/
Medium: https://medium.com/tokemak
Twitter: https://twitter.com/tokenreactor
