# Roadmap

## Development Phases

| Phase  | Milestones        | Key Deliverables                                     | Status         |
| ------ | ----------------- | ---------------------------------------------------- | -------------- |
| **M0** | Paimon Prime      | Prime Vault, Two-Channel Redemption, NAV Calculation | ✅ Implemented  |
| **M1** | Launchpad         | Asset Onboarding, Hard Gate Review, Soft Scoring     | 🚧 In Progress |
| **M2** | DEX Launch        | PP/USDC Trading Pair, Liquidity Incentives           | Planned        |
| **M3** | Tranche Launch    | sPP/jPP Tiering, Epoch Settlement                    | Planned        |
| **M4** | Mining Launch     | jPP Gauge, esPAIMON Emission                         | Planned        |
| **M5** | Governance Launch | vePAIMON, Voting System, Protocol Fee Sharing        | Planned        |
| **M6** | Full Cycle        | Protection Band Automation, Plugin System            | Planned        |
| **M7** | Evolution         | v4 Hooks, Compliance Gating, Cross-chain Expansion   | Planned        |

## Phase Details

### M0: Paimon Prime ✅

**Objective**: Launch the core asset management infrastructure

**Deliverables**:

* Prime Vault (ERC-4626) smart contracts
* Two-channel redemption mechanism (T+0, T+7) with approval workflow
* NAV calculation via AssetController
* Redemption Voucher (ERC-721) for delayed settlements
* Basic UI for deposit/redemption

**Success Criteria**:

* Contracts audited
* Test deployment successful
* Documentation complete

***

### M1: Launchpad 🚧

**Objective**: Enable compliant asset onboarding to Prime Vault

**Deliverables**:

* Hard Gate Review system (custody, audit, disclosure requirements)
* Soft Scoring mechanism for risk assessment
* Asset metadata and disclosure portal
* Issuer onboarding workflow

**Success Criteria**:

* First asset successfully onboarded
* Review process documented
* Disclosure standards published

***

### M2: DEX Launch

**Objective**: Enable secondary market trading for PP

**Deliverables**:

* PP/USDC liquidity pool deployment
* Initial liquidity provision
* Trading interface integration
* Basic LP incentives

**Success Criteria**:

* Minimum $1M initial liquidity
* Stable trading operations
* TWAP oracle functioning

***

### M3: Tranche Launch

**Objective**: Introduce yield stratification products

**Deliverables**:

* Tranche Vault contracts (sPP/jPP)
* Epoch settlement mechanism
* Priority repayment logic
* Junior ratio constraints

**Success Criteria**:

* Correct yield distribution
* Proper priority handling
* Risk controls active

***

### M4: Mining Launch

**Objective**: Activate token emission and staking incentives

**Deliverables**:

* jPP Gauge deployment
* esPAIMON emission system
* Vesting tier selection
* Boost mechanism

**Success Criteria**:

* Emission tracking accurate
* Vesting working correctly
* Boost calculations verified

***

### M5: Governance Launch

**Objective**: Enable decentralized governance

**Deliverables**:

* vePAIMON locking mechanism
* Gauge voting system
* Protocol fee distribution
* Proposal framework

**Success Criteria**:

* Voting power correctly calculated
* Fee distribution accurate
* Governance UI functional

***

### M6: Full Cycle

**Objective**: Complete the protocol ecosystem

**Deliverables**:

* Protection Band automation (TWAP monitoring, auto-pause)
* Plugin system for delegates
* External incentive (Nitro) support
* Advanced analytics dashboard

**Success Criteria**:

* Protection Band triggers working
* Plugins deployed
* Nitro incentives distributed

***

### M7: Evolution

**Objective**: Implement advanced features and expand capabilities

**Deliverables**:

* Uniswap v4 hooks integration
* Compliance gating options
* Lending layer exploration
* Cross-chain expansion

**Success Criteria**:

* Hooks deployed and tested
* Compliance framework documented
* Expansion strategy defined

***

## Timeline Visualization

```
        M0       M1       M2       M3       M4       M5       M6       M7
        │        │        │        │        │        │        │        │
        ▼        ▼        ▼        ▼        ▼        ▼        ▼        ▼
┌────────────────────────────────────────────────────────────────────────────┐
│                                                                            │
│  Prime  │ Launch │  DEX   │Tranche │ Mining │  Gov   │  Full  │  Evol    │
│  Vault  │  pad   │ Launch │ Launch │ Launch │ Launch │ Cycle  │  ution   │
│   ✅    │   🚧   │        │        │        │        │        │          │
│                                                                            │
└────────────────────────────────────────────────────────────────────────────┘
        │        │        │        │        │        │        │        │
      Core    Asset   Secondary  Yield   Token   Decen-   Eco-   Advanced
      Infra   Onboard  Market    Split  Emission tralize  system Features
```

## Dependencies

```
M0 (Paimon Prime) ✅
    │
    └──► M1 (Launchpad) 🚧
              │
              ├──────────────► M2 (DEX Launch)
              │                    │
              │                    ▼
              └──────────────► M3 (Tranche Launch)
                                   │
                                   ▼
                              M4 (Mining Launch)
                                   │
                                   ▼
                              M5 (Governance Launch)
                                   │
                                   ▼
                              M6 (Full Cycle)
                                   │
                                   ▼
                              M7 (Evolution)
```

## Risk Factors

| Phase | Key Risks                    | Mitigation                             |
| ----- | ---------------------------- | -------------------------------------- |
| M0    | Smart contract bugs          | Multiple audits, bug bounty            |
| M1    | Asset quality issues         | Strict hard gate criteria              |
| M2    | Insufficient liquidity       | Incentive programs, LP incentives      |
| M3    | Incorrect yield calculation  | Extensive testing, formal verification |
| M4    | Token price volatility       | Gradual emission, vesting tiers        |
| M5    | Low governance participation | Incentive alignment, education         |
| M6    | Protection Band manipulation | Strict monitoring, penalty system      |
| M7    | Regulatory changes           | Flexible compliance framework          |

## Success Metrics by Phase

| Phase | Primary Metric       | Target             |
| ----- | -------------------- | ------------------ |
| M0    | TVL                  | $10M               |
| M1    | Assets Onboarded     | 3 qualified assets |
| M2    | Daily Volume         | $1M                |
| M3    | Tranche Utilization  | 50% of PP          |
| M4    | Staking Rate         | 30% of jPP         |
| M5    | Voting Participation | 20% of vePAIMON    |
| M6    | Plugin Count         | 5 active plugins   |
| M7    | v4 Hook Adoption     | 3 custom hooks     |