roadmap Plan for USTC Repeg – Proposed Development Workflow

1. Implement Oracle Price Feed for USTC

o Goal: Develop and integrate a real-time price feed for USTC into the Oracle module or new one , similar to LUNC's system.

o Action: Upgrade the Oracle system to handle USTC and test accuracy.

o Output: Reliable price feed for USTC in test environments.

2. Create Staking Mechanism for USTC

o Goal: Develop a staking system for USTC without governance functions.

o Action:

 Enable staking for USTC holders.

 Test reward logic and mechanisms for validator incentives to run USTC price feeders.

o Output: Functional USTC staking module.

3. Establish Oracle Rewards Pool for USTC

o Goal: Set up an empty Oracle Pool for USTC rewards allocation.

o Action:

 Create the pool.

 Await community decisions on filling it (e.g., from dead contracts, OP, or new tokens).

o Output: Empty USTC Oracle Pool, ready for configuration.

4. Prepare Market Module for Testing

o Goal: Reactivate the Market Module safely.(on testnet)

o Action:

 Identify dependencies (e.g., swap systems, wallets).

 Shift the Market Module’s reference from SDR to USTC real-time price.

o Output: Market Module updated for testnet deployment.

5. Redesign Market Module’s Liquidity Pools

o Goal: Transition from uni-pool to multi-conditional dynamic pools.

o Action:

 Set limits on initial pools (e.g., 1000 USTC).

 Implement conditional logic for opening larger pools.

o Output: Multi-conditional pool system implemented on testnet.

6. Develop and Simulate Conditional Pool Dynamics

o Goal: Test the dynamic pool system’s performance and safety.

o Action:

 Use testnets to simulate conditions (e.g., pool scaling, recovery periods).

 Refine base pool sizes, pool caps, and recovery time.

o Output: Tested and optimized conditional pool model.

7. Simulate CEX Behavior and OTC Scenarios on Testnet

o Goal: Assess market impacts using simulated exchanges.

o Action:

 Create a CEX-like simulation on testnet to test Market Module.

 Test buyback and OTC mechanisms for peg stabilization.

o Output: Results of market simulations and risk analysis.

8. Present Results and Iterate

o Goal: Share findings with the community and refine based on feedback.

o Action: Develop iterative proposals for each major step.

o Output: Separate governance proposals for community voting and adoption.

________________________________________

Key Notes for Team

• Each phase can be modularized into standalone governance proposals to ensure clarity and approval.

• Dead contracts and wallets must be identified and frozen for potential funding sources.

• Burn tax exclusion from swaps should remain for abuse prevention.

• Community-driven feedback will determine the source of USTC staking rewards.