We are thrilled to share our roadmap and give you an update on what we’ve been working on. As you may have noticed, Stacks is gaining renewed interest as a smart contract layer for Bitcoin, and we want to take advantage of this momentum to deliver the best experience to our users.
Our top priority is integrating the Stacks 2.1 hard fork into the Arkadiko Vault architecture. This will enhance the usability of Arkadiko Vaults, which allow users to mint USDA with assets like xBTC and STX. By using STX to mint USDA, users can keep the yield received from PoX on their STX while accessing new liquidity in the form of USDA. With continuous stacking in 2.1, there will be no loss of PoX yield, making Arkadiko Vaults a superior and competitive way to stack your Stacks. Both Arkadiko Vaults and solo-stacking will be equivalent in the amount of rewards received, while Arkadiko Vaults offer the additional benefit of USDA liquidity.
Our second objective is to relaunch the StableSwap. We recently launched a pilot version, but it had some imperfections and could not fulfill its purpose due to liquidity conditions and lack of infrastructure. However, with the upcoming launch of ALEX’s bridge, which enables USDC to xUSD conversions, we believe we have a good shot at bootstrapping a healthy liquidity pool that can stand the test of time. The past week we’ve seen healthy developments in terms of USDA keeping its peg and this gives us renewed confidence to build a deep stableswap pool.
Our developers have also created the first MPC oracle set-up on Stacks, which improves the security of the protocol. MPC stands for Multi Party Computation, in this context, a fancy term for a multisignature set-up where multiple independent network nodes agree on the system state before submitting it to the oracle smart contract. Like always, when infrastructure is lacking, we develop our own.
Another item up the pipeline is a tokenomic upgrade. We won’t dive into this here as it still needs to pass community review, but we will communicate about it in a separate post and have plenty of discussions on Discord. The goal is to reduce selling pressure of DIKO by introducing some form of reward vesting. Look forward to this being an item of conversation in a few weeks.
We invite you to discuss these matters further in the appropriate Discord channels. We love an ongoing debate as it strengthens our community and increases participants’ understanding of the protocol and its possibilities.
Thank you for your continued support, and we look forward to keep on delivering in 2023.
The Arkadiko Team