Development Roadmap
Future Developments and Milestones
Q1: Development of Caga Network, Bridge with EVM, and Staking
CAGA Network Development:
Implementation based on EVM and Proof of Authority (POA) algorithm.
Development of a smart contract-based bridging mechanism for interoperability with EVM-compatible networks.
Token Transfer Mechanism:
Seamless transfer of tokens like USDT from EVM networks to CAGA and vice versa.
Process includes locking/minting and burning/unlocking of tokens for cross-network transfers.
Network Compatibility and Use Cases:
Full Ethereum compatibility for asset movement.
Use cases include trading Ethereum-based tokens, liquidity pools, and margin trading.
Q1-Q2: Development of DEX (Decentralized Exchange)
Smart Contract Architecture:
Secure and efficient contracts for trade, liquidity management, and DeFi operations.
Utilization of the CAGA-EVM Bridge for asset transfer and conversion.
Customizable Liquidity Pools and Security:
User-defined liquidity pool parameters.
Implementation of continuous smart contract audits and real-time monitoring systems.
DEX Features:
Decentralized governance system facilitating community-driven evolution of the platform, ensuring that decisions and updates reflect the needs and preferences of its users.
Staking, yield farming, and support for various token standards.
Advanced analytics dashboard and AMM algorithm.
Scalable infrastructure and cross-chain compatibility.
Comprehensive staking and yield farming options, with unique support for various token standards including liquid staking tokens like rUSDT or stUSDT. Notably, these tokens continue to generate yield even when pooled, addressing the common issue in platforms like Uniswap where rebasing tokens, when pooled, do not accrue rewards.
Q2-Q3: Development of Multichain Wallet
Network Support and Functionality:
Compatibility with CAGA and all EVM networks.
Features for coin transfer and standard wallet functionalities.
User Interface and Technical Specifications:
Portfolio management dashboard with P/L tracking and overview.
Mobile and web extension compatibility with a consistent user experience.
Integration with CAGA and EVM networks for extended functionalities.
Security and Performance:
Advanced encryption and security protocols.
Performance optimization for responsiveness and minimal latency.
Future Development Phases (Beyond Q3):
Settlement Logic Implementation:
Introduction of a 'Settlement' or 'Pay on Behalf' option in the wallet. This user-friendly feature allows users to cover the network transaction fees (commonly known as 'gas fees') using CAGA tokens, regardless of the type of token being transferred. This simplifies transactions by enabling users to pay fees with CAGA instead of needing the specific network token, making the process more straightforward and accessible for everyone.
Continuous Network and Feature Expansion:
Currently focusing on ongoing integration with networks compatible with Ethereum Virtual Machine (EVM). However, plans are in place to extend this integration to include a variety of other network types in the future, broadening the scope beyond just EVM-compatible networks. This approach aims to enhance connectivity and interoperability across a diverse range of blockchain networks.
Further development of wallet and DEX features based on user feedback and market trends.
Enhanced Interoperability and User Experience:
Focus on improving cross-network interoperability and user interface enhancements.
Community Engagement and Governance Evolution:
Increasing community involvement in governance decisions.
Regular updates based on community proposals and voting.
This roadmap outlines a progressive development strategy for the CAGA network, with a focus on interoperability, security, and user-centric features, laying a foundation for a robust and versatile blockchain ecosystem.
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