Phase 2: User-defined Ponds & Operators

The second phase of ACYC will be where we build and launch the infrastructure for any users to create Ponds, contribute to them, and operate them.

Once the model for ACYC has been tested sufficiently in Phase 1 and proven to be sustainable, as well as having generated the revenue required to develop Phase 2, we will be able to develop and launch the infrastructure for any user to define a Pond and raise Contributions for it.

This second phase of ACYC's development marks the transition period into a fully decentralized infrastructure / fund. In this phase, any Trader/User of the protocol will be able to attempt to open a Pond with our approval. If approved, they will be able to define the purpose, goals, etc. of their Pond as outlined in Trader Ponds & Investment Strategies.

It is during this Phase as well that we will introduce staking $ACYC 2.0 as a requirement to contribute to a Pond. Users will have to purchase a % of the amount they want to contribute as $ACYC tokens, and stake them to that individual Pond. This will also eventually be how the Contributor has governance over the Pond in Phase 3

(eg. If you want to commit 5e to a trader Pond, you will have to purchase .5e of $ACYC and stake that to the Pond you are committing to) The protocol will operate in this phase for a sufficient duration to determine the sustainability and functionality of the infrastructure and provide the runway to proceed to the next phase of ACYC development - full decentralization and governance.