Phase 3: Full Decentralization

The last Phase of ACYC's growth will focus on building and releasing the infrastructure required for the protocol to exist in a fully decentralized manner, with the $ACYC token used for governance.

This phase of ACYC marks the realization of our vision for it - a fully decentralized protocol with $ACYC at the center that can be used by Traders and market participants to bootstrap capital, elect/remove Operators, and share in the rewards of the ecosystem without any need for a centralized entity controlling it.

Phase 3 of ACYC will be the release of full governance for the protocol, with $ACYC token at the center of it all. At this stage, $ACYC will be used to elect/remove Operators, for voting on protocol-level decisions, and for all other things requiring governance.

Users will be able to stake their $ACYC tokens to either the Protocol, and/or individual trader Ponds, to have governance over the protocol and receive distributions from deposits and returns through all Ponds.

In Phase 3, any trader will be able to open their own Pond, subject to the approval of $ACYC Stakers. The holders will also have the infrastructure to remove Pond Operators and force Pond closure if something happens, like an Operator becoming inactive.

At this point, ACYC will have many varying Ponds, all with different Operators, return goals, asset classes under management, etc. It will be a fully-realized decentralized fund that allows Users to allocate funds to the traders and assets that they want to have exposure to, without having to trade those markets themselves as individuals.

With a multitude of available Ponds and Operators, ACYC as a protocol will have extreme resiliency, funding for operative costs, and a huge total AUM. Regardless of individual Operator performance, the scale of the network and the system for governance will be such that there should be no single points of failure.