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Technical Roadmap

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Q4 2024: Alpha Testing

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For more details on how the PHT system forked MakerDAO's Multi Collateral DAI, please see see the audit section: Smart Contract Audits

The alpha testing stage includes the following activities;

  1. Initial fork and deployment of MakerDAO's Multi Collateral DAI

  2. In-house UI development

  3. Initial QA, testing and liquidity provision by team

  4. First audit by SlowMist

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Q1-Q2 2025: Beta Testing

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Initial beta testing rollout implements custodial collateral types based on MakerDAO's RWA vaults. This ensures that collateral is 100% safe from on chain security incidents, while the PHT system is in its' early stages.

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During this stage, custodial collateral types are transparently listed in wallets, so that all users, LPs or PHT holders may verify the collateral backing PHT. See Transparency page for more information.

The beta testing stage includes the following activities;

  1. PHT Minting and Redemption

  2. Custodial Collateral Types

  3. LayerZero integration for PHT cross chain bridging

Collateral Type
Description
Rationale

apcxUSDT

`apcxUSDT` represening custodial collateral reflects USDT backing of PHT in reserves

Initial beta testing rollout implements off chain collateral types forked from MakerDAO's RWA vaults. This ensures that collateral is 100% safe from on chain security incidents, while the PHT system is in its' early stages.

apcXUSDT

`apcxUSDC` represening custodial collateral reflects USDT backing of PHT in reserves

Initial beta testing rollout implements off chain collateral types forked from MakerDAO's RWA vaults. This ensures that collateral is 100% safe from on chain security incidents, while the PHT system is in its' early stages.

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Q2-Q3 2025: Preparation and Full Version 1 System Launch

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Version 1 System Launch entails all aspects of the PHT Multi Collateral System are live, including the permissionless stability mechanism and full on chain collateral with USDC and USDT.

This stage includes the following activities;

  1. Fully permissionless USDC and USDT collateral types

  2. Solidified operational security

    1. Established security council

    2. multiple audits

    3. Multiple collateral custodians for any custodial reserves

  3. Fully active stability mechanism to keep PHT price peg even if more volatile collateral types are used

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