🗺️ Phased Launch (with objective gates)

Phase 1 — ARC First (Genesis)

• ARC mint on: α = 1.00 (USDT0-only) with small fee bands.

• Pool: ARC/USDT0 (Curve Stableswap-NG).

• Seed: FrogsVault POL (target $50–100k total depth).

• Rewards: FUSION emissions for ARC/USDT0 LP (MasterChef; ERC-20 LP).

• Aave: deposit a guarded portion of ARC’s USDT0 collateral; yield accrues.

• Boardroom: ON after ~48h — every epoch (6h) pays ARC (buybacks). (No LUX yet.)

Gate → Phase 2

• ARC/USDT0 POL ≥ $50–100k, and

• 30m TWAP deviation ≤ 20 bps, and/or

• 24h volume/TVL ≥ 8–12%.

---

Phase 2 — Governance & Price Discovery (FUSION)

• Pool: FUSION/XPL (Curve Crypto 2-coin), seed $20–50k.

• Rewards: FUSION emissions for FUSION/XPL LP (MasterChef).

• Boardroom: continues every epoch — ARC only (until LUX is live).

• Comms: launch peg dashboard (ARC deviation, α, Aave APY, epoch payout timer).

Gate → Phase 3

• FUSION/XPL POL ≥ $20–30k, and

• ARC/USDT0 peg within ±50 bps for 48h.

---

Phase 3 — LUX Expansion (Above-Peg Minting + Daily Rebase active)

• Pool: LUX/XPL (Curve Crypto 2-coin), seed $20–50k.

• Mint expansions (epochly): when TWAP(LUX/XPL) ≥ 0.99, mint LUX per epoch (cap ~1–1.5% of supply).

• Daily Rebase (1×/day): if TWAP is outside 0.98–1.18 XPL, apply up to +1% expansion / −2% contraction.

• Boardroom: every epoch now pays ARC + LUX (LUX only if ≥ 0.99).

• Rewards: add LUX/XPL LP to MasterChef.