Project Nexus Regency, a proposal for a superior stablecoin independent of the USD.
- Inquiry for onboarding additional support for team building.
- Community open panel discussion with founder
- draft for documentation an allocation of funds to Anchor protocol in onboarding DEV
Name: Project Nexus Regency
Scope: Building a dedicated blockchain hosting a novel stablecoin that will be utilized for built in payment systems for self perpetuating funding in use of physical infrastructure and development of employment for said infrastructure.
Hospitals, roads, emergency services, commercial/residential living infrastructure, social programs, salaries for said systems for employment and other various unprofitable and profitable systems.
Link to previous [DAO Discussion]: N/a
Objective: Bring profitability to social and economic programs to the development of physical, economic infrastructure and programs affiliated with spurring economic activity in founding a true decentralized autonomous government.
Primary beneficiary - seed investors and bond holders.
High Level Overview: Develop a blockchain that utilizes the strongest characteristics of existing technology while implementing a novel method of a perpetuating self funding DAO for said systems.
Low Level Details: Leveraging validator systems for layer 1 networks using a novel concept in supplying a perpetual means of permanent funding for backing the new stablecoin.
Business and/or technical requirements of the implementation of the proposal:
Identifying individuals who have an expertise in learning or currently building on the Cosmos SDK along with subject matter experts in civil engineering, economic development, and commercializing social programs.
Project Nexus Regency is a blockchain that aims to act as a standalone stablecoin issuer independent of the USD.
This will allow the blockchain to act as the sole facilitator of minting and issuing a novel stable asset that will predictably trace a linier value of purchasing power (PP) that is designed to trend in increasing PP over time.
The method of adoption is intrinsically built into the minting process in the form of economic incentive as salaries for the workforce that builds the economy developed by the Nexus Regency DAO.
Partnerships with global enterprises that meet the needs of building economic infrastructure will act as the initial drivers for facilitating economic adoption.
The following example of business proposal will show mapping of the trace of funds to begin in one form of fiat or digital assets into the Nexus Regency DAO.
Draft is in Pre-Alpha and all terms, names and abbreviations to label identifiers are subject to change as progress is made.
Nexus Regency DAO = DAO
DAO asset - DA
DAO Dollar - DD
Purchasing Power- PP
Defi index Router - DIR
L1 Defi Index router - L1DIR
L1 Index router - L1IR
Isolation Port - IP
Dividends - DIV
Genessis Seed - Gseed
Concept of Nexus Regency as stated earlier, is taking the best of certain components of existing blockchain technology and incorporating a modularity methodology of construction.
DAO assets will mirror Terra Luna and UST minting and burning mechanisms as a means of forming the DA.
The DA will Soley be responsible for minting the DD int he form of bonding permanent assets to the blockchain.
The DA will be minting and burning in similar fasion as LUNA and UST, however in order for minting to occur, permanent validator income will be established from the supporting L1 Networks that will comprise of the backing value of the DA network.
Incentive to seed investor (singular source of collective effort)
Income exposure to suitable Layer 1 networks with zero risk with guaranteed income from DA, fiat, digital assets and physical real estate, commercial economic profit sharing.
Income is permanently compounding via automated redelegation.
Bonded contracts are subject to lockup periods in order to mature bonds into self-sustaining income drivers for replacing the requirement of new liquidity, as needed.
None of which will be leveraged in collateral backed contracts.
DIVs can be rebonded into DAO assests as direct DIVs
Layer 1 index - L1DX
Is the income driver as an all in one asset to mint the DA.
L1DX will bring multichain exposure in the form of direct or indirect exposure to blue chip blockchains with guaranteed compounding governance weight across the assets that comprise the L1DX.
What is the L1DX?
Validator income from L1 blockchains. Security is evaluated on network usage, adoption, decentralization. This is includes but not limited to the BFT methodology and it’s competitors. (see Tendermint Core | Tendermint )
Product - Isolation port
Manages and distributes DIVs for incoming and outgoing conversions leveraging Decentralized autonomous Companies (DACs) methodology.
(see- DAC- https://www.metis.io/learning-hub/
Genesis seed participant will relinquish custody of funds for contract period.
At the end of contract period Participant will have the opportunity to withdraw from program and retain initial seed fund investment, plus all DIVs earned throughout the contract period.
Participant will lose access to all IP privileges and future DIVs.
Participant will also have the opportunity to renew contract and retain access to IP and their benefits to permanent ownership of IP benefits contingent of contract obligations.
L1 Mirrored assets- Assets representing the L1DX in the form of DAO composed assets.
This will maintain the integrity of fees for migration to the open market outside of the DAO blockchain.
Bonded assets- Stablecoin bonds shares that represent liquidity and exchange rates.
DD- DAO stablecoin akin to UST properties.
DA- DAO asset akin to LUNA properties
Outer market mirrored assets- assets mirrored from assets required on the open market for use in the DIR and L1IR
DIR - Defi index router -
contract responsible for distribution of DIVs to indexed assets and IP DIVs (Defi Prime assets on open market)
L1IR- Layer 1 index router
Internal liquidity pool responsible for converting DAO assets and L1 assets into IP
Bonded assets guarantee liquidity supplied by the L1IR
Contract responsible for balancing open market yield.
Contracts outside internal protocol.
Responsible for facilitating L1 Asset transactions for onboarding into DAO protocol.
Responsible for management of Prime L1 lending protocols in generating income outside of internal protocol to capture open market exposure, and governance weight via lending.
LP mining index-
Responsible for management of Prime L1 AMM protocols in generating income outside of internal protocol to capture open market exposure, and governance weight via AMM liquidity mining.
This will allow the capture of outer market exposure in various risk-free acquisitions.
LP Stable index-
Responsible for management of Prime L1 stablecoin mining protocols in generating income outside of internal protocol to capture open market exposure, and governance weight via stablecoin accumulation.
This is including but not limited to stablecoins representing the USD, EUR, and various centralized stablecoin based assets.
This will act as an accumulator to supply DAO with usable assets to fund addition L1 assets.
*Libra- (Novel mechanism, disclosure is subject to multisig holders of Gseed counsel and Dev overseer)
Evaluation for selection of L1 assets and supporting networks that maintain blockchain integrity.
Factors in evaluation of selection process-
Solvency of chain TVL
Liquidity of TVL
Authoritative bodies of influence from centralized global agencies
Factors considered during vetting process follows the likelihood of external and internal influences have the foundational pillars Nexus Regency is to be constructed.
Evaluation of network security also considers available resources on the open market to maintain network integrity of assets to be leveraged in supplying the L1 Index.
An index of trusted 3rd party auditors and evaluation of security methodology utilized.
Reputations, positive and negative.
Methodology of verification.
Contracts and networks that are founded on BFT methodology and it’s competitors.
Evaluation is subject to the consensus models used.
All contracts will be subject to the solvency of risk factors of the security methodology.
Government authoritative bodies influence risk mitigation due to index selection of decentralized networks and the foundations of their technology requirements.
This includes but not limited to- supply chain issues, disruption in global conflicts as acts of war influences situations.
Vetting process discovers L1 index composition.
Examples are including but not limited to
CEX - Coinbase, Kraken, Binance
DEX- Uniswap, Sushiswap, Astroport, PancakeSwap, Trader JOE, OSMOSIS
Sub Prime -
CEX - Gate.io, CoinEX, BKex, MEXC
DEX - 1Inch, Defikingdoms, Serum, Raydium
CEX - Bilaxy, HOO, HOTBIT, PROBIT
DEX - DODO, Perpetual protocol, Quickswap
Classifications are designed based on metrics to be considered but not limited to the following-
Evaluating the relationship between V/L allows a more accurate representation of the likelihood of artificial and organic market activity.
This is at times heavily influenced by incentive programs crypto exchanges and independent crypto projects offer for limited periods.
Trading Bots are also factors to consider during liquidity mining phases for garnering market participation as bad actors can manipulate outcomes in ways represented by vesting schedules but not limited to them.
The nature of liquidity mining incentives is not inherently a deterrent when evaluating an exchange that will be utilized.
Liquidity across the platforms in relation to the volume of the programs in effect details artificial activity highlighted by such programs.
Inflated values are not always indicators of considering solvency of an exchange to reimburse users in the event of a security compromise of any degree.
An exchange’s ability to protect its users are largely affected by the income and reserves the exchange accumulates.
This relation allows an evaluation of the exchange’s ability to spend income on security in many forms to combat cyber theft, data leaks, website uptime, cold/hot storage and other arbitrary factors related to influences outside of user error and government influences.
Security evaluation trust scores from reputable 3rd party reporting agencies is largely considered an accurate representation of organic user experiences and should be a key factor in guiding the direction of an exchange’s ability to protect itself.
V/L assessments reveal metrics to consider.
3rd party auditors publish reports on security firms used by exchanges and highlight systems the exchanges develop or use form trusted platforms.
3rd party authentication can have 2 or more authentication barriers to bypass in the event of a data compromise.
The more in place, the more likely your funds are protected form a user breach. This does not determine the likelihood of defenses in the event of a liquidity or wallet breach.
In summary for the security methodology,
All factors outlined are to be used in developing ultra-sound systems for protecting the Nexus Regency DAO and it’s participants.
Composition of Minting and burning of DAO asset will Mirror Terra Luna and it’s UST in the forefront of it’s arbitrage mechanisms.
Factors on Minting DA into circulation will follow a Novel system of asset backing.
Layer 1 index- L1IX
The prime layer 1 assets that will be comprised of a collection of leading vetted assets to be issued into the DAO platform.
This will bind accordingly.
Acquisition of Layer 1 assets = Layer 1 index Node Shares = L1NS
Layer 1 Node shares- L1NS
This will represent the sum of the L1IX.
Validator income is determined by establishing a Validator node for the respective L1 asset.
The example is not limited to the only two assets represented.
32 ETH is required for validator set. = $96,000 USD @ $3000 ETH
10,000 ONE required for validator set. = $1500 USD @ $0.15 ONE
1 ADA required for Validator set. = $1.20 USD @ $1.20 ADA
The sum of these will represent 1 singular L1NS
1 L1NS = $97501.20
L1NS will be the minter of the DA
The DA will be the minter of the DD
L1NS at mint will be issued into a BOND that will supply permanent validator income for the respective assets representing the L1NS.
In the example our DD will be representing $2 USD each
1 DD = $2 USD
1L1NS mints a bond that issues DA quantity to = 48750.60 DD within the Bond.
DD can be exchanged for Layer 1 assets or used for arbitrage of DA mechanisms resembling Terra Luna.
L1NS can only be minted and not purchased.
Once mint occurs Validator income continues to produce treasury bound Layer 1 assets.
This continuous liquidity will be bonded into various forms of smart contract Bonds that will follow a dilution of but not limited to, redelegation for validator nodes in order guarantee diluted compounding.
(Income on next fiscal cycle will always increase the income for the following cycle)
This will be in the form of Layer 1 Index shares = L1IS
These will be used to Bond into DA in order to mint DD and supply an internal liquidity pool of layer 1 assets to the blockchain.
These assets will be autonomously used in supplying the ability to expand into acquisitions of outer market assets and stablecoins and begin to diversify income via earlier pools of smart contracts.
DD will be backed 1 to 1 *Libra
L1IX or L1NS → DA → *Libra ->DD
User experiences L1IX or L1NS → DA ->DD
*Libra will be used to maintain predicable increased PP and tracking or devaluation of USD.
(Presentation of the Libra outline is subject to security clearance)
Purchasing power of DD is to stay as a true stablecoin.
*Libra allows down trneding market conditions strengthen backing and PP of DD.
*Libra allows up trending market conditions to place reserves in position for supplying permanent income compounding for downtrending market events.
Starting PP of DD 1 = $2.00USD
$2.00 USD = 0.00005 BTC
$1.00 USD = 0.000025
1 DD = 0.0001 BTC
12 month period
BTC @ 50,000 USD
USD PP down 3%
DD PP up 1%
1 DD =$2.0805 USD = 0.00004161 BTC
$1.00 USD = 0.0000194 BTC
$2.00 = 0.9613 DD
As market conditions increase values, the USD devalues due to bad actors in centralized governments.
As market conditions increase values, backing of DD PP increases by Bonded L1NS and L1IXS accrue and compound form initial Bond and subsequent bonds.
During genesis Mint of DD, *Libra breaks DD peg independent of USD.
PP is measured in DD PP of L1NS and L1IXS.
Support against total market declines is facilitated by the acquisition and redelegation of L1IXS
Each cycle income increases.
During down trending markets, reserves of DD and accumulated L1 Assets redelegate in the form of bonding to mint DA.
Outline of full diagram of the dilution path of the L1DX
More details on the drivers for economic infrastructure will become available as more attention is placed on this proposal.
Gseed funding will leverage interest from Anchor Protocol and Notional Finance from stablecoin deposit yield will be used to Fund the initial Layer 1 Asset acquisition, delegation.
Income replacement for the opportunity to divert my full-time career time into he development of the project follows,
Yield will be extracted from Anchor to supply a sum sufficient for placing back into anchor to supply passive income the form of diluted yield. This will allow myself to walk away from my career and delegate my full time to the project.
This will also follow for hiring a core DEV team.
This will also follow for acquisition of the layer 1 validator process. This will most likely follow a 12 month schedule for the contract of the Gseed and myself.
Next steps are to come.
Since an RFC is a “work in progress” Proposal, not all of these points need to be filled out from the beginning. They can be added over time as the RFC evolves into a mature Proposal.