Phase 4 - Platform Launch
Window: Q2 2027 → Q1 2028
Phase 3 ends with a scaled, compliant pilot (~20k homes, ~10 parks). Phase 4 turns that pilot into GA: both marketplaces fully open, compliance automated, bounded DeFi, and DAO maturation—without touching the settlement law.
Settlement law that never changes
No EMT, no funds · Must-fund before shipping · One-Claim · Locked EDSD → Unlocked EDSD only on proof · 50% of every protocol fee burns in EDM. ETT remains proof-only (non-transferable). Trading is in Energy (MWh) / Carbon (tCO₂e) tokens; CLE is the reward token; EDSD is platform-bound (not bridged).
Q2 2027 — Marketplace Activation
Tokens marketplace GA: list / buy / retire Energy (1 MWh) and Carbon (1 t) tokens. Receipts show PoV hash, One-Claim ref, and burn hash (50% of 4% fee)
Trade marketplace GA (EU lane): RFQ → Award → Fund the Order (prefund + must-fund before shipping) → Proof→EMT→Release; assignments (1%), cash-out (0.5%) at schedule completion
ESG automation v1: proof packs (origin, device lineage, mirrors, burns), Scope-2 exports (location/market), and audit CSVs
Readiness gates: 30-day GA SLOs met: EMT→release p50 ≤ 5s / p95 ≤ 15s; burn coverage 100%; dispute closure ≤ 72h p95. Support runbooks live; Explorer + Status page public.
Q3 2027 — DeFi & Liquidity
Supplier Advance (working capital): draws open only after Pre-Ship EMT; LTV bands per gate (0–30% Pre-Ship, 40–70% On-Board, 80–90% Arrival); auto-sweep from Unlocked EDSD at release; target 3–4% APR
Top-Up Bridge (buyer, JIT): small, time-boxed bridge between Pre-Ship EMT and the incoming wire; repaid on top-up; strict caps & SLA
Staking / veEDM: governance weight + variable rewards from the treasury half (never from the burn half)
Curated liquidity pools (EDM/EDSD or EDM/USDC): tighten spreads for marketplace users; EDSD remains platform-bound (no retail bridge)
Risk controls: per-org caps, lane whitelists, program-level LTV corridors, circuit-breakers, and daily exposure dashboards
Incident drills: advance/bridge pause with 72-hour timelock on resumption
Readiness gates: Credit loss = 0; auto-sweep success ≈100%; advance utilization in target band; no burn policy exceptions.
Q4 2027 — Compliance at Scale & Tokenized Certificates
Registry Mirror coverage broadens: I-REC/GO + second VCM program; First-Seen enforcement (mirrors bind or freeze/replace)
Automated compliance reporting: program-specific issuer/retirement statements; quarterly ESG packs downloadable from proofs
Certificate catalog: Renewable Energy Certificates / Guarantees of Origin / Renewable Thermal (RTC/GO-Heat) where policy allows; conversions bound by One-Claim
Regional step-out (controlled): add one new region or lane with local attestor set and schema templates; same settlement law
Readiness gates: Mirror SLA met (freeze→replace ≤ 48h p95); auditors replay 100% of retirements from blobs; zero duplicate serials on EDMA (One-Claim > 99.9%).
Q1 2028 — Governance & Global Expansion
DAO maturation: move from ParameterDAO (Phase 3) to ProgramDAO → Full-DAO scope: DAO controls ParameterStore (within bounds), TreasurySplitter (treasury half only), attestor allowlists, fallback quorums, registry/bridge keys, ZK verifying-key hashes
Constitutional brakes remain outside vote: No EMT, no funds · One-Claim · Must-fund · Locked→Unlocked only on proof · 50% burn · fee constants & caps. 72-hour timelock; public diffs; bounded step sizes
Global onboarding: producer aggregator programs (households / parks) in the new region; corporate buyers with automated ESG proof flows; partner success playbooks and SLAs
Analytics: AI-assisted ops: anomaly detection (document drift, sensor gaps), SLA predictions, and exception routing—advisory only, PoV remains the decision-maker
Readiness gates: ≥ 2 regions stable; order capacity ≥ 300+/month; DAO executes ≥ 20 bounded proposals without SLO regressions.
Expected Outcomes (end of Phase 4)
Fully operational marketplaces: Trade and Tokens in GA; receipts on every event; 50% burns posted with hashes
DeFi rails that respect proof: Supplier Advance / Top-Up Bridge live with zero loss, staking funded from treasury half, curated liquidity pools
Compliance automation: mirrors + first-seen + program reporting + ESG packs; auditors can replay chain from blobs
DAO governance active: for parameters, programs, and treasury-half splits; brakes remain constitutional and non-votable
Controlled expansion: additional region/lane onboarded without changing the law of the rail
Notes & non-negotiables
ETT remains proof-only (non-transferable): trading is in Energy (MWh) and Carbon (t) tokens; CLE is reward
EDSD is platform-bound (no retail bridge): cash-out only at schedule completion
Bridges move EDM and wrapped token representations only: EDMA stays canonical for claims
Everywhere, the rhythm stays the same: facts → PASS → EMT → Locked→Unlocked EDSD → fee → 50% EDM burn → receipt—or nothing moves
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