ARCx Money Detailed Roadmap For 2022
A 12-month plan for how ARCx will achieve its goal of becoming the reputation layer for Web3.
The team at ARCx have been heads down over the past few months, building out scores, improving the core infrastructure, and finalizing the spec and designs of its upcoming credit-score and borrow product. But as they approach what looks to be a very interesting year ahead, they wanted to take a moment to write down how they plan to achieve their goal of becoming the reputation layer for Web3.
The aim of releasing this roadmap is to serve as a resource for its community on the direction of the protocol, and to provide more context and structure around its weekly community calls.
ROADMAP DETAILS
QTR 1 2022
PRODUCT
∞ Credit Score (to evaluate past and ongoing credit worthiness of users across DeFi)
∞ Borrow Alpha (to de-risk technical feasibility of a full release)
∞ Borrow Alpha (to de-risk technical feasibility of a full release)
∞ Multisig Merkle root updater (to ensure secure signing)
∞ Monitoring and observability improvement (to minimize down-time and failure)
INTEGRATION
∞ Score library co-development with influential DeFi protocols
∞ Relationship building, testing future product ideas and to de-risk build
∞ Maintain team of 10-15 full-time employees, utilising contractors if required
∞ Launch ARCx Whitepaper (”Decentralized Scoring and Efficient Lending Markets”)
QTR 2 2002
PRODUCT
∞ New collateral types and increased pool size on vaults (to grow and cater to different token holders)
∞ Passport connection with Discord (to surface scores and to allow score-gated roles and channels)
∞ Discord and Passport integration (to enable score-gated channels and Passports on Discord). Note we believe this will bring Scores to a wider audience, drive passport claims, and create new utility
INTEGRATION
∞ Bespoke score design with multiple DeFi applications (to create strong loyalty programs in DeFi
∞ New use case discovery for Scores (e.g. airdrops, governance, and more)
∞ Support for alternative EVM chains (to capture a wider segment of the market)
∞ Maintain team of 10-15 full-time employees, utilising contractors if required
QTR 3 2022
PRODUCT
∞ Expanded Borrow benefits (including delayed liquidations and under-collateralized loans)
∞ Real-time notification services on Discord or Telegram (to create a safer borrow experience)
∞ ARCx token emissions and Borrow revenue distribution (to incentivize long-term borrowing)
INTEGRATION
∞ ARCx Scripting Language (to capture long-tail opportunity for Scores with a self-service option)
∞ Support for non-EVM chains (to tap into growth potential on Terra and Solana)
∞ Self-service Discord installation (to scale up customer acquisition)
∞ Expand team as required
ARCx will serve web3 by offering a trust-less way for participants to build a reputation, and a mechanism for other protocols and platforms to identify, reward and further incentivise good reputation.
ABOUT ARCx
ARCx is a decentralized scoring protocol that powers on-chain identity and credit-score based borrowing. Its goal is to solve one of the most critical issues underpinning web3 – on-chain reputation. This issue impacts a number of distinct areas, cutting across lending markets, governance, airdrops, loyalty program design, DAO tooling and more.
RESOURCES
Substack
