Development Strategy

IOST 3.0 adopts a progressive development strategy, implementing the overall architecture in three phases:

Phase 1: Asset Management & Pricing Foundation

This phase focuses on establishing the infrastructure and asset pricing mechanisms:

1. Diversified Asset System

   • Build standardized asset framework supporting multiple asset types
   • Implement asset valuation and rating mechanisms
   • Establish asset metadata and analysis interfaces

2. Asset Pricing System

   • Build asset price discovery mechanisms
   • Optimize liquidity allocation strategies
   • Implement basic trading functions

3. Price Stability Mechanisms

   • Design dynamic slippage protection mechanisms
   • Implement smart liquidity management

Phase 2: Bond Principal-Interest Separation

This phase introduces the bond separation functionality of IOST Liquidity Engine:

1. P-Bond/Y-Bond Separation System

   • Separate bond assets into principal (P-Bond) and yield (Y-Bond) components
   • Design optimized separation ratios and structures
   • Implement multi-term bond management

2. Bond Pricing System

   • Establish P-Bond market pricing mechanisms
   • Implement time-based price convergence algorithms

3. Yield Management System

   • Design Y-Bond yield analysis and calculation tools
   • Implement yield history and prediction displays

Phase 3: Financial Tools & Stablecoin Ecosystem

This phase completes the overall value chain:

1. PBDUSD System

   • Develop P-Bond staking and PB-USD generation mechanisms
   • Implement bond futures pricing and trading

2. DUSD Stablecoin System

   • Implement 1:1 anchoring with mainstream stablecoins
   • Build stablecoin minting and burning rules

3. Complete Value Chain

   • Integrate all components to form a complete value transfer path
   • Optimize price transmission mechanisms