The Sovereign Roadmap
3.Finance follows a five-stage development roadmap—each stage building on the previous like layers of a foundation. This isn't a vague wish-list; it's a concrete sequence where each layer must be completed before the next begins.
Five Stages to Sovereignty
Stage 1: The Monetary Core
COMPLETEResearch & Design phase. The fundamental economic research, philosophy, and architecture design for 3.Finance. This stage established the conceptual blueprint and proof-of-concept for how a sovereign currency could work—the DeFi Trident model, GUILD's design, and all the principles we've discussed.
Stage 2: The Settlement Layer
COMPLETE • AUDITED • LIVEMVP deployment. The basic operational contracts for GUILD issuance and redemption. The Settlement Pledge contract—guaranteeing 1 GUILD for 1 crvUSD—and the core minting/redemption mechanics are implemented and live on mainnet. The foundation of trust (Layer 1 defense) is in place and tested.
Stage 3: The Capital Formation Layer
DEPLOYINGThe current phase (as of late 2025). Genesis launch with 3Pacts, PRIME3/ALPHA tokens, and initial acquisition of revenue-generating assets. This stage is about bootstrapping assets and aligning long-term capital with the protocol. By the end, the goal is a significant reserve generating sustainable yield and a community of creditors and users.
Stage 4: The Credit Market Layer
PLANNEDMajor expansion introducing a native credit market for GUILD. The Single-Sided Lending Pool (SSLP) and Legend Network launch together, creating a defended credit market where GUILD can be lent and borrowed while being continuously protected by aligned stakeholders.
Stage 5: The Sovereign Ecosystem
FUTUREThe emergence of a fully decentralized, self-sustaining economy around GUILD. Community governance opens up, the Exchange Window activates, and GUILD becomes a reserve asset for other DeFi protocols.
The Credit Market Layer
Stage 4 transforms GUILD from a stable token into a working currency with lending, borrowing, and sophisticated internal defenses.
Single-Sided Lending Pool (SSLP)
Unlike traditional two-sided lending pools, the SSLP has a unique setup:
- Aged 3Pact holders (now called 3Bonds) deposit their 10,000 GUILD claim into the pool
- Borrowers can take loans in GUILD by posting acceptable collateral
- Interest paid by borrowers flows to the lenders (3Bond holders)
Vesting Rules: When a 3Bond holder claims their GUILD, there's a 30-day cliff followed by 11-month linear release. This prevents sudden supply shocks.
The Sovereign Ecosystem
The final stage where 3.Finance graduates from a protocol to a fully decentralized, self-sustaining economy owned and operated by its users.
The Exchange Window
Bond-to-ETH SettlementThe Exchange Window is a critical Stage 5 feature that provides a direct mechanism for 3Bond holders to trade their bonds for ETH once the system is secure enough.
Why It Matters
Some 3Bond holders may not want to wait through the lending and vesting process. The Exchange Window gives them a direct exit path without threatening GUILD's stability.
Why Stage 5
By Stage 5, GUILD is well-backed by ETH in the Protocol-Controlled Vault. Allowing bond-to-ETH settlement provides liquidity to creditors without destabilizing the system.
Key Quote: "The Exchange Window finalizes orderly exit pathways for long-term stakeholders—completing the promise that anyone in the system can exit in a fair way."
Open Governance
PODs and iNcubators become open to community governance. The community can create new PODs and vote on how funds are spent.
GUILD as Reserve Asset
With deep reserves and a proven track record, GUILD can be promoted as a reserve currency for other DeFi protocols—like how DAI or USDC are used today.
Full Decentralization
Control over collateral types, arbitrage integrations, and monetary policy shifts to 3Fi voters, with the protocol's creators stepping back.
Reserve Requirement Curve
Automatic Stage TransitionsThe Reserve Requirement Curve is a key mechanism that governs how much reserve must back GUILD at each phase. It ensures transitions between stages happen automatically based on on-chain metrics, not subjective decisions.
Dictates Reserve Backing
At each phase, the curve specifies the minimum reserve-to-GUILD ratio required for the system to be considered stable and ready for the next stage.
Triggers Stage Transitions
When the Protocol-Controlled Vault reaches certain thresholds (becoming the dominant backing for GUILD), the system automatically progresses to the next stage.
Works with Redirect Variable
Together with the Redirect Variable, the Reserve Requirement Curve ensures transitions are safe and automatic—hard-coded rules governing economic outcomes.