Launching Phases
The launch will be conducted in 3 main phases to make sure the protocol will be working as intended.
All contracts Operator address will be transfered to Timelock before starting Phase 1
Timelock contract delay will be set to 12-hours.
All changes to the contract will be announced via Telegram group at least 12-hours in advanced.
Target Collateral Ratio & Effective Collateral Ratio will be fixed at 100% for the first 3 days.
Charts and statistics will not be available due to lacking of historical data.
Allow Target Collateral Ratio & Effective Collateral Ratio to be adjusted according to the market demands.
Timelock contract delay will be increased to 24-hours
All changes to the contract will be announced via Telegram group at least 24-hours in advanced.
Charts and statistics will be enabled.
Timelock contract Delay will be increased to 48-hours
All changes to be made to the IRON protocol will be decided by Community votings
Further in the future, by community votings, the team / community can develop a Governance contract tracking votes and the Timelock admin cab be transfered to that Governance contract.
