# Roadmap

## 1. Phase I (live)

SHYT is **live on PONS**. Initial Treasury accumulation is **underway**. The **5%** tax splits **80% Treasury / 20% development** for the life of the tax. In Phase I the 80% after-tax buybacks accumulate SHYT in the Treasury until that mark is about **$200,000**. SHYT is **fully circulating**; **market cap = FDV** — that is the mark for this trigger, NAV, and the green-channel SHYT leg. [Phase I](/launch/phase-i).

## 2. Genesis prep

Publish the Treasury dashboard, final subscription terms, NAV policy, HOLI contracts, and security-review results.

## 3. Phase II

When **after-tax buybacks** have accumulated **about $200,000** market value of Treasury-held SHYT, the fund **injects** that SHYT into the [green-channel](/launch/green-channel) pool and opens the **$200,000 USDG** main channel (planned **$1 / HOLI**; Dutch auction **may** set a higher clearing price if still oversubscribed under the **$1,000 / address** cap). **Main-channel issuance at full quota: 200,000 HOLI to USDG subscribers** — not the pool mint. **Genesis-stage full issuance total: 400,000 HOLI (of which 200,000 sit in Treasury LP).** **Green-channel issuance at full quota: another 200,000 HOLI, pooled with SHYT at $1 per HOLI.** The SHYT/HOLI LP is held by the **House of Liquidity Treasury**; it is **part of project assets**; SHYT counts in NAV at **1×**. Open the green channel at the same time, and launch HOLI. **Main-channel eligibility:** first hour limited to the **NET / SHROOM / SHYT snapshot whitelist**; thereafter **open to all addresses**. The green channel is **not** that hour-1 window: it opens at Genesis and stays. [Genesis](/launch/genesis). [Eligibility](/launch/eligibility).

## 4. Treasury deployment

First lock in [SHYT/HOLI](/launch/genesis-pool) and [HOLI/USDG](/launch/usdg-pool). After the main channel, undeployed USDG is **$200,000** (**50%** of <Md expr="A_0" />). Then **100,000 USDG** into HOLI/USDG. **Undeployed reserves after the HOLI/USDG deploy (i.e. after Genesis): about $100,000 USDG remaining** (**25%** of <Md expr="A_0" />). Do not call the 200k still-undeployed at that moment. Stock pools are **not** opened then. **HOLI/Stock deployment:** only after **undeployed again > 30%** (or a **separate approval** to use reserves) **and** a <Md expr="w" /> vote passes the **specific name**, then swap into that stock and form the pool. Admissible assets and **quality RWA** are community <Md expr="w" /> votes. First candidates include **MU, NVDA, AAPL, AMZN** — tokenized stocks already live on Robinhood Chain. **Which** to buy and **how much** each is decided by <Md expr="w" /> after Genesis. A proposal must name the **blue-chip**, **target LP size**, and **risk cap**. **Unapproved assets are not admitted.** Except **SHYT**, approved names are **blue chips**. Later votes may **adjust asset caps** or **stop new deployments**. They are not listings until a vote passes. [Admission](/treasury-mgmt/admission). [POL Deployment](/treasury-mgmt/deployment).

## 5. Expansion and governance

**First 7 days after open: no inflation.** After that, staking effective weight <Md expr="w" /> votes whether inflation is on, per-period size, and interval.

Even if that proposal passes, premium issuance opens to staking-rule-eligible addresses only when premium is above **45%**, at **69%** of the HOLI/USDG pool's observable price. If premium is **not above 45%**, no new allocation is issued, and unused allocation cannot mint. [Premium Issuance](/supply/premium).

[LP pairing](/supply/lp-pairing) / pooling, [mint-to-swap](/supply/mint-to-swap), the [green channel](/launch/green-channel), and the [team management mint](/supply/management) **still run on their own rules**. [Quiet period](/launch/quiet-period).