Our project milestones are clearly defined as follows:

>> Milestone 1: Successful Launch of Moby’s Core Functions to Enable On-chain Options

• Expected achievement timeline: April, 2024
• To launch Moby on Arbitrum One mainnet and test quality assurance as well as conduct necessary research to build out add-on features as defined on Milestones 2, 3, 4

>> Milestone 2: Successful Launch of Moby’s Impermanent Loss Hedge Insurance 

• Expected achievement timeline: Within 2 Qs since Moby’s launch on Arbitrum One
• Moby to build and launch the Impermanent Loss Insurance add-on feature applicable to Uniswap for users who deposit funds to the Uniswap LP on Arbitrum mainnet 
• Impermanent Loss Insurance add-on feature to enable Uniswap liquidity providers to choose as well as purchase options based on their LP risk profile via Moby’s Position Manager and trading interface
• Launch status subject to verification based on on-chain data sources such as Arbitrum explorer

>> Milestone 3: Successful Launch of Automated Uniswap Liquidity Pool Hedge Vault

• Expected achievement timeline: Within 3 Qs since Moby’s launch on Arbitrum One
• Automated Uniswap Liquidity Pool Hedge Vault to automatically provide hedging strategy for Uniswap liquidity providers based on IL risk
• In the long term, Moby plans to support various Vaults by combining Perpetual Options, Altcoin Options, and other asset classes
• Launch status subject to verification based on on-chain data sources such as Arbitrum explorer


>> Milestone 4: Achieve Cross-chain Compatibility for Moby's Impermanent Loss Hedge Insurance 

• Expected achievement timeline: Within 4 Qs since Moby’s launch on Arbitrum One
• Moby to expand Impermanent Loss Insurance add-on feature availability to users who deposit funds into Uniswap LP from chains other than Arbitrum
• For Moby at its initial stage, users need to possess underlying assets native to Arbitrum to purchase options. To enhance cross-chain compatibility, Moby plans to integrate with LayerZero, Axelar, and other cross-chain solutions to support a seamless multi-chain trading environment.
• Launch status subject to verification based on on-chain data sources such as explorers


Our project KPIs for each Milestone are clearly defined as follows:

Phase 1 
>> KPIs within 3 months after achieving Milestone 1
   - Successful launch of Moby on Arbitrum One and develop infrastructure for two add-on for Uniswap
   - Verification of launch of Moby on Arbitrum One via on-chain tools such as Arbitrum Explorer

Phase 2
>> KPIs within 3 months after achieving Milestone 2
   - User Adoption: Achieve 500 monthly active liquidity providers on Uniswap using Moby's add-on
   - Transaction: 10,000 Transactions

Phase 3
>> KPI within 3 months after achieving Milestone 3
   - Moby's Uniswap LP Hedge Vault’s cumulative value: $1,000,000

Phase 4
>> KPIs within 3 months after achieving Milestone 4
   - User Adoption: Achieve 1,000 monthly active liquidity providers on Uniswap using Moby's add-on 
   - Transaction: 20,000 Transactions 