Nucleon’s Roadmap for 2024/2025: Unlocking Innovation and Expansion

Unlocking CFX and so much more

NUCLEON
6 min readJun 13, 2024

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Nucleon family, it’s been nearly a year since our last roadmap update, and it is about time to do something about that. The decentralized finance landscape continues to evolve. New options are made available to users every day. Nucleon remains committed to pushing the boundaries of innovation and expanding the possibilities for its community. As we embark on the journey that lies ahead in 2024, we are excited to unveil our ambitious roadmap, outlining key initiatives that will shape the future of our project.

We currently do not have a specific deadline for most of the objectives we have outlined in this roadmap. Some items are being worked on concurrently while other objectives are dependent on other parties. With that caveat out of the way, let’s get into some of the ideas we have in store for our community.

Creation of a Second Derivative Token: sxCFX

In a bid to offer diversified investment options and cater to the needs of different investor profiles, Nucleon will introduce a second derivative token that is non-yield bearing. This token will provide alternative investment opportunities and serve as a hedge against market volatility, further enhancing the versatility of our platform.

As readers may know, xCFX is considered a yield-bearing token because the value of CFX rewards is factored into the overall valuation of the token. This new token that will be called sxCFX will instead act as a copy of CFX with rewards separated and collectible.

Adding Liquid Staking to Conflux Network’s Core Space

We noticed the discussion from the Telegram community about adding a direct way to stake CFX that is on Core Space to stake directly to Nucleon rather than bridging from Core to EVM just to stake. The submission of the idea to Reddit through the proposal caused the Nucleon team to discuss the idea internally, and decided this must be done, and was not necessary to go through the general Nucleon DAO proposal process. We recognize there is too much potential to ignore. This innovative feature will empower users to stake their tokens while retaining liquidity, unlocking new opportunities for participation and earning rewards within the ecosystem. Readers can expect this feature to role out some time in Q4 of this year.

Dynamic LP Reward Voting

We will be introducing dynamic LP reward voting, a mechanism that enables community members to actively participate in shaping the distribution of liquidity provider (LP) rewards. Through decentralized governance and voting mechanisms, stakeholders will have a say in determining the allocation of LP rewards, fostering a more inclusive and democratic ecosystem.

Expansion to Other EVM Chains Through Grant Awards

In our pursuit of interoperability and ecosystem growth, Nucleon will expand its presence to other Ethereum Virtual Machine (EVM) compatible chains. We will actively apply for grant awards to support the integration of Nucleon’s protocols and services across multiple chains, enabling seamless cross-chain functionality and enhancing the reach of our platform.

Make no mistake. Conflux will be our home. We will continue to deepen our relationship with Conflux where possible, but we are at a point now where we feel that our ability to support liquid staking can be used across other chains.

Incorporation of Conflux Governance Voting Rights

Building on the principles of decentralization and democratic governance, we will incorporate Conflux governance voting rights to staked CFX tokens. Per the results of the DAO vote, this feature will be audit before rolling out on Mainnet. This will enable stakers to actively participate in shaping the future direction of the Conflux Network, influencing protocol upgrades, fee structures, and ecosystem development initiatives.

Staking as a Service Platform

Nucleon is more than a staking pool for one token. The code can be used to stake all kinds of tokens in an ecosystem. More protocols are using staking as a normal function of their governance tokens. Recognizing the growing demand for staking services across various blockchain networks, Nucleon will launch a staking as a service platform. This platform will enable users to stake a wide range of tokens and assets, offering convenience, security, and competitive rewards while contributing to the decentralization and security of supported networks.

Listing on a Centralized Exchange

We have been asked many times in the past why we haven’t listed on exchanges yet. The answer has always been that we are waiting for the right time and the right partner. We feel that the time is near. We will pick and choose the exchange carefully to ensure a wide range of users who are familiar with Nucleon will have access and want to own NUT.

Assisting in the Development of a Deeper eSpace Ecosystem

Some of the readers may know that Nucleon’s founder, Artii, has a deep connection with CFXs. There are plans to develop a much larger DeFi experience within that project. Nucleon will support the expansion of this and other ecosystem projects that are willing to accept xCFX and develop usage cases for the token. Derivative token acceptance is vital moving forward. Nucleon is not simply a staking project. It is a liquid staking project. Our users expect to benefit from competitive staking reward yields, and the ability to move the token if needed without the hassle of unstaking. This is crucial to create reasons for users to stake with Nucleon over other projects thus benefiting NUT holders with greater loyalty rewards. A fully virtuous circle of gains for all!

A Call to PoW Mining Pools

One unique trait of Conflux that makes it standout in the very competitive L1 race is the hybrid adoption of Proof of Work (PoW) and Proof of Stake (PoS) consensus. No other blockchain will allow PoW miners to receive rewards, and then PoS stake those tokens without generating transactional friction by converting to another token to then stake. This is what brings Conflux to the forefront.

Consider this an open invitation to all mining pools and independent Conflux miners. If you currently mine CFX, consider this an open invitation for Nucleon to work with you to stake your hard mined CFX with us. Staking to receive a token that will still compound your rewards and easily be able to liquidate if needed.

Continued Cross-Community Marketing Initiatives

The eSpace ecosystem is still young. New projects are coming out each quarter. Some projects will be complimentary to Nucleon. Others will be competitors. Regardless that doesn’t mean we can’t collaborate on marketing and brand awareness. Nucleon believes the best way to move forward continues to be to unite to promote Conflux as a blockchain.

We feel that Conflux remains an untapped source of potential as an L1. We need to bring greater awareness of Conflux to users, thereby bringing awareness of Nucleon to users. Make them realize that staking on Nucleon will lead to a high yielding staking experience with a wide range of blockchain applications that can use xCFX and other derivative tokens from Nucleon.

Wrap-Up

Nucleon remains steadfast in its commitment to innovation, community empowerment, and ecosystem growth. We fully recognize that we have a wide-ranging list of ambitious goals. Our roadmap for 2024 reflects our dedication to pushing the boundaries of what is possible in DeFi and blockchain technology, as we continue to build towards a more decentralized, inclusive, and interconnected future.

We invite our community members and stakeholders to join us on this exciting journey as we work together to realize the full potential of Nucleon and shape the future of decentralized finance.

Stay tuned for further updates and announcements as we progress towards our goals in 2024 and beyond.

Until next time,

The Nucleon Team

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