Deep Dive
1. Genesis Points System (July 2025)
Overview: Season 1: Genesis incentivizes real usage of Tharwa’s products (staking, vault deposits, governance) through a points system tied to future TRWA claims.
The system uses weighted curves to minimize sybil attacks, prioritizing consistent participation over capital size. Points are non-transferable and linked to on-chain activity, with a snapshot scheduled ~3 months post-launch (expected late September 2025).
What this means: This is bullish for TRWA because it aligns long-term stakeholders with protocol growth, reducing speculative dumping risks. Users gain tangible rewards for engagement, fostering loyalty.
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2. Core Infrastructure Deployment (Q3 2025)
Overview: Phase 1 prioritized foundational elements: thUSD (a LayerZero OFT stablecoin), ERC-1155 vaults for real-world assets, and TRWA staking contracts.
The infrastructure includes peg stability tools (real-time DEX price tracking, circuit breakers) and governance frameworks. Vaults focus on low-risk instruments like sukuk and gold to build trust.
What this means: This is neutral for TRWA short-term but bullish long-term. The emphasis on reliability and real yield lays groundwork for scaling, though adoption depends on vault performance.
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3. Security Audit Completion (August 2025)
Overview: Prism Security audited Phase 1 contracts, verifying safeguards like vault caps, permissioned roles, and circuit breakers.
Public audit reports were released, addressing critical vulnerabilities pre-launch. The audit covers minting/redemption logic for thUSD and TRWA staking mechanics.
What this means: This is bullish for TRWA because robust security reduces exploit risks, attracting institutional capital to Tharwa’s RWA-focused products.
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Conclusion
Tharwa’s codebase updates emphasize security, user alignment, and real-world asset integration. With Genesis ending soon, attention shifts to post-snapshot incentives and Phase 2 scalability. How will Tharwa balance yield generation with multi-chain expansion in its next development phase?