# Roadmap

### Fermi DEX MVP (Q1, 2024)

* [x] Fermi DEX v0.1 - Demo of just in time settlement on one market. (April 2023)
* [x] Fermi DEX v0.2 - Utilisation of same liquidity across markets and across applications via approvals and delayed transfers. (August 2023)
* [x] Fermi DEX v0.2 - Additional essential functionality, including order cancellation and funds withdrawal. (September 2023)
* [x] Release of devnet SDK - allowing MM's to easily detect when orders are filled, and to auto-formulate finalise transactions. (September 2023)
* [x] Fermi DEX v0.3 - Update to include penalties for failed order settlement, and other incentives to ensure high finalisation rate. (Decemeber 2023)
* [x] Fermi DEX v0.3 testnet  launch - With a frontend for easy interaction, and audits of core functionality. (February 2024)

### Fermi DEX v1 (Q3, 2024)

* [x] Integrate features from openbook v2 - including additional functionality such as auto-editing orders based on oracle prices etc, as well as additional customisation options for trades and counter-parties.
* [x] Implement production scalability in all data structures using appropriate zero copy usage.
* [x] Implement Single-tx. market orders for compatibility with Jupiter Aggregator.
* [x] Build custom frontend functionality for all workflows (i.e. LO, finalize, auto-finalize, finalize, direct, market order, market-order-specific).
* [x] Build an SDK for easy interaction with Fermi Programs (TS)
* [x] Build an SDK for easy interaction with Fermi Programs (Rust)
* [ ] Implement reputation scores, allow people to place orders that only match with counterparties above a certain finalisation score.
* [ ] Offer-As-Code - template middleware (LMPs) programs that allow liquidity to be fetched from other platforms, for order finalisation.
* [ ] Fermi v1 mainnet soft launch (with ordersize/effective Liquidity caps)
* [ ] Fermi v1 full launch (with lifted caps) \[Q4, 2024].
* [ ] Implement tokenomic rewards for volume and liquidity metrics. \[Q4, 2024].

### Fermi DEX v2 (Q1, 2025)

* [ ] Fermi DEX v2 - with customisable settlement periods upto t+1 days, taker rebates to compensate for price movement or other costs incurred due to delayed settlement. 
* [ ] Allow people to narrow down counterparties by settlement period.
* [ ] Built-in portfolio margining strategies for more passive market making approaches.
* [ ] (Possible) - Integration with cross-chain liquidity aggregators, to potentially fetch liquidity from other chains autonomously
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