# Milestone 1: Mainnet Launch with Core Trading Features
## Description
Deploy production-ready DEX smart contracts to Ethereum mainnet with core swap functionality, liquidity pools, and basic governance. This milestone establishes the foundation for all future protocol development.
**Dependencies**: None (first milestone)
**Timeline**: 90 days from fundraise close
**Funding**: 15% ($150,000 USDC)
## Completion Criteria
1. **Smart Contract Deployment**
- Factory, Router, and WETH contracts deployed to Ethereum mainnet
- All contracts verified on Etherscan with public source code
- Deployment transaction timestamp ≤ [DEADLINE]
2. **Functional Trading**
- Minimum 100 successful swap transactions executed
- Average slippage ≤ 0.5% for trades $1,000-$10,000
- Zero failed transactions due to contract bugs
- Verification: Etherscan transaction list filtered by contract address
3. **Liquidity Establishment**
- Total Value Locked (TVL) ≥ $500,000 sustained for 7 consecutive days
- Minimum 3 active liquidity pools
- Verification: DeFiLlama dashboard
4. **User Adoption**
- Minimum 1,000 unique wallet addresses interact with protocol
- At least 50 unique LPs providing liquidity
- Verification: Dune Analytics query [link to query]
5. **Technical Documentation**
- Complete API documentation published
- User guides for swapping and providing liquidity
- Developer integration docs
- Verification: Public documentation site [URL]
6. **Security Measures**
- Smart contract audit completed by [Auditor Name]
- Audit report published publicly
- All critical and high-severity findings resolved
- Verification: Audit report PDF on IPFS
## Evidence Requirements
**Must Submit**:
- Contract addresses with deployment transaction hashes
- Etherscan verification links
- DeFiLlama dashboard link showing 7-day TVL history
- Dune Analytics query demonstrating user metrics
- Documentation site URL
- Audit report IPFS hash
- Screenshots of successful transactions (timestamped)
**Verification Method**:
- On-chain verification via Etherscan (Criteria 1, 2, 4)
- Third-party aggregator (DeFiLlama for Criterion 3)
- Public documentation review (Criteria 5, 6)
## Risk Disclosures
**RISK LEVEL**: Medium
- **Technical Risk**: Smart contracts contain complex AMM math; potential for edge case bugs
- *Mitigation*: Professional audit + bug bounty program
- **Market Risk**: TVL target depends on market conditions during milestone period
- *Mitigation*: 7-day sustained requirement allows recovery from temporary dips
- **Timing Risk**: Ethereum gas fees may delay deployment if prices spike
- *Mitigation*: 90-day window with flexibility to deploy during low-gas periods
## Funding Justification
$150,000 allocation covers:
- Smart contract development: $60,000
- Security audit: $40,000
- Initial liquidity bootstrapping: $30,000
- Infrastructure (RPC nodes, frontend hosting): $10,000
- Contingency: $10,000