# Roadmap

## Product Phases

### V1 - Alpha (*Jan 2022 - Mar 2022*)

First functional version of Pine

* End-to-end functional NFT-backed loan protocol
* Web interface for borrowers

### V2 - Beta (*Mar 2022 - Current*)

Enhanced features and lender's portal

* Upgraded composability for core lending pool smart contracts which allows for features such as
  * Loan Rollover - allow borrowers to extend loans at the end of a term
  * Pine Now Pay Later - allow borrowers to buy NFTs with a Pine loan on open marketplaces
* Web interface for lenders to open and manage their lending pools
* Simple flat fee structure for Pine protocol fee

### V3 - Public (*Q4 2022*)

Robust NFT-backed loan protocol and a two-sided NFT-backed loan marketplace

* NFT-backed loan protocol that is efficient, scalable and fair for both lenders and borrowers during the entire loan cycle 
* Lending and borrowing positions wrapped into NFTs that are tradable on secondary markets
* Support for custom NFT valuation oracles 
* More users features 
  * Pine Listing - listing and selling of Pine loan collaterals on NFT marketplaces 
  * Automatic loan repayment and rollover Full-fledge two-sided NFT-backed loan marketplace 
* Dynamic fee structure for Pine protocol fee

## Timeline

<table><thead><tr><th width="160">Time</th><th width="246">Item</th><th>Description</th></tr></thead><tbody><tr><td>Jan 2022</td><td>Nassec Audit (v1)</td><td>v1 smart contract audit</td></tr><tr><td>Feb 2022</td><td>NFT-backed borrowing</td><td>Allows NFT holders to make permissionless loans in ETH</td></tr><tr><td>Mar 2022</td><td>Pine Now Pay Later</td><td>Allows buyers to PNPL on NFT marketplaces</td></tr><tr><td>May 2022</td><td>Quantstamp Audit (V2)</td><td>V2 smart contract audit</td></tr><tr><td>Jun 2022</td><td>Loan rollover</td><td>Allows loans to be extended on-chain</td></tr><tr><td>Aug 2022</td><td>Lender’s Portal</td><td>Allows anyone to set up lending pools</td></tr><tr><td>Sept 2022</td><td>Loan orderbook</td><td>Allows borrowers to browse and select from multiple pools when initiating and rolling over loans</td></tr><tr><td>Oct 2022</td><td>Pine Listing</td><td>Allows listing of collaterals for sale</td></tr><tr><td>Dec 2022</td><td>Auto roll-over</td><td>Allows borrowers to automatically rollover if LTV is below threshold</td></tr><tr><td>Q1 2023</td><td>Multi chain and currency support</td><td>Protocol extends to support multiple chains (Solana, BNBChain, AVAX, etc) and payout/repayment in more currencies (USDT, USDC, SOL, etc)</td></tr><tr><td>Q2 2023</td><td>Credit Marketplace</td><td>Allows lenders to buy and sell loan positions</td></tr></tbody></table>