For Phase 1 ( https://gitlab.com/PlasticDigits/ust1-window/-/work_items/19 ) 4 of 5 items completed - 5th item requires an upgrade to the CMM Treasury to allow the UST1 window to withdraw vFDUSD from our CMM when users burn UST1 to redeem for vFDUSD. The changes required are here:
Treasury upgrade plan: https://gitlab.com/PlasticDigits2/ustr-cmm/-/work_items/6
UST1 window to use new Treasury API: https://gitlab.com/PlasticDigits/ust1-window/-/work_items/20

Code changes for the cmm treasury are ready, next step is upgrading ust1cmm.com contracts.

Thanks to @LeonardoLUNC and @SpaceshipRacer for reporting bugs with cl8y dex! I've implemented fixes and will be upgrading. Additionally, I've run Kimi K3 audits on our dex, treasury, bridge, and upgrades - one small fix on bridge, the other findings will need to be resolved as the TVL secured by our dex and bridge exceeds $1m. Security can always be upgraded further, however we have to keep costs and complexity down so we can get the tech out sooner.

The CMM Treasury has been successfully migrated, adding the functionality for wrapping/unwrapping cUSTC and cLUNC. I've also started the 7 day timer to migrate the treasury's admin address from the current EOA wallet to a more secure 2/3 multisig: terra1zlmv2xydxcusurtr6rl78wsvytdc6mfex6hep7

Kimi K3 audit identified 17 issues that need resolution with our UST1 swap window & oracle. Other models missed (or possibly hid) these issues. I've opened the issues based on these new findings.

vFDUSD oracle is live and operating. This provides pricing for swaps of vFDUSD to UST1 and back. Because vFDUSD only increases in price slowly, its much less risky than usual oracles.

Conversion of UST1 to vFDUSD and back is now available! https://dex.cl8y.com/ust1. You will need vFDUSD to mint UST1 - you can acquire it by deposting FDUSD on BSC on pancakeswap.finance, then depositing the FDUSD into app.venus.io, and finally bridging the vFDUSD you acquired by bridge.cl8y.com.

Wrap/Unwrap of USTC and LUNC is now available at dex.cl8y.com/wrap. You can also wrap/unwrap directly on the swap, just select the tokens to wrap. All USTC and LUNC is stored in the ust1cmm.com treasury.

T&C gate for our CL8Y legal terms and conditions, which was written with substantial community input and discussion over several months, is now live on dex.cl8y.com. The dex is now ready to start accepting live trading pairs. Based on feedback, I will start triggering the issuance of small amounts of LP immediately, increased daily, for USTC, USTR, and UST1. Once CMM controlled LP passes $100k, We will switch to a voting mechanism for minting tokens for LP. As a reminder, this LP is held by the CMM and is balance sheet neutral, but does create risk for the CMM treasury in the form of Impermanent Loss. However, it will be generating fees for our CMM to continue development, operations, and ultimately USTR burns and USTR, UST1 staking.

I will be out for 2-3 days for familial responsibilities.