Introduction
Replete Finance is a chain abstracted liquidity protocol where users can supply and borrow to any connected chain without leaving the comfort of their home chain. Replete does so by leveraging cross-chain infrastructure powered by LayerZero and the various bridging routes provided by Stargate.
Replete is designed to not require supply side liquidity on connected chains, this allows the protocol to scale to more chains and cover more routes for users. This means that users can supply from and borrow to any connected chain while retaining the various benefits of a single liquidity pool.
This proposal is intended to formalize the relationship with Metis and present the protocol to the community and fine folks governing MetisDAO as we seek feedback and actors to test the protocol.
How does Metis benefit from Replete?
Directly it benefits Metis by being one of the partners utilizing the Stargate bridge. Bringing revenue to LPs in the form of bridging fees and helping increase incentives for providing liquidity.
Users wanting to supply to Replete earn on liquidity provided across all connected chains instead of solely Metis. In other words, a supplier on Metis earns from all connected markets as their assets are made available across connected blockchains.
Additionally, with enough demand and provided the Metis token follows OFT standard, Replete can add a market for Metis token. Unlocking for Metis stakeholders a liquidity avenue that users can redeploy (at the cost of interest) on either Metis or any connected chain.
Perhaps more interesting is that Replete helps users to discover Metis as one of the first routes supported, meaning that users that want to explore Metis can do so without having to swap to bridgeable assets, dramatically improving user experience and facilitating a new route for users to be onboard to Metis.
How does Replete benefit from Metis?
Metis is one of the chains that was pre-emptively selected to deploy Replete to. That decision is based on the aspirations of Metis governance, which is a source of inspiration for core contributors to Replete Finance.
With utilization of the protocol comes also revenue, deploying to Metis is a potential source of revenue that is distributed to suppliers and Replete treasury.
Additionally, becoming a Community Verified Project (CVP) grants Replete Finance exposure to the vibrant Metis community. Ideally, in the future, translating to users whom can participate in the incentive programs and become part of the Replete DAO.
However, at this stage of the protocol, it is simply to present Replete and seek help from the Metis community in spotting flaws, giving feedback and honest to god criticism when something is broken once testnet is launched.
Token Utility
At present Replete does not have a token nor will a user ever be required to have a token to use the protocol. At TGE the tokens associated with the Replete Protocol are used to govern Replete. Users whom have Replete tokens, can vote and decide on the outcome through Replete Improvement Proposal (RIP).
Moreover, at launch, the token can be staked to secure the protocol through a safety module, which provides security to the protocol and insures (to an extent) the position of suppliers. Note that this is optional and more will be disclosed prior deployment to mainnet.
In terms of emission the vision is to reward those who provide value at different stages during the evolution of the protocol. That is to say, that testing the protocol during testnet is something that provides value to the protocol.
We want to stress that there is NO REPLETE TOKENS IN CIRCULATION AS OF YET 
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Roadmap
Replete has been in development for the majority of 2023 and core contributors decided early on to not create a whitepaper. The flexibility allowed the contributors to focus and reiterate on ideas while fine tuning what Replete is becoming as it inches closer to testnet and launch.
That being said, Replete has had a total of three pivots to reach the current stage of maturity and contributors are more comfortable disclosing advancements as the vision and the route of becoming a self-sustainable DAO becomes clearer.
As for the roadmap, with V1 the goal for Replete is to be deployed on a multitude of chains and provide valuable experience for users on each of them. The expansion to chains is not solely rooted in expanding the surface area of operations but is also a more practical approach for features contributors have in mind for the protocol with V2.
Whilst V1 is geared towards expansion with V2 optimizing revenue sources is the vision, as the goal is for the Replete DAO to be able to stand on its own legs. Without being too vague, sizeable engineering efforts have been made to make these a reality and more will be disclosed once contributors are closer to deployment.
In terms of deliverables, the aim is to launch to Metis Goerli testnet in ~February 2024. Followed by mainnet after successful completion of a security audit. Replete aims to be the one of the most connected liquidity markets in the industry by supporting over 8 chains at launch. From there, the deliverables are to connect more markets and support more assets until V2 is ready for release.
Security
During the testnet phase no auditors will be engaged, this is because testnet functions as an environment for testing the protocol and for contributors to spot and fix errors prior submitting the code to auditors.
Needless to say, the protocol will not launch to mainnet unless a security audit is conducted by an accredited auditor, as it is ultimately important the protocol is as safe as possible for users to use. This means that the audit and the period of testnet dictates when exactly Replete is integrated to Andromeda mainnet.
Learn more about Replete
Feel free to leave your feedback on Candidac or reach out on Discord with any questions you may have.
- Website: https://replete.fi/
- Discord: Replete
- Twitter/X: x.com
- Docs: https://docs.replete.fi/
