Phase 1 – Core Infrastructure

The first phase of Tharwa’s rollout is all about foundations: getting the core infrastructure live, secure, and usable.

Phase 1 is designed to make sure Tharwa is production-ready, tested, and able to support serious capital.

Phase 1 Status: COMPLETED

Operational Excellence: 60+ days live with zero critical incidents, demonstrating production-ready infrastructure capable of supporting institutional capital deployment.

Deployment Metrics:

• Zero downtime since launch

• Zero critical security incidents

• Live yield generation and distribution

• Proven peg stability mechanisms

• Exchange listings (Gate.io, MEXC)

Technical Achievements:

• Complete audit coverage (PrismSec)

• Gas optimization (<$1 bond minting)

• Cross-chain ready (LayerZero OFT)

• Professional monitoring systems

• Institutional reporting capabilities

thUSD Launch (OFT Standard) - Live

• thUSD deployed as fully collateralized, omnichain-compatible stablecoin using LayerZero's OFT framework

• All minting/redemption routes governed by strict access controls

• Successfully backed by diversified RWA portfolio (sukuk, UAE real estate, gold, capped oil)

• Listed on Gate.com and MEXC exchanges

TRWA Token Launch - Live

• TRWA governance token launched with full supply and emissions framework

• Genesis Points Season successfully rewarding early participants

• Contract: 0x7b10d50b5885bE4c7985A88408265c109bd1EeC8

• Listed on CoinGecko and major exchanges

Vault Infrastructure - Live

• Tharwa Bonds launched with ERC-1155 structure and live yields:

  • 90-day: ~3.94% APY

  • 180-day: ~5.91% APY

  • 360-day: ~8.00% APY

• sthUSD deployed with ERC-4626 standard and instant withdrawals

• All contracts audited by PrismSec with 0 critical findings

Peg Monitoring + Treasury Tools

• Deployment of live peg monitors and circuit breakers

• Real-time tracking of thUSD price movements across DEXs

• Initial liquidity provision and OTC routing logic to maintain 1:1 stability

Smart Contract Audit Completion

• All Phase 1 contracts have been audited by Prism Security

• Circuit breakers, vault caps, and permission roles enforced at deployment

• Public audit report available here

Points Season 1: Genesis

• The Genesis season of Tharwa Points went live to reward early contributors and liquidity participants

• Points are earned through real usage: interacting with vaults, staking TRWA, participating in governance

• These points are tied to future TRWA eligibility and recognition within the protocol’s early supporter base

Why We’re Starting Here

Phase 1 is deliberately narrow. We’re not trying to launch every feature out of the gate. Instead, we’re prioritizing:

• Security

• Simplicity

• Real yield generation

• Stablecoin reliability

The idea is to prove core functionality before scaling complexity. Once the base layer holds (the peg, the vault logic, the reward mechanics), we move confidently into multi-chain expansion, product layering, and higher-yield strategies.