The Mast roadmap and the Bearings DAO

Mast began with diversified onchain portfolios. The product now extends into a limited synthetic-index market, optional NFT utility and a community layer designed to influence what gets built next.

This roadmap sets out the intended sequence: strengthen the products already available, complete the next integrations, introduce transparent community governance and expand only when liquidity, price feeds and risk controls are ready.

Where Mast is today

• Four preset portfolios: Defensive, Balanced, Growth and Adaptive.
• Custom portfolio allocations for users who want to choose their own mix.
• Onchain deposits, portfolio shares, position tracking and withdrawals on Robinhood Chain.
• The official MAST token on Robinhood Chain.
• A deliberately limited mMSI market, with overcollateralized USDG positions, explicit debt caps and liquidation rules.
• Mast Bearings as optional position utility. An owned Bearing can be attached to an eligible synthetic position for a 25% rebate on that position's mint fee. No NFT is required to use a Mast index.

mMSI follows a fixed reference basket of SPY, QQQ, SGOV, SLV and USDG. It provides synthetic exposure; it does not hold or redeem the referenced assets. Synthetic positions can lose collateral through market moves or liquidation.

The next product milestones

The immediate priority is reliability. Mast will improve position history, fee-rebate reporting, treasury accounting and performance reporting before increasing product complexity.

• Activate funded Portfolio Boost pools. Users will be able to lock portfolio shares with optional MAST and receive rewards funded in the same portfolio shares. Boost does not change portfolio NAV and does not promise an APY.
• Increase mMSI capacity gradually, and only after liquidity, oracle reliability, liquidation monitoring, multisig controls and independent review support a higher limit.
• Keep mKWEB marked coming soon until Mast receives a verified KWEB Data Streams report, registers the required subscription billing and operates a monitored updater service.
• Complete the public Mast Bearings mint and marketplace rollout, while keeping Bearings optional across Mast products.
• Publish community-treasury accounting for eligible index fees, Bearing mint proceeds and NFT royalties actually forwarded through the allocator.

The community phase

The Bearings DAO is the community-governance phase of the roadmap, not a gate placed in front of the product. Bearings will remain optional. Their role is to give a defined group a way to propose index ideas, rank priorities and oversee a community budget.

• Publish governance rules, treasury addresses and a standard proposal template.
• Open voting on future index themes and clearly scoped research briefs.
• Launch a public dashboard for the 75% community allocation and proposal spending.
• Run the first limited votes on research, infrastructure or a named community grant with transparent accounting.

Longer-term expansion

• Add regional, sector and asset-allocation synthetic indexes when reliable pricing and sufficient market liquidity are available.
• Build deeper liquidity, external integrations and independent liquidation infrastructure around active markets.
• Consider additional collateral only after its pricing, liquidity and risk limits can be enforced onchain.
• Raise product limits only when live usage data, monitoring and independent review support the change.
• Move from transparent multisig execution to onchain governance with delegation and timelocks after the manual process has produced enough evidence to design it safely.

Why Bearings need governance

Mast can define the first portfolios and synthetic indexes, but the product should not depend forever on one team deciding which markets deserve attention. Bearings create a limited, identifiable group that can surface ideas, compare priorities and record decisions publicly.

Governance is useful only when it controls a defined set of decisions. The DAO will focus on product direction and community spending. Contract safety parameters, emergency actions and legal restrictions will remain subject to their own technical and operational controls.

What Bearing holders will vote on

The proposed voting scope includes:

• Themes for future Mast indexes, including regional, sector and asset-allocation ideas.
• Research grants for index methodology, market structure and new integrations.
• Independent contract reviews, oracle infrastructure and monitoring.
• Liquidity programs and integrations that give Mast products more practical uses.
• Contributor grants and selected public-interest initiatives connected to safer participation in online communities.

A vote can express community preference, but it cannot make an unavailable price feed reliable, remove a contract safety check or override applicable distribution requirements. Products such as mKWEB will still launch only when their external infrastructure is ready.

How the community treasury is funded

Mast has built a separate fee allocator for eligible receipts that the treasury deliberately forwards to it. The allocator sends 75% to the community treasury and 25% to the protocol treasury. Eligible receipts can include identified synthetic-index mint fees, Mast Bearing mint proceeds and NFT royalties actually received by the treasury.

The allocator does not sweep the treasury's entire balance. Every allocation must correspond to identified receipts, and each transaction can be reproduced from onchain records. The DAO roadmap includes a public dashboard showing what entered the allocator, what reached each treasury and which approved proposals received funding.

The community treasury is a budget for approved work, not a dividend pool. A Bearing holder cannot withdraw a proportional share of it, demand a payment from it or redeem an NFT against its assets.

A proposed governance process

The first governance version should be deliberately simple. Proposals will begin with a public discussion that states the objective, requested budget, responsible party, delivery conditions and conflicts of interest.

After a basic technical and legal review, an eligible proposal can move to a time-limited vote using a published ownership snapshot. The initial model under consideration is one vote for each eligible Bearing. The final voting threshold, quorum, delegation rules and proposal bond will be published before the first vote rather than invented during it.

Early votes may require transparent execution by a treasury multisig while the governance contracts are tested. Every completed proposal should have a public record containing the vote, transaction, recipient and delivery report. A later onchain system can add timelocks and permissionless execution once those controls have been independently reviewed.

DAO rollout

Phase one: publish the governance rules, treasury addresses, allocation dashboard and proposal template.

Phase two: run the first votes on an index theme and a limited community grant.

Phase three: evaluate onchain proposal execution, delegation and timelocks after the manual process has produced enough evidence to review.

The DAO should grow from decisions the community is already capable of making. Adding governance contracts before the proposal process is understood would create complexity without meaningful control.

What a Bearing does not represent

A Mast Bearing is not equity in Mast, ownership of an index, collateral for a synthetic position or a proportional right to protocol revenue. DAO participation does not change those limits.

The direct economic utility remains the published rebate on eligible fees paid by the position using that Bearing. Neither the rebate nor governance participation guarantees that an NFT will increase in price.

The purpose of the DAO is narrower and more practical: let a defined community propose work, choose priorities and verify how an allocated community budget is used.

Before the first vote

Before opening the first vote, Mast will publish the proposed governance parameters for review. That document will cover proposal eligibility, voting power, quorum, conflicts, treasury execution, reporting and the process for changing the rules later.

The first useful DAO decision should be concrete and limited enough to verify. It could select a research brief for a future index, fund a defined infrastructure improvement or support a small public-interest initiative with a named recipient and transparent accounting.