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Current status

Equillar should be understood as a real technical foundation with visible gaps still to close before production use.

Status summary​

  • Soroban contract: implemented and tested
  • Audit: not completed
  • Deployment target: testnet only — functions are currently being tested there
  • Production readiness: not ready

What exists today​

The current protocol already includes:

  • Constructor-level configuration for financing terms
  • Role management for admin, operator, company, and manager
  • Investment intake and positions management
  • Refunds during fundraising
  • Payment rounds funded by company transfers
  • Company and commission withdrawals
  • Collateral support with oracle-based valuation
  • Emergency close activation and proportional payout
  • Pause and two-step admin transfer controls

What is still missing for Equillar to be production-ready​

At a minimum:

  1. External security audit
  2. Fixes from audit findings
  3. Stronger operational runbooks
  4. Clearer deployment and monitoring guidance
  5. Production readiness validation beyond unit/integration-style tests

Important framing​

The protocol being unaudited is not something to hide. It is part of the current state and should be communicated explicitly to reviewers, contributors, and integrators.