The community's starting answer was USDC — the least novel, most liquid option available for a first real-money listing. That's where the next two stages pick up.

A separate, non-speculative data point: LNTN (the validator-specific staking receipt covered on Page 2) was also planned as CDP collateral — but that was never implemented either, independent of anything ASMv3-related. Two different collateral expansions, both real plans, neither shipped.

This mirrors Page 4's Contract Portability framing: the AFP's whole pitch is that decentralization means choice at the product level, not a single protocol-wide default imposed on every listing.

The Hyperlane deployment onto both Bakerloo and Mainnet, and the specific projects that used it below, come from community record rather than independent public confirmation — the same standing the Feb 2026 stand-down has on Pages 5–6: stated as reported, not verified.

Real confirmed mechanics behind each expiry, per Canonicals' own UI: a prediction is a single value (not a range) staked against a lognormal or normal price model — e.g. a real CrudeOilBrent-W expiry showed a $60–$150 prediction range, 40% annualized volatility, a 100 fUSDC minimum stake, and a 2.25% expiry fee. Payout uses three named parameters — Multiplier, Alpha, and Time cost — rather than a simple linear payout, and a "What others think" panel shows the pool's average prediction and largest single stake before an expiry resolves. Expiries move through a visible lifecycle (Pending → Live → Cancelling/Tradeout → Settlement); a "Cancelling" expiry lets forecasters withdraw their stake.

Collateral shown as fUSDC — explicitly a fake/test token, not real USDC. Canonicals' beta runs on Sepolia and Monad mainnet in addition to its Autonity deployment.

The stated long-term direction for AFP was a perpetual-style contract — no expiry, continuously funded, the same shape as a Hyperliquid or dYdX perpetual (see Page 4's comparison) but settling on arbitrary time-series data instead of just crypto prices. Dated Forecast Futures were the practical way to get there: simpler to clear, simpler to price, and a real product to ship while the harder perpetual-funding mechanics were worked out.

Contract duration itself was never fixed by the protocol — a product's contract designer could have set it to daily or semi-weekly if they'd wanted to. In practice, the products actually deployed during Forecastathon were weekly, monthly, and quarterly. The gap between "could have been much shorter-dated" and "what actually shipped" indicates how far the roadmap had moved toward a perpetual-shaped product by the time development stopped in February 2026.

Two open questions follow from the above. First: if AFP had shipped a genuine perpetual contract, would its funding-rate mechanism have needed the same free-floating ATN (ASMv3) that endogenous collateral depends on — or could it have worked with the pegged v1/v2 ATN this page treats as unsuitable collateral? Second: was "dated futures first, perpetuals later" a deliberate de-risking sequence, or simply the point the roadmap had reached before the February 2026 stand-down? The public record does not settle either question.