Charged Particles
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Charged Particles

Paragons DAO launch Vesting Capsules

Team tokens from the recent launch of $PDT are now inside Vesting Capsules powered by Charged Particles

Paragons DAO

Last week, Paragons DAO raised 13 M DAI in their Liquidity Bootstrapping Pool (LBP) on Copper Launch. Congratulations to all Paragons DAO community members!

Wait — who?

IKYMI, Paragons DAO is an “economic and social partner-DAO to promising blockchain-powered gaming ecosystems.” Its initial focus is on sci-fi trading card game, Parallel NFT, while looking to expand to other games.

How about the team token allocation?

Indeed — team tokens are inside Vesting Capsules. Each Capsule contains a linear vesting voucher of $PDT.

Specifically, 17 Vesting Capsules have been minted — one for each of the ParagonsDAO founders. Indeed, each is a 1 of 1 Vesting Capsule, customized for each founder — the ‘description’ metadata field names the founding owner. While these can be freely traded, the original founder remains named in his Vesting Capsule.

A total of 16.8 million $PDT have been vested inside these Vesting Capsules, for a Total Value Locked of $25.2 million. TVL in Charged Particles is growing!

From Vesting Capsules to Governance Vessels!

DeFi Ted has gone on to call these NFTs, “Governance Vessels” for staking.

What does that mean?

To sell founder tokens, the owner would first need to remove the vesting voucher. Therefore, keeping the voucher inside is a mechanism of staking, while removing it would be un-staking.

DeFi Ted, has indicated that “there are plans to add to this Capsule. The capsule will be able to receive passive returns just like a staker, as long as the voucher stays in the NFT. The behavioral economics of it makes sense.”

Wait — what are Vesting Capsules, again?

As recently described by Ben Lakoff, Vesting Capsules are tradable token vaults enabled by Charged Particles. To quote Ben, they “are going to be 🔥🔥”.

🔥 Twitter Thread

The Magic of Vesting Capsules

Until now, vesting cryptocurrency tokens has meant locking them within a contract until a certain time. Simple — does what it says on the box.

  • But what if you wanted to trade your position as the recipient of those tokens — even though the tokens cannot hit the market.
  • What if you wanted to use your position as collateral, to borrow against?

Vesting Capsules makes both of these possible!

While tokens remain vested inside, Capsules can be freely traded and collateralized by their owner — effectively making their equity/position liquid.

Vesting Capsules allow investors to trade and collateralize their vesting positions, while locking tokens away from the market. Liquid positions, locked tokens.

Three steps to vest. One step to un-vest. Unlimited upside.

We proudly add Vesting Capsules to the growing suite of applications of Charged Particles…

Vesting Capsules | ✅ NFT Trust Accounts | ✅ Gift Baskets | ✅ Improved NFT Index Funds | ✅ Financially Appreciating Artworks | ✅ Nested Bundles of Artworks | ✅ Redemption Tickets | ✅ Creative Crowd-funding Campaigns
Company Token Promotions

About Charged Particles

Charged Particles is a protocol that allows users to deposit ERC-20, ERC-721, and ERC-1155 tokens into NFTs. A scarce NFT (e.g. Art, Collectible, Virtual Real Estate, In-Game Item, etc.) can now be transformed into a basket holding a number of other tokens. The Principal amount can be time-locked inside the NFT, and through integration with Aave’s aTokens, the programmable yield from these DeFi yield-generating assets is just a few clicks away.

Stay in touch with Charged Particles

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Rafael Hoekstra

Rafael Hoekstra

Long on crypto, short on sleep, writer on Medium | RafaelHoekstra.com