Palladium incentivized testnet is live on Botanix’ Spiderchain

Akash Gaurav
Palladium Labs
Published in
2 min readDec 5, 2024

Circuit Breaker: Earn Joules, grab collectible badges and mint surprise NFTs. Lets have some fun!

First off, what is Palladium?

Palladium is more than just another stablecoin protocol. It’s a revolution — a bold step towards a Bitcoin-standard world.

Stablecoins are essential bridges connecting today’s fiat system to a decentralized future. However, current options are either censorable or unreliable.

Palladium’s $PUSD changes that.
We are proud to unveil a stablecoin that embodies Bitcoin’s ethos:

  1. Over-Collateralized by Bitcoin
    Secured by the most robust asset in the crypto ecosystem.
  2. Secured on the Bitcoin Network
    Built on the decentralized backbone of Botanix Labs’ Spiderchain.
  3. Governance-Free AMO, like Bitcoin
    Operates autonomously, taking inspiration directly from Bitcoin.

The result?
A stablecoin as secure, decentralized, and resilient as Bitcoin itself.

How does $PUSD comes in circulation?

The power to create $PUSD lies only with Bitcoiners like you.

Stake your Bitcoin (non-custodially, always in your control).

Mint stablecoins with a one-time fixed fee — no recurring interest!

Use the stablecoins however you like:

  • Leverage up your Bitcoin position.
  • Feeling wild? Ape into meme coins
  • Or just cash out to buy a Ferrari!

Do all of these without ever selling your Bitcoins. Knowing that it's securely stored in a smart contract that only you can access.

Want your Bitcoin back?
Simply repay the minted stablecoins and withdraw your BTC — no strings attached.

Introducing: Circuit Breaker Incentivized Testnet

We’re building the most decentralized and secure stablecoin ever, and we need you to make it perfect!

Here’s how you can participate (and earn rewards):

🔋 Earn Joules Points

Engage with Palladium’s ecosystem by minting $PUSD, adjusting positions, staking in the Stability Pool, transferring $PUSD, or interacting with our partner protocols. Every transaction you make earns Joules points.

🏆 Grab Exclusive Badges

Complete in-app quests to unlock milestones, earn rewards, and collect rare badges.

🎨 Surprise NFT Mints

Keep your eyes peeled! Special NFT drops will occur without notice. Some NFTs will be accessible exclusively to top contributors, while others will be free for anyone to mint. But act fast — once the minting window closes, they’re gone forever.

Get Started Now!

Join the fun, earn rewards, and help build the most resilient stablecoin ever.

👉 Join the testnet

👉 Testnet guide

Let’s build the bridge to a Bitcoin-standard world together. 🌍

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Akash Gaurav
Akash Gaurav

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