Improving Governance Participation in DeFi with Better Yield Strategies: the Paladin Liquidity Bootstrapping Event on Prime Launch đ
Turning degenoooors into better governooors with governance minimization DeFi tools
No one knows when DeFi summer will truly end, but one thing is for certain â those of us participating in it have been accruing DeFi protocol governance tokens at a sometimes alarming rate, and letâs face it, some of us simply do not care about participating in governance.
Thatâs where the team at Paladin comes in.
Paladin has always been about understanding DeFi governance systems and their underlying tokenomics, and creating positive feedback loops for those participating in said systems. They were the forerunner of this approach by introducing vote lending, which enabled users who didnât want to participate in governance to still benefit from yield strategies built by Paladin, enabled by Paladin wrappers across DeFI protocols such as AAVE and Curve.
With the success of these products, the Paladin DAO is now looking to raise funds to bootstrap protocol-owned liquidity using Prime Launch. This will enable the DAO to build new yield strategies on top of the currently existing products Paladin Warden and Paladin Lending, new products the DAO has in development, and most importantly, to create a market for the token because the value of the PAL token contextualizes what the rewards for participating in PAL are worth.
What does $PAL enable holders to do, and what should you consider for this liquidity bootstrapping event?
- Autocompounding your stkAAVE with Paladin gets you LP fees and Safety Module rewards on AAVE. Before palStkAave, if you deposited stkAave into a contract that didnât claim the Safety Module yield you wouldnât accrue any rewards during the whole deposit rewards.
- Sell boosts to Curve LPs for veCRV holders. This allows individual farmers and yield aggregators to optimize their strategies and not spectate on the success of Convex and Curve bribes.
Bottom line: if youâre participating in DeFi, the Paladin team is constantly committed to building new ways for you to enact your agency and not be left behind â WAGMI!
How will the Paladin LBP on Prime Launch work?
On March 21st at 11:00AM UTC (12:00PM CET, 6AM US ET) the LBP will be deployed on Prime Launch and will last for 72 hours (ending March 24th at 11:00AM UTC).
The Paladin DAO will provide 1,000,000 PAL as well as $300,000 in ETH for this event.
The Prime Launch platform will help those interested in participating find a fair price, so there is no additional incentive to early participation. Please do not buy PAL at a price that you are not comfortable with!
How to get involved with the Paladin LBP Launch
- Participate in the Paladin treasury bootstrapping event on Prime Launch (link TBD â watch our Twitter and Discord for them when theyâre live).
- Sign up here for the upcoming Paladin-Prime Twitter AMA!
- Learn more about Paladin here, and read the documentation here.
Paladin Liquid Launch Details
Initial Funding Tokens provided: $300,000 worth of WETH
Paladin (Project Tokens): 1M PAL tokens (2% of full supply)
Start Weight: 96/4
End Weight: 50/50
Start Date: 21st of March
Start Time: 11 AM UTC (6AM US ET, 12PM CET, 22:00 AEDT)
End Date: 24th of March
End Time: 11 AM UTC (5AM US ET, 12PM CET, 22:00 AEDT)
Get Primed!
Weâve never been more confident that DAO2DAO interactions will drive the future of crypto networks. It has never been a more exciting point to get involved in Prime and reshape DAO coordination.
If youâre launching a new token or DAO, get in touch here, Prime Launch would love to chat with you.
If you are committed to enabling DAO 2 DAO innovation and are interested in collaborating with or getting involved in Prime, jump into our Discord now, and letâs get connected!
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