State of Paladin:
Can you feel it, anon? The holiday cheer is going strong, crypto and DeFi ecosystems remain a little more quiet than usual but the state of Paladin is STRONG! Between surpassing 700 $PAL wallet holders and 2200+ followers on Twitter, the Paladin team has completed another milestone: the vote to enable Liquidity Mining and which is now live!!
Current stats of LM campaign can be found below:
%age of staked TVL:
UNI : 91%
COMP: 89%
AAVE: 32%
stkAAVE: 28%
IDLE: 93%
Overall : 66%
So, what are you waiting for? Be part of the LM campaign now! We want you!
In all, a total of ~136.71k PAL were cast in votes with “For” receiving 99.81% of the vote with <1% either “Abstaining” or “Against”. This was our first vote and 10% of PAL was in play! The team has been really excited about the results and as of December 16th, our “PGP 1 - Team Allocation” vote is now live (<click here to vote with your $PAL before or on December 19th, 10:00 am).
The vote will remain active until December 19th. While not completely unique to Paladin, we always put transparency first. By holding this vote, we are letting the community decide if the team and future hires should have control of a certain % of tokens.
On December 8th, Paladin’s very own Figue was invited to speak on an Index AMA about Paladin. Recap of AMA of the can be found here. Here is a recap of some points brought up during the event:
If decentralized governance is not solved, a regulator could classify DeFi as “regular” tech.
We shouldn’t force token holders to choose between governance & liquidity bc LPs are usually protocol supporters.
Most in space care about speculation (coins) i.e. prices, not governance. Governance users need incentives & APY.
In order to curb plutocracy, the Paladin lending app works on a curve - more votes bought equals more money to pay.
Crypto is supposed to scale coordination - which allows building of organizations (DAOs) through decentralization.
The more “conflictual” governance is the more value it has. Inversely, the more an actor dominates a protocol the less value it has. With current voter turnouts of 5% or less, this leads to catastrophic results.
People will always try to buy votes so transparency i.e. seeing actor’s bags is key to taking on problem of bribes.
Paladin plans on adding an INDEX pool to the protocol and it is actively in development. Expect news soon!
To cap off 2021, Paladin held its fourth and final community call of the year. Besides covering our liquidity mining campaign, Index pool integration, and current events in DeFi, the team was very happy with the turnout!
This has been our largest turnout thus far and a total of 99 POAPs were distributed!
As always, there have been great organic discussions and fantastic contributions in our server. However, what floored our team in the past two week’s was a contribution made by none other last week’s KotW (Knight of the Week) and server member, Mduck.
Needless to say this video was pinned to the top of our Twitter. Thank you ser!
Also, we are happy to report that one of our pools is at #4 (now #3 as of December 17th, 2021) of APWine’s first “winelisting” event! We look forward to the vote results and to see our friends at APWine thrive!
Finally, our Head of Communications, Alejandro, spoke about the protocol with the one and only CryptoKenzie ! No Alpha was leaked but there is still a lot of juicy information and invigorating discussion. ;)
We here at Paladin wish you a safe end of the year and wish to see you continue being part of the DeGov revolution in 2022!
There is no DeFi without DeGov.