State of Paladin
Greetings Pals! Welcome to the ninth edition of our newsletter. It has now been over two weeks since $PAL went live with pools now on Balancer and Curve.
As per the passage of PGP-7, we added 600,000 $PAL to the POL (Protocol Owned Liquidity) strategy which serves to add depth to the POL owned by our community treasury.
As of this writing, we now have 3.1m $PAL in circulation out of the max 50,000,000. And as of this past week, we now have a total TVL of $15M on Paladin Lending and 4.8m veCRV managed by Warden. 66% of $PAL is now currently delegated to get voting power.
CRE8R DAO Partnership
We have continued our content partnership with CRE8R DAO and their work has never ceased to amaze us.
Just like two weeks ago there is so much content that they have created that you will have to check out our Twitter feed and see it for yourself.
On the path
The focus on Paladin since the LBP and moving forward is three pronged: focusing on our flagship stkAave yield strategy, further developing Quest for Warden, and adding utility to the $PAL token through our tokenomics. Awesomely, the vote to move forward on our tokenomics just passed with flying colors (see below). You can also read more about our tokenomics here .
In true DAO fashion, we have also been hard at work decentralizing all of our operations through our new working groups called “Orders”. The first of these are: Treasury Management, Business Development, and the Creative Guild. We will be holding a workshop brainstorm with our contributors ideas for the working groups and others next Thursday, April 14th here. These working groups will then be a put to a vote. The contributor framework revamp will follow.
Our 8th Community Call was held on Thursday! If you are hungry for more information, sit back with some Mead and watch the above.
Until next time Pals! (🛡️,🛡️)
Bonus memes: