Prime Times #15: Paladin Launches today on Prime Launch, Partnerships: Symmetric & vitaDAO, Community: Prime Talks with friends w/ Chase Chapman
Monthly Newsletter
Welcome to Prime Times, a monthly primer covering the developments in and around PrimeDAO
In this edition;
Paladin Launching today on our launchpad ➝ LBP Link
Balancer friendly fork Symmetric partners with PrimeDAO to deploy Prime Launch on the CELO network
Partnership with VitaDAO
Community Events: Prime “Talk with Friends” with chase Chapman, Proposal Inverter Party with TE
Paladin Liquidity Bootstrapping Event on Prime Launch
Participation in DeFi with Better Yield Strategies
Those of us using in DeFi protocols over the last 2 years have acquired governance tokens at a sometimes alarming rate, and let’s face it, some of us simply do not have the time to participate in governance. That’s why Paladin has proposed a solution to voting participation by creating positive feedback loops for participants. They were the precursor of the vote lending approach, which enabled users who didn’t want to participate in governance to still benefit from yield strategies across DeFi protocols.
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 them to build new products and yield strategies for Paladin Warden and Paladin Lending, and most importantly, to create a market for the token.
What does $PAL enable holders to do?
Autocompounding your stkAAVE
Sell boosts to Curve LPs for veCRV holders
The Liquidity Boostraping Event ➝ Participate Here
Today, March 21st, at 11:00 AM UTC (12:00 PM CET, 6 AM US ET) the LBP will be deployed on Prime Launch and will last for 72 hours (ending March 24th at 11:00 AM UTC). The Paladin DAO will provide 1,000,000 PAL and $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.
Symmetric Partners with PrimeDAO to nurture the DAO ecosystem on Celo & Gnosis Chain
We are happy to announce that PrimeDAO and the balancer-friendly fork on CELO Symmetric have closed a partnership to deploy Prime Launch to Symmetric V2.0 on Celo and Gnosis chain, working together to create a launch program for the top DAOs in both ecosystems. This will bring Prime Launch’s fair launch capabilities built on Balancer v2 liquidity bootstrapping pools, accelerating the growth of DAOs in web3.
To seal the partnership, we will execute a token swap of 12,000 SYMM at $5 per token, with 120,000 D2D at $0.5.
About Celo
Celo is a mobile-first EVM compatible blockchain that makes decentralized financial (DeFi) tools and services accessible to anyone with a mobile phone. It aims to break down barriers by bringing the powerful benefits of DeFi to the users of the 6 billion smartphones in circulation today.
PrimeDAO Community Events
Chase Chapman on Talks with Friends
On March 11th, we had our second Talk with friends gathering with Chase Chapman. We reflected on the unseen aspects of decentralized governance, diverse token voting mechanisms, and their social consequences within organizations.
Proposal Inverter Party: modeling and cadCAD simulation
Together with Token Engineering Commons and Long Tail Financial, we hosted a Proposal Inverter Param Party for the first time. The Proposal Inverter working group presented the cadCAD (Complex Adaptive Dynamics Computer-Aided) design modeling and simulation to describe the mechanism’s unique characteristics. Stay tuned to our Discord and Twitter - the recording will be online soon.
Get Primed!
We’ve 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 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 let’s get connected!
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