We wish everyone a Merry Christmas and a Happy New Year! In this year-end recap, we'll take you through our exciting journey, highlighting the launch of innovative products like Quest V2, Warlord, Dullahan, and Pledge, as well as our continued excellence in delegation services. Here's to an incredible year gone by and the promising future that awaits us in 2024!
Let’s dive in the December and Yearly recap 👇
Despite a challenging year for many projects, we stood strong and kept shipping! Pledge, Dullahan, Warlord, and our new flagship, Quest V2, exemplify our unwavering commitment.
Anticipate a year of substantial growth for 2024!
Quest:
Since Quest's inception, we have distributed over $6.5 million in vote incentives and collaborated with more than 35 partners. Notably, we achieved cross-chain compatibility through LayerZero, allowing users to deposit and retrieve rewards on more cost-effective EVM alternatives, expanding accessibility and reducing transaction costs.
Delegation:
In the delegation arena, we continued to outperform competitors with the lowest fees available. Users experienced over 10% higher rewards compared to our competitors, making delegation with Paladin the smart choice.
Warlord:
Warlord delivered a stellar year with hitting over 80% APR paid in ETH (real yield) and a growing TVL exceeding $500K. Excitingly, the upcoming Zap-In feature will streamline entry with ETH and stablecoins and we’re also exploring a L2 gateway to Warlord making participation even more accessible. (A shout out to @TholgarFi for their incredible $WAR auto-compounder!)
Dullahan:
Dullahan, a hidden gem, awaits the $GHO peg to $1 to unleash its full potential. This unique vault generates passive income for stkAAVE holders and offers reduced interest rates for GHO borrowers, fostering growth and incentivizing stkAAVE participation.
Pledge:
Pledge encountered some initial hurdles in sourcing creators. However, we continue to believe in its potential to transform the boost market.
However, we acknowledge that the boost market may still be unclear to some. We are actively exploring ways to demonstrate that boosting can offer profitability for all participants.
Tokenomic, the future and beyond:
Stay tuned for Tokenomic 2.0, a game-changer in the making! Governance decisions are in progress, and VF (Vote Flywheel) is set to be a major success.
TL;DR: Tokenomics 2.0 introduces the Vote Flywheel system and the ‘LOOT’ for revenue sharing to boost rewards for for Quest voters creating a win-win situation as the ecosystem grows.
Explore the threads below and follow Paladin's governance forum for the latest updates.
(old) Tokenomic thread
Quest is now Crosschain with LayerZero!
With Quest's cross-chain capability, you're not limited to Ethereum mainnet anymore. Voters can now claim rewards on multiple chains, no more worrying about high gas fees!
Learn more about Crosschain Quest in this thread.
Unlocking Maximum Returns: Paladin's Approachs
still unsure about the best way to maximize your returns? Paladin offers you two ways to do it for you, let's explore these options
Discovers the two options in this thread.
Weekly Gauge #57: Multichain Liquidity Migration
Uncover the intricate dynamics of Multichain Liquidity Migration in BalancerWhat's driving liquidity to Layer 2 solutions? How does it go beyond gas efficiency?
Dive into the details in this Weekly Gauge.
That’s about it for this month!
Be sure to visit Paladin Snapshot profile to not miss the latest proposals.
You can also participate in the discussion on the Governance Forum, and if you have any questions or suggestions, feel free to chat with the community on Discord.
Don't forget to also follow the latest information on Twitter, Lens and on Debank.