Paladin (@paladin) β’ Hey
Markets for Influence and Voting Rights Across DeFi
π‘οΈ Links : https://linktr.ee/paladin_vote
βοΈ Discord : http://discord.gg/SmgztXzYan
π° Newsletter :
Publications
- **Dullahan is live! The go-to app for $AAVE holders and $GHO borrowers is back**
π» dApp: https://dullahan.paladin.vote/Β
π° Full article: https://keep.paladin.vote/blog/dullahan-is-live/Β
With $GHO flooding the market, this is great news for $AAVE holders and stablecoin enthusiasts alike. Now, users can access passive yield or reduced borrowing rates, unlocking new DeFi possibilities.
Paladin's expertise in creating passive strategies for $stkAAVE holders is well-established, and with Dullahan, it's taken to the next level by adapting it for $GHO borrowing. This allows borrowers to leverage a lower interest rate and contribute to a win-win flywheel.
Dullahan is a first-of-its-kind vault for the $AAVE ecosystem, designed to bolster $GHO growth and adoption while incentivizing stkAAVE participation. Depositors can enter the vault with either stkAAVE or $AAVE, ensuring maximum flexibility and rewards.
**HOW IT WORKS**
Letβs briefly outline how both depositors and borrowers can interact with Dullahan. π
**DEPOSITORS:** To earn passive yield, head to the deposit tab, choose $stkAAVE or $AAVE, and stake in one seamless process. Staking $dstkAAVE is necessary to earn $GHO renting fees and other rewards. Otherwise, you'll only earn APR from the safety module's auto-compounding.
**BORROWERS:** To borrow discounted $GHO, create a borrow pod for managing your collateral on @AaveAave V3, deposit your desired collateral, and then borrow $GHO with the discount rate applied automatically.
Security is a top priority, and Dullahan has undergone a thorough audit by @pessimistic_io, made possible through our partnership with @AaveGrants
Deposit and borrow today at https://dullahan.paladin.vote/Β
- The long-awaited **Dullahan** will soon be deployed !
Learn more about how Paladin offers a passive income opportunity for stkaed $AAVE holders and reduced interest for $GHO borrowers : https://keep.paladin.vote/blog/dullahan-teaser/
- Paladin Community Call #20
Missed the last Paladin Community Call? It's okay, Here's a replay π
- Token emissions play a crucial role in bootstrapping liquidity for decentralized exchanges. Check out this article to understand the importance of emissions costs and value creation in ensuring protocol sustainability.
π https://weeklygauge.substack.com/p/weekly-gauge-50-tokenomic-maturity?sd=pf
- At the Citadel - Quest AMA with Gravita
Recently, we had the pleasure to receive Gravita and Timeless to discuss about their Bunni Quest
Here's a full record of this AMA published on @lenstube πΊ
- Warlord is offering a nice **40%** vAPR to staked $WAR holders !
Here's a recap on what you can expect as rewards π§΅π
- $WETH: from vote incentives, stablecoins and FXS rewards π€π°
- $cvxCRV & $auraBAL: (staked) to earn more AURA and CVX βοΈπ
- $WAR: as auto compounded CVX and AURA reward βοΈπ
You can mint $WAR with $AURA and/or $CVX on Warlord to start earning flywheel rewards today, block by block!Β
Mint, stake & earn on https://warlord.paladin.vote/ !
- Paladin's auto-voters are still going strong!
Tip: Since the wrapper voting round ended, its now the best time to delegate your $vlCVX and $vlAURA to Paladin and start accumulating rewards claimable at any time
Look at the performance of the previous voting round
- Choosing the right tokenomic strategy is crucial for project sustainability. Understand the importance of aligning emissions with your product or service in order to harness liquidity and protect native assets.
Find out more insights π
https://weeklygauge.substack.com/p/weekly-gauge-49-tokenomic-efficiency?sd=pf
- Discover the secrets to creating a successful vote incentive market for your protocol. Learn from valuable experience and explore key mechanisms for success.
https://keep.paladin.vote/blog/how-to-create-an-incentive-market/
- Thriving in a Changing Landscape - As voting incentives markets evolve, sustainable approaches are crucial. Paladin's Quest tackles complexities while striving to improve market fit.Β
Discover the path to efficient and adaptable governance models!
https://weeklygauge.substack.com/p/weekly-gauge-48-efficiency-of-predictability?sd=pf
- Capital Efficiency Unleashed: Dive deeper into the analysis of lending-oriented stablecoins. Rediscover the capital efficiency of the DeFi stack through the case study of Omnipools.
Read the article here π https://weeklygauge.substack.com/p/weekly-gauge-47-a-new-stablecoin?sd=pf
- Excited about the @Uniswap v4 vision ?
Letβs grow Uniswap liquidity with Timeless Bunni & Quest ! π€
Vote now on Quest with your $veLIT :
π https://app.warden.vote/quest/?protocol=lit
- Paladin is proud to unleash Warlord: The first yield-bearing index for easy exposure to $CVX and $AURA βοΈπ‘οΈ
π» dApp: https://warlord.paladin.vote/Β
π° Full article: https://keep.paladin.vote/blog/unleashing-warlord/Β
π doc: https://doc.paladin.vote/warlord/overviewΒ
βββββββββββββββββββββββββββββββββββββββββ
βοΈ What is Warlord?
Warlord automates the management of $CVX and $AURA positions. By depositing and minting $WAR, users can stake into the system to earn revenue from protocol rewards and vote incentives.Β
βββββββββββββββββββββββββββββββββββββββββ
βHow to mint $WAR ?
Users are required to deposit either $CVX or $AURA tokens to mint $WAR. For enhanced user convenience, it is possible to simultaneously mint and stake into $stkWAR in a single transaction.
The current fixed ratio is 1:1 with $CVX and 1:2 with $AURA.Β
βββββββββββββββββββββββββββββββββββββββββ
π° Rewards:
Vote incentives are distributed in $WETH while $BAL and $CRV are earned as $auraBAL and $cvxCRV to farm more $AURA, $BAL, $CVX & $CRV.Β
Note that any $AURA or $CVX earned is auto-compounded into more $WAR.
Other rewards include $PAL, $FXS and $cvxFXS.Β
βββββββββββββββββββββββββββββββββββββββββ
π Redeem $WAR Tokens:
You can always redeem $WAR for its backing assets. Initiate redemption and get placed in the queue for unlocked tokens. Once accessible, proceed with redemption and withdraw your tokens.
- π£οΈ Hear ye, hear ye, $CVX and $AURA pals !Β
in 24h, the ultimate set-and-forget vote incentive app heralding a new era for @ConvexFinance and @AuraFinance enjoyers.
Prepare to join the ranks of victorious $WAR holders.Β βοΈπ‘οΈ
Stay tuned!Β
- #LENSCAST - Ep.6: HOW PALADIN MAKES GOVERNANCE GREAT AGAIN
This sixth episode features @figue_me, Founder at @paladin! ποΈπΏ
π‘οΈ Paladin is the leading decentralized influence protocol that allows you to deposit, borrow, and manage governance tokens
Wanna be part of the next edition? Our DMs are wide open! π
#Lenstube #Lenster #Lensta #Phaver #Orb #LMCC #Lensverse #News #Podcast #YouMeme
- 01.06.2023 β Brace yourselves βοΈπ‘οΈ
- Weβre happy to welcome two @Balancer Quests from @AuraFinance offering 0.0704$/veBAL, i.e. 28,49% APR!Β
There still are 331,782 $veBAL remaining for the WETH-AURA gauge QuestΒ
& only 25,505 $veBAL remainingΒ for the $auraBAL gauge QuestΒ
vote now on π https://app.warden.vote/quest/
- Join Paladinβs Brotherhood epic campaign and level up for glorious rewards! ππΒ
Unleash your strength, complete quests, and conquer the @Zealy_io leaderboard.Β
Don't miss out on the chance to win custom Paladin gear or an orange Ledger.Β
π https://keep.paladin.vote/blog/brotherhood-campaign-2/Β
- In this insightful article, the concept of real yield in DeFi and the role of fees in protocol sustainability are explored. Discover how LP based gauge tokenomics, like $veBAL, can strengthen revenues for both protocols and users.
π https://weeklygauge.substack.com/p/weekly-gauge-45-fees-and-alignment?sd=pf
- This week, we're diving into Boosted Pools. Find out how they work and why they are the future of liquidity in DeFi π
https://weeklygauge.substack.com/p/weekly-gauge-44-balancer-boosted?sd=pf
- Here are the top stories from Aave Grants β¬οΈ
We announced 6 new grantees! Check out what each of them is building and give a warm welcome to the Aave Grants fam π»
1οΈβ£ Delta One
2οΈβ£ Dullahan by @paladin.lens
3οΈβ£ @tokenterminal.lens
4οΈβ£ Credit Delegation Marketplace
5οΈβ£ Sharpe Magnum
6οΈβ£ LeverEdge
https://lenster.xyz/posts/0x03-0x4b
Bom dia degens! Aave Grants will be at the ETHGlobal Lisbon hackathon this weekend with gigabrains from Aave fam, π₯ swag and $10k in prizes to teams building on Aave and GHO π΅πΉ
https://lenster.xyz/posts/0x03-0x4a
Join Ronnie to wrap up ETHLisbon with a rAAVE on the beach!
https://lenster.xyz/posts/0x04-0x3a
Explore More from the Aave Ecosystem π»
π» Message Graham if you want to give feedback on the Aave interface https://twitter.com/0x4Graham/status/1649225900909793280
βοΈ Catch up with recent governance activity with @boardroom_infoβs weekly update
https://governance.aave.com/t/governance-weekly-recap/9937/41?u=0xbilll
β
Participate in this level 2 AIP on updating the Aave Safety Module https://app.aave.com/governance/proposal/?proposalId=214
π―π΅ Claim a Lens handle if you minted a POAP at the Aave booth in Tokyo https://lenster.xyz/posts/0x02-0x4a
πΏ Try out Aave on Metis (now live!) https://twitter.com/MetisDAO/status/1655617471968161793
- Paladinβs auto-voter is still the best-performing! π₯
Tip: Since the wrapper voting round ended, it's now the best time to delegate your $vlCVX, $vlAURA and $veTETU to Paladin and start accumulating rewards claimable at any time
Look at the performance of the previous votinground π
- Unlocking the power of probabilistic models in DeFi governance wars: Our latest article explores the efficiency of Hidden Markov Models and Maximum Likelihood Estimation in forecasting future $/vote ranges.
Don't miss out on Part 3 of our mini-series!
https://weeklygauge.substack.com/p/weekly-gauge-43-voting-incentive
- Another well performing voting round for the Paladinβs auto-voter !Β
Tip: Since the wrapper voting round ended, its now the best time to delegate your $vlCVX, $vlAURA and $veTETU to Paladin and start accumulating rewards claimable at any time π°
Look at the performance of the previous voting round π
- March Grantees are in! Featuring a range of exciting projects building on Aave and @gho.lens. We're proud to welcome 6οΈβ£ new projects to the Aave Grants fam π»
1οΈβ£ Delta One
Delta One will conduct a deep-dive analysis on participants in Aave's Safety Module. Creating a model for rating LPs based on a variety of factors like time in the pool, liquidity depth, stickiness during times of volatility & selling of rewards.
2οΈβ£ Dullahan
@paladin.lens is taking their stkAAVE vault to the next level by adding the utility from the GHO discount minting. The vault will auto-compound deposited stkAAVE, create a market for the GHO discount minting, and help onboard less crypto-savvy users to mint GHO.
3οΈβ£ Token Terminal
@tokenterminal.lens has fully integrated Aave into its dashboard, allowing anyone to view detailed metrics covering Active loans, TVL, Fees, Supply-side fees, Revenue, Token Incentives, Earnings, Treasury, Active users, and much more.
4οΈβ£ Credit Delegation Marketplace
ProtoFire.io is creating a marketplace for under-collateralized lending. Lenders and borrowers can connect on a user-friendly and transparent platform to browse opportunities, discuss the terms & conditions and reach a loan agreement. Through a nouveau UI/UX-focused platform, Liquidity Providers can check borrowers' profiles and scores, offer their credit, and monitor active loans. Borrowers can browse for opportunities, check their positions, and manage their debt.
5οΈβ£ Sharpe Magnum
Sharpe Labs is building a leveraged staking layer on top of Aave. Sharpe Magnum functions as a staking optimizer, enhancing the capital efficiency of staking pools by effortlessly leveraging staked assets via Aave lending and flashloans.
6οΈβ£ LeverEdge
LeverEdge is building a leveraged trading protocol that uses the liquidity of Aave V3 to long and short assets widening the use case of liquidity deposited on Aave V3.
Congratulations to all six grantees!
If you would like to learn more about what AGD has been up to the last month including progress updates from past grantees check out our recent work update on the governance forum: https://governance.aave.com/t/agd-renewal-4-recent-work-updates/11585/3
- Understanding the dynamics of vote incentives is crucial for successful governance in DeFi protocols. In part 2 of our mini-series, we explore the differences between fixed and variable rates and the role of delegation in shaping the final $/vote ratio
π https://weeklygauge.substack.com/p/weekly-gauge-42-vote-incentives-price
- Another well performing voting round for the Paladinβs auto-voter !Β
Tip: Since the wrapper voting round ended, its now the best time to delegate your $vlCVX, $vlAURA and $veTETU to Paladin and start accumulating rewards claimable at any time π°
Look at the performance of the previous voting round π
- Another well performing voting round for the Paladinβs auto-voter !Β
Tip: Since the wrapper voting round ended, its now the best time to delegate your $vlCVX, $vlAURA and $veTETU to Paladin and start accumulating rewards claimable at any time π°
Look at the performance of the previous voting round π
- @llamaxyz.lens is thrilled to propose a revised outlook for the @aaveaave.lens Safety Module to the community.
Following feedback, the strategy was split in 6 posts on the Aave forum.
The summary can be found here, but this post will dive into each topic
https://governance.aave.com/t/discussion-safety-module/12029/9
The strategy aims to improve the SM design on several aspects, such as:
~ Increase the SM cover value
~ Improve Incentives management
~ Increased SM depositors rewards
~ Reduction of the cover cost
*PART I: Migrate the StkABPT to @balancerprotocol.lens V2*
The publication proposes an update of the initial SM pool parameters to consider several configurations on Balancer
~ B-80AAVE-20wETH
~ B-80AAVE-20wstETH
~ B-50AAVE-50wETH
~ B-50AAVE-50wstETH
Proposal I: https://governance.aave.com/t/temp-check-safety-module-update-part-i-migrate-aave-weth-balancer-v1-pool-to-balancer-v2/12748
*PART II: Assets diversity, SM Categories & Slashing*
This proposal introduces risk tranching by creating 3 categories with different slashing, parameters & rewards
~ Single Assets: Similar to current design (Reduced emission, 30% max slashing)
~ Volatile & Stable BPTs: LPs staked in Balancer gauges through @AuraFinance
(BAL + AURA rewards, 45% max slashing for volatiles, 60% max slashing for Stables)
Proposal II: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-ii-asset-diversity-sm-categories-slashing-updates/12749
*PART III: Enable smBPT gauges*
This proposal proposes to improve the capital efficiency in the SM by creating gauges on smBPT instead of classic BPT
To generate enough BAL + AURA rewards, the Aave DAO will need to attract vote on the associated gauges, which can be done by voting or creating vote incentives for veBAL & wrappers holders.
Classic gauges would dilute the SM reward budget since anyone could receive yield while bypassing the SM risks & cooldown.
smBPT allows anyone to deposit in the pool & earn fees, but only SM depositors would receive BAL + AURA rewards.
Proposal III: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iii-enable-gauges-on-bpt-in-safety-module-smbpt/12750
*PART IV: Incentives management upgrade*
This proposals focuses on updating the current AAVE reward budget management
~ 25% of the current SM budget as liquidity mining on single assets (no gauges)
~ 75% of current SM budget as vote incentives on smBPT gauges through Warden Quest by @paladin.lens for volatile & stable BPTs categories
This allows to leverage the premium of gauge weight power compared to direct liquidity mining and benefit from several Quest benefits such as
~ Defined amount of votes needed
~ Fixed reward / vote paid to voters
~ Ability to retrieve unspent rewards
~ Incentivize veBAL & wrappers
Proposal IV: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-iv-incentives-management-upgrade/12751
*PART V: veToken Management framework*
This proposal aims to define a framework to manage the strategic assets locked on the collector contract by electing a committee in charge of the following actions
~ Lock / relock assets
~ Cast gauges votes
~ Monitor the market
~ Create the Quests
~ Claim & Compound the yield
Proposal V: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-v-vetoken-holding-management-framework/12752
*PART VI: Future considerations*
This proposal aims to recap the design proposed and add future considerations for this strategy
~ Progressive incentives migration to the new design
~ Incentives budget sustainability
~ Protocol Owned liquidity considerations
~ Framework to add new assets to the SM
Proposal VI: https://governance.aave.com/t/temp-check-safety-module-upgrade-part-vi-future-considerations/12753
Looking forward to get feedback on the forum and discuss these topics with the community
- 2 days and few hours left for all $veCRV & $veBAL holders to vote before the end of the @Balancer & @CurveFinance voting round !
Vote now and receive nice rewards on Quest :
π https://app.warden.vote/quest/
- 5 days and few hours left for all $veCRV & $veBAL holders to vote before the end of the @Balancer & @CurveFinance voting round !
Vote now and receive nice rewards on Quest :
π https://app.warden.vote/quest/
- Understanding the fair price of votes is crucial in governance wars. The latest Weekly Gauge article dives into the Rate to Volume correlation and how to quantify it.
Check out the insights and analysis here:
π https://weeklygauge.substack.com/p/weekly-gauge-41-vote-incentives-pricing
- Few hours left for all $veCRV & wrappers holders to vote before the end of the @CurveFinance voting round !
Vote now and receive nice rewards on Quest :π https://app.warden.vote/quest/
- Few hours left for all $veBAL & wrappers holders to vote before the end of the @Balancer voting round !
Vote now and receive nice rewards on Quest :Β
π https://app.warden.vote/quest/
- 3 days and few hours left for all $veCRV & $veBAL wrappers holders to vote before the end of the @Balancer & @CurveFinance voting round !
Vote now and receive nice rewards on Quest :
π https://app.warden.vote/quest/
- $2M+ of total rewards distributed ! π°
A great achievement, but this is just the beginning. Expect to go on many more Quests in the coming months with our incredible partners and many new ones ! π«Ά
- Weβre happy to welcome the poly-USDR+am3CRV gauge as new @CurveFinance Quest from @tangibleDAO !Β
The Quest requires 22M votes and provides a nice 24,34% APR (0.0049 $DAI / $veCRV) to all voters, @ConvexFinance wrappers included ! π³οΈ
π vote now on Quest : https://app.warden.vote/quest/details/?quest=37
- To follow up on last week's article introducing the regulatory concerns of Governance Wars, find out the interview of @HugoBordet1, our legal man and the @adan_asso regulatory affairs manager πβοΈ
π https://weeklygauge.substack.com/p/weekly-gauge-40-governance-wars-and
- At the Citadel Quest AMA with Morpho
Recently, we had the pleasure to receive @MerlinEgalite for this great AMA to discuss about @MorphoLabs, their Balancer strategy as well as the bb-ma2-USD gauge Quest π¦π‘οΈ
- 5 days left for all $veCRV & $veBAL holders to vote before the end of the @Balancer & @CurveFinance voting round ! π³οΈ
Vote now and receive nice rewards on Quest :
π https://app.warden.vote/quest/
- The latest Weekly Gauge is an insightful article exploring the legal and philosophical questions surrounding the governance of DeFi protocols and the challenges of regulatory frameworks. Check it out below. π§ββοΈπ³οΈ
π https://weeklygauge.substack.com/p/weekly-gauge-39-governance-wars-and
- Only few hours left for all $veCRV & $veBAL wrappers holders to vote before the end of the @Balancer & @CurveFinance voting round !
Vote and grab rewards now on Quest :
π https://app.warden.vote/quest/
- 3 days and few hours left for all $veCRV & $veBAL wrappers holders to vote before the end of the @Balancer & @CurveFinance voting round !
Vote now and receive nice rewards on Quest :
π https://app.warden.vote/quest/
- Weβre happy to welcome @MorphoLabs as new @Balancer Quest creator for the bb-ma2-USD gauge !Β
The Quest requires 17,500 votes and provides a nice 32,5% APR (0.11 $USDC / $veBAL) to all voters, wrappers included ! π³οΈ
π vote now on Quest : https://app.warden.vote/quest/details/?quest=46Β
- Paladin Community Call #17
Missed the last Paladin Community Call? It's okay, Here's a replay π
- If you own $veSDT and you donβt delegate your boosting power, youβre missing ~29% APR as EXTRA revenue π
Want to know more about our veBOOST Marketplace?
*Learn more in the thread below π*
**WHAT IS WARDEN BOOSTS?**
Warden Boost is a non-custodial market based on the veBoost system. Through the ve-ecosystem, veTKNs hold multiple utilities. One of them is to boost up to 2.5x the rewards LPs can earn from emissions.
**WHY USE WARDEN BOOSTS?**
With the ability to sell your boost power, and keep/sell your gauge weight voting power, you can finally unlock the FULL potential of your veTKNs !
**HOW WARDEN BOOSTS WORKS?**
To create a Boost offer on Warden, sellers register and set their prices once with full control over the amount and length of buys Buyers then buy the boost they need to maximize their gauge multipliers to increase the yield on their provided liquidity
- Our next Community Call will take place on March 30th at 6pm CET / 12 p.m. EST !
#POAP is expected π
Donβt be late, join us on Discord and set a reminder π
π https://discord.com/events/832216920387878922/1089822865605533786
- Discover how Bunni's liquidity engine and veTokenomics position itself as the first field for governance wars on top of @Uniswap liquidity and can attract major LP managers such as @ArrakisFinance, @ichifoundation or @GammaStrategies.
π https://weeklygauge.substack.com/p/weekly-gauge-37-uniswap-v3-warrior
- Paladin's auto-voter is unbeatable!
Tip: Since the wrapper voting round ended, its now the best time to delegate to Paladin and start accumulating rewards claimable at any time π°
Look at the performance of the previous voting round π
- Only few hours left for @Balancer & @CurveFinance Wrappers holders to vote on this voting round !Β
Quests are almost full, be quick and vote now on https://app.warden.vote/quest/Β ! π³οΈ