Summary:
Proposal to add the PAL/ETH pool to the Gauge controller to enable users to assign a gauge weight and mint CRV.
Abstract:
Our proposal aims to deepen the PAL/ETH liquidity and provide a way to activate synergies between Curve and Paladin.
Paladin is a governance lending protocol that introduced influence market. Their goal is to increase the capital efficiency of governance tokens, raise turnout, without compromising the decentralization of a project. Most notably, Paladin released in January 2022 a boost marketplace for veCRV, now managing over 5m veCRV.
References/Useful links:
-Website: https://www.paladin.vote/
-Documentation: https://doc.paladin.vote/
-Github Page: Paladin Finance · GitHub
-Twitter: https://twitter.com/Paladin_vote
-Discord: discord.gg/SmgztXzYan
Motivation:
Paladin has invited veCRV voters to join the DAO during its bootstrapping phase by claiming an airdrop. We then introduced Warden, an app that seemed like a veBoost marketplace at launch, but will soon morph into a full stack boost and gauge marketplace for veCRV holders.
We believe the time has now come to request a gauge to deepen the liquidity and push traders to trade for PAL on Curve. This will invite more holders to provide liquidity on Curve and enable the DAO, who is a major liquidity provider to also start accumulating CRV.
Specifications:
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Governance: The current Governance of Paladin is composed of a Forum to discuss Proposals, a Snapshot space to vote, and the execution (if needed) of a vote is currently handled by the Paladin team Multisig (Gnosis Safe, 3 out of 5, current members: Core team members, investors, community member). The Paladin DAO is currently in the process of moving from the current Multisig to a Community Multisig where the members are elected through the DAO voting process (PGP-8). This Multisig will receive admin rights over the smart contracts, as a temporary step before moving to on-chain Governance control of the smart contract (with a Timelock system).
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Oracles: The protocol does not use Oracles.
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Audits:
-Paladin Audit
-Warden doesn’t have an audit as it is not custodian of any funds outside of Warden
-Quest just finished an audit, which is currently being written
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Centralization vectors: Paladin Loans need to be killed when close to the expiry date, which is currently made through a bot managed internally (but the methods to kill Loans are open to any user wanting to kill them and receive the killing rewards).
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Market History:
-Curve pool: Curve.fi 2 active since March 2021.
-TVL: $ 1.8 Million
Vote :
For / Against / Abstain
Let’s boost the synergies between Paladin and Curve up a notch!
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