Summary:Swap 24.750 PAL for 69,000 D2D OTC with a 30D moving average (figures will be updated when the vote is passed)
Context:
PrimeDAO is a partner that has helped us launch $PAL with an LBP on Prime Launch and who has now released a new platform called Prime Deals. They offered to reinforce our links by doing an OTC swap.
Rationale:
Prime is creating financial services for DAO’s “corporate lifecycle” (fundraising, deal-making and liquidity) like investment banks have been doing in TradFi. Their approach is very synergistic with ours, as we are trying a similar approach but for “corporate governance”. Combined, we can give a vertical service to DAOs from 0 to becoming a live-player.
While not exclusive, our swap would incentivize Prime to collaborate with us on their vote lending strategies on Balancer (in which they are very well integrated) as well as help us benefit from the upcoming Prime Pools for our Balancer PAL-USDC gauge.
Means:
24,750 PAL
Sustainability:
To make this swap fairer we suggest doing a 30-day TWAP price feed
There is currently no locking system on Prime’s D2D and we’d like to fully benefit from its utility once live, but we could vest / lock, of course.
That’s a really good question which I will let our friends from Prime also pitch in.
Luuk here from Prime! Excited to see this proposal move forward and looking forward to increasing Paladin <> Prime integration - especially Quest <> Prime Pools.
@Dydymoon we’re working on a veD2D upgrade that will give multiple perks to veD2D holders - for now D2D is most useful as part of one of the two D2D pools in Balancer with about 70% APR.
