Summary: Disburse the equivalent of 75,000 USDC - 150,000 USDC over Q1-25 to finance the development of Paladin
Context:
Mithras Labs has been developing the Paladin Ecosystem (Paladin Lending, Boost / Pledge / Quest v1/v2 and Warlord) for over 3 years.
The DAO has been financing its development since PGM-41 and should continue to do so in order to capture more market shares, adapt to new opportunities, grow revenue and finalize its on-chain governance.
Rationale:
This proposal is a continuation of the proposal of the past quarter, where we had much more internal work (research, development, BD) in order to be ready for the upcoming opportunities.
Q1-2025 will be a “faster quarter” as we will focus on releasing and scaling 2 new products (Valkyrie & Rings Quest) while iterating on Paladin v3 and fleshing out a more on-chain governance (ETA Q2). In order to manage all of these tasks we are growing the team and have hired news devs, as well as a new designer.
We remain committed to building Paladin full-time with the billed resources and expect these to come out around 50,000$ / month over this quarter.
Considering this is above current revenue we’re offering a conditional funding in the following terms:
We’re requesting up to 150,000 USDC over 3 months, payable monthly and are confident in this method as we believe both Rings and Paladin v3 will be major revenue generators.
Means:
- 75,000 - 150,000 USDC
Voting options:
For / Against / Abstain
- For
- Against
- Abstain