PGM-70: Allocate a budget to CEX listings

Paladin Governance Management (PGM)
1

Summary

Allocate up to 2,500,000 PAL / TREVEE for CEX listings

Context

PAL has historically had liquidity exclusively on DEXs, mostly as protocol owned liquidity (POL). This is a great advantage in terms of resilience because it means there will always be liquidity. The issue however is both depth and distribution.

Rationale

CEXs have built massive distribution channels and enable a lot more users to access your token. Considering PAL is being migrated to TREVEE, the protocol has rebranded, will enable revenue sharing, and benefits from a whole new narrative with the boom of the stablecoin industry, there is a great opportunity to list this new token.

In order to do so, we need to allocate a budget that will be allocated to these listings. We recommend this budget to be handled by Mithras Labs, exclusively for TREVEE listings.

Means

  • Amount: 2,500,000 PAL

Voting Options

For / Against / Abstain

  • For
  • Against
  • Abstain
0 voters
2

Hello,

Just to be clear : 2 500 000 $PAL are

  1. to bribe CEXs to be listed ?
  2. to provide liquidity on CEX pool ?
  3. Both ?
3

It’s not bribing, it’s “marketing expenses” as well as trader incentives, and market making loans. We want the amount to be capped to limit excessive requests

1 Like
4

CEX should decide to list by themselves, makes no sense to pay for a listing which will just create more selling pressure.

Moreover we don’t have any infos or which CEXs are being considered so makes it even harder to approve such an expense.

Against

1 Like
5

It’s impossible to give names as listings require NDAs. Tier 1s CEX ask for fees, unless you are doing god-tier volume, which we are not, this is not optional. We have an opportunity to get listed, so we either have a budget or aren’t getting listed

6

Then let’s focus on DEXs liquidity by increasing POL & revenues, instead of paying CEXs ?

1 Like
7

I don’t think you understand the point of CEX listings. This is not about liquidity but about distribution. We have enough liquidity considering the valuation of the protocol.

Getting listed on CEXes enables us to reach new people that would be interested in the project.
So all of this has nothing to do with revenue.

1 Like
8

Agreeing with Figue here, CEX listing can be a major driver for distribution of the upcoming Trevee token, the timeline to explore those listing possibilities is optimal.

9

I think people looking for revenue sharing and DeFi narrative are not on CEX.

Budget should be allocated to other marketing channels imo.

1 Like
10

Probably not, but traders looking for good narrative + momentum to make a coup are.

I’m not a fan to give money to CEXs, but it can help the protocol to reaching a step, for sure.

1 Like
11

Do you believe de should limit access as stakeholders to DeFi natives looking for the rev share narrative?

12

If you do not build a strong community before be listed on CEX it will be one of the crypto among others with low volume. Think people will discover the project through DEX and will deep dive to feel in love is idealistic imo.