PAR TGE timeline adjustment

Summary

This proposal seeks approval from the DAO to adjust the expected TGE for PAR from the end of Q1-2025 to Q2-2025.

Proposal

In December 2024, Idle DAO approved migrating from Idle to Pareto. A tentative target date for the token generation event was set for the end of Q1. Given the changing market conditions, we suggest postponing the launch.

Pareto is built for long-term value creation, not short-term speculation. Rushing into an unfavorable market environment would harm token holders, as liquidity, investor sentiment, and adoption opportunities are key factors in ensuring a successful launch. Strategic execution ensures that we deliver the strongest foundation for Pareto’s future.

Additionally, the roadmap has always been contingent on market conditions and other key factors. Delays are not reactionary but intentional—timing is critical in financial markets, and launching under the wrong circumstances would not serve the best interests of token holders.

Given these considerations, we propose postponing the PAR TGE from the end of Q1-2025 to Q2-2025.

This additional time will allow the team to assess market conditions, optimize the launch strategy, ship new products, and ensure a more favorable environment for long-term success.

To reiterate, the PAR codebase is ready and accessible on GitHub here, but given the above motivations, it’s wiser to adjust the release. That said, with the codebase already in place, we remain flexible and ready to adapt to evolving market dynamics, ensuring we can react swiftly if a more opportune phase arises for a successful launch.

Next steps

To maintain full transparency and decentralization, we are opening a voting poll where all IDLE holders (and stakers) included in the balance snapshot are eligible to participate. The IDLE token snapshot used to determine voting eligibility is available on GitHub here.