PGP-21: Optimizing liquidity management for $PAL via Arrakis Genesis House

Paladin participates in Arrakis Finance Genesis House and deploys Arrakis PALM for PAL/agEUR pool on Uniswap V3.

For the services provided, Arrakis charges fees on two fronts:

• Management fee: 1% of AUM
• Performance fee: 50% of trading fees generated Note that the performance fee is ONLY over the trading fees. All other revenues, e.g. $ANGLE rewards for the PAL/agEUR pool, shall be received by Paladin intact.

For Arrakis will effectively become the liquidity management arm of Paladin and use its domain expertise to provide dedicated liquidity management solutions, while the core team can save the technical & operational overhead and focus its resources on building Paladin. Only a limited amount of initial base asset inventory (or possibly zero if there is already an existing market on Uniswap V3) is needed with Arrakis’ liquidity management strategies. Arrakis’ liquidity management solutions will significantly improve the current liquidity situation of $PAL, and at the same time eliminate the need of liquidity incentive, hence preserving the value of $PAL from constant selling pressure by mercenary LPs otherwise. Arrakis will also assist and advise on any market making related decision makings, and the future growth & expansion of $PAL liquidity, to provide a full spectrum of liquidity management services.

Against Paladin community is content with the current liquidity situation for PT, and willing to have Paladin rent / buy liquidity with $PAL incentives for a foreseeable future.