what's ParagonsDAO?
ParagonsDAO is a decentralized autonomous organization dedicated to advancing web3 gaming by making high-quality blockchain-based games accessible to a broad audience. It operates as a community-driven guild that provides playable assets, analytical tools, and educational resources to help gamers, collectors, and guild managers participate in play-to-earn ecosystems without upfront costs. The DAO focuses on fostering growth in projects like Parallel, a sci-fi trading card game, through governance participation, tournament hosting, player sponsorships, and DeFi innovations tailored to gaming needs. At its core, ParagonsDAO enables reward maximization by allowing members to borrow in-game NFTs and cards for free, integrating with protocols to earn native tokens such as PRIME. It emphasizes inclusivity for both casual and professional players, building infrastructure like guild systems to support competitive play and long-term ecosystem development in blockchain gaming.
ParagonsDAO's Treasury Lending Program offers PDT holders USDC loans at 85% LTV with no liquidation risk.
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Proposed a Treasury Lending Program where PDT holders can borrow USDC at 85% loan-to-value ratio with no liquidation risk while the Treasury earns yield.
Second Treasury Bonding Event completes early, collecting 12,433,333 PDT tokens (over 10% of total supply) in under 2 days for scheduled burn this week.
Second Treasury Bonding Event launches Thursday with $740,000 USDC capacity to buy back PDT at fixed $0.06 price over one week, with all acquired tokens burned.
ParagonsDAO sells entire Parallel NFT collection and bond (Paragons Alliance) to ParallelAiRev for USDC liquidity. DAO pivots to simplified operations focused on treasury protection and yield maximization for PDT holders.
Staking rewards increase 88% to 245,000 PROMPT in latest epoch, implementing full 80x modifier.
Gaming tournament launches May 27th featuring 8 major web3 gaming guilds with $2000 prize pool, expanding competitive gaming presence across four regions.
Flexible staking system launches with 80x average modifier, redistributing PROMPT rewards to stakers; full effects expected by June 2024.
Proposed cache extension increases staking multiplier from x44 to x85, potentially doubling $PROMPT rewards for stakers.
2.01M $PROMPT claimed with 90% allocated to stakers; distribution prioritized over OKX bonuses.
New 1.8M token burn reduces supply by 1.3%, bringing total burn to 11.8% of supply. Tokens acquired at 1.6c (50% below market).
Treasury holds $5M+ in assets with substantial $PROMPT airdrop allocation pending.
Staking PDT provides rewards in PROMPT and PRIME tokens.