About $PADD

$PADD is integral to the Paddle DAO and serves several key functions designed to reward liquidity contributors and engage long-term supporters in the governance of Paddle Finance. iPADD turns $PADD into a productive asset. It will have the same three main use cases as CRV - voting, staking, and boosting.

How iPADD works

• Deposit 1 PADD to receive 1 iPADD.

• iPADD is non-transferable and non-tradeable.

• 50% of platform revenue going forward will be distributed to iPADD holders. For more details, refer to the Fee Collection & Distribution section.

• 1 iPADD = 1 vote in the future of Paddle Finance governance.

Governance Participation

iPADD holders will have the right to vote on various DAO proposals and platform parameters, actively participating in the decision-making process.

Token Accessibility

$PADD is not claimable yet. To align with our Token Generation Event (TGE) timeline on decentralized and centralized exchanges, all $PADD rewards earned on the Paddle platform, though visible and trackable, will be claimable at a later date. We will keep you updated through our official social media channels and appreciate your understanding and support as we strive to provide a seamless experience on Paddle.

Buyback & Burn

As part of our commitment to enhancing value for our stakeholders and supporting the stability of the $PADD token, Paddle Finance will allocate 25% of our monthly revenue to buy back and burn $PADD tokens starting within 3 months after TGE. This strategic initiative is designed to reduce the overall supply of $PADD tokens in circulation, potentially increasing their scarcity and value over time. The buyback and burn process will be conducted transparently, with details provided regularly to our community. This approach not only underscores our dedication to responsible financial management but also aligns with our long-term goals to foster a robust and sustainable ecosystem for all users of Paddle Finance.