IPD PAD’s DeFi (Decentralized Finance) ecosystem is a DAO-governed platform. Our primary objective is to incubate and fund crypto-native teams on proven blockchain protocols while supplying attractive opportunities for our member-holders and users of the IPD PAD launchpad platform.
IPD PAD launchpad features noncustodial vaulting and well-proven and audited noncustodial linear vesting smart contracts on the Cardano blockchain. At no time does IPD PAD or its partners take custody of the platform user's token assets.
- 1.NFTs can be vaulted in a non-custodial smart contract. Holders can access this smart contract through our Digital Asset Delegation Platform using a compatible Cardano wallet. Currently, our platform supports VESPR, Nami, Eternl, Lace, Typhon, Gero, and NuFi. Vaulting on this platform produces time-based rewards; see the NFT section for more information.
Vaulting increasing quantities of $IPD unlocks access to higher tiers of token sale allocations, which can represent early-round sales, price breaks, and larger token allocations on IPD PAD. The requirements to unlock each allocation tier are subject to change, though they will be published well before all IDOs. You can always check your Tier Allocation status by connecting your wallet to the IPD PAD Dashboard.
Like vaulting $IDP, increasing the amount of LP-$IDP token vaulted unlocks higher token sale allocations. However, vaulting LP-$IDP unlocks reward opportunities.
As of November 17th, 2023, we are 75% complete on the developement of this feature, and a detailed announcement is pending. Also we are in the process of negotiating our official DEX pool partnerships.
Currently, LP-$IDP can be obtained on MinSwap, where liquidity can be added to the pool. Go to MinSwap and pair an equal value of $IDP and ADA together into the pool, and you will receive LP-$IDP in return, which is your claim on your stake in the pool. Adding liquidity to $IDP pools is important to the long-term stability of the token.
Though not all LP tools are public, the LP Leaderboard is live and shows how DAO LP tools can monitor all wallets and pools related to specific policy IDs and place them into ranked order for project research, and LP-holder incentivization purposes. IPD PAD has a suite of private LP-focused tools that is expected to be available in Q1 2024. The team has spoken on this topic, suggesting these advanced features will be token-gated to DAO members and/or provided on a rolling $IDP paid subscription, though final details have not been officially released.
Our Cardano-native IDO launchpad supports projects from multiple blockchain protocols, including Cardano, Polygon, Solana, and Polkadot, enabling users to access a wide range of blockchain opportunities.
IPD PAD’s DeFi ecosystem is facilitated through community governance. Nonfungible token holders can participate in decision-making through DAO voting.