Mint your PD (1 , 1)
The Mint page allow users to mint Pals from the protocol at a discount by trading it with i) liquidity (LP tokens) or ii) other assets. The former is called liquidity minting and the latter reserve minting.
The minting action create bonds which take roughly 15 epochs to vest, and Pal tokens are vested linearly to the user over that period. Liquidity minting help the protocol to accumulate and lock liquidity, while reserve minting allow the protocol to grow its treasury, and thus its Backing per Pals faster.
Paladin DAO offers currently different types of assets that can be used to mint Pal on its website:
- PD-BUSD LP