yPAW was described to me as âOlympus DAO, but for Berachain.â Thoughts?
First off, yPAW is the presale bonded token of @0xBeraPaw, which later redeems into $PAW, the protocolâs governance token. The sale is happening on @eatsleepyeetâs YeetBonds, so some extra fun for Yeet enjoyoors.
The Olympus parallel comes from the bond design: Olympus sold OHM at a discount in exchange for assets like DAI/ETH, which built up its treasury. Buyers got discounted tokens later, and the protocol accumulated reserves.
yPAW is similar, but with an important difference. Instead of assets sitting idle in a treasury, the BERA raised is used to run a validator, earning BGT and ongoing yield. Those earnings go back to the BeraPaw treasury and compound over time.
The model has already shown some success. So far BeraPaw generated $1.8M+ in revenue without having $PAW even live yet.
So maybe it's Olympus-inspired, but the validator and BGT powered revenue engine makes it a model that could only exist on Berachain.
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