Strategic Partnership

Tangible has integrated as a key strategic partner in the development of Pearl

Pearl’s goal is to innovate on the Solidly/ve(3,3) model by spinning the flywheel backwards, building a protocol that utilizes a projectable increase to bribes from Epoch to Epoch as the driver to token demand and ultimately liquidity provision.

The primary driver for developing Pearl was capturing the incoming liquidity for tokenized RWAs as the first-mover. While some decentralization concerns remain, bringing real world equity on-chain is one of the fastest ways to grow TVL in crypto. We anticipate capturing that value by creating the deepest liquidity for those assets on Pearl.

Given our desire to pursue the strategies above, we recognized the need to prioritize an integration with Tangible. In addition to being one of the largest bribers in the space, Tangible's stablecoin Real USD is also one of the most widely adopted RWA products in crypto. Tangible have first-hand experience building in this space and understand the consumer demand for RWAs. We’ve spent the past few months stealth-building Pearl in communication with Tangible's team and working through many of the protocol details together. As a result, Real USD has become an integral component to the development of Pearl and necessary ingredient in our flywheel.

Tangible Community Airdrop

10% of initial $PEARL supply will be airdropped to the Tangible community, holders of the Tangible 3,3+ locked token positions.

Supply will be distributed to all holders proportionally, based on their 3,3+ holdings.

Tangible recipients will receive their allocation as $vePEARL, locked for the maximum 2-year duration.

In addition to this, Tangible Labs will receive a 10% allocation from the Protocol Airdrop fund, which they'll use to used to direct emissions and bribe recycling.