Palladium is a mysterious project that first appeared on our radar about two weeks ago. There wasn’t much information outside of a website that asked users to submit a tweet to show proof of “account ownership and participation in Palladium.” We were very curious and decided to investigate.
We managed to make contact with the Palladium team, who went headlong into stealth mode. They briefly told us about what they were working on. Here’s what we discovered.
Palladium is building a platform that encapsulates the complexities of decentralized finance (DeFi) by allowing users to invest in multiple DeFi strategies with one click.
I spoke with the CEO Shiv Shrivastava on the current state of DeFi and how daunting it is to enter the space. He explained that Palladium’s goal is to provide an amazing user experience by creating an intuitive user interface and an aggregation layer on top of existing protocols. He said that “by building these tools, we can empower people to participate in the future of finance.”
Quick and sensationless exit ramp
The platform combines an easy-to-use DeFi solution and a unique exit ramp that allows users to instantly redeem their earnings via the popular Palladium card. This would be a game-changer given the current state of exit ramps in the crypto space, so we had to see it to believe it.
The team whitelisted us on their alpha build and after trying it out we have to say it’s pretty cool. You can switch from crypto to spendable fiat in the blink of an eye. The Palladium card does not collect user data and adheres to the philosophy of the decentralized ecosystem. You simply connect your wallet, load your balance and have the option to spend your fiat instantly without any fees. Plus, it’s a beautiful card that can also be added to your Apple Wallet.
This is proof of ownership of my account and participation in @0xPalladium.
— Mayne (@Tradermayne) April 9, 2022
Over the past few days, over 60,000 people have tweeted about @0xPalladium on Twitter. The team let us in on a secret, they said that the first users will receive a unique NFT that will allow them to participate in the beta and generate a special edition of the Palladium card.