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PenPad is now rebranded as Pencils Protocol
As the Web 3.0 landscape evolves, so has our brand: PenPad is now rebranded as Pencils Protocol. This marks a significant enhancement of the platform, aligning more closely with our vision for a comprehensive decentralized finance (DeFi) ecosystem. Pencils Protocol isn't just a new name — it's a new era of innovation and integration.
We're thrilled to introduce a full suite of new functions as part of this transformation. In addition to enhancing our launchpad functionalities, which have been pivotal in deploying new projects within the Scroll ecosystem, Pencils Protocol will be introducing two major functions in May:
- Staking and Liquid Staking
- Liquidity Vaults
These expanded features will further cement Pencils Protocol's role as a pivotal component on the Scroll ecosystem. We will also introduce Pencils, a reward system designed to acknowledge and reward our supporters and community members.
Pencils Protocol's core purpose and function is still as the premiere launchpad on Scroll. By leveraging Scroll's zkEVM, Pencils Protocol gives builders access to cutting-edge technology like proof of humanity, advanced scaling, privacy, and compliance tools.
However, Pencils Protocol's platform enhancement initiative will also expand Pencils Protocol's offerings. Users will be able to use Pencils Protocol for staking, liquid staking, and yield farming. Instead of being just a launchpad, Pencils Protocol will become a holistic DeFi platform on Scroll.
Pencils Protocol will also enhance its launchpad capabilities, making participating in token sales fairer, simpler, and more customizable for both users and projects. Expect a more streamlined subscription process and innovative new auction types. Projects will have the flexibility to mix and match these features to create a token launch that fits their unique needs.
In the coming weeks, look for updates to Pencils Protocol's branding and messaging! We'll also announce a series of campaigns to help mark the platform enhancement.
