PALM stands for Protocol Automated Liquidity Management, a novel liquidity bootstrapping mechanism that taps into the organic trading volume on UniV3. It is the first product built on top of Arrakis V2.
Leveraging the unique features of Arrakis V2, it enables protocols and DAOs to create deep liquidity for their tokens. This is achieved by acquiring the required base asset inventory needed to create deeper sell-side liquidity using the organic trading demand within Uniswap V3, rather than selling tokens or paying third parties to rent inventory.
Web3 Protocols that have the need for deep liquidity for their governance tokens should use PALM.