If DeFi wins, clearing becomes core.
Pascal is the logic layer to clear it all.
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Chat @PascalClearing_chat
Post #74
945
📢 Update on Pascal and Jetstream
Pascal Community, We need to share some important news with you all. Our first platform, Jetstream, will be suspending operations today following our unsuccessful TGE last week.
The situation:
Despite having options ready in testnet, vaults prepared, and strong technology, we weren't able to raise sufficient capital to sustain Jetstream's operations. The trading volume didn't materialize as projected, and we've made the responsible decision to pause rather than risk user funds.
What this means for Pascal:
🟢 Pascal protocol continues and remains strong
🟢 We have 5+ active discussions with major CEXs, VCs, and L1 protocols
🟢 Every potential partnership includes revenue sharing for $PASC holders
🟢 Our technology and team remain intact and available
On the TGE: We know many of you are concerned about the token price. We're pleased that none of our core investors, partners, or advisors have sold their allocations. Their continued support and the introductions they've facilitated this week have been crucial for our next steps.
While over 600+ Galxe, KOLs and OGs received allocations, early selling by some participants impacted price discovery. Despite this, we see clear monetization paths ahead and remain focused on deals that bring value back to $PASC token holders.
Pascal's mission unchanged:
- Reduce margin capital requirements for traders
- Unlock RWA trading capabilities
- Enable institutional-grade on-chain options clearing
We believe in what we're building.
The need for better derivatives infrastructure hasn't disappeared - we're just finding the right partner to scale it properly.
Questions welcome. We'll keep you updated as conversations progress.
Building the future of DeFi infrastructure 🚀
Pascal Community, We need to share some important news with you all. Our first platform, Jetstream, will be suspending operations today following our unsuccessful TGE last week.
The situation:
Despite having options ready in testnet, vaults prepared, and strong technology, we weren't able to raise sufficient capital to sustain Jetstream's operations. The trading volume didn't materialize as projected, and we've made the responsible decision to pause rather than risk user funds.
What this means for Pascal:
🟢 Pascal protocol continues and remains strong
🟢 We have 5+ active discussions with major CEXs, VCs, and L1 protocols
🟢 Every potential partnership includes revenue sharing for $PASC holders
🟢 Our technology and team remain intact and available
On the TGE: We know many of you are concerned about the token price. We're pleased that none of our core investors, partners, or advisors have sold their allocations. Their continued support and the introductions they've facilitated this week have been crucial for our next steps.
While over 600+ Galxe, KOLs and OGs received allocations, early selling by some participants impacted price discovery. Despite this, we see clear monetization paths ahead and remain focused on deals that bring value back to $PASC token holders.
Pascal's mission unchanged:
- Reduce margin capital requirements for traders
- Unlock RWA trading capabilities
- Enable institutional-grade on-chain options clearing
We believe in what we're building.
The need for better derivatives infrastructure hasn't disappeared - we're just finding the right partner to scale it properly.
Questions welcome. We'll keep you updated as conversations progress.
Building the future of DeFi infrastructure 🚀
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