Thursday, June 8, 2023

Maximum Liquidity and Rewards with PlutusDAO


$PLS aggregates veAsset governance. Locking $PLS lets users control veAsset governance. Staking $PLS earns platform benefits in $plsAssets, and locking $PLS for governance power earns more.

The veAsset model is widely acknowledged in the DeFi sector as a particular type of Tokenomics due to its inherent demand, increased scarcity, and benefits for lockers.

Plutus must entice Jones users to deposit to Plutus Farms and Vaults by offering shared veBoost. Furthermore, the fees Plutus generates from farms and vaults will contribute to a flywheel effect that locks $JONES as veJONES forever. It increases Plutus’ veBoost and $PLS lockers’ governance power.

$plsJONES is a liquid veJONES. Users can mint $plsJONES 1:1 with $JONES using the Plutus flywheel. $plsJONES are transformed to veJONES and locked in Plutus.

Single-sided staking will encourage $plsJONES minting. Also, these staking benefits include veJONES, a percentage of Plutus’ fee revenue, additional $PLS rewards, and a portion of Productive Treasury’s yield. Moreover, $plsJONES bettors will get more than veJONES or single staking $JONES. Hence, Plutus will incentivize a plsJONES/JONES liquidity pool to assure supply and peg.

The Start for $PLS Token

The initial $JONES collected during the public event will be locked as veJONES and will help Plutus provide users a significant veBoost. No $plsJONES for minting; the veJONES will lock, meaning Jones will always have more voting power than $plsJONES.

A portion of the yield earned by these assets will compound to guarantee that Plutus is continually deepening liquidity across the Dopex ecosystem. Indeed, they will give out other parts to incentivize users.

Plutus will amass assets throughout the private token event to ensure its growth regardless of market conditions. The public token event will see Plutus accumulate productive assets to improve all sections of Plutus, deliver a powerful veBoost, enhance Plutus users’ yield, deepen LP liquidity across the Dopex ecosystem, and remove these assets off the market forever.

Plutus will offer Dopex and Jones vaults to increase the TVL of all Dopex goods. These vaults use all Dopex products to deliver 1-click yield schemes. We feel jAssets are a crucial Dopex ecosystem component with outstanding composability.

Non-Rebase Bonding to Strengthen Plutus

Plutus will offer non-rebase bonding as the project and space alter. A portion of the $PLS supply and Plutus’ Productive Treasury yield will earmark for bonding. Indeed, Plutus won’t bond out more than 1% of the total $PLS supply in one month. Furthermore, Plutus may bond for additional Dopex or Jones assets and LPs, protocol-owned liquidity, and other assets.

By not rebasing, $PLS holders have protection from inflation that would dilute their holdings. With the option to take Productive Treasury yield and bond with it, Plutus may permanently bond for project-strengthening assets without dumping them directly onto the market and impacting pricing.

Ivan Cruz
Ivan Cruz
Ivan Cruz is a writer for Cryptoconstellation. He has his Masters in Applied Research in Economics & Business. Ivan has been trading crypto for the past 7 years himself and feels it is his duty to bring you all the latest news.

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