# Protocol Overview Plutus is a **multichain DeFi yield platform and an Arbitrum-native governance aggregator**, designed to optimize user rewards, maintain liquidity, and consolidate both governance power and protocol yield into the **xPLUTUS** token. By leveraging [plsASSETs](/products/plsassets), liquid, yield-bearing versions of xTokens and veTokens, users can earn rewards without needing to lock capital for long periods. While users forgo direct governance rights from the underlying veTokens, that voting power is **aggregated and redirected through xPLUTUS stakers**, who steer protocol-level decisions across the integrated partners. Plutus has collaborated with protocols such as **Berachain**, **Camelot, Stryke (formerly Dopex), Radiant, GMX, Sperax, and Jones** to launch governance-aligned products that offer users **enhanced yield and liquidity**, **without the need for long-term lockups**. Beyond governance aggregation, Plutus has expanded its offering through a line of vaults, [plvASSETs](/products/plvassets), yield-maximizing vaults built to serve as native DeFi primitives everywhere including Berachain, Superseed, Botanix, and Arbitrum. Plutus offers multiple automated yield strategies, including **plvHEDGE**, **plvLOOP**, and **plvDOLO**, with additional vaults under active development. All live vaults are accessible across supported chains at [plutus.fi/Vaults](https://plutus.fi/Vaults). As the protocol evolves, **vaults will become an increasingly central pillar of Plutus**, offering dynamic, composable strategies that complement the passive nature of plsASSETs and unlock new opportunities for DeFi-native yield generation across **not only Arbitrum but all chains**. ### From Team to Community: A New Era of Plutus On **May 13th, 2024**, the original Plutus team announced a planned [transition to a decentralized, community-led model](https://medium.com/@plutusdao.io/decentralizing-plutus-b8456dfbbbbe). Rather than allow momentum to fade, the Plutus community stepped up, assuming full control over treasury operations, development, and protocol direction. The transition was formalized on July 7th, 2024, when the [official Snapshot proposal](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x02e5ab42e8c3391a70842d59272a2cb91762bdfbc366e3bc4868c040b63120df) passed with overwhelming support, marking the beginning of the community-led era of Plutus. This was the moment Plutus truly **became a DAO**. The core team was selected by community vote, and all major protocol decisions, from emissions and buybacks to product priorities, are now governed through on-chain proposals and Snapshot voting. For the first time, the direction of the protocol is fully determined by its stakeholders, aligning power, responsibility, and rewards in the hands of the Plutus community. Since the transition, Plutus has: * **Unwound unsustainable legacy systems** that had left many Plutons with locked capital and unstable pegs. * **Established transparent**, **decentralized treasury management,** including **weekly team reviews**, **quarterly reports**, and **annual performance summaries** to keep the community fully informed and accountable. * Introduced high-performing vault primitives, including the launch of [plvHEDGE](https://medium.com/@plutusdao.io/introducing-plvhedge-an-automated-funding-arbitrage-vault-f2f222fa8c56), our first **in-house designed trading strategy**. * **Reaffirmed its commitment to sustainable**, **real yield**, including the implementation of a **1:0.8 soft floor on all plsASSETs** to ensure long-term value retention across the ecosystem. This initiative, backed by **treasury buybacks**, swiftly addressed one of old Plutus’ core issues: **unstable pegs and unreliable redemption value**. * And much, much more... from **expanding chains** to **new vaults** and **ecosystem-wide improvements**. To stay up to date and get involved, [join the community on Discord](https://discord.gg/plutus-fi). Today, Plutus continues to build toward a resilient, Pluton-owned future, guided by the same values that empowered its community to take the reins. # Products Plutus offers two primary product categories: [plsASSETs](/products/plsassets) and [plvASSETs](/products/plvassets). Additionally Plutus has its own protocol token, [PLUTUS](/tokenomics/plutus). ## plsASSETs plsASSETs focus on governance aggregation, optimizing liquidity and rewards for users. plsASSETs can be staked for [overcollaterized](/products/plsassets#plsasset-overcollaterization) rewards from the underlying assets, and unstaked **without** a **vesting** period, allowing you to enjoy both **yield** and **liquidity**. ## plvASSETs plvASSETs are Vault products designed to maximize user **rewards** and **convenience**, while also serving as robust building blocks for integration by other protocols. One of the main convenience of plvASSETs is the **auto-compounding** **yield**, which generally increases the value of your vault tokens over time, without requiring active involvement from the user. ## Bridgeable tokens Blockchains by nature are isolated ecosystems, and transferring data or tokens from one chain to another requires a particular set of technical solutions, commonly referred as bridging. Most plvASSETs and some plsASSETs, as well as protocol tokens like **PLUTUS**, are multichain capable via **LayerZero** integration. This means you can use the Plutus dApp or the token contracts to move the token, i.e. PLUTUS from earlier, from Arbitrum to Berachain, or other applicable chains. Plutus then takes the tokens on Arbitrum and **burns** them, and **mints** new PLUTUS tokens for you on the destination chain, thus keeping the global supply stable. Please note that bridging does incur fees in addition to gas. {% embed url="" %} ## Token migrations Periodically, Plutus offers the option to **migrate tokens** to new ones. This is primarily the case when a token has become **deprecated**, or is in the process of being **discontinued**. Users are given opportunity to migrate those tokens to designated other tokens. These migrations happen through the Plutus [dApp](https://plutus.fi/Migrate), and are usually open for a predetermined amount of time. **Currently active migrations** include the following: | Token to be migrated | Target token(s) | Migration closing on | | -------------------- | --------------- | -------------------- | | plsMIGRATE | PLS | TBD | | plsRDNTv2 | plsRDNT | TBD | | plvGLP | plvLOOP | TBD | | PEG (snapshot) | xPLUTUS | TBD | **Migrations** that have already **closed**: | Token to be migrated | Target token(s) | Migration closed on | | -------------------- | ---------------- | ------------------- | | PLS | PLUTUS / xPLUTUS | 2nd of March 2026 | | bPLS | xPLUTUS | 2nd of March 2026 | | vested esPLS | PLUTUS / xPLUTUS | 2nd of March 2026 | | bplsMIGRATE | WBERA | 2nd of March 2026 | Additionally, the following **older migrations** are available on the old PlutusDAO [site](https://www.plutusdao.io/convert): | Token to be migrated | Target token(s) | Migration closing on | | -------------------- | --------------- | -------------------- | | RDNT dLP | plsRDNTv2 | TBD | | plsRDNT (old) | plsRDNTv2 | TBD | | plsDPX | plsSYK | TBD | | GXP | plsGRAIL | TBD | # plsASSETs Plutus' line of governance aggregation + liquidity-related products. plsASSETs are liquid, overcollateralized representations of max-locked positions. They provide exposure to max-locked **rewards** without requiring capital to be locked for extended periods, allowing users to stay **flexible** while continuing to earn. Each plsASSET is backed by permanently locked underlying assets generating **continuous yield**. Protocol buybacks increase overcollateralization over time, amplifying yield and compounding value back to holders. Rewards are dynamically routed between single staking and liquidity providers to support efficient markets, ensuring depth while maintaining strong yield for participants. plsASSETs transform locked positions into liquid, productive capital across DeFi. ## Available plsASSETs Plutus currently offers: * **plsCYPH** * **plsKDK** * **plsBERA** * **plsGRAIL** * **plsSPA** * **plsRDNT** * **plsSYK** * **plsPLUTUS** (coming in Q3-Q4/2026) Some of these plsASSETs can also be deposited into Plutus native liquidity pools as [LP Tokens](#liquidity-pool-tokens). Currently included are plsGRAIL, plsSYK & plsSPA. {% embed url="" %} How plsASSETs work {% endembed %} ### Minting plsASSETs * Users may deposit **BERA**, **KDK**, **GRAIL**, **SYK**, **RDNT**, or **SPA** into Plutus, which are locked forever as **sWBERA**, **xKDK**, **xGRAIL**, **xSYK**, **RDNT dLP**, or **veSPA**, respectively. * Plutus issues a tokenized representation of the asset as a plsASSET (e.g., **plsGRAIL**, **plsSYK**, **plsRDNT**, or **plsSPA**). * Liquidity pools (LPs) should be the preferred method for entering plsASSETs, as they offer the most efficient entry. Current liquidity is available on Camelot and Kodiak. Direct conversion may often result in an immediate loss, so swapping is the smarter option for maximizing value. {% embed url="" %} A quickstart guide to get into plsASSETs {% endembed %} ### Staking plsASSETs * Stake plsASSETs on [Plutus](https://plutus.fi/Assets) to receive max-locked rewards * Positions remain liquid with no long-term lockups * Rewards accrue while staked * Note that [protocol fees](/protocol-fees) are applied to plsASSETs.

A handy flowchart regarding plsASSETs

### plsASSETs Liquidity Pools * In the future, Smart LPs will have the ability to mint tokens when the swap ratio exceeds 1:1. * When launched, users can swap **plsSYK** for **SYK** through plsASSETs-ASSET liquidity pools. Swap fees will be determined by Camelot. * The **plsRDNT** liquidity pool is live on Balancer. * Please note that the liquidity pool is not guaranteed to trade 1:1 with the underlying asset. The demand for both the asset and plsASSET determines the ratio of the liquidity pool. Plutus is not responsible for maintaining any ratio. ### Liquidity Pool Tokens You can also exchange certain ASSET-plsASSET combinations into a LP token through the Plutus [dApp](https://plutus.fi/Pools). The LP token can then be staked for rewards, which come from the same pool as the single stake plsASSET rewards. The exact distribution of the rewards differs between tokens and the state of the swap rates in their corresponding pools. If the swap rates are low, then more of the rewards will be going towards single staking. If the swap rates are good, then the rewards are going towards the staked LP tokens are increased.\ \ Currently available options are **plsRDNT-dLP**, **GRAIL-plsGRAIL**, **SYK-plsSYK**, **SPA-plsSPA**. [Medium article on LP tokens](https://medium.com/@plutus.fi/plutus-pools-f061ae5fad03). ### plsASSET buybacks Whenever a plsASSET's swap rate drops, Plutus will buy back some of the plsASSETs. This is done with the underlying tokens, thus providing **more liquidity** back into the pool. The buyback thresholds differ between products and market conditions but always aim for a 1:1 swap rate. These buybacks then feed into the overcollaterization, described below. {% embed url="" %} ### plsASSET overcollaterization A key part of plsASSETs is overcollaterization. A portion of the fees are used to acquire plsASSETs off the market, effectively taking them out of circulation. As the underlying assets still yield, but the plsASSET isn't farming rewards, those rewards compound for plsASSET users. {% embed url="" %} Let plsClippy explain overcollaterization for you {% endembed %} ### Discontinued plsASSETs These plsASSETs are no longer mintable, and liquidity has mostly been removed. However, redemptions are still available, allowing users to convert them back to the underlying assets. * plsJONES * plsARB ### Discord For the latest up to date information, join our [Discord](https://discord.gg/plutus-fi). # plsCYPH
A quick reference on [plsASSETs](/products/plsassets). **plsCYPH** is powered by Cypher Industries, an Automated Market Maker (AMM) operating in the Ethereum Layer 1. With plsCYPH, users **earn xCYPH yield** **while staying liquid**. Additionally, plsCYPH, like all plsASSETs, benefits from **compounding yield** through overcollaterization, **amplifying rewards** over time. plsCYPH can be pooled into a [LP Token](/products/plsassets#liquidity-pool-tokens) via the Plutus [dApp](https://plutus.fi/Pools). ## Rewards * **Permanent xCYPH Staking**: The underlying xCYPH is staked permanently, and rewards are paid out in generally CYPH or plsCYPH. * **Note**: Rewards are determined by Cypher Industries and passed directly to plsCYPH stakers. Info on Cypher's protocol earnings [here](https://docs.cyphereth.com/docs/tokenomics/protocol-earnings). ## Fees Plutus takes a 12% **performance fee** on the underlying **xCYPH yield**. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your staked plsCYPH, but the protocol can't guarantee that to be always the case. This fee is used to **overcollaterize** and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ## Overcollaterization Like all other plsASSETs, plsCYPH is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to staked plsCYPH holders from the underlying locked xCYPH. ## plsCYPH Diagram
## Additional Reading ### Cypher Industries Info [Cypher Docs](https://docs.cyphereth.com/) # plsKDK
A quick reference on [plsASSETs](/products/plsassets). **plsKDK** is a plsASSET for **KDK**, Kodiak Finance’s governance and utility token on **Berachain**. By converting KDK into plsKDK, users gain exposure to **xKDK** rewards without locking their capital in xKDK’s 180-day vesting process. ### Converting to plsKDK You can convert your KDK into plsKDK on the Plutus [dApp](https://plutus.fi/Assets). You can also convert your plsKDK back into KDK just as easily. ### plsKDK rewards When you stake your plsKDK in the Plutus dApp, the underlying KDK is **permanently staked** into xKDK and you get to enjoy the **overcollaterized rewards**. The rewards are determined by Kodiak Finance and are paid to the plsKDK holders. You can also unstake your plsKDK without the waiting period of xKDK. Plutus does, however, take a fee on the yield and retain the governance rights of the xKDK token. ### Fees Plutus takes a 12% **performance fee** on the underlying **xKDK** **yield**. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your plsKDK, but the protocol can't guarantee that to be always the case. The fee is used to **overcollaterize** the pair and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ### Overcollaterization Like all other plsASSETs, plsKDK is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to plsKDK holders from the underlying staked tokens. ### plsKDK Diagram
### Additional reading * KDK in Kodiak Finance's [documentation](https://documentation.kodiak.finance/tokens/kdk). * [plsKDK audit](https://bwrk.dev/audits/plskdk-report) # plsBERA
A quick reference on [plsASSETs](https://docs.plutusdao.io/plutus-docs/products/plsassets). **plsBERA** is the stable equivalent to **BERA** with **sWBERA yield** to provide the best yield opportunities to holders and LPers in the Berachain ecosystem by providing a double-dip opportunity to yield. ### Converting to plsBERA You can convert BERA, WBERA or sWBERA into plsBERA through the [Plutus dApp](https://plutus.fi/). You can then Liquidity Pool with it, stake it, or as with all other plsASSETs, enjoy the liquidity and trade it. ### Staking plsBERA plsBERA can be staked either as a single token or as LP tokens containing plsBERA to enjoy the rewards. Yield from sWBERA is distributed to token, and for the plsBERA portion of the staked LP token. The LP token may also be subject to LP related rewards outside of plsBERA. ### Fees Plutus takes a 12% **performance fee** on the underlying **sWBERA yield**. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your plsBERA, but the protocol can't guarantee that to be always the case. The fee is used to **overcollaterize** the pair and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ### Overcollaterization Like all other plsASSETs, plsBERA is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to plsBERA holders from the underlying staked tokens. ### plsBERA Diagram
### Additional Reading For additional info, you can read [this Medium article](https://medium.com/@plutus.fi/wealth-flows-where-the-beras-roam-c1875c41f603) or join the Plutus [Discord](https://discord.gg/plutus-fi).
# plsGRAIL
A quick reference on [plsASSETs](/products/plsassets). **plsGRAIL** is powered by Camelot, the leading decentralized exchange on Arbitrum. Camelot’s efficient liquidity infrastructure and permissionless design make it a cornerstone of the Arbitrum ecosystem, with **$30 billion** in trading volume and partnerships with over 75 projects. With plsGRAIL, users **earn xGRAIL yield** **while staying liquid**. Additionally, plsGRAIL, like all plsASSETs, benefits from **compounding yield** through overcollaterization, **amplifying rewards** over time. plsGRAIL can be pooled into a [LP Token](/products/plsassets#liquidity-pool-tokens) via the Plutus [dApp](https://plutus.fi/Pools). ## Rewards * **Permanent xGRAIL Staking**: xGRAIL yield is staked permanently, and rewards are paid out in GRAIL. * **Note**: Rewards are determined by Camelot and passed directly to plsGRAIL stakers. Info on Camelot's protocol earnings [here](https://docs.camelot.exchange/tokenomics/protocol-earnings). ## Fees Plutus takes a 12% **performance fee** on the underlying **xGRAIL yield**. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your staked $plsGRAIL, but the protocol can't guarantee that to be always the case. This fee is used to **overcollaterize** and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ## Overcollaterization Like all other plsASSETs, plsGRAIL is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to staked $plsGRAIL holders from the underlying locked xGRAIL. ## plsGRAIL Diagram
**Join** [**our Discord**](https://discord.gg/plutus-fi) **for updates.** ## Additional Reading For more information, you can read this Medium article: [Into orbit: plsGRAIL Launched](https://medium.com/@plutusdao.io/into-orbit-plsgrail-launched-80e8b6c06334) ### Camelot Project Info [Camelot Discord](https://discord.com/invite/r9V7rry3nz) [Camelot Docs](https://docs.camelot.exchange/) # plsSYK
A quick reference on [plsASSETs](/products/plsassets). **plsSYK** is a yield-bearing token built on Stryke (formerly Dopex), the leading Arbitrum platform for on-chain options trading and liquidity provision. It enables holders to **earn xSYK yield** through Stryke’s revenue-sharing model **while** **staying liquid**. plsSYK can be pooled into a [LP Token](/products/plsassets#liquidity-pool-tokens) via the Plutus [dApp](https://plutus.fi/Pools). ## Rewards * **50/50 Split**: Rewards are distributed evenly in plsSYK and **SYK**, giving stakers balanced exposure to both the wrapped and native tokens. * **Permanent xSYK Staking**: xSYK yield is staked permanently, locking in value for the protocol permanently. ## Custom LP Strategy The plsSYK-SYK pool on Camelot v3 will be enhanced with a custom automated strategy, optimizing yield and liquidity management. SYK from a treasury swap is used to support liquidity and conduct buybacks whenever the plsSYK-SYK ratio drops below **0.8:1, which serves as a soft floor for the wrapped asset**. These **buybacks compounded yield for plsSYK holders** and provided additional rewards for bPLS stakers. ## plsSYK Diagram
## Fees Plutus takes a 12% **performance fee** on the underlying **xSYK yield**. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your staked plsSYK, but the protocol can't guarantee that to be always the case. This fee is used to **overcollaterize** and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ## Additional Reading ### Medium Articles * [Phoenix rising: plsSYK Launched](https://medium.com/@plutusdao.io/phoenix-rising-plssyk-launched-8d316b597f27) * [Introducing plsSYK, a time saver](https://medium.com/@plutusdao.io/introducing-plssyk-a-time-saver-2b5b873b5ad4) * [Dip your toes in the plsSYK:SYK liquidity pool](https://medium.com/@plutusdao.io/introducing-plssyk-a-time-saver-2b5b873b5ad4) * [An interplay of yield and liquidity ](https://medium.com/@plutusdao.io/an-interplay-of-yield-and-liquidity-c5ab0d96626f)(Jones smart LP intro) ### Stryke Project Info [Stryke Discord](https://discord.com/invite/stryke) [Stryke Docs](https://docs.stryke.xyz/) # plsSPA
A quick reference on [plsASSETs](https://docs.plutusdao.io/plutus-docs/products/plsassets). **plsSPA** is the **liquid receipt token for 4-year max locked veSPA**, created in collaboration with **Sperax**, a leading stablecoin protocol on **Arbitrum**. Instead of locking **SPA** for up to 4 years to earn max yield, users can gain exposure by holding plsSPA, a token that represents SPA as already **max locked veSPA**. This gives users: * **High yield** — returns are based on the highest [veSPA tier](https://www.app.sperax.io/stake): a 4-year lock. For context, at the time of writing (May 13th, 2025), a 1-year lock earns \~3.34% APR, while a 4-year lock earns \~14.05% — **over 4x higher**. * **Liquidity** — unlike veSPA, which is fully locked and non-transferable, plsSPA can be **traded, farmed, or sold at any time**. Plutus takes on the lock risk, so you don’t have to. * **No lockups** — get **all the benefits** of long-term veSPA exposure **without committing** your SPA for years. plsSPA can be pooled into a [LP Token](/products/plsassets#liquidity-pool-tokens) via the Plutus [dApp](https://plutus.fi/Pools). ## Staking and Rewards We currently offer **two ways** to earn with your plsSPA: ### 1. [plsSPA Single-Stake](https://www.plutusdao.io/stake) The **simplest option**, stake plsSPA directly into our native staking contract. * **No pairing required** * **Pure yield exposure** to veSPA rewards * **Backed by our 4-year locked veSPA position** * Rewards are currently paid out in **xSPA**. Ideal for holders who want **passive yield** without managing LPs or maintaining a ratio. ### 2. [Sperax Demeter Farm](https://www.app.sperax.io/farms) This pool is available on **Sperax**, powered by the **Demeter framework**, a no-code solution for DAOs to deploy and manage DEX liquidity. To participate: * Provide a **1:1 ratio of plsSPA and SPA** into the pool. * Earn rewards in **xSPA, plsSPA, and SPA.** * Support plsSPA:SPA liquidity while boosting your reward potential. Best suited for users looking to **maximize yield** while **contributing to ecosystem liquidity growth**. ## Getting plsSPA The recommended way to enter plsSPA is by swapping directly on [Camelot DEX](https://app.camelot.exchange/?token1=0x5575552988a3a80504bbaeb1311674fcfd40ad4b\&token2=0x0d111e482146fe9ac9ca3a65d92e65610bbc1ba6). * Pegged trading pair **plsSPA:SPA** * Currently trades at a **discount to backing**, making it the most cost-efficient entry point As with all plsASSETs, a direct SPA → plsSPA [conversion](https://www.plutusdao.io/convert) option exists through the Plutus contracts. However, this is **not recommended** at this time, as it will result in an **immediate loss in value** relative to the market price. Plutus maintains a soft floor of 0.8 for all plsASSETs, including plsSPA. Regaining and defending peg is a top priority to ensure long-term confidence and value in our ecosystem. ## plsSPA Diagram
## Sperax Project Info [Sperax Discord](https://discord.com/invite/cFdcvj9jMm) [Sperax Docs](https://docs.sperax.io/) # plsRDNT
A quick reference on [plsASSETs](/products/plsassets). ### Radiant Capital sunsetting As of June 1st, 2026, Radiant Capital is being sunsetted. More in-depth info on that can be found on their [Medium article](https://medium.com/@RadiantCapital/sunsetting-radiant-capital-dao-entering-recovery-phase-and-lessons-for-the-future-of-defi-c47837ffa499). Info on how plsRDNT will be unwound shall be provided when available. Best way to stay up to date on this is through [Plutus Discord](https://discord.com/invite/TkgcdYBSW4). The following is no longer up to date, as of June 2026: ### plsRDNT Rework On **October 16th, 2024**, Radiant Capital suffered a [major exploit](https://revoke.cash/exploits/radiant?chainId=1) resulting in losses exceeding **$53 million**. Radiant began rapidly rebuilding their operations during 2025 and following [PRFC-18](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x00f5ede5fa6a2d15db91443ea3ddab31ac4b68e972fe293e52085aba7965a159) in late 2025, Plutus began rework on **plsRDNT**. The goal of the rework was to simplify the token to be more on par with other plsASSETs. The new token is slated to release in Q1/2026, with a pipeline to convert from old plsRDNT to the new counterpart through the Plutus dApp. ### General Information plsRDNT is a liquid staking derivative of the max-locked **dLP** token, **80/20 RDNT-WETH**, on Radiant. Users can stake the plsRDNT token for overcollaterized rewards through the Plutus dApp. The rewards are determined by the underlying dLP token's yield. ### Fees Plutus takes a 12% **performance fee** on the underlying 80/20 RDNT-WETH yield. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for your staked plsRDNT, but the protocol can't guarantee that to be always the case. This fee is used to **overcollaterize** and provide liquidity. Additionally, the fee is taken into account in performance metrics, so what you see is what you get. ### Overcollaterization Like all other plsASSETs, plsRDNT is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to staked plsRDNT holders from the underlying max-locked dLP Token. ### plsRDNT Diagram
### ![](/files/2iUI6gv6DeP6H8Hb0e1f)
# plsPLUTUS
A quick reference on [plsASSETs](/products/plsassets). plsPLUTUS is an upcoming plsASSET, not yet available. plsPLUTUS is slated for Q2/2026. **plsPLUTUS** is a plsASSET version of [**xPLUTUS**](/tokenomics/plutus#usdxplutus), Plutus' in-house governance and yield-bearing token. Being liquid, plsPLUTUS combines the benefits of xPLUTUS yield and ability to be traded on the market, thus bypassing need to redeem through [vesting](/tokenomics/plutus#redeeming-usdxplutus) to exit. As with all plsASSETs, users will forfeit the governance rights of their converted tokens in exchange of the overcollaterized yields. ### Converting to plsPLUTUS xPLUTUS can be converted to plsPLUTUS and back to xPLUTUS at 1:1 ratio. The conversion is done through the Plutus [dApp](https://plutus.fi/). plsPLUTUS can also be acquired through a PLUTUS-plsPLUTUS Liquidity Pool. ### Overcollaterization Like all other plsASSETs, plsPLUTUS is an overcollaterized asset, meaning there are more yield-bearing than yield-earning tokens. The level of overcollaterization defines the amount of **extra yield** paid to plsPLUTUS holders from the underlying xPLUTUS tokens. ### Fees Plutus takes a 12% **performance fee** on the underlying yield. Generally this fee is outweighed by the overcollaterization, resulting in higher net yield for plsPLUTUS than xPLUTUS, but the protocol can't guarantee that to be always the case. # plvASSETS Strategy-Driven Yield Vaults **plvASSETs** have grown to become a core pillar within the Plutus ecosystem. plvASSETs are vault tokens, designed to deliver **automated, actively managed yield strategies.** These result in auto-compounding yield for your **convenience**. ### **Current & Upcoming Vaults** Live: • **plvHEDGE** – Our first custom vault strategy developed in-house. Originally designed for funding arbitrage, it has since evolved into a multi-strategy yield vault that captures a range of opportunities across volatile market conditions. • **plvDOLO** – Custom fully automated vault strategy, operating in the Dolomite ecosystem. • **plvLOOP** – Multi-asset looping strategy. Discontinued: • **plvGLP** – Auto-compounding GLP exposure. ### Entering & Exiting the Vaults You can enter and exit the vaults through the Plutus [dApp](https://plutus.fi/Vaults). This happens via a **liquidity pool**, or if the **contract** is open at the time, through the contract itself. This **selection** is done **automatically** by the dApp. Depending on the depth of the LP at the time of entry or exit, some slippage may occur. Trading with the contract directly is free of slippage, but usually open only for a limited amount of time. This is due to the vault strategies having to halt trading, so that the tokens will be available for withdrawal, should the holders choose to exit the vault. Halting the trade reduces the yield slightly, therefore it is done sparingly. These **contract openings** are generally **announced ahead of time**, and are measured in days, rather than hours or weeks. #### Exiting via a queue You can now also exit the vaults through a queue. It functions similarly to trading with the contract in that it is slippage free, but can be initiated at any point through the dApp. When you request a redeem through the queue, your transaction enters pending state, which can last up to seven days. Once the transaction is processed, it is exchanged fully at the exchange rate at the time of processing, without the possible slippage of liquidity pools. Pending transactions can also be cancelled, should you chance your mind.\ \ When the exchange has been done, you can claim your new tokens through the dApp. ### Multi-chain availability plvASSETs are available on multiple chains, the exact chains differing slightly between tokens. Available chains can be found on individual asset pages. There are additionally plans to make plvASSETs bridgeable between eligible chains through a **LayerZero** integration. # plvHEDGE
## General Vault Function **plvHEDGE** is Plutus' first in-house vault strategy, designed to deliver **automated, actively managed yield** from market inefficiencies. While it began as a **funding rate arbitrage vault**, plvHEDGE has evolved into a **multi-strategy system** built to perform across a range of market conditions — bull, bear, or sideways. {% embed url="" %} Don't feel like reading? Let plsClippy break it down for you! {% endembed %} Key features include: • Automated strategy execution with no user maintenance required • Capital efficiency and downside protection through hedged positioning • Vault structure that allows for flexibility in sourcing yield opportunities • Multi-chain accessibility • Real-time performance tracking with transparent vault metrics **(Coming soon)** ## Fees There is a **12% performance fee on plvHEDGE**. The fee is taken on realised profits and **all performance metrics on the plutus.fi -dapp** are based on net values, i.e. **after fees**. What you see is what you get. ## Minting & Redeeming You can enter and exit **plvHEDGE** directly using **USDC or HONEY** on the [vault page](https://plutus.fi/Vaults) at any time. The vault is accessible through multiple chains, thus reducing the need to juggle your tokens between chains to participate. As of June 2026, the chains include Arbitrum, Berachain and Ethereum Mainnet. While the funds trade, the Plutus dApp routes you through a liquidity pool and when the contract is open you are redeeming your assets directly from the contract. The value of plvHEDGE is synchronised across the available chains whenever the contract is open.\ \ Direct contract interaction is minimised to raise yield efficiency but high demand of either direction raises the frequency of direct contract interaction to reduce potential slippage induced losses. ## Audit Conclusion: > The Plutus DAO team provided us with a follow-up commit hash to evaluate the remediative actions carried out for the two aforementioned open exhibits.\ > \ > **We validated that** both **exhibits** \[findings left after second round of audit] **have been alleviated in an exemplary manner**, and thus consider all outputs of the audit report properly consumed by the Plutus DAO team with no outstanding remediative actions. ## Disclaimer > plsASSETS & assets deposited into the Plutus vaults are not insured or guaranteed and may lose value. Yield and rewards shown are estimates and are not guaranteed. Returns depend on external protocols, market conditions, smartcontract performance, and other factors outside the control of Plutus. > > Using the Plutus vaults involves risk, including loss of principal, impermanent loss, smartcontract vulnerabilities, counter party risk, leverage exposure, oracle failures and market volatility. By interacting with the Plutus vaults, users acknowledge that they understand these risks and accept full responsibility for their decisions. For full disclaimer, read through our [Risk Acknowledgement](/risk-acknowledgement) page. ## Contracts Currently **active** plvHEDGE vaults:\ **Arbitrum**: [0x58BfC95a864e18E8F3041D2FCD3418f48393fE6A](https://arbiscan.io/address/0x58BfC95a864e18E8F3041D2FCD3418f48393fE6A)\ **Berachain**: [0x28602B1ae8cA0ff5CD01B96A36f88F72FeBE727A](https://berascan.com/address/0x28602B1ae8cA0ff5CD01B96A36f88F72FeBE727A)\ **Ethereum Mainnet**: [0x595e1Cfd74B513BCaFc1f212A2E437692725A39E](https://etherscan.io/address/0x595e1cfd74b513bcafc1f212a2e437692725a39e)\ \ The following are **discontinued** vaults, and are therefore in withdraw only mode:\ Superseed: [0xEdFa70dd83ceea284722f5dE3fEcDce8C14bf502](https://explorer.superseed.xyz/address/0xEdFa70dd83ceea284722f5dE3fEcDce8C14bf502) # plvDOLO
plvDOLO is being discontinued and plvDOLO vaults across all chains have entered the state of withdraw only. ## General Vault Function **plvDOLO** is a fully automated in-house vault strategy. In many ways, it is much like **plvHEDGE**, but with two key differences: * plvDOLO operates entirely within the [Dolomite](https://dolomite.io/) ecosystem. However, from user's perspective, all interaction is done through [Plutus](https://plutus.fi/) dApp. * plvDOLO's positions are either slightly hedged or hedged, meaning both risks but also potential rewards are higher. Much like its hedged counterpart, plvDOLO is fully automated. Users only need to enter the vault and the automation will take care of the rest. Similarly, plvDOLO is accessible, and synchronised in price, across multiple chains. ## Fees There is a **12% performance fee on plvDOLO**. The fee is taken on realised profits. **All performance metrics on the plutus.fi -dApp** are based on net values, i.e. **after fees**. What you see is what you get. ## Minting & Redeeming Minting & redeeming plvDOLO is done through the Plutus dApp. The vault is accessible through **multiple chains**, thus reducing the need to juggle your tokens between chains to participate. plvDOLO is available on Arbitrum, Berachain and Ethereum Mainnet. Initially, the contract was open between epochs. Meaning entry and exit from plvDOLO was open only during dates that are announced well ahead of time. This allowed the vault to maximise its performance and auto-compound profits during the epochs. Now, however plvDOLO has a liquidity pool, making entry and exit more flexible. Exchanging directly with the contract is still open only between epochs. ## Disclaimer > plsASSETS & assets deposited into the Plutus vaults are not insured or guaranteed and may lose value. Yield and rewards shown are estimates and are not guaranteed. Returns depend on external protocols, market conditions, smartcontract performance, and other factors outside the control of Plutus. > > Using the Plutus vaults involves risk, including loss of principal, impermanent loss, smartcontract vulnerabilities, counter party risk, leverage exposure, oracle failures and market volatility. By interacting with the Plutus vaults, users acknowledge that they understand these risks and accept full responsibility for their decisions. For full disclaimer, read through our [Risk Acknowledgement](/risk-acknowledgement) page. ## Audits {% embed url="" %} {% embed url="" %} ## Contracts **Arbitrum:** [0xf84eaA0685626f84fE17bc6C3c9eb2Ac8a90d3C1](https://arbiscan.io/address/0xf84eaa0685626f84fe17bc6c3c9eb2ac8a90d3c1)\ **Berachain:** [0x2eD0837D9f2fBB927011463FaD0736F86Ea6bF25](https://berascan.com/address/0x2ed0837d9f2fbb927011463fad0736f86ea6bf25)\ **Ethereum Mainnet:** [0x734DceD3f83b10Cf00b380381FFAb8ffB0606d9D](https://etherscan.io/address/0x734dced3f83b10cf00b380381ffab8ffb0606d9d) # plvLOOP
## General Vault Function **plvLOOP** is a fully automated in-house vault strategy. In many ways, it is much like **plvDOLO**, in that it also operates within the [Dolomite](https://dolomite.io/) ecosystem. However, from user's perspective, all interaction is done through [Plutus](https://plutus.fi/) dApp, very much like in other plvASSETs. The main function of plvLOOP is, as the name might suggest, to loop an asset to significantly increase yields. The looped asset depends on the chain, for example mainly looping **ETH** on Arbitrum and Ethereum Mainnet, **BERA** on Berachain. Much like plvDOLO and plvHEDGE, plvLOOP is fully automated. Users only need to enter the vault and the automation will take care of the rest. Looping is a high yield and high risk strategy, but with automation, the health of the positions are monitored actively for you, thus mitigating risk. ## Fees There is a **12% performance fee on plvLOOP**. The fee is taken on realised profits. A**ll performance metrics on the plutus.fi -dApp** are based on net values, i.e. **after fees**. What you see is what you get. ## Minting & Redeeming Minting & redeeming plvLOOP is done through the Plutus dApp. The vault is accessible through multiple chains, thus reducing the need to juggle your tokens between chains to participate. Currently plvLOOP is available on Arbitrum, Berachain and Ethereum Mainnet, with possible other chains to be added later on. Initially, the contract was open between epochs. Meaning entry and exit from plvLOOP was open only during dates that are announced ahead of time. This allowed the vault to maximize its performance and auto-compound profits during the epochs. After launch, plvLOOP has received liquidity pools, similar to plvHEDGE, making entry and exit more flexible. ## Disclaimer > plsASSETS & assets deposited into the Plutus vaults are not insured or guaranteed and may lose value. Yield and rewards shown are estimates and are not guaranteed. Returns depend on external protocols, market conditions, smartcontract performance, and other factors outside the control of Plutus. > > Using the Plutus vaults involves risk, including loss of principal, impermanent loss, smartcontract vulnerabilities, counter party risk, leverage exposure, oracle failures and market volatility. By interacting with the Plutus vaults, users acknowledge that they understand these risks and accept full responsibility for their decisions. For full disclaimer, read through our [Risk Acknowledgement](/risk-acknowledgement) page. ## Audits {% embed url="" %} {% embed url="" %} ## Contracts **Arbitrum:** [0x4a15404235f4A0BC2CBCF5ba7E92763cB8335660](https://arbiscan.io/address/0x4a15404235f4a0bc2cbcf5ba7e92763cb8335660)\ **Berachain:** [0xBc987555C268e3F0d2819a4B972cC99c9FbbC643](https://berascan.com/address/0xbc987555c268e3f0d2819a4b972cc99c9fbbc643)\ **Ethereum Mainnet:** [0x9F5a72636D5475C8CBDB7dFF298BBD7412b76092](https://etherscan.io/address/0x9f5a72636d5475c8cbdb7dff298bbd7412b76092) # plvGLP
## plvGLP is deprecated and is currently [migrating](https://plutus.fi/Migrate) to plvLOOP on Arbitrum. Following the compromise of GMX v1 products, GMX have paused the deposits and frozen the assets for withdrawal.\ \ Existing plvGLP and accrued rewards are migrated to plvLOOP on Arbitrum, which is GMX v2 based and plvGLP will be redeemable to plvLOOP on the Plutus dApp. ## ~~Minting, Redeeming, & General Vault Function~~ ~~Users can mint and redeem plvGLP as follows:~~ * ~~Users can deposit GLP for plvGLP at any time~~ * ~~No fees are incurred when depositing GLP for plvGLP~~ * ~~Users can redeem plvGLP for GLP at any time~~ * ~~When redeeming plvGLP for GLP there is a **2%** exit fee charged in GLP~~ * ~~Of the **2%** exit fee charged, **0.5%** goes back into the vault to be split amongst plvGLP stakers and **1.5%** goes to Plutus~~ * ~~The vault takes the ETH rewards and auto compounds the position, resulting in plvGLP constantly appreciating in value~~ * ~~This auto compounding function will be run through an off-chain bot that is run every 8 hours, as plvGLP TVL grows the auto compounding function will be run more~~ frequently * ~~plvGLP is permissionless so it may be built on top of by anybody~~ * ~~The GLP -> plvGLP minter/redeemer is permissioned~~ ## ~~Fees~~ ~~The fees associated with plvGLP are as follows:~~ * ~~Exit Fee: **2%**~~ * ~~This fee will be incurred when redeeming plvGLP for GLP~~ * ~~**1.5%** goes to Plutus, **0.5%** goes back into the vault and is split amongst plvGLP stakers~~ * ~~Vault Fee: **10%**~~ * ~~This fee is applied to the ETH rewards associated with GLP~~ * ~~Example: GLP is paying out 20% APR in ETH yield, users will receive 18% APR in ETH yield and the other 2% will go to Plutus~~ * ~~Partner Project Exit Fee: **Flexible**~~ * ~~In order to ensure that a wide array of products may be built on top of plvGLP we have the capability to reduce the plvGLP exit fee for specific contracts~~ * ~~This would allow applications of plvGLP that have a high turnover rate to be possible~~ ## ~~Emissions~~ ~~The plvGLP vault will be incentivized with PLS emissions as follows:~~ * ~~plvGLP will receive **15%** of PLS liquidity mining emissions~~ * ~~This amounts to **2,250,000 PLS** distributed to plvGLP over 2 years~~ * ~~In the first month there will be **123,750**~~ ~~**PLS** emitted to plvGLP stakers~~ * ~~The emissions will be weighted towards the early months. The first month will have the highest emissions and they will decrease every month after that - this is in line with how emissions work for plsASSETs as well.~~ # Tokenomics ## Token Overview The following has been updated to reflect the switch from **PLS** to **PLUTUS** and the tokens removed from circulation with the Big Burn event in March of 2026. Numbers are in accordance to [PRFC-15](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x586aae17b2c352d4fc9d8f7b8d71d7eb90bd0b919b1fe06c4493f4a88858178a). ### Distribution * Max Supply: 108,000,000 * Additional 22,000,000 PLUTUS tokens were burned during the Big Burn. * Circulating - 53.7% - 58,000,000 * The circulating supply is partially locked * Liquidity bootstrap - 5.6% - 6,000,000 * Used to bootstrap and incentivize new products * Liquidity reserve - 11.1% - 12,000,000 * Held in multi-signature wallets. * Bribes and incentives warchest - 5.6% - 6,000,000 * A 24-month bribe warchest * Team salary - 9.3% - 10,000,000 * Linear unlock over 24 months * Marketing and growth - 3.7% - 4,000,000 * Paid out on milestone basis * Fund-raising - 11.1% - 12,000,000 * Sold only as needed ![PLUTUS token distribution, as outlined in the PRFC-15. Tokens burned in the Big Burn have been taken into account in the percentages.](/files/0nMVR3fUwU2edSIJupNZ) # PLUTUS ## PLUTUS
Plutus token (**PLUTUS**), a LayerZero OFT (Omnichain Fungible Token), is the cross-chain yield- and governance layer backing the Plutus protocol and ecosystem. It was launched on Arbitrum, Berachain and soon to be many more chains. ### Staking PLUTUS You can stake your PLUTUS tokens into **xPLUTUS** in a 1:1 ratio, which then allows you to enjoy the yield as well as DAO voting. ### Bridging PLUTUS You can bridge PLUTUS through the Plutus [dApp](https://plutus.fi/xPlutus), using **LayerZero** integration. This allows you to move your tokens from one chain to another eligible chain. Please note that bridging does incur fees in addition to gas. More into on bridging can be found [here](/products#bridgeable-tokens). ## xPLUTUS
The yield-bearing Plutus escrowed token (xPLUTUS) will be the main beneficiary of the protocol Plutus and will be counted as the **votes** for the DAO. xPLUTUS is available on each chain PLUTUS, the LayerZero OFT, is deployed on. ### Yield for xPLUTUS Plutus buys back PLUTUS using revenue and productive treasury funds and distributes this PLUTUS-denominated real yield to xPLUTUS stakers. Thus funnelling circulating supply to those most aligned with the protocol. In other words, **xPLUTUS** tokens **earn yield** primarily in the form of **PLUTUS**. ### Redeeming xPLUTUS Once you have xPLUTUS, after a **full vest** of 180 days, you can redeem everything back at 1:1 ratio. Alternatively, you can opt for a **shorter period** and forfeit a part of it. The **minimum** time is **14 days**, at which point you get 0.5 PLUTUS for every xPLUTUS you redeem. The ratio grows linearly to **1:1 at 180 days** of vesting. ### DAO Voting xPLUTUS tokens count as **votes in the DAO** (Decentralized Autonomous Organization), therefore allowing xPLUTUS holders to participate in the protocol's decision making. The voting is done through [Snapshot](https://snapshot.box/#/s:plutus-dao.eth). You can find additional information on voting in the [Governance](/governance) page. # PLS ### The DAO has decided to rebrand to Plutus and launch a new token $PLUTUS with [PRFC-15](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x586aae17b2c352d4fc9d8f7b8d71d7eb90bd0b919b1fe06c4493f4a88858178a). Updated documentation available on the [PLUTUS page](https://docs.plutusdao.io/tokenomics/plutus). | Current Token | New Token | Conversion Rate | Total Amount | | ------------- | --------- | --------------- | ------------------------ | | PLS | PLUTUS | 1 : 1 | ≤21M circ + 40M treasury | | PLS | xPLUTUS | 1 : 1.11 | ≤21M (including LPs) | | vlPLS | xPLUTUS | 1 : 1 | 21.4M | | esPLS | xPLUTUS | 1 : 1 | 3.6M | | mpPLS | xPLUTUS | 1 : 1 | 13.9M | A quick outline of how the old tokens can be converted into the new tokens, once the migration is underway. *** Content below this line was true until May 27th 2025 *** PLS is the foundation of PlutusDAO, granting holders governance rights and access to a share of protocol yield. It enables active participation in the DAO’s decision-making while unlocking yield distributions within the Plutus ecosystem. To engage fully with these features, PLS holders must lock their tokens for 16 weeks as bPLS. ## bPLS A user’s bPLS balance is a function of four distinct tokens. The four components are vote-locked PLS, vote-locked PLS-WETH, staked multiplier points, and staked escrowed PLS.\ \ The formula for calculating your bPLS balance is: `vlPLS*1 + vlPLS-WETH*1.2 + staked esPLS*1 + staked mpPLS*1 = bPLS balance` A user's bPLS balance decides their share of: * Protocol fees * Voting power in PLS governance **Protocol fees are anticipated to launch by mid-November 2024.** Please note that in order to display your bPLS balance, you must click ‘Register’ on the [‘Earn’ page](https://www.plutusdao.io/earn). This is a one-time action. See the image below for reference.

bLPS 'Register' interface

## esPLS * esPLS stands for "escrowed PLS". It is a non-liquid token meaning it can't be traded or transferred between wallets. It may only be staked to receive rewards similar to vlPLS or vested for PLS * esPLS vesting occurs linearly over a 1 year period * Once esPLS enters the vesting process, it cannot be reversed * A portion of emissions for staking rewards and LP staking will be distributed as esPLS instead of only PLS. The ratio is 80% of rewards as esPLS and 20% of rewards as PLS ## Locking * PLS or the PLS-WETH Camelot LP can be locked for vlPLS or vlPLS-WETH respectively * All locks for both vlPLS and vlPLS-WETH are for a 16-week period * Locks cannot be partially unlocked. For example, a user that has locked 1000 PLS in one lock must unlock the entire 1000 PLS if they want to unlock * Locked PLS-WETH is not used to farm the Camelot LP * The ratio of PLS-ETH Camelot LP to vlPLS will vary depending on the ratio of the underlying liquidity pool * For example, if 1 PLS-WETH Camelot LP token is composed of 100 PLS and 0.17 WETH, the accompanying vlPLS-WETH will be equivalent to 200 vlPLS. This ratio will be updated manually on a daily basis for the time being * All PLS or PLS-WETH that is locked is treated as its own lock * For example, User A locks 1,000 PLS on July 1st, then an additional 2,500 PLS on August 1st. User A will be eligible to withdraw 1,000 PLS 16 weeks after July 1st and 2,500 PLS 16 weeks after August 1st * A target minimum APR of 15% is set for vlPLS and vlPLS-WETH lockers * vlPLS and vlPLS-WETH lockers receive all rewards from all underlying plsAssets, multiplier points, esPLS, and ARB emissions ## Understanding Auto-Extend 16-weekWe’ve added an auto-extend feature to locking. This way, users can simply set and forget their position and keep earning rewards even if their 16-week lock is finished. However, it’s important for users to understand the nuances of how auto-extend functions. * Auto-extend is on by default * Locked tokens will always accrue rewards * If auto-extend is off, you will get kicked from the lock once your 16-week lock is up. This simply means that you receive your tokens back into your wallet and don’t earn rewards anymore. Do note that in this scenario, you would burn Multiplier Points! * If auto-extend is on, you cannot get kicked. However, any action you take (claiming rewards, staking new tokens, toggling auto-extend off, etc.) after the timeframe of your original 16-week lock will lock you into a new 16-week lock Let’s take a look at some concrete examples. **Example 1.** *A user locks some PLS and has auto-extend on. They then go away for 50 weeks. They are eligible for rewards this entire time and cannot be kicked. However, once they return and take any action on the ‘Earn’ page, including turning auto-extend off, they will enter a fresh 16-week lock.*\ \ **Example 2.** *A user locks some PLS and has auto-extend on. They want to make sure they can withdraw once the 16-week lock is over. In order to do this, they must turn auto-extend off before the 16-week lock ends. If they do not turn off auto-extend before the 16-week lock ends, any action they take will enter them into a fresh lock.* ## Multiplier Points * Multiplier points accrue at a rate of 100% * Multiplier points are treated as additional vlPLS in terms of accruing rewards with the exception that MPs do not earn MPs * Upon unlocking PLS from a 16-week lock, the accompanying multiplier points will be burn * Multiplier points are burnt when users withdraw vlPLS, vlPLS-WETH, or unstake esPLS. The burn is based on the ratio of unstaked or withdrawn assets vs remaining locked and staked assets Let’s take a look at some examples. **Example 1.** *Let’s assume a user has two locks - one with 1000 PLS and one with 2500 PLS. These have been locked on July 1st and August 1st respectively. If the user unlocks their initial 1000 PLS, 1000/3500 of their multiplier points will be burnt. The multiplier points from their other 2500 PLS will be unaffected.* **Example 2.** *A user has staked some of the esPLS that they have earned. That esPLS has been accruing multiplier points. If a user decides to unstake their esPLS so that they may vest the esPLS used to earn multiplier points, those multiplier points will be burnt accordingly.* # Governance {% embed url="" %} Plutus is Decentralised Autonomous Organisation (DAO), meaning users can **participate** in the protocol's decision making via **voting** on proposals. Community members with over 1M **xPLUTUS** and the Plutus Team write proposals called **PRFCs** (Plutus Request for Comments), which are then voted on on the [Plutus snapshot](https://snapshot.box/#/s:plutus-dao.eth/proposals) space. The proposals are generally related to the team furthering the shared vision of Plutus, such as rebranding from PlutusDAO to Plutus ([PRFC-15](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x586aae17b2c352d4fc9d8f7b8d71d7eb90bd0b919b1fe06c4493f4a88858178a)), or approvals of budgets and other strategy related issues ([PRFC-16](https://snapshot.box/#/s:plutus-dao.eth/proposal/0x28c09bf06675e158ffa1555eccf80a1523996be0cfafdac29caa38631cca10d9)) and investments ([PRFC-8](https://snapshot.box/#/s:plutus-dao.eth/proposal/0xfacb98dad8621ace8391135f75f4bcf994f753b38081329fccc7c95e07258734)). Users can vote with their **xPLUTUS** tokens, with each token counting as **one vote**. This ensures that all voters have a vested interest in the future of Plutus. In the past, voting was aggregated through **bPLS**, which was a composite of multiple different tokens. After PRFC-15, the tokenomics were simplified by the introduction of [PLUTUS](/tokenomics/plutus#usdplutus) and it's locked counterpart [xPLUTUS](/tokenomics/plutus#usdxplutus). # Protocol Fees ## **plsASSET and plvASSET Fees** Fees are generated on the underlying assets that Plutus holds at any given time. ### plsCYPH * A 12% fee is taken on the underlying CYPH yield * These fees are directed to the Plutus treasury ### plsKDK * A 12% fee is taken on the underlying KDK yield * These fees are directed to the Plutus treasury ### plsBERA * A 12% fee is taken on the underlying sWBERA yield * These fees are directed to the Plutus treasury ### plsGRAIL Fees * A 12% fee is taken on the underlying xGRAIL yield * These fees are directed to the Plutus treasury ### plsSYK Fees * A **12%** fee is taken on the underlying xSYK yield * These fees are directed to the Plutus treasury ### plsRDNT Fees * A **12%** fee is taken on the underlying dLP yield * These fees are directed to the Plutus treasury ### plsSPA Fees * A **20%** fee was taken on the underlying veSPA yield * Starting in July 2025, a **12%** fee is taken on the underlying veSPA yield * These fees are directed to the Plutus treasury ### plsPLUTUS Fees * A **12%** fee is taken on the underlying xPLUTUS yield * These fees are directed to the Plutus treasury ### plvHEDGE Fees * A **12%** performance fee is taken on the realised profits of plvHEDGE * This fee is taken into account and already subtracted from performance metrics * These fees are directed to the Plutus treasury ### plvDOLO Fees * A **12%** performance fee is taken on the realised profits of plvDOLO * This fee is taken into account and already subtracted from performance metrics * These fees are directed to the Plutus treasury ### plvLOOP Fees * A **12%** performance fee is taken on the realised profits of plvLOOP * This fee is taken into account and already subtracted from performance metrics * These fees are directed to the Plutus treasury *** ## Unwound or deprecated products ### **plsJONES Fees** * A **12%** fee was taken on the underlying JONES-ETH LP yield * These fees were directed to the Plutus treasury ### plsDPX Fees * A **12%** fee is taken on the underlying veDPX yield * These fees are directed to the Plutus treasury ### **plvGLP Fees** * A **10%** fee is taken on the underlying GLP yield * esGMX is withheld in the plvGLP contract, the rewards from esGMX are passed on to plvGLP stakers * A 2% withdraw fee is taken when a user redeems plvGLP for GLP * **1.5%** goes to Plutus, **0.5%** goes back into the vault and is split amongst plvGLP stakers # Contracts Here you shall find both the current and former contracts listed. ### Plutus Multi-signature Wallets These are the official multi-signature wallets used by Plutus and form the backbone of the operations. Signatories are members of the Plutus Team and actions require a majority of signatories, acting as an added layer of security. | Contract | Address | | ---------------------------------------------- | ----------------------------------------------------------------------------------------------------------------------------------------------- | | Plutus operations (MS1) - Arbitrum | [0xa5c1c5a67Ba16430547FEA9D608Ef81119bE1876](https://arbiscan.io/address/0xa5c1c5a67Ba16430547FEA9D608Ef81119bE1876) | | Plutus treasury (MS2) - Arbitrum | [0xBbE98D590d7eB99F4a236587f2441826396053d3](https://arbiscan.io/address/0xbbe98d590d7eb99f4a236587f2441826396053d3) | | Plutus ops + treasury (MS3) - Berachain | [0x470142EF42aEb7652E8787697938C4a0d530F237](https://app.safe.global/transactions/tx?safe=berachain:0x470142EF42aEb7652E8787697938C4a0d530F237) | | Plutus ops + treasury (MS4) - Superseed | [0xd4271C41311b7de80A00338265BE2E30880E30a1](https://safe.optimism.io/home?safe=superseed:0xd4271C41311b7de80A00338265BE2E30880E30a1) | | Plutus ops + treasury (MS5) - Botanix | [0xdc2b48b067dfda1a32a5352554db7efdf5b8a8c7](https://botanixscan.io/address/0xDC2B48B067dfda1A32A5352554DB7EFDf5B8a8c7) | | Plutus ops + treasury (MS6) - Ethereum Mainnet | [0x162B89d938D0ed977e1527FA7FA1048f0E70469E](https://etherscan.io/address/0x162b89d938d0ed977e1527fa7fa1048f0e70469e) | | Plutus Productive Treasury | [0x2e9ee89099Ee816Eacb7301BCdB57A6375a1C6E1](https://arbiscan.io/address/0x2e9ee89099ee816eacb7301bcdb57a6375a1c6e1) | ### Plutus Tokens These are the contracts for the Plutus tokens. The Plutus Vault tokens are listen further down in the Plutus Vaults section. | Contract | Address | | --------------------------- | --------------------------------------------------------------------------------------------------------------------- | | xPLUTUS Token on Arbitrum | [0x7f89c81561C1A56d983cc5682348310cC330bca7](https://arbiscan.io/address/0x7f89c81561c1a56d983cc5682348310cc330bca7) | | xPLUTUS Staker on Arbitrum | [0x021599E04fe269752ae9C97D47615cf181bed992](https://arbiscan.io/address/0x021599e04fe269752ae9c97d47615cf181bed992) | | PLUTUS Token on Arbitrum | [0x8c1ea32448e09a59f36595abec6207c9ebd590a2](https://arbiscan.io/address/0x8c1ea32448e09a59f36595abec6207c9ebd590a2) | | xPLUTUS Token on Berachain | [0x50bA44Fdf4380054C1a1c01Df7F5a098867E78aE](https://berascan.com/address/0x50ba44fdf4380054c1a1c01df7f5a098867e78ae) | | xPLUTUS Staker on Berachain | [0xEE33BefFcD57780D038b2E9041039bFF9974da6a](https://berascan.com/address/0xee33beffcd57780d038b2e9041039bff9974da6a) | | PLUTUS Token on Berachain | [0x6698ede14709a9dd8379744cc2d28f276e3d2eac](https://berascan.com/address/0x6698ede14709a9dd8379744cc2d28f276e3d2eac) | | plsCYPH Token | [0xf3FB046Dd0b62Eb0EF8b811280CcDA8AA252B35e](https://etherscan.io/address/0xf3fb046dd0b62eb0ef8b811280ccda8aa252b35e) | | plsKDK Token | [0x244f42975DE839e4B99ff6AF095b83d8101C544C](https://berascan.com/address/0x244f42975DE839e4B99ff6AF095b83d8101C544C) | | plsBERA Token | [0xc66D1a2460De7b96631f4AC37ce906aCFa6A3c30](https://berascan.com/address/0xc66D1a2460De7b96631f4AC37ce906aCFa6A3c30) | | plsGRAIL Token | [0x9e6B748d25Ed2600Aa0ce7Cbb42267adCF21Fd9B](https://arbiscan.io/address/0x9e6b748d25ed2600aa0ce7cbb42267adcf21fd9b) | | plsSYK Token | [0x68D6d2545f14751baF36c417c2CC7cdf8dA8a15b](https://arbiscan.io/address/0x68d6d2545f14751baf36c417c2cc7cdf8da8a15b) | | plsRDNT Token | [0x5f05c6B6370ec22916e619dFc6Bd60B98ce26b64](https://arbiscan.io/address/0x5f05c6B6370ec22916e619dFc6Bd60B98ce26b64) | | plsSPA Token | [0x0D111e482146fE9aC9cA3A65D92E65610BBC1Ba6](https://arbiscan.io/address/0x0d111e482146fe9ac9ca3a65d92e65610bbc1ba6) | ### plsASSET Contracts These are the contracts for plsASSETs. For the tokens themselves, see previous section. | Contract | Address | | ----------------- | --------------------------------------------------------------------------------------------------------------------- | | plsCYPH Staker | [0xa7ab9a31Ce5aF583942b557554b636A858f58F52](https://etherscan.io/address/0xa7ab9a31ce5af583942b557554b636a858f58f52) | | plsKDK Staker | [0x9e6B748d25Ed2600Aa0ce7Cbb42267adCF21Fd9B](https://berascan.com/address/0x9e6B748d25Ed2600Aa0ce7Cbb42267adCF21Fd9B) | | plsBERA Staker | [0xe8bEB147a93BB757DB15e468FaBD119CA087EfAE](https://berascan.com/address/0xe8beb147a93bb757db15e468fabd119ca087efae) | | plsBERA LP Staker | [0x915882ae9106A71aCd7820E416C477A4B8B47524](https://berascan.com/address/0x915882ae9106a71acd7820e416c477a4b8b47524) | | plsGRAIL Staker | [0x62c10f8f003093C942a9AB8B3E0F94BA612CC982](https://arbiscan.io/address/0x62c10f8f003093C942a9AB8B3E0F94BA612CC982) | | plsSYK Staker | [0xCE8A501710ff0717601AD43B51f4b7CF832beff4](https://arbiscan.io/address/0xCE8A501710ff0717601AD43B51f4b7CF832beff4) | | plsRDNT Staker | [0x369722ab25b1c89E6a56208b37A5125d53c2d936](https://arbiscan.io/address/0x369722ab25b1c89E6a56208b37A5125d53c2d936) | | plsSPA Depositor | [0x8c12e3C9b26Ee2e43A1a71cd974e6bF250472129](https://arbiscan.io/address/0x8c12e3c9b26ee2e43a1a71cd974e6bf250472129) | | plsSPA Farm | [0x73e7c78E8a85C074733920f185d1c78163b555C8](https://arbiscan.io/address/0x73e7c78e8a85c074733920f185d1c78163b555c8) | ### Plutus Liquidity Pools These are the Plutus native LP Tokens and their LP Stability Module. | Contract | Address | | ------------------------------- | -------------------------------------------------------------------------------------------------------------------- | | GRAIL/plsGRAIL Token | [0x76e89DDEb88b2ebF1902f2907afC2cC1bCBcBE60](https://arbiscan.io/address/0x76e89DDEb88b2ebF1902f2907afC2cC1bCBcBE60) | | SYK/plsSYK Token | [0xeBE52Cb7c5f1868815b000a4dA782871B4DAeD62](https://arbiscan.io/address/0xeBE52Cb7c5f1868815b000a4dA782871B4DAeD62) | | SPA/plsSPA Token | [0x1CEab12ec81389f642C163D7406CfA9e72046309](https://arbiscan.io/address/0x1CEab12ec81389f642C163D7406CfA9e72046309) | | Liquidity Pool Stability Module | [0x54e340ffeFC0cDCd06186b23805B3d8710431744](https://arbiscan.io/address/0x54e340ffeFC0cDCd06186b23805B3d8710431744) | ### Plutus Vaults These are the contracts for the Plutus Vaults, also referred as plvASSETs. These are grouped by chain for easier searching. | Contract | Address | | ---------------------------- | ------------------------------------------------------------------------------------------------------------------------------- | | plvHEDGE on Arbitrum | [0x58BfC95a864e18E8F3041D2FCD3418f48393fE6A](https://arbiscan.io/address/0x58BfC95a864e18E8F3041D2FCD3418f48393fE6A) | | plvDOLO on Arbitrum | [0xf84eaA0685626f84fE17bc6C3c9eb2Ac8a90d3C1](https://arbiscan.io/address/0xf84eaa0685626f84fe17bc6c3c9eb2ac8a90d3c1) | | plvLOOP on Arbitrum | [0x4a15404235f4A0BC2CBCF5ba7E92763cB8335660](https://arbiscan.io/address/0x4a15404235f4a0bc2cbcf5ba7e92763cb8335660) | | plvHEDGE on Berachain | [0x28602B1ae8cA0ff5CD01B96A36f88F72FeBE727A](https://berascan.com/address/0x28602B1ae8cA0ff5CD01B96A36f88F72FeBE727A) | | plvDOLO on Berachain | [0x2eD0837D9f2fBB927011463FaD0736F86Ea6bF25](https://berascan.com/address/0x2ed0837d9f2fbb927011463fad0736f86ea6bf25) | | plvLOOP on Berachain | [0xBc987555C268e3F0d2819a4B972cC99c9FbbC643](https://berascan.com/address/0xbc987555c268e3f0d2819a4b972cc99c9fbbc643) | | plvHEDGE on Botanix | [0x2e4612e617F6E378B4dDDca5FC53258b50e495a1](https://botanixscan.io/address/0x2e4612e617F6E378B4dDDca5FC53258b50e495a1) | | plvDOLO on Botanix | [0x268DE148412c5f922429CBFB4da408Ea577C9285](https://botanixscan.io/address/0x268DE148412c5f922429CBFB4da408Ea577C9285) | | plvLOOP on Botanix | [0xa075222F01cD4C8b20C2f2e0ee2D78d642e68537](https://botanixscan.io/address/0xa075222F01cD4C8b20C2f2e0ee2D78d642e68537) | | plvHEDGE on Ethereum Mainnet | [0x595e1Cfd74B513BCaFc1f212A2E437692725A39E](https://etherscan.io/address/0x595e1cfd74b513bcafc1f212a2e437692725a39e) | | plvDOLO on Ethereum Mainnet | [0x734DceD3f83b10Cf00b380381FFAb8ffB0606d9D](https://etherscan.io/address/0x734dced3f83b10cf00b380381ffab8ffb0606d9d) | | plvLOOP on Ethereum Mainnet | [0x9F5a72636D5475C8CBDB7dFF298BBD7412b76092](https://etherscan.io/address/0x9f5a72636d5475c8cbdb7dff298bbd7412b76092) | | plvHEDGE on Superseed | [0xEdFa70dd83ceea284722f5dE3fEcDce8C14bf502](https://explorer.superseed.xyz/address/0xEdFa70dd83ceea284722f5dE3fEcDce8C14bf502) | ### General Plutus Contracts | Contract | Address | | --------------- | -------------------------------------------------------------------------------------------------------------------- | | Fee Collector | [0x4bC6148306aBCcaD5D95C0cd916249d7D08711aA](https://arbiscan.io/address/0x4bc6148306abccad5d95c0cd916249d7d08711aa) | | Team Vester | [0x00E314654bA860c7146e1a973590F16a67e19624](https://arbiscan.io/address/0x00e314654ba860c7146e1a973590f16a67e19624) | | Pending Rewards | [0x6052213c67A539A91A1A88842dD81785601ddD13](https://arbiscan.io/address/0x6052213c67a539a91a1a88842dd81785601ddd13) | | MasterChef | [0x5593473e318F0314Eb2518239c474e183c4cBED5](https://arbiscan.io/address/0x5593473e318f0314eb2518239c474e183c4cbed5) | | PLS-ETH SLP | [0x6cc0d643c7b8709f468f58f363d73af6e4971515](https://arbiscan.io/address/0x6cc0d643c7b8709f468f58f363d73af6e4971515) | ### Unwound Project Contracts The following contracts are for projects that are no longer active. | Contract | Address | | ------------------------------- | -------------------------------------------------------------------------------------------------------------------- | | DpxDepositor | [0x4D56D5A417269A5bFa909cc0f67DFFE992272606](https://arbiscan.io/address/0x4d56d5a417269a5bfa909cc0f67dffe992272606) | | DpxStaker | [0xC046F44ED68014f048ECa0010A642749Ebe34b03](https://arbiscan.io/address/0xc046f44ed68014f048eca0010a642749ebe34b03) | | PlsDpxRewardsDistro | [0x38e517AB9edF86e8089633041ECb2E5Db00715aD](https://arbiscan.io/address/0x38e517ab9edf86e8089633041ecb2e5db00715ad) | | JonesDepositor | [0x66Cd8Cb1bA49f1A07703fa6E5BFE2BEB2eC8c706](https://arbiscan.io/address/0x66cd8cb1ba49f1a07703fa6e5bfe2beb2ec8c706) | | JonesStaker | [0x668BB973c3e35759269DAc6D5BF118EA9729110E](https://arbiscan.io/address/0x668bb973c3e35759269dac6d5bf118ea9729110e) | | PlsJonesRewardsDistro | [0x6cB81093F91C9CdB08d2b190830484D8180d5544](https://arbiscan.io/address/0x6cb81093f91c9cdb08d2b190830484d8180d5544) | | PlsJonesPlutusChef | [0x23B87748b615096d1A0F48870daee203A720723D](https://arbiscan.io/address/0x23B87748b615096d1A0F48870daee203A720723D) | | plsDPX Token (deprecated) | [0xF236ea74B515eF96a9898F5a4ed4Aa591f253Ce1](https://arbiscan.io/address/0xf236ea74b515ef96a9898f5a4ed4aa591f253ce1) | | PlsDpxPlutusChef | [0x20DF4953BA19c74B2A46B6873803F28Bf640c1B5](https://arbiscan.io/address/0x20df4953ba19c74b2a46b6873803f28bf640c1b5) | | PLS Token (unwound) | [0x51318B7D00db7ACc4026C88c3952B66278B6A67F](https://arbiscan.io/address/0x51318b7d00db7acc4026c88c3952b66278b6a67f) | | plsRDNT Token (v2 - deprecated) | [0x6dbf2155b0636cb3fd5359fccefb8a2c02b6cb51](https://arbiscan.io/address/0x6dbf2155b0636cb3fd5359fccefb8a2c02b6cb51) | | plsRDNT Token (v1 - deprecated) | [0x1605bbDAB3b38d10fA23A7Ed0d0e8F4FEa5bFF59](https://arbiscan.io/address/0x1605bbdab3b38d10fa23a7ed0d0e8f4fea5bff59) | | plsJONES Token (unwound) | [0xe7f6C3c1F0018E4C08aCC52965e5cbfF99e34A44](https://arbiscan.io/address/0xe7f6C3c1F0018E4C08aCC52965e5cbfF99e34A44) | | plsARB Token (unwound) | [0x7a5D193fE4ED9098F7EAdC99797087C96b002907](https://arbiscan.io/address/0x7a5D193fE4ED9098F7EAdC99797087C96b002907) | | plvGLP Token (unwound) | [0x5326E71Ff593Ecc2CF7AcaE5Fe57582D6e74CFF1](https://arbiscan.io/address/0x5326e71ff593ecc2cf7acae5fe57582d6e74cff1) | | plvGLP Depositor | [0x13F0D29b5B83654A200E4540066713d50547606E](https://arbiscan.io/address/0x13F0D29b5B83654A200E4540066713d50547606E) | | plvGLP Farm | [0x4E5Cf54FdE5E1237e80E87fcbA555d829e1307CE](https://arbiscan.io/address/0x4e5cf54fde5e1237e80e87fcba555d829e1307ce) | | PrivateTGEVester | [0xB27f216Bad95492503A2158CA51e3aF45Ed2662C](https://arbiscan.io/address/0xb27f216bad95492503a2158ca51e3af45ed2662c) | | TGEController | [0x195B6eA50150900A25FA0928b8B65B03C7666D10](https://arbiscan.io/address/0x195B6eA50150900A25FA0928b8B65B03C7666D10) | | TGEVault (ETH) | [0xc1D8f4109eC84db9b607e2705779142eC8F9534a](https://arbiscan.io/address/0xc1D8f4109eC84db9b607e2705779142eC8F9534a) | | TGEVault (DPX) | [0xF4790fc873351C624d225269d4d21cF591e441b2](https://arbiscan.io/address/0xF4790fc873351C624d225269d4d21cF591e441b2) | | TGEVault (JONES) | [0xd6c9fe8dbc50c620222e8679CFf0461994b532DA](https://arbiscan.io/address/0xd6c9fe8dbc50c620222e8679CFf0461994b532DA) | | EpochStakingController | [0xcaCf98a9235bB33DFa0E7E6A7000A937c2e6c9bA](https://arbiscan.io/address/0xcacf98a9235bb33dfa0e7e6a7000a937c2e6c9ba) | | PlutusEpochStaking (1 Month) | [0x27Aaa9D562237BF8E024F9b21DE177e20ae50c05](https://arbiscan.io/address/0x27Aaa9D562237BF8E024F9b21DE177e20ae50c05) | | PlutusEpochStaking (3 Month) | [0xE59DADf5F7a9decB8337402Ccdf06abE5c0B2B3E](https://arbiscan.io/address/0xe59dadf5f7a9decb8337402ccdf06abe5c0b2b3e) | | PlutusEpochStaking (6 Month) | [0xBEB981021ed9c85AA51d96C0c2edA10ee4404A2e](https://arbiscan.io/address/0xBEB981021ed9c85AA51d96C0c2edA10ee4404A2e) | # Links ## LINKTREE {% embed url="" %} ## DEBANK {% embed url="" %} ## MEDIUM {% embed url="" %} # Risk Acknowledgement * Any ROI/APY shown is indicative and based on realised past results and backtesting. * The indicative ROI/APY is not guaranteed as is subject to market risk. * Donations and vault participation isn't not risk-free, and negative returns are possible. * By using the Plutus dApp, the user acknowledges the associated risks. * Plutus is not an investment fund. ## Plutus Vaults Disclaimer {% embed url="" %} plsASSETS & assets deposited into the Plutus vaults are not insured or guaranteed and may lose value. Yield and rewards shown are estimates and are not guaranteed. Returns depend on external protocols, market conditions, smartcontract performance, and other factors outside the control of Plutus. Using the Plutus vaults involves risk, including loss of principal, impermanent loss, smartcontract vulnerabilities, counter party risk, leverage exposure, oracle failures and market volatility. By interacting with the Plutus vaults, users acknowledge that they understand these risks and accept full responsibility for their decisions. Plutus does not provide investment, legal, financial, tax, or accounting advice. Nothing on this site should be considered a solicitation or recommendation to buy, sell, or hold any asset or participate in any protocol. Users are responsible for understanding and complying with local laws and regulations. Access may be restricted in certain jurisdictions. Plutus.fi is a dAPP provided “as is” without warranties of any kind. No developer, contributor, or community member is liable for losses arising from using the protocol, including but not limited to exploits, market losses, or thirdparty integrations. By engaging with the Plutus vaults, you confirm that you are not in a restricted jurisdiction and that you fully understand and accept the risks of interacting with the Plutus vaults. # Media Kit This is our brand kit, you’ll find everything you need to represent Plutus visually and vocally across platforms. The most up-to-date information can be found on our [website](https://plutus.fi/brand). ## Colour Text/border colour 1: `#203820` (dark green) Text/border colour 2: `#3E3E3E` (dark grey) Highlight colour: `#2FD70A` (lime green) Background colour: `#E3E6E3` (marble white) ## Font Space Grotesk (text weight 500) → ## Logo [Plutus Logo](https://plutus.fi/brand) ## Support Have a question, request, or suggestion? Open a support ticket in [our Discord](https://discord.gg/plutusdao-io), we’re here to help.