plsBERA

A quick reference on 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. 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.

Additional Reading

For additional info, you can read this Medium article or join the Plutus Discord.