plsGRAIL
A quick reference on 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.
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.
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
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Additional Reading
For more information, you can read this Medium article: Into orbit: plsGRAIL Launched
Camelot Project Info
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