Plutus DAO: governance aggregator on Arbitrum, the Convex of ARB
Thread141 words
Frames Plutus as the Convex of Arbitrum: PLS is a bet on rising Arbitrum ecosystem governance value. Users deposit supported tokens for plsTokens with higher APR, and the goal is to become a governance blackhole on L2.
Key claims
Supports ARB, DPX, JONES, SPA and RDNT
Offers about 17% APR on ARB converted to plsARB
Plutus also has a plvGLP vault earning extra PLS emissions
alpha-馃毃
@PlutusDAO_io is a governance aggregator on @Arbitrum (basically @ConvexFinance of $ARB)
if you're bullish on $ARB, then $PLS is a bet on rising value of Arbitrum ecosystem governance
$PLS currently supports the following tokens
- $ARB
- $DPX
- $JONES
- $SPA
- $RDNT
the goal of @PlutusDAO_io is to become a "governance blackhole" on L2 by accumulating voting power in $ARB ecosystem projects
to achieve that, @PlutusDAO_io let's users deposit the supported tokens in exchange for $plsDPX, $plsJONES, $plsSPA, etc that allow users to earn a higher APR
currently, @PlutusDAO_io for example offers users an APR of 17% on $ARB that is being deposited & converted to $plsARB
@PlutusDAO_io also introduced a $plvGLP vault which earns additional yield from $PLS emissions
but for a great deep dive 馃У please refer to the one by @ArbiAlpha linked below 馃憞
x.com/ArbiAlpha/status/1597509355804712960
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