Plouto is an open and decentralized cryptocurrency asset management protocol.
PLU is a governance token issued by the protocol of Plouto, which has the governance voting rights and the rights to get dividends from staking. A total of PLU is 300,000 and no private placement, no pre-mining and no additional issuance. All of the PLU are released according to the principle of fair distribution. The specific details for distribution is as follows:
Pool 1: 100,000, obtained by staking pDAI, pUSDC, pUSDT and pyCRV, and the mining period is 60 days.
Pool 2: 80,000, obtained by staking the BPT that provides liquidity for PLU/DAI in Balancer, and the mining period is 60 days.
Pool 3: 60,000, under the premise of participating in community governance and staking at least 1,000 BPT in Pool 2, obtained by staking PLU, and the mining period is 60 days.
The remaining 60,000 PLU will be locked in the contract and fully managed by PLU holders, who will vote to decide whether to add more mining pools.
Pool 1
Launch time: 13:00 (UTC+0)September 26
Output: 100,000 PLU
Mining period: 60 days
Release rule: linear release
Mining requirements:
1. Deposit assets in the vault to obtain pToken required for staking.
2. staking pToken to participate in mining.
The 100,000 PLU of Pool 1 will be allocated to the following 8 sub-pools, with an average of 10,000 per sub-pool. Users can stake multiple pTokens at the same time to participate in the mining of all the following mining pools. The sub-pool will start mining synchronously on September 26 with a period of 60 days. The contract address for stake mining is as follows:
Contract Address
0x44e4c5cC3271f12B4d4E18C2E6ED5ADD23E0c7f7
0xbA2490fde233Bd364b60Bd2137B1F1ef9F684493
0xF33763F4370806923e84E3C6da7627a4337e4965
0xcb56E6a8881778cf25C7CdD3Cd3466bC57e548bC
0xe1fff51Dae37a8221De71fe38946ab623eE605e7
0xf5Dc9084AF712fBA8D4FDDD30Ba0b464777d5BC2
0x6778dC7e2344c42E9FDE19bA261F49315412c881
Pool 2
Launch time: 13:00 (UTC+0)September 26
Output: 80,000 PLU
Mining period: 60 days
Release rule: linear release
Mining requirements:
1. Add liquidity to PLU/DAI in Balancer to obtain BPT. ‘Click to jump to the PLU/DAI fund pool of Balancer’
2. Stake BPT to participate in mining.
Pool 2 is the liquidity pool of PLU. Users can use the PLU obtained by Pool 1 to provide liquidity for the PLU at the ratio of 3% PLU and 97% DAI on the Balancer to obtain the BPT required by the Pool 2. Staking BPT can participate in the stake mining of PLU. Pool 2 will start mining at 13:00 (+0)UTC on September 26 with a period of 60 days and a total of 80,000 PLU. The contract address for stake mining is as follows
PLU/DAI BPT: Not yet released
Pool 3
Launch time: To be confirmed
Output: 60,000 PLU
Mining period: To be determined
Release rule: linear release
Mining requirements:
1. Participated in Plouto’s proposal voting within three days.
2. At least 1000 BPT must be staked in Pool 2.
3. Stake PLU to participate in mining.
The third mortgage pool is the governance pool of the Plouto protocol. After meeting the above two conditions, users can participate in the governance and voting of Plouto by staking PLU, and at the same time get the PLU mining rewards. Pool 3 will be launched based on market conditions and after soliciting community opinions.
Please note: If you do not meet the mining requirements of Pool 3, you can stake PLU to participate in mining but cannot withdraw PLU rewards. The reward will be unlocked only if the conditions are met. After voting on a proposal in Plouto governance, the PLU you staked will be temporarily locked. When the proposal ends, the PLU you staked will be automatically unlocked, and users can cancel the stake and withdraw by themselves.
The contract address for stake mining is as follows:
Governance contract of PLU:Not yet released
Rate setting
The protocol of Plouto will charge 6% of revenue and 0.5% of asset management fees and send them to the treasury.
The funds in the treasury will be used in the necessary invocation fees of smart contract, the cost of regular security audits and the long-term development of Plouto. Plouto will finally transfer to the complete community DAO governance, which PLU holders will vote to determine the use of the funds in treasury.
How to farm PLU: https://docs.plouto.finance/en/2.html
For further information:
Website:https://www.plouto.finance
Twitter:https://twitter.com/Ploutoprotocol
Telegram:https://t.me/ploutofinance
Discord:https://discord.gg/nfX5ax6