Plouto is composed of six components: vault, open vault, controller, validator, strategy and governance.The funds in the vault are allocated by the controller, and the controller can only execute the strategies verified by the validator. The risks of these investment targets under the strategies are controllable. And the the contract is audited, such as Compound, Aave. In the second stage, the implementation strategy needs to be passed by community governance.While the strategies implemented by open vault do not need to be passed through community governance, and users judge by themselves.
According to the isolation mechanism between assets, strategies and administrators. Administrators cannot directly use the assets in the vault.The administrators of the vault can only authorize the controller to execute the strategies that have been passed by the DAO. The administrators are all elected by the DAO. Only after elections and multiple administrators sign at the same time can the controller execute the new strategies passed by the DAO.
The open vault is created by a third party, and its strategy is not managed by Plouto DAO. They can better respond to market changes and be implemented quickly, such as:
1) Multi-protocol arbitrage,
2) Airdrop bounty,
3) Liquidity mining.
The founding team is responsible for the initial settings (investable assets, etc.) during the startup phase of Plouto. After the transition to decentralized governance, users holding PLU can participate in governance, including but not limited to the following matters:
1)Election of administrators
2) Review/Oppose/Pass the investment strategy
3) Whether to issue additional PLU
4) Direction of development in the future
