$PLX

Native token

$PLX is the native token for all Parallax Finance products and will be primarily used for the following purposes:

  • ve8020 model — Timelock 80PLX/20ETH Balancer Pool Token to capture the majority of protocol fees

  • $yPLX — Hold more of $yPLX for greater % of rewards

  • Strategist — Hold tokens to suggest vault strategies in the DAO

  • Governance — Hold tokens to participate and direct platform emissions to boost vaults

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