$yPLX
Time-locked BPT
Last updated
Time-locked BPT
Last updated
$yPLX will have the following utilities:
Deposit Earning Multiplier By locking 80/20 BPT for $yPLX, users can earn boosted rewards for their deposits in our Orbital and Andromeda Vaults based on the amount of $yPLX held.
Sharing of Protocol Fees Users have the power to vote, determine the distribution structure and the portion of protocol fees that will be shared among $PLX holders.
Exclusive Access As a community-focused platform, our “Guardians of Parallax” will decide on additional perks for $yPLX holders, including early access or whitelist access to particular vaults and strategies.
$yPLX is only obtainable from adding LP with 80 PLX - 20 WETH on Balancer, obtain Balancer Pool Tokens (BPT) and stake them on Parallax's staking vaults.
Read more in the ve8020 Mechanics section 👇
