$yPLX

Time-locked BPT

$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 👇

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