Plutus Tokenomics Overview

NOTE: This article is slightly outdated as we prepare for a complete tokenomics 2.0 revamp.

We’re very excited to release details on $PLS tokenomics and all the tokens involved in the Plutus ecosystem! Buckle up — this is going to introduce a new paradigm for all Dopex ecosystem participants and significantly increase the utility of both your existing Jones and DPX tokens!

Token Overview

Plutus (PLS)

PLS is the governance token of Plutus and is used to control veDPX and veJONES governance. PLS will be used for voting on how Plutus allocates its veAsset governance towards Jones and Dopex. In order to vote users will have to lock their PLS.

• PLS can be staked on Plutus to earn platform fees received in plsJONES and plsDPX. This will keep instrumental veAssets within the Plutus ecosystem, contributing to an increase in governance power as well an increase in Jones veBoost
• PLS stakers will also receive a portion of yield from the Plutus treasury
• PLS will be initially minted through a token event

plsDPX (Tokenized veDPX)

• When a user deposits DPX into Plutus it is locked in the platform as veDPX forever and in return the user receives plsDPX 1:1
• plsDPX stakers will receive veDPX revenue, platform fees, PLS emissions, and a portion of treasury yield
• Plutus will incentivize a plsDPX/DPX liquidity pool

plsJONES (Tokenized veJONES)

• When a user deposits JONES into Plutus it is locked in the platform as veJONES forever and in return the user receives plsJONES 1:1
• plsJONES stakers will receive veJONES revenue, platform fees, PLS emissions, and a portion of treasury yield
• Plutus will incentivize a plsJONES/JONES liquidity pool

Token Distribution

Max Supply: 100 million

35% — Platform Rewards

• Plutus LP Farms Incentives rewarded pro-rata for JONES received on Plutus

15% — Liquidity mining

• Single staking plsAssets + PLS-ETH LP incentives + plsAsset LP incentives

13.8% — Operational Allocation

• Community driven activities, future incentives, incentivize outside contribution, DAO swaps, etc

10% — Bonding

• Bonding funds will be used to acquire assets deemed important to the Plutus ecosystem
• Bonding will be done in phases over the course of the project

10% — Public Round

• Funds will go towards developing a productive treasury
• Dopex LPs, Jones LPs, jAsset LPs, DPX, etc

4.2% — Private Round

• All funds from the private round will go towards ensuring the long-term development of Plutus
• Private round funds have a 3 month cliff and 3 months vesting

12% — Plutus Team

• 80% — 3 month cliff, 18 months vesting
• 20% — Staked in liquidity pools

Protocol Fees

Plutus earns fees on the total yield generated for users.

16% fee on JONES revenue generated by Jones LPs on Plutus

• 5% goes to plsJONES stakers — paid in JONES
• 5% goes to plsDPX stakers — paid in JONES
• 5% goes to PLS stakers — paid in plsJONES
• 1% goes to PLS lockers — paid in plsJONES

Productive Treasury Distribution

Plutus will have a productive treasury that will serve two parts. Part one is deepening the liquidity of trading pairs and removing a portion of the token supply from the market. Part two is distributing a portion of yield back to users while compounding the rest.

Compounding

• 55% of yield generated will be compounded within the treasury
• This compounded yield may later be bonded for LPs or to diversify the treasury

Distribution

10% of yield generated will be distributed to PLS stakers

• 5% of yield generated will be distributed to PLS lockers

10% of yield generated will be distributed to plsJONES stakers

• 5% of yield generated will be distributed to plsJONES lockers

10% of yield generated will be distributed to plsDPX stakers

• 5% of yield generated will be distributed to plsDPX lockers

PLS Mechanics

PLS is the governance token of Plutus.

• PLS can be staked on Plutus to earn a portion of fees and yield generated
• PLS stakers receive fees as plsJONES and plsDPX (liquid veJONES and veDPX) in order to increase the veBoost offered by Plutus and the amount of governance power controlled by PLS lockers
• PLS lockers receive additional fees as plsJONES and plsDPX as well as control over the veJONES and veDPX locked with Plutus. The lock is for a 16-week period.

PLS Stake/Locking Revenue Breakdown:

• 5% fee from JONES revenue generated by Jones LPs on Plutus — paid in plsJONES
• 3% fee from yield generated by Plutus Dollar Maxi Vaults — paid in plsDPX
• 10% of yield generated by the Plutus Productive Treasury — paid in plsJONES and plsDPX
• PLS Lockers receive an additional 5% of yield generated by the Plutus Productive Treasury and an additional 1% of Plutus fees — paid in plsJONES and plsDPX

plsJONES Mechanics

plsJONES is tokenized veJONES.

• When users deposit JONES into Plutus the JONES is locked in Plutus forever as veJONES
• plsJONES is a tokenized version of veJONES and is minted 1:1

plsJONES Staking

• plsJONES can be single-staked in Plutus to receive the fees a user would earn by staking their veJONES on Jones
• plsJONES stakers will also receive JONES and DPX from Plutus’ fees, PLS emissions, and 10% of yield generated by the treasury

plsJONES Locking

• Plutus will offer a locked plsJONES vault that will offer users an increased portion of yield generated by the treasury
• plsJONES lockers will receive an additional 5% of yield generated by the treasury

plsJONES Liquidity Pools

• Users can also pair their plsJONES with JONES and deposit to the plsJONES-JONES liquidity pool
• Users can stake their LP token on Plutus to receive additional PLS rewards

plsJONES Stake/Locking Revenue Breakdown:

• PLS liquidity mining emissions
• veJONES rewards
• 5% fee from JONES revenue generated by Jones LPs on Plutus — paid in JONES
• 3% fee from yield generated by Plutus Dollar Maxi Vaults — paid in DPX
• 10% of yield generated by the Plutus Productive Treasury — paid in JONES and DPX
• plsJONES Lockers receive an additional 5% of yield generated by the Plutus Productive Treasury — paid in Jones and DPX

plsDPX Mechanics

plsDPX is tokenized veDPX.

• When users deposit DPX into Plutus the DPX is locked in Plutus forever as veDPX
• plsDPX is a tokenized version of veDPX and is minted 1:1

plsDPX Staking

• plsDPX can be single-staked in Plutus to receive the fees a user would earn by staking their veDPX on Jones
• plsDPX stakers will also receive JONES and DPX from Plutus’ fees, PLS emissions, and 10% of yield generated by the treasury

plsDPX Locking

• Plutus will offer a locked plsDPX vault that will offer users an increased portion of yield generated by the treasury
• plsDPX lockers will receive an additional 5% of yield generated by the treasury

plsDPX Liquidity Pools

• Users can also pair their plsDPX with DPX and deposit to the plsDPX-DPX liquidity pool
• Users can stake their LP token on Plutus to receive additional PLS rewards

plsDPX Stake/Locking Revenue Breakdown

• PLS liquidity mining emissions
• veDPX rewards
• 5% fee from JONES revenue generated by Jones LPs on Plutus — paid in JONES
• 3% fee from yield generated by Plutus Dollar Maxi Vaults — paid in DPX
• 10% of yield generated by the Plutus Productive Treasury — paid in JONES and DPX
• plsDPX Lockers receive an additional 5% of yield generated by the Plutus Productive Treasury — paid in JONES and DPX

If you have any questions at all, please jump in to our Discord — we’re more than happy to answer any and all questions. Also join us for our AMA starting in just under 2 hours (7PM GMT / 2PM EST)!

As a reminder, here’s what’s happening next:

• 17.3-20.3 — Private Token Generation Event (specific timing TBA)
• Week 13/14 — Public Token Generation Event
• Week 14/15 — Product Releases