plsSYK

A quick reference on plsASSETs.
plsSYK is a yield-bearing token built on Stryke (formerly Dopex), the leading Arbitrum platform for on-chain options trading and liquidity provision. It enables holders to earn xSYK yield through Strykeโs revenue-sharing model while staying liquid.
Rewards
50/50 Split: Rewards are distributed evenly in plsSYK and SYK, giving stakers balanced exposure to both the wrapped and native tokens.
Permanent xSYK Staking: xSYK yield is staked permanently, locking in value for the protocol permanently.
Custom LP Strategy
The plsSYK-SYK pool on Camelot v3 will be enhanced with a custom automated strategy, optimizing yield and liquidity management. SYK from a treasury swap is used to support liquidity and conduct buybacks whenever the plsSYK-SYK ratio drops below 0.8:1, which serves as a soft floor for the wrapped asset. These buybacks compounded yield for plsSYK holders and provided additional rewards for bPLS stakers.
plsSYK Diagram

Medium Articles
An interplay of yield and liquidity (Jones smart LP intro)
Stryke Project Info
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