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 Stryke’s 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

• Phoenix rising: plsSYK Launched
• Introducing plsSYK, a time saver
• Dip your toes in the plsSYK:SYK liquidity pool
• An interplay of yield and liquidity (Jones smart LP intro)

Stryke Project Info

Stryke Discord

Stryke Docs