Plutus
  • 🔮Protocol Overview
  • 💼Products
    • plsASSETs
      • plsGRAIL
      • plsSYK
      • plsSPA
      • plsRDNT
    • plvASSETS
      • plvGLP
      • plvHEDGE
  • 📊Tokenomics
    • PLS
    • PLUTUS
  • 🎁Non-Rebase Bonding
  • 💸Protocol Fees
  • 👨‍💻Contracts
  • 🔗Links
  • ❗Risk Acknowledgement
  • 📄Disclaimers & Disclosures
Powered by GitBook
On this page
  • Rewards
  • Custom LP Strategy
  • plsSYK Diagram
  • Medium Articles
  • Stryke Project Info
  1. Products
  2. plsASSETs

plsSYK

PreviousplsGRAILNextplsSPA

Last updated 1 month ago

A quick reference on .

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

Stryke Project Info

(Jones smart LP intro)

Phoenix rising: plsSYK Launched
Introducing plsSYK, a time saver
Dip your toes in the plsSYK:SYK liquidity pool
An interplay of yield and liquidity
Stryke Discord
Stryke Docs
💼
plsASSETs
Page cover image