What Is Plateau Finance (PLT)?
Plateau Finance is a Smart Yield Optimizer Platform that allows users to stake LP-Tokens issued from the AMM’s in Plateau Vaults, which automatically harvest and re-stake their rewards as LP-Tokens for a compounding effect. Helping users obtain higher rewards, hassle-free. Finance is a fork from Beefy Finance, with an enhanced user experience and expansive selection of Avalanche pools spanning the entire ecosystem. Plateau users will have access to Liquid Boost Vaults, which were designed to boost liquidity to a designated pool in the AMM’s.
Plateau Finance Storage Key Points
|Coin Name||Plateau Finance|
|Circulating Supply||982,900,000.00 PLT|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Now that the initial launch was a success, we are laying the foundation for this project to jump to the next level. Once they have this foundation established, they can set your focus toward building the future of Smart Yield Optimizing on Avalanche. An essential service that is leveraging a trade able cryptocurrency token for advance membership sales to fund expansion to provide more people with a cost effective, affordable means to survive a collapse.
FR CEO is Dr. Drew Miller, a retired USAF Reserve Colonel and intelligence officer, Masters Degree and PhD from Harvard University, former DoD think tank and Pentagon Senior Executive Service, Vice President of Securities America, blockchain business consultant, and author of articles on a major threat face today bio engineered viral pandemics.
Plateau Finance enables users to effectively become a shareholder in the Finance platform and receive a distribution equal to 50% of your platform harvest fee. Allowing users to earn rewards that grow directly along side with your TVL. PLT is designed to be deflationary, offering a competitive variable passive burn rate fee of 1%, and a 1% fee used to form PLT-AVAX. This allows users to gain value from passively holding the token as well as keeping slippage between the platform’s main pairs reasonably low.
- Protocol Token
- Variable fee engineered to create deflationary pressure (1% Burn)
- 1% of Transaction Fees is transformed into LP tokens (PLT-AVAX LP) and locked indefinitely in the Ecosystem Fund to ensure slippage is kept to a minimum.
- Stake PLT to earn more PLT via the Plateau fee batch mechanic equal to 50% of the platforms Harvest Fee, distributed in the $PLT staking pool.
- 12.5% of the platforms Harvest Fee will be used to create PLT-AVAX LP tokens and rewarded to PLT-PLT-AVAX Stakers
- PLT-PLT, will be provided to the individual staking Plateau Finance as a representation of their share in the pool.
- PLT-PLT token holders will have voting power when the DAO is implemented.
- Holding PLT-PLT makes you eligible for partner airdrops.
Deposits Fee Structure
- There is 0% fee on all deposits in Plateau vaults. Forever unlimited free deposits on all actions.
- However, there may be a third party deposit fee charged by the Farm provider listed in the pool details.
- There is 0.1% fee at time of withdrawal from the vaults, collected fee will be distributed back to people staking in that specific vault.
- This also will prevent people from staking and un-staking before the harvest function get called.
All Plateau Vaults run an auto compound (harvest) action to convert farming reward tokens into additional LP on behalf of the user. Plateau Finance LPs are reinvested automatically into the pool for a compounding effect.
- Compound reward tokens issued by the AMMs into staked LP by selling the rewards and pooling them again as LP.
- Compound event occurs in multiple cycles per day, depending on the vault balance.
- Receipt tokens are issued to the user upon each vault deposit representing your share of the vault which is used to withdraw profits (Eg: ETH-AVAX vault of Trader Joe LP tokens is named JOE-ETH-AVAX )