What Is Plateau Finance (PLT) ?
Plateau Finance (PLT) 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. Plateau 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 (PLT) 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|
Plateau Finance (PLT) enables users to effectively become a shareholder in the Plateau Finance platform and receive a distribution equal to 50% of platform harvest fee. Allowing users to earn rewards that grow directly along side us with 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 $PLT 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.
Community: A superb, productive and engaged community.
Partnership: Listing PLT on Yield Farms & Generating initial Liquidity
Token Audit: HashEx
Native Farms: PLT Staking, and Liquidity providing
Non-Native pools: 5 Liquidity pools
Phase II: Foundational work ?
Now that the initial launch was a success, are laying the foundation for this project to jump to the next level. Once they have this foundation established, can set focus toward building the future of Smart Yield Optimizing on Avalanche.
Full Audit: Vaults & Other smart contracts audit
Harvesting Schedule: Slowly Transition into lower time-frame bot harvests based on TVL
Non-Native Pools: Introduction of variety of 100+ community chosen pools
Liquidity Boost Vaults: Partner with farms that operate with farm boosting through the time-locking of their token
Phase III: Extra features
- inPLT: Introducing Time-locked Staking of PLT
- Multi-chain: Introduction of more Networks
- DAO: Allow PLT stakers to make decisions that will affect the platform
- NFT: Partnership with NFT’s that will add value to platform & burn $PLT
- Bridge: Integrate bridges into our platform for smoothless transition of funds between Plateau’s multiple chains
- Oracle: Integrate Oracle for price feeds
- Index Fund: Introducing a Never seen before Crypto Index Fund
Compounding Yield optimizer for Native & AMM farms. All Plateau Vaults run an auto compound (harvest) action to convert farming reward tokens into additional LP on behalf of the user. These 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 )