Quickstart

To begin using PLX, you only need a Solana wallet (such as Phantom or Backpack) and some SOL. Once connected, users can explore multiple vaults — each representing a different leverage configuration and underlying collateral type. For example, the SOL 2× Vault amplifies exposure to SOL, while the mSOL 3× Vault uses liquid staking derivatives to stack both staking yield and leverage returns simultaneously.

PLX’s user experience is intentionally minimal. When you deposit into a vault, you’re not “opening a trade” in the traditional sense. Instead, you’re purchasing Vault Shares — on-chain tokens that represent ownership of the vault’s underlying assets and synthetic positions. These shares appreciate in value as the vault performs, allowing you to withdraw your stake plus accrued returns at any time. There’s no collateral management, no liquidation alerts, and no margin calls — all risk management and rebalancing are handled automatically by the protocol’s Rebalance Engine.

Behind this simplicity lies a deeply engineered structure of smart contracts and oracles that coordinate in real-time to keep vault exposure constant. Once you understand how vaults work (covered in the next section), using PLX becomes as simple as staking — but with the controlled aggression of leverage. For advanced users, the PLX API and SDK allow direct integration for bots, aggregators, and other protocols looking to automate deposits, withdrawals, or data-driven trading strategies. Here’s how to start in under 60 seconds:

1. Connect your wallet on the PLX dashboard.

2. Choose your desired vault (e.g., SOL 2×, mSOL 3×, or JitoSOL 2×).

3. Click Deposit, confirm the transaction, and receive your Vault Shares (e.g., vSOL-2x).

4. Watch your dashboard update in real time — track PnL, vault performance, and your current exposure.

PLX is designed to be composable and permissionless. You can use it standalone or integrate it with DeFi aggregators, copy-trading platforms, or structured product builders. Each vault emits on-chain share data and price oracles, so you can use your vTokens as collateral elsewhere or build derivatives on top. The value of PLX comes from this modularity — it’s not a closed protocol but a foundational layer that other systems can plug into.

For newcomers, the best practice is to start small — deposit a small amount into a 2× vault to observe how exposure behaves during market swings. The dashboard updates automatically as the vault rebalances. Once comfortable, users can diversify across multiple vaults, participate in Leverage Rally Rewards, and even stake their PLX tokens to earn a share of the system’s volume-based revenue.