$PLX
The $PLX token is the backbone of governance, value capture, and protocol expansion. Every interaction inside PLX — from vault deposits to reward claims — generates small protocol fees denominated in SOL or USDC. These fees are automatically converted and distributed through the $PLX economy.
Holders of $PLX benefit in three ways:
Staking Rewards: Staked $PLX earns a share of all vault fees and rebalance profits, streamed in SOL or USDC.
Governance Power: $PLX holders vote on critical decisions — new vault launches, risk parameters, oracle configurations, and emission schedules.
Emission Multipliers: Certain vaults (e.g., SOL5X and PUMP2X) provide enhanced yield multipliers to staked $PLX holders, incentivizing long-term alignment between traders and the protocol.
In essence, $PLX isn’t just a governance token — it’s the coordination mechanism that unites vault operators, liquidity providers, and traders under a single economic model.
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