Treasury
Governance in PLX is designed around active participation and verifiable alignment. Every $PLX holder is a stakeholder — not in name only, but in influence, yield, and protocol evolution.
Staking & Voting
When you stake $PLX, you receive vePLX (vote-escrowed PLX), which grants voting rights and multiplier bonuses across the ecosystem. Staking converts passive token holders into validators of protocol direction. Governance covers critical decisions, including:
Launching new leveraged vaults (e.g., SOL10X or CHILLGUY3X).
Adjusting rebalance parameters and fee models.
Approving integrations with new oracles, vault types, or DEXs.
Allocating treasury funds for audits, liquidity programs, or new features.
Voting takes place on-chain through a time-locked proposal model. Once a proposal is passed, it enters a 24-hour delay buffer, ensuring all network participants can react before implementation.
Stakers not only shape PLX — they earn from it. A percentage of all vault performance fees and rebalance profits are redistributed proportionally to vePLX holders. This dual system of governance and revenue turns PLX into a stake-to-steer ecosystem, aligning long-term holders with sustainable protocol growth. The PLX Treasury is the backbone of the ecosystem’s sustainability. It’s managed by governance but operates under strict on-chain transparency. The treasury accumulates:
Performance and entry/exit fees from vaults.
Unclaimed Rally Rewards and emissions overflow.
Token buybacks from secondary market volume.
Funds in the treasury are deployed in three main ways:
Expansion: Bootstrapping new vaults or reward programs.
Security: Paying for audits, insurance coverage, and bug bounties.
Liquidity: Providing initial depth for newly launched leverage tokens on DEXs.
The treasury operates with an on-chain accounting dashboard viewable by anyone, ensuring every expenditure — from audits to emissions — is traceable.
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