DePlutus Protocol ($PLUT) Will Launch Liquidity Mining on August 20th
(New York, August 19th, 2021) — DePlutus, the next-generation DeFi asset management protocol, is thrilled to launch its official liquidity mining program on DePlutus.Finance. DePlutus plans to allocate 70% of $PLUT tokens as liquidity mining incentive to drive the continuous growth of the protocol as well as the development of on-chain fund ecosystem for the long run.
Start from 22:00 PM August 20th, 2021 UTC+8 (Singapore Time), the first round of the program rewards on-chain funds investors and holders of Liquidity Provider tokens from the PLUT-USDT liquidity pools on Uniswap and PancakeSwap.
On-chain funds investors of DePlutus Protocol will receive the fund-specific tokens (DF Token). DF Token represents the investor’s share of ownership in the fund and is priced in proportion to the fund’s current value. Participants can stake DF Tokens to farm $PLUT.
Liquidity Providers can stake LP tokens from the PLUT-USDT liquidity pools on Uniswap and PancakeSwap to farm $PLUT.
Rewards are distributed proportionally to the amount of liquidity each person provides, therefore APY per person depends on how many LP tokens they contribute to the Farm.
A time-based reward system is implemented to further incentivize long-term liquidity providing. Users staking their PLUT-USDT LP tokens on the Farm earn a cumulative reward for each block on the Ethereum/BSC chains.
Rewards are calculated constantly by the smart contract, paid out at block intervals. Both deposits, as well as accrued rewards, can be claimed at any time. The longer you provide liquidity, the higher the rewards.
Start earning $PLUT rewards at DePlutus.Finance
PLUT Token Contract Address: 0x888888d87d85bc11549b17907e8f589214eb90c2
Links to the liquidity mining pools:
Binance Smart Chain: https://mainnet-bsc.deplutus.finance/farm.shtml
Follow the links below to exchange $PLUT or add liquidity:
$PLUT/$USDT liquidity pool:
About DePlutus Protocol
DePlutus, founded in 2020, is a decentralized social trading asset management protocol, enabling asset managers and crypto investors to enjoy the latest DeFi innovations and generate premium profits for blockchain users around the world. By offering a wide range of investment options as well as battle-tested trading tools, it empowers investors to easily manage crypto portfolios and maximize profits in a challenging DeFi marketplace.