Pillar 2
What's on offer
These are the PlusX tools named in the source material, with risks kept on the same page.
LPX pool types
official LPX overviewLPX has Liquid, Single Sided, Dual, and Directional types.
- Liquid LPX uses a full price range. It has the lowest fee.
- Single Sided LPX starts with one token only.
- Dual LPX uses matched buy and sell zones.
- Directional LPX is for planned buying or selling. It does not seek yield.
LPX has several pool types.
Some are for broad ranges. Some start with one token. Directional pools are for planned buying or selling.
An LPX pool vs just holding the token
official LPX whitepaper; official LPX overview| An LPX pool | Just holding the token |
|---|---|
| Where it can win: price swings up and down, so the pool can use round trips. | Where it can win: price moves one way and keeps going. |
| What it does: sells Fund near the sell edge and buys Fund near the buy edge. | What it does: keeps the token, so you keep the full one-way move. |
| Main trade-off: the pool can trail holding if price sells Fund and never returns to the buy zone. | Main trade-off: holding does not bank round trips by itself. |
| Fees: no fee to enter, exit, or claim; protocol fees apply only on profitable pool trades. | Fees: no LPX pool fee when you hold in your own wallet. |
| Smart-contract risk: LPX pool contracts add protocol risk. | Smart-contract risk: holding in your own wallet has no LPX pool contract risk. |
LPX can help when price swings. Holding can do better when price runs one way.
| An LPX pool | Just holding the token |
|---|---|
| Where it can win: price swings up and down, so the pool can use round trips. | Where it can win: price moves one way and keeps going. |
| What it does: sells Fund near the sell edge and buys Fund near the buy edge. | What it does: keeps the token, so you keep the full one-way move. |
| Main trade-off: the pool can trail holding if price sells Fund and never returns to the buy zone. | Main trade-off: holding does not bank round trips by itself. |
| Fees: no fee to enter, exit, or claim; protocol fees apply only on profitable pool trades. | Fees: no LPX pool fee when you hold in your own wallet. |
| Smart-contract risk: LPX pool contracts add protocol risk. | Smart-contract risk: holding in your own wallet has no LPX pool contract risk. |
LPX modes
official LPX overview; official manager playbookSolo mode means you control the pool. You get its profit. A Solo pool can later become Manager.
Manager mode lets other people join. The manager tunes settings and can earn a fee.
Immutable mode locks the settings forever. Anyone can deposit. Anyone can withdraw.
Solo means you run your own pool.
Manager means others can join your pool. Immutable means the settings cannot be changed.
Fees and receipt tokens
official LPX overviewThere is no fee to deposit. There is no fee to withdraw. There is no fee to claim yield.
The protocol charges a fee only on profitable buys or sells. The fee changes by pool type and NTZ.
| LPX type | Example rate | Example NTZ |
|---|---|---|
| Single Sided & Dual LPX | 0.28% of a trade | 2.34% |
| Liquid LPX | 0.01% of a trade | 0.17% |
| Directional LPX | 0.56% per buy or sell | not an NTZ example |
Part of all fees buys and burns uP and uPX. You can mint a PRC20 receipt token for an LPX position. Selling that receipt sells the position.
You do not pay to enter, leave, or claim.
A fee is charged only when a profitable pool trade happens.
A receipt token can stand for your LPX position.
uP and uPX
official uP FAQ; official uPX and LPX listuP is a token on PulseChain. It has a max supply of 21 million.
Its design aims to lower supply over time. A Benevolent Wallet buys uP and burns it.
uPX works with uP. Each new uPX minted adds to the buy-and-burn of uP.
uP is designed to become fewer over time.
uPX is linked to uP and adds to uP buy-and-burn.
ValidatorX, Smart Vaults, and Loan Alarm
PlusX app screenshots; official ValidatorX docs; official Smart Vaults overviewValidatorX lets members stake PLS from 1 PLS. They receive uPLS, a liquid staking token.
Smart Vaults let members borrow USDL against PLS collateral at 0% interest.
Loan Alarm is a free Telegram bot. It watches Liquid Loans vaults and warns before liquidation risk.
ValidatorX is for staking PLS.
Smart Vaults are for loans against PLS. Loan Alarm sends safety alerts.
Risks stay on the same page
official LPX overview; official uP risks; official LPX termsOfficial LPX risks include price not returning to the buy zone. They also include idle capital, bugs, gas outages, outside pool risk, setting errors, impermanent loss, and manager strategy risk.
Other ecosystem risks include currency risk, market risk, user error, tax risk, liquidation risk, thin markets, technology updates, and market mood.
General member risks include wallet compromise, phishing, key loss, oracle issues, data-feed issues, and chain congestion.
The tools have real risks.
Markets can move against you. Software can fail. A wallet mistake can hurt you.
A manager cannot take your funds, but can use a poor strategy.