Parallax Finance price 

PLX

Parallax is building yield and liquidity infrastructure for individuals, DAOs and protocols. Our current primary focus are LSD yield products including vanilla LSDs, LSD stablecoins and LSD vaults.

Our liquidity and yield product stack: 1. Orbital - Yield Optimizer - Parallax utilizes an advanced auto-compounding function to generate higher returns for both LP tokens and LSD stablecoins. 2. Andromeda - Multivariant Yield - Choose from our Bluechip Arbitrum vaults or our Degen vaults 3. Supernova - Powering LSDfi - Deposit any LSD asset and earn boosted yield. 4. Black Hole - Liquidity Marketplace - Our POL marketplace allows anyone to create a liquidity bond sale

$PLX is the native token for all Parallax Finance products and will be primarily used for the following purposes: ve8020 model — Timelock 80PLX/20ETH Balancer Pool Token to capture the majority of protocol fees $yPLX — Hold more of $yPLX for greater % of rewards Strategist — Hold tokens to suggest vault strategies in the DAO Governance — Hold tokens to participate and direct platform emissions to boost vaults

$yPLX will have the following utilities: Deposit Earning Multiplier By locking 80/20 BPT for $yPLX, users can earn boosted rewards for their deposits in our Orbital and Andromeda Vaults based on the amount of $yPLX held. Sharing of Protocol Fees Users have the power to vote, determine the distribution structure and the portion of protocol fees that will be shared among $PLX holders. Exclusive Access As a community-focused platform, our “Guardians of Parallax” will decide on additional perks for $yPLX holders, including early access or whitelist access to particular vaults and strategies and eventually our own ecosystem projects. $yPLX is only obtainable from adding LP with 80 PLX - 20 WETH on Balancer, obtaining Balancer Pool Tokens (BPT) and stake them on Parallax's staking vaults.