Managing pLP

Overview

Locked PVD pLPs share 100% of protocol revenue. Locked pLP cannot be withdrawn prematurely.

Locked pLP (Provident Capital Liquidity)

Borrowers and lenders that lock liquidity tokens (pLP) are interacting and providing utility to the platform and thus can capture the added value from the communities’ engagement through the native token, PVD.

By locking pLP, ecosystem participants receive platform revenue from borrowing interest, flash loans, and liquidations that are claimable fees on the Manage Provident page.

How to lock pLP

Before locking pLP, create liquidity tokens on dex. Alternatively, you may zap into dLP.

To manually lock pLP, navigate to the Manage Provident page. Select the amount of pLP tokens to lock, and the lock length of one, three, six, or twelve months. Each length has a corresponding multiplier, based on a one-month lock (Locking for 12 months earns 25X platform revenue vs. one month!).

Additional Notes

• Locked pLP is subject to a binding variable lock time (1 month to 1 year), which cannot be unlocked early

• If you do not select a default lock length, the lock duration will default to 3 months

• Each lock period has a different multiplier, ranging from 1x to 25x, depending on the lock duration chosen

• Fees generated from locked pLP can be claimed anytime with no penalty

• You will continue to receive fees during the entire lock period

• Platform fees are distributed linearly over a 7-day period

• pLP that is not locked will not receive platform revenue