PLP

What is PLP

PLP (Arbiscan: https://arbiscan.io/address/0x2Ca07638acDa0B2bEa7B6a06F135476BDdd7101B), an ERC-20 token where anyone can deposit their USDT into a vault, providing liquidity for transactions on the platform, PLP tokens to add liquidity to users, USDT vault acts as a counterparty to all transactions on the platform:

• When a trader wins (positive PnL), their profit will be received from the vault.

• When a trader loses money (negative PnL), their losses are sent to the vault.

In return, holding PLP will enjoy counterparty gains

The Value of PLP

PLP pricing is determined by the liquidity value of the vault and the profit and loss of the trader's unposition squaring contract

PLP Price = (PLP Value Balance - ∑TraderUnrealizedPnL)/ PLP Supply