Skip to main content

FF Concept

Plenny’s liquidity mining program offers liquidity staking with rewards paid from the Reward HODL. LPs receive LP-token when providing liquidity over the liquidity contract on the Sushi V2 DEX using Arbitrum One (Ethereum L2). As a next step, LPs engage in what is called "Fish Farming" on the Dapp. This term is community jargon and refers to Plenny Whalers who stake LP-token. Whalers (more specifically, LPs) “fish” for rewards, receiving PL2 when staking LP-token.

Compliance-wise, liquidity staking on Plenny pays token rewards to compensate users for contributing liquidity on a non-custodial basis using decentralized smart contracts rather than paying interest on custodial deposits.