📖Overview

Planar is a Native DEX and Liquidity Infrastructure Protocol on Blast L2, and we are the First Complete Fork of Camelot on any network.

Unlike traditional DEXes, Planar aims to provide Real-Yield for its users and an infrastructure for protocols that helps them launch and grow with a suite of tools including plugins, launchpad, custom liquidity pool creator, and custom rewards contract wizard.

For Users

The core focus of Planar is to provide maximum capital efficiency for users of the protocol. It is achieved through various features such as Multi-Curve AMM, Dynamic Directional Fees for the LPs, Liquidity Position NFTs (lpNFTs), Locking Mechanisms, Plugins, Hyper Pools, etc.

With Dynamic Directional Fees, each pool can have its own swap fees, and different fees can be set for buying and selling. User’s can take advantage of this by providing LPs to profitable pools. They can also wrap their LP positions into lpNFTs for Yield Farming. The yield of these lpNFTs can be multiplied by Locking them for a time period of choice.

Users can make most out of their lpNFT positions and xPLANE tokens using Plugins and Hyper Pools. For instance, the yield of an lpNFT can be multiplied by staking xPLANE tokens against it in the YieldBooster plugin. Also, a certain percentage of Protocol Earnings is distributed to users who stake their xPLANE in the Dividends plugin. Users can also utilize compatible Hyper Pools for earning additional rewards against their lpNFTs.

Additionally, through Planar Launchpad, users will get a chance to participate in the initial offerings of upcoming protocols from a curated list. They can also leverage their xPLANE holdings to stake them on Launchpad for additional/privileged allocations in the offerings.

For Protocols

The Planar protocol is primarily designed with protocols in mind. With a stack of powerful tools such as Launchpad, Hyper Pools and Dynamic Directional Fees, Planar facilitates the launch, bootstrapping of liquidity, and sustained growth of Protocols.

Planar Launchpad enables protocols to garner greater exposure and raise public funds. Using Hyper Pools, protocols can incentivize users to attract liquidity. It can also be used for implementing vesting, where users are rewarded for locking protocol tokens, and thereby reducing the circulating supply. Hyper Pools are permission-less as well. Protocols can design more sustainable liquidity pools utilizing the Dynamic Directional Fees feature, Hyperpools, or a combination of both.

Sustainable Tokenomics

Traditional DEXes face an ongoing problem with their reward tokens, leading to decreasing incentives for Liquidity Providers and a decline in the DEX's TVL. This lower liquidity leads to greater slippage and discourages users. To address this issue, we at Planar have engineered our tokenomics in a way that ensures Liquidity Providers remain incentivized and encourages the inflow of liquidity, thereby creating a sustainable platform.

Planar has a dual-token system, PLANE and xPLANE. Only PLANE is liquid; the xPLANE is illiquid, non-transferrable and vested.

Although farming rewards are issued in both tokens, the majority of emissions are distributed in xPLANE with an inbuilt vesting mechanism. This helps to limit sell pressure on PLANE, while also providing xPLANE holders with attractive incentives such as a larger share of Protocol Earnings, increased yield, and Launchpad privileges. As a result of this sustainable reward model, we can offer better liquidity without compromising the longevity of the protocol.

On top of having a supply hard cap, the introduction of features such as real yield incentives, buy back and burn from protocol earnings, burn tokens from penalizing immature xPLANE redemptions and Plugin deallocations will help Planar to offer sustainable tokenomics.

Permissionless Future

The concept behind Planar is that permissionlessness is the future. Our Hyper Pools are both permissionless and composable, enabling protocols to have complete control over their incentives and providing them with highly flexible options to create the precise type of liquidity necessary for their success.

Our objective is to maximize decentralization and permissionlessness, empowering the community to propel the protocol forward as a DAO. At the same time, we ensure the core team can maintain the protocol in a sustainable manner.