PRFC-15: Multi-chain expansion, soft rebrand and new tokenomics

Overview

To capitalise on the current momentum around Berachain, Superseed, and Botanix as well as simplifying our tokens, we propose a soft rebrand from PlutusDAO to Plutus.

Along with changing the name we also propose to change the ticker $PLS to $PLUTUS, and domain plutusdao.io to plutus.fi (reserved). This is accompanying our plan of rapid multi‑chain expansion.

This proposed plan merges all existing Plutus products and native tokens into Omnichain Fungible Tokens (OFT) issued via LayerZero, deploys initial $PLUTUS liquidity on Berachain's Kodiak DEX, Arbitrum's Camelot DEX, and earmarks treasury $PLUTUS plus bonding for follow‑on pools and incentives on Superseed and Botanix.

Please note that the DAO still will operate as a DAO. The votes will in the future track xPLUTUS balances instead of bPLS balances. The tokenholders, xPLUTUS in the future, still decide what the DAO does.

Key Actions

Token migration & nomenclature

• Rename ticker from $PLS to $PLUTUS
• Stop all esPLS and mpPLS distribution on $PLS
• Deploy $PLUTUS as a LayerZero OFT to enable native transfers across all supported L2s and L1s
• Introduce $xPLUTUS (escrow/locked wrapper) adopting tokenomics and security from the proven xTOKEN model used by e.g. Camelot and Stryke.
• Map $PLS to $PLUTUS 1:1, $PLS to $xPLUTUS 1:1.11 and retire the bPLS model
• Change vote tracking from bPLS to $xPLUTUS

Proposed conversions

Current token	New token	Conversion rate	Total amount
PLS	PLUTUS	1 : 1	≤21M circ + 40M treasury
PLS	xPLUTUS	1 : 1.11	≤21M (including LPs)
vlPLS	xPLUTUS	1 : 1	21.4M
esPLS	xPLUTUS	1 : 1	3.6M
mpPLS	xPLUTUS	1 : 1	13.9M
(locked PLS-WETH is unlocked and unwound for conversion according to the table above)

Supply & Allocation (indicative)

Max supply stays equal or close to the current PLS cap depending on the amount of PLS -> xPLUTUS conversions.

Bucket	PLUTUS	% of max	Notes
Circulating after conversion (partially locked)	~65 M	56‑65 %	PLS, esPLS, mpPLS holders
Liquidity bootstrap (ARBI & BERA)	6 M	5‑6 %	3 M per chain (paired 50/50)
Liquidity reserve (Superseed, Botanix, ..)	12 M	10-12 %	Held in multisig
Bribe & incentives warchest	6 M	5-6 %	24‑month runway
Team salary max dilution cap	10 M	≤10 %	Linear unlock over 24 m
Marketing & growth	4M	4‑5 %	Paid out on milestone basis
Fund‑raising (bonds / OTC)	up to 12 M	≤12 %	Sold only as needed
Total	≈115M	100%	Upper bound; unconverted tokens remain unissued

Conversion ends 2025-31-12 12:00 UTC. Unconverted tokens are not issued as $PLUTUS.

Initial Liquidity & Budget Requirements

Chain / Venue	Pair	Target size	Funding source
Berachain – Kodiak	PLUTUS / WBERA	$100k	50k PLUTUS (treasury) + 50 k BERA (bond or OTC)
Arbitrum – Camelot	PLUTUS / WETH	$100k	current: 32 k PLUTUS (treasury) + 5 ETH (treasury)
Superseed	PLUTUS / SUPR	$100k*	50k / 50k (if launched)
Botanix	PLUTUS / *BTC	$100k*	50k / 50k (if launched)

* Tiers marked may be launched sequentially based on treasury position and bond uptake.

Incentive & Bribe Strategy

• Allocate $250k equivalent (≈7.5 M PLUTUS at current market) to a 24‑month bribe warchest
• Prioritise Kodiak Liquidity Pool and forthcoming plsHONEY-plvHEDGE vault on Berachain

Product launches

• Arbitrum deployment with the conversion
• plvHEDGE (ETH funding‑arb vault) and plsHONEY (stablecoin hedged vault) go live on Berachain immediately after the $PLUTUS pool is seeded
• Superseed and Botanix deployments follow once bridging is enabled

Vesting model for xPLUTUS → PLUTUS

Default migration inherits current escrow semantics: 14‑day cliff, linear unlock from 50% at 14 days to 100% over 180 days (6 months).

Tokens from discounted exits are split between treasury, burning, and xPLUTUS stakers. The ratio is decided by a separate vote. Until that vote is decisive, default to holding them in treasury.

Timeline (indicative)

Milestone	Target date (2025)
DAO discussion starts	Wed May 21st
DAO vote opens	Fri May 23rd
Vote closes	Tue May 27th
Contracts & UI live on Arbitrum	Thu May 29th
LayerZero OFT & bridge	June
Kodiak pool seeded & incentives live	June
plvHEDGE & plsHONEY launch	June

Conclusion

Rebranding to Plutus and seeding Berachain, Superseed, and Botanix liquidity positions the DAO at the centre of the current growth narrative while unifying our tokenomics under a simpler, proven model.

Voting Options

FOR – execute the plan in full AGAINST – make no changes; keep current PLS token and delay Berachain launch ABSTAIN – count towards quorum without expressing a preference