基於仲裁的 Pluto DAO 廢棄不受限制的 plsARB，提供 1:1 ARB 贖回

Arbitrum-based Plutus DAO has announced plans to scrap its long-depegged plsARB token, allowing users to redeem their underlying ARB tokens 1:1.

基於 Arbitrum 的 Plutus DAO 宣布計劃廢棄其長期掛鉤的 plsARB 代幣，允許用戶以 1:1 的比例贖回其基礎 ARB 代幣。

However, not all users are happy. Some feel betrayed after they decided to exit at a loss, with others even suspecting insider trading around the announcement.

然而，並非所有用戶都滿意。有些人在決定虧損退出後感覺自己被背叛了，有些人甚至懷疑圍繞這一公告進行內幕交易。

Plutus DAO launched plsARB in March 2023 to capitalise on the ARB airdrop. The DAO aimed to secure an influential governance position on Arbitrum and activate a native ARB staking programme, rewarding depositors to encourage participation.

Plutus DAO 於 2023 年 3 月推出 plsARB，以利用 ARB 空投。 DAO 旨在確保在 Arbitrum 上擁有有影響力的治理地位，並啟動本地 ARB 質押計劃，獎勵儲戶以鼓勵參與。

The proposal to activate a staking programme in October 2023 received pushback and criticism on the Arbitrum governance forums.

— PlutusDAO (@PlutusDAO_io) 2024 年 4 月 8 日關於在 2023 年 10 月啟動質押計劃的提議遭到了 Arbitrum 治理論壇的抵制和批評。

As stated in yesterday’s announcement, “The path toward activating native staking yield for plsARB has been more arduous than anticipated, significantly impacting the product’s appeal.”

正如昨天的公告所述，“激活 plsARB 原生質押收益率的道路比預期更加艱鉅，極大地影響了該產品的吸引力。”

The team admitted that lobbying the Arbitrum ecosystem to activate a native staking programme for ARB, was ultimately unachievable: “Despite our efforts, we’ve concluded that the complexity of crafting and passing a compelling governance proposal exceeds our current capabilities,” it said.

團隊承認，遊說Arbitrum 生態系統激活ARB 的原生質押計劃最終是無法實現的：「儘管我們付出了努力，但我們得出的結論是，制定和通過令人信服的治理提案的複雜性超出了我們目前的能力，」它表示。

Read more: Opinion: Arbitrum misunderstands the definition of ‘proposal’ and ‘DAO’

閱讀更多：意見：Arbitrum 誤解了「提案」和「DAO」的定義

Redemption?

Yesterday’s decision to wind down the product will allow remaining plsARB holders to finally redeem their off-peg assets for the underlying ARB tokens.

贖回？昨天終止該產品的決定將允許剩餘的 plsARB 持有者最終將其非掛鉤資產贖回基礎 ARB 代幣。

Although users’ ARB deposits were a one-way street, exit liquidity was provided via a plsARB/ARB liquidity pool on the Camelot decentralized exchange. However, as confidence in the project waned, the price of plsARB against the underlying ARB suffered as holders decided to cut their losses.

儘管用戶的 ARB 存款是單向的，但退出流動性是透過 Camelot 去中心化交易所上的 plsARB/ARB 流動性池提供的。然而，隨著對該專案的信心減弱，由於持有者決定減少損失，plsARB 相對於基礎 ARB 的價格受到影響。

While many plsARB bagholders may be thrilled at the chance to finally exit their positions, frustrations were voiced by those users who had exited at a significant loss recently, fed up with a lack of communication from the team.

雖然許多 plsARB 持有者可能會因為有機會最終退出頭寸而感到興奮，但那些最近因團隊缺乏溝通而遭受重大損失退出的用戶也表達了沮喪之情。

Plutus DAO’s previous official communication, published December 29, suggested there were no change in plans for plsARB, which the team believed would be “very lucrative for users in the future once ARB staking goes live”.

Plutus DAO 先前於 12 月 29 日發布的官方通訊表明，plsARB 的計劃沒有變化，該團隊認為「一旦 ARB 質押上線，未來對用戶來說將非常有利可圖」。

Others were angry that redemptions had not been allowed earlier, despite apparently being an option for select individuals.

其他人則對贖回沒有被提前允許感到憤怒，儘管贖回顯然是特定個人的選擇。

Read more: SushiSwap team wants to kill DAO to benefit themselves

— Aero (@0xAero8) 2024 年 4 月 7 日閱讀更多：SushiSwap 團隊希望殺死 DAO 以使自己受益

With plsARB/ARB trading below 0.5 for much of the second half of 2023, and around 0.6 as recently as April 6, some believe the price action in the lead-up to the announcement looks suspiciously like insider trading.

由於plsARB/ARB 在2023 年下半年的大部分時間裡交易價格都低於0.5，而最近在4 月6 日則在0.6 左右，有些人認為，該公告發布前的價格走勢看起來很像內幕交易。

When the announcement was published, the plsARB peg hit 0.98, up from 0.75 directly before the announcement. At the time of writing, plsARB is worth approximately 0.92 ARB.

公告發布後，plsARB 掛鉤匯率從公告發布前的 0.75 升至 0.98。在撰寫本文時，plsARB 的價值約為 0.92 ARB。

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有些人認為公告發布前的價格走勢看起來像是內線交易。有提示嗎？給我們發送電子郵件或 ProtonMail。如需了解更多消息靈通的新聞，請在 X、Instagram、Bluesky 和 ​​Google 新聞上關注我們，或訂閱我們的 YouTube 頻道。