基于仲裁的 Pluto DAO 废弃不受限制的 plsARB，提供 1:1 ARB 赎回

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

基于 Arbitrum 的 Plutus DAO 宣布计划废弃其长期挂钩的 plsARB 代币，允许用户以 1:1 的比例赎回其基础 ARB 代币。

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，并非所有用户都满意。一些人在决定亏损退出后感觉自己被背叛了，另一些人甚至怀疑围绕这一公告进行内幕交易。

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 于 2023 年 3 月推出 plsARB，以利用 ARB 空投。 DAO 旨在确保在 Arbitrum 上拥有有影响力的治理地位，并启动本地 ARB 质押计划，奖励储户以鼓励参与。

After listening to community feedback, we've made the difficult decision to unwind our plsARB product.

This means we will be opening 1:1 plsARB to ARB redemptions shortly.

Read the article below for more details! 👇https://t.co/PgEUgmivXX

在听取了社区反馈后，我们做出了解除 plsARB 产品的艰难决定。这意味着我们将很快开放 plsARB 到 ARB 的 1:1 兑换。请阅读下面的文章了解更多详情！ 👇https://t.co/PgEUgmivXX

— PlutusDAO (@PlutusDAO_io) April 8, 2024

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 日关于在 2023 年 10 月启动质押计划的提议遭到了 Arbitrum 治理论坛的抵制和批评。

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 原生质押收益率的道路比预期更加艰巨，极大地影响了该产品的吸引力。”

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.

该团队承认，游说 Arbitrum 生态系统激活 ARB 的原生质押计划最终是无法实现的：“尽管我们付出了努力，但我们得出的结论是，制定和通过令人信服的治理提案的复杂性超出了我们目前的能力，”它表示。

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

阅读更多：意见：Arbitrum 误解了“提案”和“DAO”的定义

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.

赎回？昨天终止该产品的决定将允许剩余的 plsARB 持有者最终将其非挂钩资产赎回基础 ARB 代币。

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.

尽管用户的 ARB 存款是单向的，但退出流动性是通过 Camelot 去中心化交易所上的 plsARB/ARB 流动性池提供的。然而，随着对该项目的信心减弱，由于持有者决定减少损失，plsARB 相对于基础 ARB 的价格受到影响。

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.

虽然许多 plsARB 持有者可能会因为有机会最终退出头寸而感到兴奋，但那些最近因团队缺乏沟通而遭受重大损失退出的用户也表达了沮丧之情。

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 之前于 12 月 29 日发布的官方通讯表明，plsARB 的计划没有变化，该团队认为“一旦 ARB 质押上线，未来对用户来说将非常有利可图”。

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

其他人则对赎回没有被提前允许感到愤怒，尽管赎回显然是特定个人的一种选择。

For all who staked $arb as $plsarb and have been dissatisfied with the peg – did you know that there’s actually a gated 1:1 redeem function in place? A few folks in discord asked about it was discovered, myself included, but I got timed out for a week 🙃

Would love to hear…

对于所有将 $arb 抵押为 $plsarb 并对挂钩不满意的人 – 您是否知道实际上有一个门控 1:1 赎回功能？一些不和谐的人询问了它被发现的情况，包括我自己，但我超时了一个星期🙃很想听听……

— Aero (@0xAero8) April 7, 2024

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

— Aero (@0xAero8) 2024 年 4 月 7 日阅读更多：SushiSwap 团队希望杀死 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.

由于 plsARB/ARB 在 2023 年下半年的大部分时间里交易价格都低于 0.5，而最近在 4 月 6 日则在 0.6 左右，一些人认为，该公告发布前的价格走势看起来很像内幕交易。

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.

公告发布后，plsARB 挂钩汇率从公告发布前的 0.75 升至 0.98。在撰写本文时，plsARB 的价值约为 0.92 ARB。

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有些人认为公告发布前的价格走势看起来像是内幕交易。有提示吗？给我们发送电子邮件或 ProtonMail。如需了解更多消息灵通的新闻，请在 X、Instagram、Bluesky 和 ​​Google 新闻上关注我们，或订阅我们的 YouTube 频道。