🥜pNUT

The NUT Index Token

BASED PEANUT ($pNUT)

Overview

BASED PEANUT ($pNUT) is an index token within the BASED NUT ecosystem, developed in collaboration with Balancer. It provides exposure to a basket of diversified assets, including cbETH, cbBTC, NUT, and SNUT, combining them into a single token. This index structure offers holders a simplified and efficient way to participate in the broader DeFi landscape, benefiting from a wide range of assets within the BASED NUT ecosystem.

Peanutoshi Nutkamoto

Key Features

• Index-Based Structure: $pNUT aggregates multiple tokens, offering holders exposure to several assets through a single token, providing a diversified portfolio within the BASED NUT ecosystem.

• Real Yield: Unlike many DeFi protocols that rely on emissions or minting new tokens, $pNUT generates real yield through market activity.

• Volatility Farming: Price fluctuations between $pNUT and its underlying assets create arbitrage opportunities. Traders can capitalize on these price differences, generating fees that are distributed to participants in the ecosystem.

• Arbitrage Opportunities: Arbitrage arises when prices deviate between $pNUT and its underlying assets, enabling traders to profit through wrapping or unwrapping $pNUT in relation to the underlying asset values. Additionally, there is an opportunity between the price discrepancies in the LP pools and in the index token in Balancer pool.

BASED PEANUT

Technical Details

• Token Name: BASED PEANUT ($pNUT)

• Index Components: cbETH, cbBTC, NUT, SNUT

• Token Address: 0x2A5757b60987FF10385De1D4D923792f6fdCfFf1

• Symbol: $pNUT (🥜)
• Total Supply: ∞

$pNUT offers an innovative solution for diversified, decentralized, and yield-generating exposure to multiple assets within the BASED NUT ecosystem. For further technical details and in-depth integration, refer to the ecosystem's technical paper.