🥜pNUT

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.

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.

$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.