Parallax Finance is a platform that focuses on building yield and liquidity infrastructure for individuals, DAOs, and protocols. One of our primary focuses is LSD yield products, which include vanilla LSDs, LSD stablecoins, and LSD vaults.

Our liquidity and yield product stack consists of the following:

1. Orbital - Yield Optimizer: Parallax utilizes an advanced auto-compounding function to generate higher returns for both LP tokens and LSD stablecoins.

2. Andromeda - Multivariant Yield: Users can choose from our Bluechip Arbitrum vaults or our Degen vaults.

3. Supernova - Powering LSDfi: Deposit any LSD asset and earn boosted yield.

4. Black Hole - Liquidity Marketplace: Our POL marketplace allows anyone to create a liquidity bond sale.

The native token for all Parallax Finance products is $PLX, which serves the following purposes:

- ve8020 model: Timelock 80PLX/20ETH Balancer Pool Token to capture the majority of protocol fees.

- $yPLX: Holding more $yPLX results in a greater percentage of rewards.

- Strategist: Holding tokens to suggest vault strategies in the DAO.

- Governance: Holding tokens to participate and direct platform emissions to boost vaults.

$yPLX, on the other hand, has the following utilities:

- Deposit Earning Multiplier: By locking 80/20 BPT for $yPLX, users can earn boosted rewards for their deposits in our Orbital and Andromeda Vaults based on the amount of $yPLX held.

- Sharing of Protocol Fees: Users have the power to vote and determine the distribution structure and the portion of protocol fees that will be shared among $PLX holders.

- Exclusive Access: $yPLX holders, known as the "Guardians of Parallax," have access to additional perks, including early access or whitelist access to particular vaults and strategies, as well as our own ecosystem projects. $yPLX can only be obtained by adding LP with 80 PLX - 20 WETH on Balancer, obtaining Balancer Pool Tokens (BPT), and staking them on Parallax's staking vaults.