Three tokens. One ecosystem.

Opus distributes PLS. Coda distributes PLSX. Smaug reduces supply while rewarding stakers.

Want to learn more about how Opus and Coda work? Watch the 2-minute explainer

Opus

Distributes native PLS automatically to holders

Automatic payouts

5% buy/sell tax • 0% transfer tax

Coda

Distributes PLSX automatically to holders

Automatic payouts

5% buy/sell tax • 0% transfer tax

Smaug

Deflationary token with staking rewards

Stake to earn rewards

6.50% buy/sell tax • 0% transfer tax

Tier Multipliers

Holding a larger share of the circulating Smaug supply boosts the rewards you earn from both Opus and Coda.

Circulating Smaug Held	Multiplier	Reward Bonus
< 0.0001%	1.00x	+0%
≥ 0.0001%	1.02x	+2%
≥ 0.0005%	1.04x	+4%
≥ 0.005%	1.08x	+8%
≥ 0.015%	1.10x	+10%
≥ 0.05%	1.12x	+12%
≥ 0.10%	1.15x	+15%
≥ 0.25%	1.17x	+17%
≥ 0.50%	1.19x	+19%
≥ 1.00%	1.20x	+20%

Example: If you hold 0.20% of the circulating Smaug supply, you receive 15% more in payouts from holding Opus and Coda.

Anatomy of Smaug

Tokenomics — 6.50%

Buy & burn3.5%
Reflections to holders1.5%
Added to Smaug's Vault1.0%
Added to burned LP0.5%

Smaug's Ledger

Total Supply1,000,000,000
Smaug Burned--
Circulating Supply--
Price--
Market Cap--
Liquidity--
24h ROI--

Smaug's Vault

PLS in Smaug's vault is exclusively used to buy Smaug on 10–25% drawdowns and permanently burn them.

Ready-to-deploy buy & burn--
PLS balance--
Value--
Bought & burned to date--

Smaug's Hoard Wallet

Smaug's hoard of assorted yield-generating distributor tokens. All yield is used to buy and burn Smaug.

Ready-to-deploy buy & burn--
PLS--
Value--
pWBTC--
Value--
Bought & burned to date--

The Lonely Mountain Reserve

This reserve holds an assortment of tokens. When tokens in this reserve hit certain thresholds, they will be deployed to incrementally buy Smaug and burn them — removing even more from circulation.

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