Plutusdao Plutusdao plsARB redemption
Existing plsARB remains redeemable back to ARB through Plutus. The token is among the protocol's discontinued plsASSETs: new minting has ended and most liquidity has been removed.
Minting and redemption have different purposes
Minting creates the derivative from its underlying asset. Redemption reverses that direction for an existing holding, converting plsARB back to ARB.
Plutus's April 8, 2024 announcement "Unwinding plsARB" set out a 1:1 redemption of plsARB for ARB. The announcement did not specify applicable charges or processing times. Check the terms for plsARB redemption before authorizing a conversion. Fee percentages and waiting periods for other Plutus products do not establish those terms.
Why a pool quote is a separate question
A market sale exchanges tokens against available pool liquidity at the prevailing swap rate. Plutus does not guarantee that plsASSET pools trade one-to-one with their underlying assets.
For discontinued plsARB, most liquidity has been removed. A remaining pool quote therefore describes a market-sale opportunity; it should not be treated as the terms of redemption through Plutus.
Interface eligibility
The legacy Plutus interface displays a notice excluding U.S. citizens or residents and citizens or residents of OFAC-sanctioned countries. Its access restriction is separate from the documented availability of plsARB redemption.
