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PODL

Protocol Owned DEX Liquidity

What is PODL?

The Protocol Owned DEX Liquidity (PODL) is a module that buys LP tokens using 50% of Valas BNB treasury rewards. All purchased VALASBNB LP tokens are locked forever to ensure healthy ongoing liquidity and effectively making less VALAS Tokens available over a long enough timeframe.
As an incentive, PODL offers a 10% premium on VALASBNB price.

 PODL is not mandatory by any means, it is a way to exit your LP position by selling your VALASBNB directly to the protocol. By doing this, you are both helping the protocol and getting a profit, it’s a win-win situation.

What is Super PODL?

Super PODL is an “extension” of PODL, available to people with more than 10k locked VALAS. Once you Super PODL to buy all the available BNB at once, it incurs a one week cooldown.

How do I PODL?

To use PODL, you can go to the PODL page, approve the contract spending VALASBNB on your behalf if you haven't done so already, pick an amount of BNB to buy, and press the "Buy BNB" button.

How do I Super PODL?

To use Super PODL, you can go to the PODL page, approve the contract spending VALASBNB on your behalf if you haven't done so already, pick an amount of BNB to buy, and press the "aaaaaaaah I'm super podliiiiiiing" button.

I locked VALAS, why can't I PODL?

The amount of BNB you can buy depends on your amount of locked VALAS and the amount of BNB available in the treasury.
VALASBNB tokens need to be unstaked to be sold to the treasury. You can see this number on the PODL page ("Based on your locked VALAS, you can buy: X BNB").
Note that PODL button is disabled if the amount of buyable BNB is smaller than 1.

 The amount of buyable BNB is given by the formula:

buyable BNB = 25 * available BNB in treasury * your locked VALAS / total locked VALAS
The available BNB refills as BNB borrowing fees are paid.

I locked more than 10k VALAS, why can't I Super PODL?

In order to Super PODL, you need enough unstaked VALASBNB to buy the entire treasury.
Meaning you need at least (VALASBNB): available BNB in the treasury / VALASBNB price (in BNB)

Where can I see PODL stats?

You can see PODL stats on the PODL Page:
  • BNB currently available
  • VALASBNB held
  • Total BNB sold

Does the Valas Protocol stake VALASBNB?

Valas does not stake VALASBNB, it only holds them, so it does not dilute LP staking rewards (distributed amongst LP stakers). In fact, it can even increase them as people unstake their LP tokens to sell them to PODL (reducing the total amount of staked LP tokens).