A brief analysis of the innovations and challenges of the Plume Network mainnet ecosystem

Author: Haotian

After looking at it, @plumenetwork's ecological strategy after the mainnet launch has some noteworthy points:

1) The dual-wheel drive strategy of RWA DEX + yield aggregator is very smart. @roosterprotocol specializes in the RWAFI track. The AMM architecture based on MAV Protocol can provide more precise liquidity control. The ve(3,3) model is also the mainstream gameplay for DeFi yield optimization.

5M TVL with 34.8M monthly trading volume, this turnover rate is still considerable, indicating that the capital utilization efficiency is good.

2) @roycoprotocol The design of this "second-layer amplifier" is a bit interesting. Let users first mine YAP in Rooster (the voucher token obtained by users after depositing nALPHA + pUSD into the liquidity pool), and then throw YAP into Royco to continue mining PLUME, which is equivalent to stacking the yield of the same fund twice. The TVL of 34.3M also confirms the market's recognition of this gameplay.

This "nesting doll" income strategy essentially uses the inflation reward of $PLUME to cold-start the entire DeFi ecosystem and improve user stickiness through a multi-layer incentive mechanism. Note: This is an officially supported income aggregator.

Although the RWA track is still in its early stages, it is indeed the only way for traditional finance to migrate to the chain. Now the key is whether enough application scenarios can be built at the RWA infrastructure level. The first step is to have the attractiveness of continuous income mining.

However, the lively "mining, withdrawing and selling" ecosystem that relies on the nesting doll model poses a great challenge to the price stability of the main token. Compared with other mature DeFi protocols, the Plume ecosystem is still a newborn and needs more time to verify.