Arbitrum Group Listing on Bitrue

Bitrue
4 min readOct 13, 2022

Bitrue will support Ethereum scalability suite Arbitrum by listing 6 new projects under the Arbitrum One ecosystem.

The group listing will include Dopex (DPX), Plutus DAO (PLS), Jones DAO (JONES), Sperax (SPA), Vesta Finance (VSTA), and Mycellium (MYC).

This listing aims to bring a wider selection of tokens to Bitrue users.

Dopex DPX

Dopex is a decentralized options protocol which aims to maximize liquidity, minimize losses for option writers and maximize gains for option buyers — all in a passive manner for liquidity contributing participants.

Plutus DAO PLS

PLS is the native governance token of Plutus. It can be locked on Plutus to earn yield generated by the Productive Treasury. The PLS lockers receive Productive Treasury yield as plsJONES & plsDPX in order to increase the amount of governance power controlled PLS lockers. They also receive control over the veJONES, veDPX and any other veTokens locked within Plutus

Jones DAO JONES

Jones DAO is a yield, strategy, and liquidity protocol for options, deploying vaults that enable one-click access to institutional-grade options strategies while unlocking capital efficiency & liquidity for DeFi options through yield-bearing options-backed asset tokens.

There are three main categories of users Jones DAO is built for:

Options Apprentices: Utilize their option strategist’s expertise to generate yield by depositing into the Jones vaults. Learn about options strategy through the community.

Autonomous Depositors: Unlock deep liquidity for the decentralized options ecosystem through composable jAssets while earning yield.

DAO Treasuries: A service for trustless treasury management solutions to maximize growth.

Sperax SPA

Founded in late 2019, Sperax is the open-source development team focused on building software products on the Sperax protocol. With the Sperax token ($SPA) at its core, Sperax has built the first auto-yield stablecoin, $USDs, and a suite of DeFi apps.

Vesta Finance VSTA

Vesta Finance is a layer 2-first lending protocol that allows users to obtain maximum liquidity against their collateral without paying interest. Users can mint deposit collateral (currently ETH/renBTC/gOHM/GMX) to mint VST (Vesta Stable) — a USD-pegged stablecoin.

Mycelium MYC

Since 2019, Mycelium has developed expertise and recognition in the industry as a trusted market leader leveraging blockchain technology to make financial markets more efficient. They build financial market infrastructure on public blockchains that is open, transparent, and accessible to all. They specialise in data provision via the Mycelium Node, and derivatives exchange infrastructure (formerly known as Tracer DAO).

Bitrue has always been working closely with the Arbitrum ecosystem and showing our support. Previously we have launched the following Arbitrum based projects:

GMX

GMX is a decentralized spot and perpetual exchange that supports low swap fees and zero price impact trades.

Trading is supported by a unique multi-asset pool that earns liquidity providers fees from market making, swap fees and leverage trading.

Umami Finance UMAMI

Umami is pioneering the institutional adoption of DeFi with its expanding ecosystem of strategy vaults that generate sustainable, risk-hedged yield on core crypto assets including $USDC, $BTC and $ETH.

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