Factor DAO has declared to collaborate and integrate with Plutus DAO. The platform says that Plutus DAO is its initial confirmed vault partner and integration. Plutus is known as a governance blackhole focused on ve tokens existing on the L2 network Arbitrum. It aggregates governance and enhances yield on $SPA, $JONES, $DPX, and $GMX.
Factor DAO Collaborates and Integrates with Plutus DAO
There are a couple of products on Plutus DAO taking into account plvAssets and plsAssets. plvAssets are considered as vaults operating to enhance rewards and ease for end consumers. They additionally offer a captivating block to be utilized by the other protocols. The platform of Factor DAO provides building blocks to facilitate the management of modular assets.
The platform additionally elaborated on the outcomes of the latest collaboration and integration. It mentioned that they are integrating Plutus and other such assets to let protocols optimize the products offered by them. Along with this, it added, Factor also enables the vault developers to use the respective products for the development of innovative strategies. As per Factor DAO, the exclusive collaboration enables the strategists operating on Factor to use products offered by Plutus.
Apart from that, it enhances the scope of use cases dealing with Plutus products. With this partnership, exclusive strategy options are established for the vault developers of Factor. Moreover, the collaboration is expected to enhance the revenue and TVL of both Plutus and Factor. While discussing the collaborator vaults, Factor DAO revealed that the new vault structures will offer one-click access to the assets on Plutus.
Unique Partnership to Increase Factor DAO’s TVL
The platform also disclosed that the new collaboration will give more TVL to the protocol of Plutus through a partner vault. Plutus and Factor will both implement fees to generate revenue. Plutus collects $veFCTR tokens for the rewards and governance on Factor. In the words of Factor DAO, the platform may move toward the development of an index vault with assistance from Plutus.
The respective vault would aggregate the plsAssets and provide one-click access to the complete product package as well as yield on a few of the exclusive protocols operating on Arbitrum. It asserted that the protocol is integrating with top protocols to construct a liquidity and infrastructure-based layer for decentralized finance (DeFi). In this respect, it added, Plutus turns out to be a credible protocol and one of the initial collaborators of Factor DAO.