Plether lets users trade and hedge the strength of the US dollar onchain. Plether Perps is a perpetual market on a dollar index built from a basket of six major currencies: EUR, JPY, GBP, CAD, SEK and CHF. Traders open LONG USD positions, which gain when the dollar strengthens against the basket, or SHORT USD positions, which gain when it weakens. Margin and settlement are in USDG, and orders are priced by Pyth through a delayed-order model.
Liquidity providers deposit USDG into a shared pool that takes the other side of trader positions. The pool has two tranches: a Senior tranche, which earns a targeted coupon and absorbs losses last, and a Junior tranche, which absorbs losses first and receives the remaining upside.
Starting in
Triaged by Immunefi
Runnable PoC Required
Vault program
This Audit Competition Is Starting Soon
| Milestone | Date |
|---|---|
| Announcement | Oct 27, 2026 |
| Launch (competition goes live) | Nov 2, 2026 |
| Competition ends | Nov 15, 2026 |
| Project deadline to resolve all reports | Nov 20, 2026 |
| Results frozen and calculated | Nov 27, 2026 |
| Final 48-hour dispute deadline | Nov 30, 2026 |
| Results published | Dec 17, 2026 |
| Payment complete | Dec 18, 2026 |
| The dates in this calendar may be adjusted by Immunefi as needed for the execution of the competition. |