🌄Pluto Sunset
📔 A Closing Note from Pluto
Pluto was built around a simple idea:
Earn More. Risk Less.
Not as a slogan, but as a principle.
We believed yield strategies should be deliberate, understandable, and controlled. That users deserved tools to manage risk, not just chase returns. That safety was not a trade-off for performance, but a prerequisite for it.
This document marks the final chapter of Pluto. The decision to close it was made with care, clarity, and responsibility, with user safety as the highest priority.
Overview
Pluto was designed to offer structured yield strategies within the Solana ecosystem by combining yield optimization with trading-grade risk management.
The protocol connects lenders and yield seekers within a single system:
Lenders provide liquidity through Earn Vaults to earn passive yield;
Yield seekers borrow liquidity to enter Leveraged Vaults;
Built-in safety mechanisms manage downside risk and position health.
As market conditions and usage patterns evolved, continuing to operate Pluto no longer met the standards required to maintain the protocol safely and sustainably. As a result, Pluto will be wound down.
Design Principles
Pluto was built around three core principles:
These principles continue to guide the wind-down process.
Operational Considerations
Even as activity declined, Pluto continued to require the same level of operational rigor to function safely.
This includes engineering maintenance, continuous monitoring, and security oversight.
The most significant concern under declining conditions is fund security.
Protocols do not become safer as usage slows. Operational complexity remains, while response margins shrink. Continuing to operate without a clear path to sustainable usage increases the risk of delayed responses, reduced monitoring effectiveness, or security blind spots over time.
Sunsetting Pluto proactively allows user funds to be returned while all security standards remain fully intact.
Wind-Down Process
Pluto will execute a clear and deterministic wind-down process to ensure all user funds are returned safely.
Effective Immediately
No new Earn Vault deposits will be accepted.
No new Leveraged Vault positions can be opened.
Withdrawals Period
Users may withdraw funds normally until March 9th, 2026.
All withdrawals during this period follow standard protocol behavior.
Force Exit (March 10th, 2026)
On March 10th, 2026, the protocol will automatically exit any remaining positions.
All remaining Leveraged Vault positions will be closed, unwound, converted back to native assets, and returned to users’ wallet addresses.
All remaining Earn Vault positions will be exited and returned to users’ wallet addresses.
All staked Power-Up tokens will be unstaked and returned to users’ wallet addresses.
No user action is required for the force exit.
Pluto Points
As part of the wind-down, the Pluto Points program will also be discontinued.
Unfortunately, this goes without saying. Points are inseparable from an active protocol, and cannot remain meaningful once the system they represent is no longer operating.
We are deeply grateful for the support shown through participation in the Points program. A final snapshot of Pluto Points balances across all wallets has been taken.
If our paths cross again in the future, and circumstances allow, these records will be kept in mind.
Safety Guarantees
During the wind-down process:
No new risk will be introduced.
All exits follow predefined protocol logic.
No discretionary fund movements will occur.
All fund transfers remain on-chain and verifiable.
The protocol will not remain operational beyond the point where it can be managed safely.
Final Note
Pluto was never about maximizing yield at any cost.
It was about building systems where users could earn more, while risking less, with clarity and control.
Closing Pluto is not a departure from that belief. It is a continuation of it.
Thank you for being part of Pluto, and for trusting us to close this chapter carefully.
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