Hook · III. PLT

PLT.

Programmableliquiditytranchingwithstructuredfeewaterfall.

CDP-style LP tranching — 70% of fees waterfall to Senior, 30% to Junior.

Type

Liquidity

Status

—

Version

v1.0.0

Pools

Mechanics

How it works.

01
LPs choose SENIOR (fee-priority, impermanent-loss last) or JUNIOR (higher risk, fee residual) on deposit.
02
After each swap, 70% of fees flow to the senior tranche, 30% to junior — a fixed structured waterfall.
03
Senior bears impermanent loss last; junior absorbs IL first, replicating CDO subordination on-chain.
04
hookData = abi.encode(lpAddress, tranche) must be passed on every deposit to bind the position.

Integration

Code sample.

// Add liquidity to senior tranche
bytes memory hookData = abi.encode(msg.sender, PLTHook.Tranche.SENIOR);
modifyLiquidityRouter.modifyLiquidity(
    poolKey,
    IPoolManager.ModifyLiquidityParams({
        tickLower: -887220,
        tickUpper:  887220,
        liquidityDelta: int256(1000e18),
        salt: 0
    }),
    hookData
);