Plimsoll

Split any ERC-4626 vault into a protected claim and a first-loss claim. The market sets the price of the protection. Robinhood Chain.

$PLIM

[Plimsoll @plimsollfi]

$PLIM is live.

CA: 0x99A635c8504ce9fCc376Bb0B6349Fb079c1C2Fc4

Every vault socialises its losses pro-rata. Nobody chose that, it's just what a single share class does.

Plimsoll runs two. One takes the first loss and gets paid. One is protected and pays.

Same vault. The loss now has an order.

[Plimsoll @plimsollfi]

Whoever takes the fee never takes the loss.

Plimsoll.