Plume: Purpose-Built RWA L1 for Composable Yield - What You Need to Know
pUSD, pETH, Institutional Rails, Turtle Integrations, and More
Plume Network is a full‑stack blockchain purpose‑built for “real‑world asset finance” (RWAfi) with a goal of being the modular foundation where tokenized assets can live, move, and earn yield in DeFi.
To deepen user adoption and liquidity, Plume is partnering with Turtle, a distribution protocol that monetizes Web3 activity for liquidity providers and projects. This partnership brings Plume’s RWAfi infrastructure into Turtle’s growing network of over 300,000 wallets and 51 integrated protocols, aligning incentives across LPs, token issuers, and distribution partners.
In today’s edition we’ll explore Plume’s vision, how Turtle amplifies it, and what to expect from their collaboration.
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Primer: Plume Network
Plume is an EVM‑compatible L1 chain purpose‑built for RWA finance. The network provides an integrated tokenization engine (Arc), cross‑chain infrastructure (SkyLink and Nexus), and on‑chain compliance modules so that asset issuers can tokenize everything from private credit to commodities and plug those tokens directly into DeFi.
Unlike general‑purpose chains, Plume prioritizes scalability, composability and compliance:
Modular architecture – A two‑tiered consensus model called Proof of Representation leverages Ethereum infrastructure while enabling Plume’s own high‑throughput execution layer. Modules like SkyLink provide cross‑chain RWA yield distribution, and Arc handles identity verification, on‑/off‑ramping and secondary trading.
On‑chain KYC/AML – Identity and compliance checks happen natively at the protocol level, allowing issuers to meet regulatory requirements without sacrificing DeFi composability.
Ecosystem adoption – Plume’s testnet attracted over 3.75 million users and processed 256 million transactions, and more than 200 projects are building on its devnet. The Genesis mainnet launch onboarded over $250 million in RWA capital and more than 100,000 wallets, positioning Plume as one of the most active RWA chains.
pUSD - Plume’s USD‑pegged stablecoin
pUSD is pegged 1:1 to the U.S. dollar and is backed indirectly by USDT and USDC. Traders mint pUSD by depositing either stablecoin into Plume’s minting module, and when they wish to exit, they redeem pUSD for their original deposit.
pUSD is intended to serve as a settlement asset for DeFi applications on Plume, from lending and borrowing to yield farming. During the network’s Genesis launch, Plume partnered with World Liberty Financial (WLFI) to integrate USD1 into Plume’s reserves.
USD1 will act as a reserve asset underpinning pUSD and provide day‑one liquidity for RWA users. This integration aligns Plume’s stablecoin with institutional‑grade collateral, enhancing its stability and trust.
pETH – Plume’s Staked Ethereum
Plume also offers pETH, a tokenized representation of staked Ether. pETH is minted through Plume’s on‑chain lending mechanism where users deposit ETH as collateral to borrow pETH, which is automatically staked.
pETH can be used in various DeFi applications for lending, borrowing, yields, RWA-related strategies, and more.
Plume on Turtle
While Plume builds the technical rails, Turtle provides a distribution engine that ensures liquidity and incentives flow to the right stakeholders. Turtle operates an on‑chain liquidity distribution protocol that allows LPs to earn rewards across multiple DeFi protocols without taking custody of their funds.
Through the partnership, Turtle becomes the gateway for Plume’s RWA tokens and yields. LPs and users in Turtle’s ecosystem can access Plume’s RWAfi opportunities such as tokenized T‑bills, private credit and staking products while protocols launching on Plume can tap into Turtle’s distribution network to attract sticky liquidity.
Turtle’s due‑diligence frameworks and transparent risk dashboards help de‑risk RWA pools, while its incentive engine aligns LP rewards with protocol growth. For Plume, this means greater capital efficiency and broader awareness while for Turtle, it offers unique RWA‑based deals that differentiate its platform.
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Disclosure
Alea Research is engaged in a commercial relationship with Turtle as part of an educational initiative, and this newsletter was commissioned as part of that engagement. This content is provided for educational purposes only and does not constitute financial or investment advice. You should do your own research and only invest what you can afford to lose. Alea Research is a research platform and not an investment or financial advisor.
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