The Structure and Components of Plutos Network
In a world where financial trends are fast changing and quickly shifting from the traditional methods of issuance and trading to better ways of engaging in liquidity for more profitability, Plutos Network introduces an all-engaging structure that opens up a new and improved technique to decentralized financing (DeFi).
This structure comprises of parts and components that make up the whole of the Plutos Network.
Let’s check them out!
Key Components of Plutos Network
Plutos Network is made up of some unique sections that works hand-in-hand and aids the functionality, sustainability, and profitability of the system. They include:
- Plutos Market
This serves as a marketplace where synthetic assets from the built-in blockchains — BSC, Solana, Polkadot — and derivatives such as contracts, swaps, bonds, options, etc., can be traded at high speed and at low costs with high security.
Plutos uses the AMM mechanism and cross-chain wrapping function to build interlinking bridges between mainstream assets of the blockchains.
- Plutos Staking
This section gives users on the ecosystem the chance to stake their synthetic assets and derivatives to earn great incentives and rewards.
The staking will be developed on the Ethereum blockchain and after the sub-parachain is built, it will be introduced to Polkadot and its other block chains — Solana and BSC.
- Plutos Pool
In the pool, users are given the ability to deposit the supported assets such as ETH, DAI, etc., be issued synthetic assets, and earn high interests on deposits and borrowed assets.
Plutos is putting up a Pool which will have more infinite and high level liquidity for a better trading experience for users by integrating the swap and liquidity protocol of leading DEXs like PancakeSwap, UniSwap, Balancer, 1inch, etc.
Using PLUT minting and staking, Plutos multi-chain asset collateral pool will integrate a high level of liquidity for a better trading experience.
Plutos will also reduce the slippage to the barest minimum with the integration of cross-chain liquidity and multi-chain asset collateral pools.
There will be no need of liquidity providers as users will only need to stake PLUT and mintassets and these assets can be converted from one asset to another or can be used to open short or long positions of leveraged contracts with no restrictions.
- PLUT Mint — Collaterals
Every holder of PLUT (the official token of Plutos) will have the ability to mint mainstream and synthetic assets (e.g. pUSD, pBTC, pETH, pDAI, etc.) by using Plutos smart contracts and placing collateral.
Every asset minted are debts and on placing collaterals in them, they will be stored and locked on the network as pUSD, with a collateral ratio (C-ratio), which is calculated as the ratio of the user’s locked collateral to the value of the minted asset.
Plutos also offers a very low C-ratio, as a result of its DAO Governance principles and full-scale security measures.
Technical Components of Plutos Network
Plutos Network is built using several technologies patterned into its structure to increase the functionality, sustainability, and profitability of the system.
- Interoperability Layer
Plutos Network is built on 3 great blockchains — Solana, Polkadot, and BSC, which improves on its scalability, flexibility, and security.
The network also uses the under-lying technologies of Polkadot and Substrates and this provides a full-scale solution to the interoperability limitations of other DEXs.
It supports the issuance and trade of aesthetic assets and derivatives based on multiple assets and decentralized multiple collateral.
- AMM Structure
Plutos uses the Automated Market Maker (AMM) mechanism for trading synthetic assets and derivatives such as bonds, contracts, swaps, etc.
The AMM mechanism replaces the traditional order book with liquidity pools that are pre-funded on-chain for both assets of the trading pai and it ensures that all minted assets and products are traded with no worries of latency or slippage.
- Sub-Parachain Component
The sub-parachain component of Plutos creates fast interactivity and communications between parachains on Polkadot such as Rococo.
This underlying module will add a valuable improvement to the network and will realize more scalability, interoperability, and faster transactions.
About Plutos Network
Plutos Network is a multi-chain DeFi synthetic and derivative issuance and trading platform that is built on BSC, Polkadot, and Solana Blockchains.
Plutos Network provides infinite liquidity on multi-chains through trading, mining, and staking and gives its users the opportunity to participate actively in trading and liquidity with greater chances of profit and sustainability as a result of the low transaction costs and gas fees, higher transaction speed, interoperability, and scalability.
For more information and updates about Plutos Network, visit the following channels:
Website: https://plutos.network
Twitter: https://twitter.com/PlutosNetwork
Telegram: https://t.me/plutosANN