Plutos Network: Multi-Chain Synthetic Issuance & Derivative Trading Platform
What is Plutos Network?
Plutos Network is a cross-chain synthetic issuance and derivative trading platform that pays users for mining and staking. Plutos Network will offer users synthetic issuance and trading services for a wide range of synthetic products that are sustainable, profitable, and disruptive to the traditional derivative market by integrating Blockchains such as Polkadot, BSC, and Solana, which enable on-chain and cross-chain liquidity and trading.
Why Plutos Network?
Plutos allows all users to access synthetic assets from both the traditional financial and crypto markets. Plutos will be able to deliver key features such as scalability, high interoperability, and low transaction costs by enabling cross-chain and on-chain functionalities, making it the ideal solution for the current DeFi derivative market’s challenges and limitations, such as high gas fees, slow transaction speeds, and hacking vulnerabilities such as flash loans.
Technical Framework
Plutos Network’s derivative issuance and trading workflow consists of several key components: Plutos Market, a synthetic issuance and trading marketplace; Plutos Multi-chain Asset Collateral Pool, which aggregates all assets on Plutos Network; and integration with leading liquidity and swap protocols such as Uniswap, 1inch, Pancake, and others for infinite liquidity.
Plutos Market is a DEX that is both synthetic and derivative and does not have an order book. Both leveraged and non-leveraged products are available through the dApp.
Because the debt pool smart contract is backed by staked collateral, which serves as a liquidity provider, users may convert one PLUT to another without worrying about liquidity or slippage. Taking leveraged short or long bets can also be beneficial to users.
Plutos Major Product Components
- Plutos Staking:
On Plutos Network, users may earn rewards by staking derivative assets. After the sub-parachain, OCW components are ready for deployment, the Staking service will be created on Ethereum and subsequently migrated to Polkadot. Other popular Blockchains, such as BSC and Solana, will soon provide the Staking functionality.
2. Plutos Pool:
Plutos Pool can offer unlimited liquidity for customers with the greatest trading experience and passive income through PLUT Staking and minting, combining liquidity from top DEXes like as Uniswap, 1inch, Balancer, PancakeSwap, and others. Because of the liquidity integration and cross-chain liquidity pools, slippage and will be greatly reduced with Plutos Pool.
On Pluto’s Network, there will be no need for a Liquidity Provider. Users will simply need to stake PLUT and mint assets like pUSD in order to convert one asset to another or create long or short positions in leveraged contracts underlying multiple assets.
3. Plutos Market:
Your one-stop platform for crypto derivatives issuance and trading. Plutos Market will be the marketplace where users can trade cross-chain derivatives with low cost, fast transaction, and high security by using AMM mechanism and enabling cross-chain wrapping function to build chain-bridges between mainstream assets of Blockchains such as Ethereum, Polkadot, BSC, and Solana. Users can trade derivatives such as contracts, options, and swaps on Plutos Market.
For more information, visit;
Website: https://plutos.network
Twitter: https://twitter.com/PlutosNetwork