Introducing Pluto network

Plutos Network is a multi-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to users. It offers users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable and disruptive to the traditional derivative market.

With Plutos, all users can have access to synthetic assets from both traditional financial market and the crypto market. By enabling cross-chain and on-chain functionalities, Plutos will be able to deliver keynote features such as scalability, high interoperability, low cost of transactions, offering the perfect solution for current DeFi derivative market to difficulties and limitations such as high gas fee, low transaction speed, vulnerability of hacking such as flash loan etc.

What makes Pluto network stand out.

1. Its Key components.

2. Its technical Architecture

3. Infinite liquidity and Synthetic variety by staking and minting

4. AMM Structure for Trading Synthetics

Now let’s delve more about Pluto’s key components. Pluto’s key components includes;

Pluto’s Market

 Pluto’s Staking

 Pluto’s Pool.

• Plutos market

Plutos Market will be the marketplace where users can trade cross-chain derivatives with low cost, fast transaction and high security. In Plutos Market, users can trade derivatives such as contracts, options, swaps etc. This will be done by applying AMM mechanism and enabling cross-chain wrapping function to build chain-bridges between mainstream assets of Blockchains including Ethereum, Polkadot, BSC and Solana.

• Plutos staking

Users can earn rewards by Staking derivative assets on Plutos Network. The Staking service will be first built on Ethereum, and then migrate to Polkadot after the sub-parachain, OCW components are ready for deployment. The Staking service will soon be available on other leading Blockchains such as BSC and Solana. Interesting right? Yea.

• Plutos Pool

Through PLUT Staking and minting, integrating liquidity from leading DEXes such as Uniswap, 1inch, Balancer, PancakeSwap etc, Plutos Pool can offer infinite liquidity for users with the best trading experience and passive income. With Plutos Pool, slippage and will very much improved thanks to the liquidity integration and cross-chain liquidity pools. There will be no need for Liquidity Provider on Plutos Network. Users will only need to stake PLUT and mint assets such as pUSD to convert one asset to another or open long or short positions of leveraged contracts underlying various assets without any restriction.

2. Plutos technical Architecture

A Sub-parachain will be built to be the underlying module for communications with parachains on Polkadot. Thanks to the outstanding features of Plutos Sub-parachain, Plutos will enable fast communications through the module with various parachains such as Rococo etc. The component will be a valuable improvement in order to realize interoperability, scalability and fast transactions.

3. Infinite liquidity and Synthetic variety by staking and minting

Plutos Pool is a pool created in the process of PLUT holders staking PLUT and minting assets including pUSD, pBTC, pETH etc. The pool acts as a liquidity provider, acting as the counter-party when trading pUSD to pBTC, for example. Therefore, it can be said that the liquidity is infinite. In other words, there is no worry for users over the lack of liquidity or slippage existing in traditional financial markets.

Not withstanding; , if all users only have pBTC and the BTC price rises by 50%, the total debt also increases by 50%. In this case, the collateral pool, the staking pool has the opposite position, pBTC sell (or inverse piBTC), so the buy/sell ratio plays an important role in the overall collateral ratio of the system. Plutos Network will increase the stability of the system by reducing the risk of various methods such as position hedge in the on/off chain for the position imbalance of the system.

4. Plutos AMM Structure for Trading Synthetics

Plutos Network applies pAMM mechanism during the trading of products such as options, swaps, contracts etc. After users place collaterals in assets supported in the Plutos Network, for example, pETH, etc, the users can trade the synthetic products provided, without any worries about latency or big slippage.

The traditional order book is replaced by liquidity pools that are pre-funded on-chain for both assets of the trading pair. The liquidity is provided by other users who also earn passive income on their deposit through trading fees based on the percentage of the liquidity pool that they provide.

Want to know more about Plutos Network?

Check out the Announcement channel on telegram

Follow Plutos Network on Twitter



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