PLUTOS NETWORK VAULT
Similar to traditional financial derivatives, which derive their value from other underlying assets like commodities, currencies, precious metals, stocks, or bonds, Synthetic assets aim to achieve the same objectives without the necessity of holding the actual asset itself.
Synthetic tokens represent the value of real assets such as stocks, commodities or precious metals or of digital assets such as Ethereum and Bitcoin. By creating digital fractional ownership of real-world assets, a new world of investment potential has been unlocked for both retail and institutional investors alike.
Crypto synthetic assets allow investors to invest in new, emerging crypto commodity classes, by staking these stablecoins as collateral for projects, investors have the potential to earn interest.
One unique selling point of crypto synthetics is the potential to earn rewards or yield by staking or holding on to an asset for an extended period of time
This is where Plutos Network comes in…
Plutos Network is a multi-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading. One of the numerous benefits Plutos Network offers is Plutos Vault.
Plutos Network Vault offers users the opportunity to earn up to $1000 worth of $PLUT weekly in the incentive plan.
The first 200 users with the largest borrowing amounts will be rewarded on a weekly basis.
Various Functions on Plutos Vault and how they are operated
- Deposit- Deposit a certain amount of PLUT tokens as collateral to borrow pUSD (pUSD is the stable-coin of Pluto’s Network). Users can input the amount to deposit in the amount box. (integral numbers or numbers with 6 decimals). Vault Details include: Real-time display of users’ assets information, including “Your wallet balance (PLUT)”, “Your collateral balance”, “Available to withdraw”, “Available to borrow”, “Your wallet balance (pUSD)”, “Liquidation ratio”, “Current borrow ratio”.
In case of no information to be displayed, then it will show 0.000000 PLUT, 0.000000 pUSD, 0.00%
- Deposit & Borrow: Users can borrow pUSD while depositing assets. (Users can borrow all pUSD in one transaction when the C-ratio is maintained at 400%.
Incentive plan for borrowing is as follows:
The first 200 users with the largest borrowing amounts will be rewarded on a weekly basis (calendar-week, Monday to Sunday, UTC+0 time) (Pricing of PLUT reward tokens is calculated by the highest price on every Saturday).
№1 will be rewarded $1000 USD worth of PLUT tokens;
№2–5 will each be rewarded $800 USD worth of PLUT tokens;
№6–15 will each be rewarded $500 USD worth of PLUT tokens;
№16–50 will each be rewarded $100 USD worth of PLUT tokens;
N0.51–100 will each be rewarded $50 USD worth of PLUT tokens;
№101–200 will each be rewarded $10 USD worth of PLUT tokens.
For more information, Visit:
Official Website: https://www.plutos.network/
Official Email: firstname.lastname@example.org
Telegram Group: https://t.me/plutosnetwork
Telegram Channel: https://t.me/plutosANN