Crypto synthetics, like synthetics in traditional markets, are designed to mimic the value of other assets, giving financial investors the leverage and opportunity to trade digital and traditional assets, while staying in the crypto ecosystem. Buyers and investors can use crypto synthetics to gain exposure to a variety of assets without having to hold them. This includes fiat currencies, commodities, index funds, and other digital assets. As current synthetic markets such as Synthetix run on Ethereum, issues, and limitations are holding back the development of the market due to low scalability, high gas fees, low transaction speed. But this is where Plutos network comes in. By utilizing the multi-chain structure, Plutos Network can best use the corresponding features and technical advantages of the leading chains.
Across the finance market, there is a various trading platform which investors and financers can trade on, but none is as innovative and as revolutionary as Plutos Network. This trading platform is a cross-chain synthetic issuance and derivative trading platform which introduces mining incentives and Staking rewards to its existing and new users. Through the integration of Blockchains such as BSC, Solana, Polkadot, etc, and by the enablement of on-chain and cross-chain liquidity and trading, Plutos Network is looking at offering new and existing users’ synthetic issuance and innovative trading services for a wide range of synthetic products which are very much profitable, sustainable, and ultimately disruptive to the traditional derivative market.
On Plutos Network, all the new and existing users of the derivative trading platform can access synthetic assets from both the crypto and traditional financial market. Through the enablement of on-chain and cross-chain functionalities, Plutos network will have the ability to be able to deliver major features such as high interoperability, low cost of transactions, scalability, thereby proffering and offering the best remedy for the current DeFi derivative market to tackle difficulties and limitations such as high gas fee, the vulnerability of hacking such as flash loan, low transaction speed, among others’ problems.
Pluto’s Network’s Most Important Components
Using Plutos network, the cross-chain synthetic issuance and derivative trading platform, new and existing users can earn rewards by Staking derivative assets on the platform. The Staking service is looking at being first built and launched on Ethereum, and then after, will be migrated to Polkadot after the sub-parachain, OCW components will be ready for deployment. The Staking service on the network will soon be available on other leading Blockchains such as BSC and Solana.
One of the major features that Plutos Network has is infinite liquidity. There are three pillars to Plutos network product, Plutos Staking, Plutos Pool, and Plutos Market. Each pillar has very unique functionalities. Staking is where users can stake assets and get passive income as Plutos offers incentives for liquidity providers.
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 liquidity is infinite. In other words, there is no worry for users over the lack of liquidity or slippage existing in traditional financial markets.
Plutos Market is a synthetic/derivative DEX without an order book. The dApp provides both leveraged and unleveraged products. Users can convert one PLUT to another without worrying about how deep the liquidity is nor slippage because the debt pool smart contract is backed by the staked collateral which plays the role of liquidity provider. Users are also able to be benefited by taking short or long positions with leverage. The workflow of derivative issuance and trading on Plutos Network includes several key components: Plutos Market for synthetic issuance and trading marketplace, Plutos Multi-chain Asset Collateral Pool for aggregating all assets on Plutos Network, Integration with leading liquidity and swap protocols including Uniswap, 1inch, Pancake and more for infinite liquidity.
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 be 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.
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. It provides infinite liquidity on multi-chains through trading, mining, and staking.
Plutos Network 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.
The network is also made up of several functions and components that make it more scalable, interoperable, and profitable than other decentralized finance (DeFi) derivative markets.
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
