Hello World! Meet Plena
In the spirit of inclusivity, we’re thrilled to introduce you to Plena!
Today we are lifting a veil on one of the most exciting project we have been working on— Plena — your pocket access to an entire, sovereign DeFi ecosystem.
We have long felt the need to re-imagine Decentralized finance into an ecosystem that works for everyone, everywhere, for DeFi to truly democratize, expand, and accelerate.
The first step is creating a Mobile ecosystem, a DeFi universe that is easy to leverage and resists all barriers to entry costs!
Unlocking User Adoption
Plena is a unique DeFi ecosystem, a robust infrastructure paired with the most exciting marketplaces, opportunities, and product synergies! Plena is made with love for today’s mobile-first generation.
More than 55% of the world’s internet traffic is on mobile. In 2020 alone, the number of unique mobile internet users stood at 4.28 billion, indicating that over 90% of the global internet population utilizes a mobile device to go online (source).
Yet, as of now, there is an evident lack of blockchains, DeFi platforms, dApps, and other primitives that are capable of running on mobile devices.
The conundrum is simple — but the friction that it lends to the overall DeFi growth and adoption and the market gap it has created — is, in very simple terms, the most burning needs of the current decentralized finance marketplace.
The answer is simple as well — Accessible, mobile DeFi applications are key to user adoption.
While building Plena, we thought a lot about reaching the first billion mobile-first users of decentralized finance; we re-imagined an ecosystem and experience that feels elegant, organic, with only two simple access points — a mobile phone and a solid internet connection.
That is all you need to tap into one of the most comprehensive DeFi ecosystems contained within 5.8 inches (if you use an iPhone 12 mini… well, you get the point!)
- A mobile-first DeFi application; compatible with both android and iOS devices.
- Mobile centric
- And all of your best DeFi imaginations
DeFi in mobile will open a world of financial autonomy, independence, and accessibility like never before. The new wave will offer our mobile-first generation the ability to connect to a broader democratized marketplace.
Until the emergence of Plena, this new evolution has never been made permanent. We aim to mobilize the world of sovereign mobile DeFi superwave that connects you with the future of finance. At the same time, you retain the absolute ownership of your asset as they are transacted within the global market.
Not just that, Plena is addressing the pain points of several industries by bridging them to DeFi via our suite of hybrid tools such as Streaming, Social trading, and Diversified money market.
Possibilities on Plena
Through our research, we have validated many use cases on Plena, including — lending-Borrowing, native AMM, streaming, diversified money market, social trading, an open to all NFT marketplace, Smart contract wallet, Staking, fiat on-ramp, yield farming and optimization, and governance, Plena hosts it all in one single place.
At the time of the Mainnet launch, Plena will be deployed on Polygon as a part of the broader strategy to widen the mainstream appeal and revise the true potential of the Plena over a layer that supports maximum scalability and the easiest user onboarding seen in DeFi so far.
As Plena continues to evolve as a product-market fit, simultaneously, we will tap into and deploy on more chains, including BSC, Polkadot, Fantom, Arbitrium, Avalanche, Kusama, Cardano……as well as the chains that offer the best outputs to maximize your experience on our application.
We have designed our DeFi application from the ground up with the primitive and attributes supporting a rich financial ecosystem that fits in your pocket!