PlutusDefi June 2020 Update — Plutus DeFi reduces Fundraising Market Cap

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ADD.xyz

3 min readJun 21, 2020

Plutus DeFi reduces Fundraising Market Cap

Following DeFi’s development over the past few months, the team has decided that in line with our partnered projects in DeFi and our seed round investors, that we have decided to reduce the fundraising market cap by a significant amount, becoming one of the first micro-cap DeFi lending platforms with a value capture token.

The new total raise of PlutusDeFi will be USD $1 million, with an official launch of the final round at USD $500,000.

We have already received contributions and have reservations for over this amount, and will be prioritising contributions based on DeFi experience and contribution to the general DeFi space. We are looking for long-term supporters who understand the potential of Decentralised Financial Technology, and those who already may be supporting other DeFi projects.

Token Sale: Forming stronger alliances

As part of forging stronger alliances with partners behind the scenes, we have opened the private sale and are accepting additional forms of tokens such as Cardano (ADA), DAI stable coin and other DeFi coins.

For enquiries contact: hello@plutusdefi.com

*Details of our Bridge Toll fee can be found here.

PlutusDeFi v0.2 — ready to go

Last month we conducted several rounds of beta-testing with the help of our community. Since then we have revamped our entire product and soft tested our contracts to confirm that they are working as intended, as we move into an official external audit with our partners.

We have simplified the UI/UX and product flow even more, reducing cluttered pages and having defi lending pop-ups across the journey to simplify deposits.

You can try it out here; https://plutusdefi.com/

Integration Updates

We are rolling towards the final stages of our integrations with Nexus Mutual, our enterprise SDK integration and and smart contract audits.

DeFi space experiences biggest ever growth during financial crisis and global pandemic

The DeFi space is alive and buzzing, with the new Compound governance token reaching almost $1 billion USD in Market Capitalisation, and new records in DeFi users across multiple platforms. Users are opting for more secure, private and anonymous forms of storing liquidity during uncertain times and unprecedented financial bail-outs globally.

Tornado Cash Integration and further DeFi bridges

We are exploring potential ETH privacy tools such as Tornado Cash and other similar integrations for ensuring that privacy remains the utmost importance as the DeFi space grows.

Feel free to reach out to us on

Website: https://plutusdefi.com/

Telegram: https://t.me/plutusdefi

Twitter: https://twitter.com/plutusdefi

Medium: https://medium.com/PlutusDeFi