pNetwork Is Supercharging Innovation With Cross-Chain Composability

pNetwork Team
Mar 31 · 3 min read
pNetwork Is Supercharging Innovation With Cross-Chain Composability

pNetwork is working to bring blockchains together through an intelligent solution revolving around pTokens. Our decentralized ecosystem is supercharging innovation via a series of products and services that eliminate barriers between blockchains, unleash the full potential of DeFi dApps, and ensure liquidity across multiple decentralized ecosystems.

DeFi investors, along with other market participants, can get access to a variety of dApp or yield farming options even if they hold Bitcoin, Litecoin, or other digital assets that reside on blockchain networks that are not supporting smart contracts at all. pNetwork is accelerating blockchain adoption by making digital assets more flexible and accessible.

Our ecosystem brings innovation through the following services:

Cross-Chain Bridges

pNetwork’s flagship product is the pTokens dApp, enabling users to move assets from one blockchain to another freely, rapidly, and at a low-cost.
At the moment, pNetwork provides 34 bridges that let you mint tokenized assets on the supported host blockchains, backed by the cryptocurrency of the native blockchain with a 1:1 ratio, which acts as collateral. In this way, pNetwork spurs cross-chain composability and unchains crypto liquidity.

Users can access the DeFi space on Ethereum, EOS, or BSC ecosystems with Bitcoin, Litecoin, and other cryptocurrencies that are generally more difficult to integrate into DeFi. Thanks to the pTokens dApp, one can easily generate pBTC on Ethereum, BSC, EOS, Telos, and xDai, or pLTC on ETH or EOS, for example.

pNetwork Portals

pNetwork aims to encourage the adoption of blockchain technology not only through token bridges. We also launched a product that can bring smart contracts together under a unified ecosystem. The pNetwork Portals solution is built on top of pTokens, but its goal is to connect smart contracts residing on different blockchains. pNetwork Portals help smart contracts communicate with each other as if they were part of a single network.

Portals’ use cases revolve around enabling DEXes on different blockchains to borrow liquidity from each other granting DeFi dApps and traders with more liquid trading pairs, cross-chain non-fungible token (NFT) transfers, and lending across multiple chains.

For example, a pNetwork’s Uniswap Portal would let traders on non-Ethereum blockchains (like Algorand or EOS) access Uniswap’s liquidity while staying within their blockchain of choice.

pNetwork Portals bring cross-chain composability to a whole new level.

DAO

As a progressively decentralized platform that advocates innovation, pNetwork is powered by a Decentralized Autonomous Organization (DAO). The members are incentivized for staking pNetwork Token (PNT) and taking part in the government process by voting in the proposals put forth by the team.

Also, we are about to launch DAO v2, which will come with several new features, such as PNT staking pools for co-owned nodes and in-DAO lending pools. The second version of our DAO will enable its core components (such as DAO treasury and staked PNT) to live on a network of choice beyond Ethereum, e.g., BSC, Polygon.

Yield Farming Strategies

While pNetwork focuses on cross-chain composability, it also provides a lot of opportunities for DeFi investors. Thanks to our wide range of liquidity mining options on platforms like Steroids.finance, you can stake PNT and pTokens to earn rewards in PNT.

Are you ready to join our mission to unleash the full potential of blockchains?

Check our social media channels for more updates on our innovative solutions!

___

🦜 Want to join our flock? Connect with us on Twitter and join the conversation in our pNetwork Telegram and Discord.

💡 For a more technical deep dive into pTokens infrastructure, read our technical paper or check out the summary on our website.

🔗 For any blockchain project looking to integrate pTokens into their infrastructure, we have also built a pTokens JS library.

💌 Excited about pBTC? Sign up for our newsletter and be the first to know which blockchain pTokens will make their home in next.

pNetwork

Enabling cross-chain DeFi composability

Medium is an open platform where 170 million readers come to find insightful and dynamic thinking. Here, expert and undiscovered voices alike dive into the heart of any topic and bring new ideas to the surface. Learn more

Follow the writers, publications, and topics that matter to you, and you’ll see them on your homepage and in your inbox. Explore

If you have a story to tell, knowledge to share, or a perspective to offer — welcome home. It’s easy and free to post your thinking on any topic. Write on Medium

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store