A brief intro into what Plutos is. Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to users. By integrating Blockchains such as Polkadot, BSC, and Solana, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.
What does Plutos bring to the table? With Plutos, all users can have access to synthetic assets from both traditional financial market and the crypto market. By enabling cross-chain and on-chain functionalities, Plutos will be able to deliver keynote features such as scalability, high interoperability, low cost of transactions, offering the perfect solution for the current DeFi derivative market to difficulties and limitations such as high gas fee, low transaction speed, vulnerability of hacking such as flash loan etc.
What are the key product constitutents of Plutos?
1.) Plutos staking :- with Plutos staking, users can earn rewards by staking derivative assets on Plutos Network. The Staking service will be first built on Ethereum, and then migrate to Polkadot after the sub-parachain, OCW components are ready for deployment. The Staking service will be available on other leading Blockchains such as BSC and Solana.
2.) Plutos market :- Your One-stop platform for issuing and trading crypto derivatives. By applying AMM mechanism and enabling cross-chain wrapping function to build chain-bridges between mainstream assets of Blockchains including Ethereum, Polkadot, BSC, and Solana, Plutos Market will be the marketplace when users can trade cross-chain derivatives with low cost, fast transaction and high security. In Plutos Market, users can trade derivatives such as contracts, options, swaps etc.
3.) Plutos pool :- 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 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.