Crypto derivatives are secondary contracts or financial tools that get their value from a primary underlying crypto asset.
In other words, they are derived from a high valued cryptocurrency. This brings us to the Pluto network.
The Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to its users.
The Plutos Network have been able to combine and fuse together blockchains such as Polkadot, BSC and Solana in order to achieve on-chain and cross-chain trading and liquidity. By building an efficient platform where users can trade, transfer or be issued synthetic and derived crypto assets, they create a more sustainable, less risky, profitable experience while expanding on the milestones and the already impressive achievement of the entire traditional derivative market and the crypto space at large.
But one might ask,
What can I really do under the Plutos Network?
Because the Plutos Network is built on Solana, Polkadot and BSC, it becomes a multi-chain decentralized finance synthetic trading and investment hub with powerful features and industry disruptive tools.
By giving access to synthetic assets from both traditional financial market and DeFi crypto markets and the on-chain and off-chain functionalities, important features like scalability, low transaction costs and an integrated network with efficient operation becomes possible and attainable. With these, challenges such as high gas fee, bad transaction speed, insecurity of users’ accounts, etc in the derivative markets is greatly reduced.
Some Key Components of The Pluto’s Network
Users may earn rewards by staking crypto derivates on the network. For this feature to function at full capacity, after an initial launch in the Ethereum Blockchain, migration to Polkadot would follow after some essential components are ready. Efforts is also being taken by the team at Plutos to provide this feature on blockchains like Solana and BSC.
Efficient Market System
The Plutos network provides a central gathering point for it’s users to issue and trade crypto derivatives in a seamless, transparent yet cost effective way. By using AMM mechanism, a system that allows users to become liquidity providers in exchange for incentives, and enabling cross-chain wrapping function for easy integration between the mainstream assets of blockchains like Ethereum, polkadot, BSC and Solana, the Plutos network ensures that the marketplace continues to function with the users satisfaction in mind.
The network promises a positive trading experience and passive Income streams though PLUT staking and minting and integrating liquidity from leading decentralized exchanges. The plutos Pool offers infinite liquidity for it’s users where slippage are improved because of the cross chain integration capability. Another thing that makes the Plutos pool stand out is that there would be no need for liquidity providers as users need only stake PLUT, and mint assets like pUSD, pBTC, pETH, etc. The pool acts as a liquidity provider, again ensuring there’s no need for a third-party liquidity provider.
There is so much yet to say about the Plutos Network especially their intricate cross chain technical framework, and their sub-parachain component and their continues and consistent rise in the crypto space and derivatives market.
Learn more about Plutos Network
Telegram Group https://t.me/plutosnetwork
Telegram Channel https://t.me/plutosANN