What you need to know about Plutos Network’s Technical Architecture
WHAT IS PLUTOS NETWORK?
Plutos Network is a multi-chain synthetic issuance and derivative trading platform that offers mining incentives and staking rewards to users. Plutos enables all users to get synthetic assets from both the traditional financial market and the crypto business.
To enable the system work perfectly well, there has to be the technical architecture on which it operates. Plutos Network’s technical architecture is made up of:
- Sub-parachain component
- Marketplace for issuance and trading derivatives
Sub-parachain Component
A sub-parachain will be constructed to serve as the foundation module for parachain communication on Polkadot. Plutos will enable quick connections through the module with various parachains such as Rococo, thanks to the remarkable qualities of Plutos Sub-parachain. The component will be a significant advancement in terms of interoperability, scalability, and transaction speed.
Plutos’ Marketplace for Issuance and Trading of Derivatives
Plutos Network’s derivative issuance and trading workflow consists of the following elements: Plutos Market, a synthetic issuance and trading marketplace; Plutos Multi-chain Asset Collateral Pool, which aggregates all assets on Plutos Network; and Integration with leading liquidity and swap protocols such as Uniswap, 1inch, Pancake, and others for infinite liquidity.
Plutos Market is a DEX that is both synthetic and derivative and does not have an order book. Both leveraged and non-leveraged products are available through the dApp.
Technical Component
- Interoperability Layer: Plutos facilitates the issue of synthetic assets based on several assets as well as decentralized multi-asset collateral. Plutos Network will become a full-scale solution to the limitations of interoperability for derivative platforms by utilizing Substrate and Polkadot under-layer technologies. Plutos will also integrate BSC and Solana to improve the user experience and promote user engagement by accelerating security, scalability and flexibility.
- Decentralized Multi-Asset Collateral Pool: Plutos offers a decentralized multi-asset collateral solution that also happens to not rely on express permission. Users can deposit supported assets like ETH and DAI in order to issue synthetic assets like bonds and receive the highest interest rates on deposits and borrowed assets. Plutos also has the lowest Collateral Ratio (C-ratio), thanks to its full-scale security measures and DAO Governance mode.
- Derivative Issuance and Trading: Plutos enables the issuance, trading, and control of synthetic assets using supporting assets as collateral. Users can decentrally issue modified derivative products such as bonds to trade or raise capital. After the project is completed, users will be able to access their User Dashboard, which will allow them to see their trade history.