Plutos Network as a Derivative Exchange

Ifemini
2 min readNov 3, 2021

Derivatives are financial contracts whose worth depend on an underlying asset or group of assets. The commonly used assets in the traditional markets are bonds, currencies, commodities, currencies, and market indices.

With Plutos Network, users can access synthetic assets from the traditional financial market and the crypto currency market on the Plutos Network SYNTH System.

Plutos Network provides an all-inclusive platform where everyone can take part and benefit equally based on your $PLUT holdings.

The liquidity on the network is infinite, and this is possible because Plutos Network will provide the schemes of Staking and Minting and leading Blockchains like Solana, Polkadot, Avalanche and BSC network. Since Plutos Network is a decentralized cross-chain derivative issuance and trading platform, there is no need for anyone to qualify for eligibility.

It is best to note that participants earn profit from derivative contracts by derivative contracts by speculating the future value of the underlying asset; and, Plutos network provides this service to the interested participant through its decentralized systems. Members can create synthetic contracts pegged to other assets. The freedom to issue synthetic contracts gives room for the vast availability of derivatives.

With Plutos Network Synth system, all users can access synthetic assets from the traditional financial market; and the crypto market because Plutos Network is a decentralized cross-chain derivative issuance and trading platform, there is no need for anyone to qualify for eligibility. Plutos provide an all-inclusive platform where everyone can take part and benefit equally based on your PLUT.

There is always going to be liquidity on the plutos network synth platform through the product schemes of Staking and Minting and leading Blockchains like Solana, Polkadot, and BSC. Plutos network Market is a synthetic/derivative DEX without an order book.

As a result of Plutos Network dApp, users can access both leveraged and unleveraged products.

The staked collateral backs the debt pool smart contract, and it plays the role of liquidity provider. Users can convert one PLUT to another without the fear of shallow liquidity nor slippage. Users also benefit by taking short or long positions with leverage.

Decentralized derivatives are the financial vehicles of the future. As the tech-savvy generation grows, so will the popularity of Defi, and this is what Plutos Network would achieve.

The earlier the world pays attention to these tools, the better.

Learn more — https://linktr.ee/PlutosNetwork

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Ifemini

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