Interoperability
Plethori is an interoperable DeFi protocol that allows cross-chain ETF investments and trades. The need to build a cross-chain project is crucial, due to the recent surge of unaffordable fees charged by networks such as Ethereum which make trading and investment opportunities seemingly unprofitable to small-scale investors/users.
Our cross-chain functionality will open up new opportunities to our users enabling them to invest in both the Ethereum and Polkadot ecosystems, thus creating a two-way bridge for investment into both ecosystems. This is a strategic move to provide a cost-effective, low-latency alternative to excessive transactions to save on fees and reduce transaction costs, whilst providing almost infinite scalability.
One of the striking advantages of our cross-chain protocol is the cheap cost to users, allowing users to invest additional funds that would otherwise be used on transaction fees. Functionality is maintained at a near optimum level, primarily because we can mitigate service lag caused by singular network congestion using our cross-chain protocol as a by-pass.
Plethori will enable fund managers to design their own ETFs quickly, cheaply, and in a UX-optimized setting. Users will be able to participate in a secure environment and invest in a collage of investment portfolios with minimal, yet calculated risk based on the performance of the funds. As a user, you have only to make a deposit with PLE on our platform, which can then be used to make investments into the Polkadot ecosystem.
Last modified 1yr ago