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 ecosystem, 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.
We chose Polkadot primarily because of its aim to build on top of Ethereum and that it boasts smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM) where the bulk of traded DeFi assets are native.
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 of sorts.
Plethori will enable fund managers to create ETFs quickly, cheaply, and in a trustless manner. 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.