DePlutus Protocol Partners with Avalanche to Advance Financial Infrastructure Development in DeFi
(New York, August 20th, 2021) — DePlutus, the next-generation DeFi asset management protocol, announces a strategic partnership with Avalanche Protocol for providing reliable and efficient on-chain crypto asset management service for the Avalanche ecosystem. The DePlutus Protocol, already deployed on Avalanche, is the newest member of the Avalanche ecology.
Andrew Shi, head of DePlutus Protocol, said, “DePlutus and Avalanche share the same vision to become key financial infrastructure in DeFi and blockchains. The strong partnership allows both of us to leverage our unique strengths and have a big push for fulfilling this ambitious goal.”
Currently, a growing number of institutional investors start investing in crypto assets. The decentralized assets need to be managed in a decentralized way to ensure long-term security. DeFi asset management and DePlutus Protocol is an ideal choice for both professional and retail investors to manage their crypto assets in a reliable way. By joining Avalanche ecosystem, DePlutus’ on-chain fund investors will enjoy multiple advantages such as fast transaction confirmation and low gas fees.
Already deployed on Ethereum, BSC, Polygon, Heco and Avalanche, the DePlutus Protocol is an innovative DeFi social trading asset management tool for both professional and retail investors to initiate, manage, operate and invest in the on-chain crypto funds. DePlutus is the first asset management protocol to enable the fund-specific token function. The investor will receive the fund-specific tokens (DF Token) after investing in the funds on the platform.
DF Token represents the investor’s share of ownership in the fund and is priced in proportion to the fund’s current value. DF Token can be transferred，traded, and staked for liquidity mining in mainstream DeFi applications such as Aave, bringing greater liquidity and capital efficiency to investors.
About DePlutus Protocol
DePlutus, founded in 2020, is a decentralized social trading asset management protocol, enabling asset managers and crypto investors to enjoy the latest DeFi innovations and generate premium profits for blockchain users around the world. By offering a wide range of investment options as well as battle-tested trading tools, it empowers investors to easily manage crypto portfolios and maximize profits in a challenging DeFi marketplace.
Avalanche is the fastest smart contracts platform in the blockchain industry, as measured by time-to-finality, and has the most validators securing its activity of any proof-of-stake protocol.