DePlutus Protocol Partners with Ploy Network for Secure Cross-chain Solution
(New York, June 8th, 2021) DePlutus, the next-generation DeFi asset management protocol, announces a strategic partnership with Poly Network for a reliable and efficient asset cross-chain solution. Through the underlying cross-chain technical support from Poly Network, DePlutus will realize cross-chain intercommunication in Ethereum, BSC, and Heco networks, enabling cross-chain transactions.
Andrew Shi, project head of DePlutus Protocol, said, “both asset management and cross-chain protocols are key infrastructures in today’s blockchain and DeFi ecosystems. We will demonstrate our distinctive values as DeFi evolves at a fast pace. The partnership will bring benefits to our on-chain fund investors as well as token holders by supporting the DePlutus Protocol to be well-positioned in the asset management sector on various blockchains. We are looking forward to deepening our cooperation to unveil new possibility in DeFi asset management category.”
In addition, with the support of Poly Network, DePlutus Protocol is able to smoothly conduct cross-chain operations, where our crypto asset PLUT tokens can be easily bridged from Ethereum to BSC and Heco. The innovative solution provides a one-click operation to enable crypto asset to convert chains.
Already deployed on Ethereum and BSC, the DePlutus Protocol is an innovative DeFi 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 and traded, as well as 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.
About Poly Network
Poly Network is an interoperability protocol for heterogeneous blockchains. It has a wide range of support across a lot of blockchains as a result of how easy it is to join in. Based on cryptography, Poly Networks add an extra layer of complex security mechanisms that makes cross-chain transactions extra secure.
Poly Network has implemented interoperability with 10 heterogeneous chains including Bitcoin, Ethereum, Neo, Ontology, BSC, Heco, OKExChain, Elrond, Zilliqa and Cosmos-SDK. Since the launch, the protocol has enabled cross-chain asset transfer of nearly 5.3 billion U.S. dollars involving more than 125K addresses on different blockchains.