PlutoPluto Paper
Pluto is an innovative reserve currency design. It is a financial instrument resistant to bear markets that provides long-term and planned growth in the market price of an asset.TreasuryThe main metric of the protocol is the growth of the collateral value of each PLUTO token. The collateral is implemented by the Treasury, where parameters are controlled by voting, and can also change automatically depending on market figures. The mathematical model of Pluto is mostly focused on Treasury growt...
PlutoPluto Master Plan
PLUTO is a reserve currency that combines DeFi mechanics into a unique model allowing for sustainable storage of funds on the blockchain. At their core, reserve currencies are stablecoins rivals that offer a predictable growth model and stable income with staking. Pluto Protocol has been launched in Summer 2022 and it has already managed to prove its functionality: almost 1 million tokens issued, x2.5 price growth since launch, all while offering 80 to 120% staking APY. At the same time, the ...
PlutoPROPOSAL: Add WAVES token to boost Pluto treasury and support the Waves ecosystem
Pluto Protocol was designed to safely work as a universal investment during the bear market. More than $1M worth of stablecoins have been added to the Pluto treasury since launch, issuing 700,000 PLUTO tokens. As a treasury-based reserve currency, Pluto aims to support the Waves ecosystem development and expand the DeFi investment possibilities for users. This proposal recommends an algorithm update to allow PLUTO minting with WAVES tokens without significant risks to the treasury. This updat...
Reserve currency built on the Waves blockchain
PlutoPluto Paper
Pluto is an innovative reserve currency design. It is a financial instrument resistant to bear markets that provides long-term and planned growth in the market price of an asset.TreasuryThe main metric of the protocol is the growth of the collateral value of each PLUTO token. The collateral is implemented by the Treasury, where parameters are controlled by voting, and can also change automatically depending on market figures. The mathematical model of Pluto is mostly focused on Treasury growt...
PlutoPluto Master Plan
PLUTO is a reserve currency that combines DeFi mechanics into a unique model allowing for sustainable storage of funds on the blockchain. At their core, reserve currencies are stablecoins rivals that offer a predictable growth model and stable income with staking. Pluto Protocol has been launched in Summer 2022 and it has already managed to prove its functionality: almost 1 million tokens issued, x2.5 price growth since launch, all while offering 80 to 120% staking APY. At the same time, the ...
PlutoPROPOSAL: Add WAVES token to boost Pluto treasury and support the Waves ecosystem
Pluto Protocol was designed to safely work as a universal investment during the bear market. More than $1M worth of stablecoins have been added to the Pluto treasury since launch, issuing 700,000 PLUTO tokens. As a treasury-based reserve currency, Pluto aims to support the Waves ecosystem development and expand the DeFi investment possibilities for users. This proposal recommends an algorithm update to allow PLUTO minting with WAVES tokens without significant risks to the treasury. This updat...
Reserve currency built on the Waves blockchain
Share Dialog
Share Dialog
Subscribe to Pluto
Subscribe to Pluto
<100 subscribers
<100 subscribers
This article covers the process of launching and placing in orbit the Pluto reserve currency, a DeFi-innovation on Waves blockchain. You can read more about its mechanics in the White Paper.
Launching the protocol implies the need for initial Treasury in order to establish the basic Backed Price. The Treasury will be raised by means of PLUTO pre-sale, the so-called minting operation. The optimal size of the initial Treasury is 1 million USDN.
Estimate: July 7-13
The launched Protocol will include the following features:
PLUTO Onboarding implemented by accepting one of the initial 4 tokens into the Treasury (Vires USDC LP, Vires USDT LP, USDN, Pluto Megapool LP)
PLUTO Staking
Price control mechanism to keep it within max Price and min Price corridor
Estimate: July 14-20
Extending the Protocol’s feature set:
launching DAO for voting implementation to govern the list of supported tokens
enabling controls of Protocol parameters (e.g. max staking rate, max growth factor, onboarding parameters, etc.)
Estimate: August
Several ideas for optimizing the PLUTO mathematical model will be presented. Their implementation and adjustment will be controlled by the DAO. The Protocol’s Treasury rebalancing will also be conducted by the DAO.
Estimate: September
…
This Roadmap is a short-term action plan - a strategy for developing the Pluto protocol from the MVP stage to a full-featured advanced DeFi product.
This plan will result in further development strategy, which may include gamification or other strategic milestones.
Follow updates in the Telegram chat and stay tuned!
This article covers the process of launching and placing in orbit the Pluto reserve currency, a DeFi-innovation on Waves blockchain. You can read more about its mechanics in the White Paper.
Launching the protocol implies the need for initial Treasury in order to establish the basic Backed Price. The Treasury will be raised by means of PLUTO pre-sale, the so-called minting operation. The optimal size of the initial Treasury is 1 million USDN.
Estimate: July 7-13
The launched Protocol will include the following features:
PLUTO Onboarding implemented by accepting one of the initial 4 tokens into the Treasury (Vires USDC LP, Vires USDT LP, USDN, Pluto Megapool LP)
PLUTO Staking
Price control mechanism to keep it within max Price and min Price corridor
Estimate: July 14-20
Extending the Protocol’s feature set:
launching DAO for voting implementation to govern the list of supported tokens
enabling controls of Protocol parameters (e.g. max staking rate, max growth factor, onboarding parameters, etc.)
Estimate: August
Several ideas for optimizing the PLUTO mathematical model will be presented. Their implementation and adjustment will be controlled by the DAO. The Protocol’s Treasury rebalancing will also be conducted by the DAO.
Estimate: September
…
This Roadmap is a short-term action plan - a strategy for developing the Pluto protocol from the MVP stage to a full-featured advanced DeFi product.
This plan will result in further development strategy, which may include gamification or other strategic milestones.
Follow updates in the Telegram chat and stay tuned!
No activity yet