Plutos Network partners with Larix to launch synthetic asset lending services

Plutos Network is a Multi-chain DeFi synthetic hub, gladly announces its collaboration with Larix, the Lending Gateway of Solana. The two teams will work together to bring new values to Solana ecology and the DeFi synthetic market.

Plutos Network will officially launch the main-net product at the end of September, after which Plutos Network will initiate its migration to Solana for better scalability, faster and secure transactions. Equally, Larix will launch on the main-net by the end of August, after which, the Larix team will offer both Phase I and Phase II products. In Phase II, synthetic assets lending will be enabled when users can lend and borrow synthetic assets by using the Larix product.

In order to deliver this exciting milestone, the two projects intend to:

• Have core developers from both teams form a combined engineering team to undertake technical integration;
• The two teams will work on the list of first-batch synthetic assets to be available in Larix Phase II product;
• The Plutos team will be providing technical support for issuance of pertaining synthetic assets available on Larix Phase II.

“While DeFi is making firm development in terms of product variety, total value locked and application scenarios, the DeFi synthetic market is showcasing more and more potential of fast growth. We are excited to work with Larix to make things happen, things that will be of great value in the long run. ”

Juan Capilla, CEO Plutos Network

About Project Larix

Larix is the ultimate lending gateway on Solana, adopting a dynamic interest rate model and creating more capital-efficient risk management pools, as such a broad selection of collateral types, cryptocurrencies, stablecoins, synthetic assets, NFTs, and asset-backed securities (account receivables, invoices, mortgages, etc.) can be fully utilized in a safe way. Furthermore, the rewarding system based on a delicately designed token economy enables continuous incentive allocation to boost demands. All VALUABLE assets could be accepted by Larix.

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About Plutos Network

Plutos Network is a multi-chain synthetic issuance & derivative trading platform which introduces mining incentives and staking rewards to users. By integrating blockchains such as Solana, Polkadot, and BSC, enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance and trading services for a wide range of synthetic products which are sustainable, profitable, and disruptive to the traditional derivative market.

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