Plethori Pledges to Build Polkadot Version of Its ETF Trading System on PolkaFoundry

PolkaFoundry is pleased to announce a partnership with the Plethori Protocol to bring the full advantages of Polkadot’s interoperable and scalable infrastructure to decentralized exchange traded funds (ETFs). Leveraging PolkaFoundry’s infrastructure solutions and Plethori’s decentralized cross-chain ETF Investment Platform, investors can invest in novel ETFs and create their own bespoke ETFs with all the advantages of layer 2 solutions including cross-chain trading, ultra low transaction fees, fast trading and high security across the Polkadot and Ethereum ecosystems. Partnership benefits include:

  • Plethori will build the Polkadot version of its decentralized cross-chain investment platform on PolkaFoundry to bring PolkaFoundry’s user-friendly environment including UX-enabling and DeFi-friendly solutions to Plethori investors.
  • PolkaFoundry will be included in the first Plethori trustless ETF, alongside Polis, Kylin and other platforms, expanding its investor base through Plethori’s ETF investment universe.
  • Plethori users will enjoy seamless trading across the cross-chain ETF investment platform supported by PolkaFoundry’s user friendly features — including UX, identity management and DeFi features — across a user-optimized, interoperable environment.

Building on PolkaFoundry’s one-stop production hub for DeFi and NFT applications, Plethori will bring seamless cross-chain functionality across the Ethereum and Polkadot ecosystems to ETF trading. PolkaFoundry’ user-centric UX and advanced onboarding and identity management are a few of the many DeFi-enabling solutions that will allow investors to trade a wide range of ETF tokens across different chain ecosystems without the complex procedures and frictions caused by incompatibilities.

With these pain points removed, investors can take full advantage of borderless investing on the Plethori ETF platform. Investors can invest in a wide range of ETF themes and create their own fully decentralized ETFs. With PolkaFoundry development support for a user-centric cross-chain interface, investors can easily stake collateral to create ETFs with customizable parameters and publish their own ETFs for trading on the community platform. As token holders, they earn a share of the profits from transaction fees, as well as NTF perks as top performing funds move up the leaderboard rankings.

Through the Plethori ecosystem, PolkaFoundry will expand its investor base to the high growth crypto ETF universe. PolkaFoundry will be a component of Plethori’s first flagship ETF, alongside other leading Polkadot protocols. Furthermore, Plethori users will be incentivized to stake the tokens of partner projects through a higher staking APY.

The PolkaFoundry-Plethori partnership is an example of how Layer 2 platforms built on Substrate — the flexible framework providing the modular building blocks to develop scalable blockchains — are bringing new unparalleled functionality to DeFi. With the limits of scalability, siloed systems, and failure of centralized systems removed, ETF investors can take full advantage of a fast, interchain trading environment.

ABOUT PLETHORI

Plethori is a Cryptocurrency ETF Investment Platform that allows open trading and creation of trustless ETFs by utilizing blockchain technology and layer 2 solutions. The platform offers decentralized cross-chain investment for exchange-traded funds built on the Ethereum and Polkadot blockchains. This service will allow investors to deposit capital and invest in a wide range of ETFs enabling investment into entire cryptocurrency industries such as insurance, oracles, NFTs, derivatives, Polkadot ecosystem projects and many more.

ABOUT POLKAFOUNDRY

PolkaFoundry is a platform for building borderless and frictionless DeFi dApps on Polkadot. It aims to be the one-stop production hub for DeFi dApps with all the necessary features, services, integrations, and tools for DeFi experiments, innovations, and real-world solutions. Taking advantage of the interoperability and scalability of Polkadot as well as integrating many DeFi-friendly services into the platform, PolkaFoundry also provides UX-enabling features that make dApps as easy to use as normal applications and bring dApps to the masses.

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