Plutos Network partners with Razor to bring decentralized data feeds to the platform and explore the integration of Solana
Plutos Network announces a key partnership with Razor that will enable highly secure and robust real-time world data feeds facilitating synthetics trading. In doing so, Plutos Network will be able to offer users price advantages in trading, a higher degree of reliability, alongside an advanced user experience.
Plutos Network is a next-generation cross-chain synthetic issuance & derivative trading platform which provides users with mining incentives and staking rewards. In integrating the best-in-class blockchains available to market; Polkadot, BSC, and Solana, and enabling on-chain and cross-chain liquidity and trading, Plutos Network is to offer users synthetic issuance of assets and trading services for a wide range of synthetic products that are disruptive to the traditional derivative market.
Razor Integration
- The Razor Network provides real-time price feeds for Plutos Network’s marketplace, allowing users to issue and trade synthetics including swaps, options, contracts, commodities at faster speeds, and more accurate pricing.
- Highly reliable and secure real-time data feeds are upheld with Razor’s decentralized and blockchain agnostic oracle network. This represents a pivotal addition for the Plutos Network to ensure the highest level of data communication between the Polkadot sub-parachain, Solana and BSC.
- Razor will provide onion technical support and work with Plutos to expand the technical integration to the Solana ecosystem. The two teams will explore how to ensure scalability and composability during data feeding in synthetic assets issuance and trading, as well as bringing new values to DeFi as a solution to Ethereum’s bottlenecks.
The technical integration of Razor’s advanced feedings into Plutos platform can be seen as a “go-to-solution” that solved major difficulties facing the synthetic market such as lack of user accessibility, scalability of current solutions, user experience all at a lower cost.
“The collaboration between Razor and Plutos could usher in a technical breakthrough to current limitations existing in Open Finance. A strong trading system such as Plutos will need solid and real-time data feeding, which Razor is the perfect solution in the market. ” — Juan Capilla, CEO of Plutos Network
Plutos Network
Plutos Network is a cross-chain synthetic issuance & derivative trading platform which introduces mining incentives and Staking rewards to users. By integrating Blockchains such as Polkadot, BSC, and Solana, 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.
About Razor Network
Razor Network is a decentralized Oracle network, which provides secure and reliable real-world data feeds for various blockchain-based applications and services, such as Decentralized Finance, Identity, Insurance, Prediction Markets, and so on. Razor’s performance is superior and more secure than traditional centralized oracle services, as Razor relies on a network of Validators for verifying data authenticity and ensures maximum game theoretical security. Moreover, Razor is blockchain agnostic, and can be easily integrated by developers working on a range of blockchain networks.
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