Ankr has already entered the world of decentralized finance by integrating and partnering with some notable players in the space such as Compound, ThorChain and Ferrum Network. Today we proudly announce our collaboration with DeFi aggregator PlutusDeFi, who are building solutions for lowering the entry barrier to the world of decentralized finance.
What is PlutusDeFi?
PlutusDeFi is a full stack DeFi platform that provides aggregation of various decentralised finance solutions under a single platform. Their flagship product ‘Lend & Earn’ integrates with the Compound and dYdX protocols across multiple currencies while focusing on vital functions to maintain privacy of its users, by combining on-chain and off-chain privacy elements.
They are one of the first DeFi platforms with a native token which encapsulates the value derived on the platform through a utility token mechanism.
PlutusDeFi believe in bringing DeFi projects to implement an open, transparent governance system, by providing an interconnected way of doing governance together.
This is why PlutusDeFi will also use any stake-holder allocated assets provided to PlutusDeFi by protocols like Compound, BZX Network, Curve and others, and allow PlutusDeFi users to influence in other projects’ proposals using the PlutusDeFi stake. Users can also delegate their voting rights to the PlutusDeFi address in order to combine voting power and weighting.
How will this collaboration benefit Ankr and PlutusDefi?
PlutusDeFi will use Ankr’s infrastructure to decentralize several of their future builds including moving their on-chain Ethereum validation nodes to Ankr and the roll out of our one-click node deployment in a future release of the staking campaign, to provide users incentives for locking their PLT token holdings.
As PlutusDeFi has opted for a DPoS infrastructure within it’s governance system, we will enable users to easily deploy DPoS nodes on our platform, enabling users to run their own staking nodes.
Our one-click node deployment will allow for users to very easily start nodes, in order to participate in governance votes across the platform, or participate in ‘solidarity voting actions’, by combining the PLT’ company stake within other projects to be deployed into external governance actions.
Ankr bridges the gap between democratic participation and technology barriers for simple users by allowing a wider periphery of users from various levels of experience to participate in governance without being deterred by obstacles such as not understanding how to code and deploy blockchain nodes.
Useful links
- PlutusDefi official website
- PlutusDefi Lend & Earn application
- PlutusDefi documentation
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