The use of Polkadot Layer 2 solution based projects grows, as London, UK based digital assets firm Plethori plans to offer Ethereum/Polkadot powered Exchange Traded Funds (ETFs.) Plethora aims to amalgamate crypto investment opportunies into a single platform, offering more inclusive access to NFT, Insurance, and Oracle sector investment.
Investment opportunities abound in the crypto space. Said investment opportunities are only likely to proliferate as more retail, and incumbent financial industry players begin to file into (pocket-wise) the nascent asset class. Plethori plan to organize these investment opportunities into a single smart contract based platform, which allows investors to execute wealth augmenting transactions from a single platform.
Seeking to amalgamate typically disjointed investment opportunities available in crypto, through a Defi platform that enable more sophisticated users to interact with the sector, Plethori offer access to investment across a range of digital asset industry sectors, Insurance, NFTs, Oracles, Derivatives, Polkadot blockchain ecosystem projects, and a plethora of other options. The firm intends to utilize blockchain and layer 2 solutions to deliver trustless ETF investment through its $PLE token.
The Cross-Chain project recently inked a partnership deal with Defi insurance aggregator, Shield Finance, which will incorporate its Market Crash Protection technology into the Plethori ecosystem. This means that $PLE token holders will enjoy protection from unexpected market crashes.
Making the most of blockchain interoperability, the Plethora ecosystem will soon launch on the Optimism layer 2 solution. This will
give users low fees, and quicker trade execution, backed by high levels of security. The platform will also enable investors to try their hand at being an investment banker, allowing for the creation of custom ETF‘s which will entitle their creator to a percentage of trading fees.
“Plethori is bringing an era of financial inclusiveness through its cross-chain investment platform that offers several investment opportunities via Defi to one and all. Their interoperable platform allows for seamless trading between the Ethereum and Polkadot ecosystems.”
