This article covers the process of launching and placing in orbit the Pluto reserve currency, a DeFi-innovation on Waves blockchain. You can read more about its mechanics in the White Paper.

1. PLUTO Minting

Launching the protocol implies the need for initial Treasury in order to establish the basic Backed Price. The Treasury will be raised by means of PLUTO pre-sale, the so-called minting operation. The optimal size of the initial Treasury is 1 million USDN.

Estimate: July 7-13

2. PLUTO Protocol Launch

The launched Protocol will include the following features:

• PLUTO Onboarding implemented by accepting one of the initial 4 tokens into the Treasury (Vires USDC LP, Vires USDT LP, USDN, Pluto Megapool LP)
• PLUTO Staking
• Price control mechanism to keep it within max Price and min Price corridor

Estimate: July 14-20

3. PLUTO DAO

Extending the Protocol’s feature set:

• launching DAO for voting implementation to govern the list of supported tokens
• enabling controls of Protocol parameters (e.g. max staking rate, max growth factor, onboarding parameters, etc.)

Estimate: August

4. PLUTO Rebalancing

Several ideas for optimizing the PLUTO mathematical model will be presented. Their implementation and adjustment will be controlled by the DAO.
The Protocol’s Treasury rebalancing will also be conducted by the DAO.

Estimate: September

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This Roadmap is a short-term action plan - a strategy for developing the Pluto protocol from the MVP stage to a full-featured advanced DeFi product.

This plan will result in further development strategy, which may include gamification or other strategic milestones.

Follow updates in the Telegram chat and stay tuned!