• About
  • FAQ
  • Landing Page
  • Buy JNews
Newsletter
Crypto News
Advertisement
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
  • Home
    • Home – Layout 1
    • Home – Layout 2
    • Home – Layout 3
  • Bitcoin
  • Ethereum
  • Regulation
  • Market
  • Blockchain
  • Business
  • Guide
  • Contact Us
No Result
View All Result
Crypto News
No Result
View All Result

Everything You Need To Know About Plasma Finance

by
December 17, 2020
in Uncategorized
0
Everything You Need To Know About Plasma Finance
189
SHARES
1.5k
VIEWS
Share on FacebookShare on Twitter

PlasmaPay introduces Plasma Finance, which is a DeFi dashboard that provides a common platform for all the popular DeFi protocols from multiple blockchains. It helps the user to manage their portfolio using a single interface. The platform aims to democratize the DeFi landscape and work towards reducing the complexity so that it can be within the reach of all user groups.

The Plasma Finance platform acts as a bridge between DeFi markets and users and provides them a facility to use fiat on- and off-ramp services across the world. Users can send, exchange, request payments, deposit, and withdraw digital assets using their bank accounts or credit cards.

Protocol Supported by Plasma Finance

Plasma Finance currently supports these below protocols:

Related articles

DOGE literally to the moon? Elon Musk teases lunar Starship test

March 3, 2021

New staking and governance features back Ocean Protocol’s 40% rally

March 3, 2021
  • Plasma Swap
  • Pancake
  • YFI
  • Curve
  • Uniswap
  • Mooniswap
  • Sushiswap
  • Balancer
Plasma Finance Features

Below are the various features supported by the Plasma Finance platform:

  • Swap
  • Cross-chain swap
  • Saving account
  • Liquidity pools
  • Market overview
  • Governance
  • Portfolio management
  • Onboarding
  • Borrow
  • Claim PPAY token
PPAY Token

PlasmaPay (PPAY) is the native token of the Plasma Finance ecosystem. PPAY token holders can participate in the governance voting system, stake their tokens and earn rewards, and much more.

Plasma. Finance

You can get the PPAY token from Uniswap or the Plasma Finance platform using the Swap activity.

Usage Guide

To use the Plasma Finance dashboard, go to the page.

The landing page looks like this.

Plasma. Finance

Click on Launch App to access the application.

Plasma. Finance

Connect Wallet

Plasma Finance allows the users to connect with the platform using three popular wallets.

Plasma. Finance

Connect with your desired wallet.

Market

By default, after wallet connection, the user is landed on the Market page.

Plasma. Finance

The page lists the tokens supported by Plasma Finance that users can buy.

To buy any token, just click on it. The platform offers four methods which you can use to buy a token.

  • Credit card
  • European bank
  • Ethereum wallet
  • Swap
Plasma. Finance
Credit Card

Click on this option if you want to buy a token using your credit card.

Enter the amount you want to spend on buying. The application will automatically fill in your wallet address. It will also calculate the approximate token amount that you will receive depending upon the best available rate.

The user is now required to fill in their details (email, phone number).

Plasma. Finance

Kindly note that you can also create an Ethereum wallet using PlasmaPay wallet if you do not have a Ethereum wallet.

Confirm the process by providing your card details. We have noticed that the application is taking too much time to process the request.

Ethereum Wallet

You can share your public address with other users to receive any ERC-20 tokens.

Plasma. Finance

Swap

Using this feature, you can swap one token into another.

Plasma. Finance

Confirm the Swap activity. It will trigger a MetaMask transaction, and once the transaction is successful, you can see the tokens in your wallet.

Plasma. Finance

Liquidity Pool

Users can add liquidity to an existing pool in Plasma Finance.

To add liquidity, you just need to select the token pair. Enter the amount of one token and the application will automatically calculate the amount of the other token.

Plasma. Finance

If the user is using the token pair for the first time, they need to approve the pair before supplying it to the pool.

Click on Supply, and the page will show you the pool token you will receive after confirmation.

Plasma. Finance

Confirm the MetaMask transaction. You can now see the details of the liquidity pools in which you have added liquidity through the My Pools section.

Plasma. Finance

Remove Liquidity

Users can remove the liquidity from a pool and free their tokens whenever they want.

Enter the amount/percentage of liquidity you want to remove, and the application will show you the amount of tokens you will get after removal from a pool.

Plasma. Finance

Confirm the MetaMask transaction. The tokens will be released and added to your wallet.

Saving

The Saving feature allows you to deposit DAI/USDT/USDC and earn interest on the deposit.

Plasma. Finance

To make a deposit, click on your desired token.

Enter the amount of token you wish to deposit.

Plasma. Finance

Click on Deposit and confirm the MetaMask transaction.

Conclusion

Plasma Finance is a very innovative and powerful project. The platform is supported by many top protocols. It offers many attractive features to all user groups, ranging from a simple and easy-to-use dashboard for the new users to the advanced financial tools to control complex crypto portfolios for the experienced investor. The PlasmaPay wallet is integrated with various exchanges and an external service provider that allows the users to buy/sell crypto using their bank accounts, credit card, and much more.

We will discuss the PlasmaPay Wallet in more detail in our next article.

Resources: Plasma Finance website

Read More: Switcheo Network – Understand How To Stake SWTH Token

The post Everything You Need To Know About Plasma Finance appeared first on Altcoin Buzz.

Share76Tweet47

Related Posts

DOGE literally to the moon? Elon Musk teases lunar Starship test

by
March 3, 2021
0

None of the twelve people to ever reach the lunar surface have reportedly carried any currency with them. Heavily pumped...

New staking and governance features back Ocean Protocol’s 40% rally

by
March 3, 2021
0

Ocean Protocol’s new governance features and the ability to yield farm OCEAN tokens are improving the fundamentals of the decentralized...

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could

by
March 3, 2021
0

The creator of the notorious stock-to-flow model (S2F), Plan B has recently detailed that the price of bitcoin has surpassed...

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

by
March 3, 2021
0

Multiple data points show investors are strongly bullish on Ethereum price even after ETH’s recent 36% correction below $1,300. On...

Time To Be Careful: Why Traders Are Cautious On Bitcoin Right Now

Time To Be Careful: Why Traders Are Cautious On Bitcoin Right Now

by
March 3, 2021
0

Bitcoin price is back above $50,000 after a short-lived correction in the range below the key level. However, since the...

Load More
  • Trending
  • Comments
  • Latest
Grayscale CEO outlines 6 themes that will shape crypto market in 2021

Grayscale CEO outlines 6 themes that will shape crypto market in 2021

January 20, 2021
GrayScale Reopens ETHE Buying

GrayScale Reopens ETHE Buying

February 1, 2021
Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

Grayscale Investments Buys more ETH as Ethereum Price Shoots to New All-Time High of over $1550

February 3, 2021
Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

Grayscale’s Crypto Assets Under Management Soar Past $30 Billion — ‘Institutions Are Here’

February 6, 2021

DOGE literally to the moon? Elon Musk teases lunar Starship test

0

China Is Reportedly Moving To Clamp Down On Bitcoin Miners

0

Inside the Chinese Bitcoin Mine That’s Grossing $1.5M a Month

0

All You Need to Know About This Whole SegWit vs. SegWit2x Thing

0

DOGE literally to the moon? Elon Musk teases lunar Starship test

March 3, 2021

New staking and governance features back Ocean Protocol’s 40% rally

March 3, 2021

Bitcoin to Reach $100K to $288K in 2021? Stock-to-Flow Models Suggest It Could

March 3, 2021

3 key Ethereum price metrics show pro traders are aiming for $2K ETH

March 3, 2021
Crypto News

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc. Check our landing page for details.

Categories tes

  • Aave (AAVE)
  • Abra
  • altcoin
  • Altcoin News
  • altcoins
  • Altseason
  • Basic Attention Token (BAT)
  • Binance
  • Binance (BNB) News
  • Binance Coin (BNB)
  • Binance Ecosystem
  • Binance Smart Chain
  • Binance Smart Chain (BSC)
  • bitcoin
  • Bitcoin
  • Bitcoin (BTC) Adoption
  • Bitcoin (BTC) General News
  • Bitcoin (BTC) News
  • Bitcoin (BTC) Predictions
  • Bitcoin Cash (BCH)
  • Bitcoin Cash (BCH) General News
  • Bitcoin dominance
  • Bitcoin Futures
  • Bitcoin Miners
  • bitcoin network
  • Bitcoin Options
  • Bitcoin price
  • Bitcoin SV (BSV)
  • Bitfinex
  • BitGo
  • Bitstamp
  • Bittrex
  • Blockchain
  • Blockchain News
  • bloomberg
  • Brad Garlinghouse
  • Business
  • Cameron Winklevoss
  • Cardano (ADA)
  • ChainLink
  • ChainLink (LINK)
  • Chainlink (LINK) News
  • Chainlink Community
  • Chainlink Price Prediction
  • Changpeng Zhao
  • charlie lee
  • CME Ethereum Futures
  • CME Group
  • coinbase
  • Coinmarketcap
  • Consensys
  • Craig Wright
  • Crypto Exchanges
  • cryptocurrency
  • Dash (DASH)
  • DeFi
  • DeFi Pulse
  • Deribit
  • Dogecoin (DOGE)
  • Electric Coin Company
  • Elon Musk
  • ETH 2.0
  • ETH2.0
  • Ethereum
  • Ethereum (ETH)
  • Ethereum (ETH) News
  • Ethereum 2.0
  • Ethereum Classic (ETC)
  • Ethereum Fees
  • Ethereum Futures
  • Ethereum Miners
  • Ethereum Network
  • ethereum price
  • Ethereum price analysis
  • Ethereum Staking
  • Ethereum Upgrade
  • Ethereum Upgrades
  • Flare Networks
  • Flare Networks Snapshot
  • Gemini
  • google
  • Grayscale
  • Grayscale Bitcoin Trust (GBTC)
  • Grayscale Ethereum Trust (ETHE)
  • Grayscale Investments
  • Guide
  • Guides
  • Huobi
  • Institutional Investors
  • jack dorsey
  • Jay Z
  • justin sun
  • JustSwap
  • LINK Marines
  • Litecoin
  • Litecoin (LTC)
  • Litecoin (LTC) News
  • Litecoin Development
  • litecoin foundation
  • Litecoin MimbleWimble
  • Market
  • Michael Saylor
  • MicroStrategy
  • MimbleWimble
  • Mining
  • Monero (XMR)
  • News
  • NFT
  • NFTs
  • Non-Fungible Tokens
  • OKECoin
  • Other
  • Pantera Capital
  • Polkadot (DOT)
  • Polkadot Price Analysis
  • Poloniex
  • Prices
  • Regulation
  • ripple
  • Ripple
  • Scams and Hacks
  • sec
  • Securities and Exchange Commission
  • Spark Token (FLR)
  • Spark Token Airdrop
  • Spark Tokens (FLR)
  • Square
  • SushiSwap (SUSHI)
  • Tesla
  • Tether (USDT)
  • tether bitfinex lawsuit
  • Tron (TRX)
  • TRON (TRX) News
  • Tron Foundation
  • Twitter
  • Tyler Winklevoss
  • Uniswap
  • UniSwap (UNI)
  • Wallets and Exchanges
  • WallStreetBets
  • Weiss Ratings
  • Wrapped Bitcoin (WBTC)
  • XRP
  • XRP News
  • XRP Price Prediction
  • Yearn Finance (YFI)
  • Zcash (ZEC)
  • ZCash Halving
  • Zeus Capital
  • Zilliqa (ZIL)
  • Zilliqa (ZIL) News
  • Zilliqa Staking

Tags

Altcoin Bitcoin drops Bitcoin Wallet Cointelegraph Cryptocurrency ICO Investment Lending Market Stories Mining Bitcoin

Newsletter

[mc4wp_form]

  • About
  • FAQ
  • Support Forum
  • Landing Page
  • Buy JNews
  • Contact Us

© 2017 JNews - Crafted with love by Jegtheme.

No Result
View All Result
  • Contact Us
  • Homepages
  • Business
  • Guide

© 2018 JNews by Jegtheme.