V1.0 User Doc - Guidelines & Tutorial
Plutos Network Synthetic System V1.0 User Doc
I. Preface
1.1 Project Name: Plutos Network Synthetic System V1.0
1.2 Purpose of User Doc
This User Doc is mainly for the introduction of user guidelines and tutorial for Plutos Network Synthetic System V1.0. Target audience: project management crew, platform users.
II. Function Abstract
2.1 Function Structure
Plutos Network Synthetic System V1.0 is composed of several main modules including "Home", "Bridge", "Vault", "Liquidate", "Farm", "Reward" and "Connect Wallet" etc, as per the following diagram:
III. Function Descriptions
Step-1: Visit https://app.plutos.network/​
Step-2: Connect your wallet when visiting the Dapp page (See "Connect Wallet")
Step-3: After connecting your wallet, you can operate various functions including "Bridge" (See "Bridge"), "Vault" (See "Vault"), "Liquidate" (See "Liquidate"), "Farm" (See "Farm"), "Reward" (See "Reward") etc.
3.1 Connect Wallet
3.1.1 Function Description
When using Plutos Network Synthetic System V1.0, you are required to use wallets. Wallets supported by the System include: MetaMask, WalletConnect, TrustWallet, Trezor and hardware wallet Ledger.
3.1.2 For users who have NOT installed/downloaded wallets
When visiting https://app.plutos.network/ , click "Connect Wallet", a pop-up window will display all the supported wallets and you can choose one to connect. If you don't have a wallet, you will need to set up a new one according to the instructions of the specific wallet.
(MetaMask: https://metamask.io/ ; WalletConnect: can log-in and connect by scanning the QR code of any type of mobile wallet App; TrustWallet: can be downloaded in any App Store, can be connected by any type of wallet app or MetaMask)
3.1.3 For users who have installed/downloaded wallets
When visiting https://app.plutos.network/ , click "Connect Wallet", a pop-up window will display all the supported wallets and you can choose one to connect.
1) MetaMask browser plug-in wallet. You can type in password, log in and connect. After connecting, you will see the wallet information.
2) WalletConnect
PC browser: you can connect by scanning the QR codes in the interface by using any mobile wallet App that you use. Wallet address and information will be displayed after connecting. (V1.0 can only be connected via QR code scanning, and can't be connected via its desktop terminal.)
3) Select TrustWallet which supports MetaMask connection
β‘  If you installed MetaMask plug-in already, the connection will automate. If you have not added Binance Smart Chain, the App will automate the connection of your MetaMask wallet into Binance Smart Chain.
β‘‘ If you have not yet installed MetaMask, please follow MetaMask's instructions to download and setup the MetaMask plug-in. Then please follow β‘  to connect to your MetaMask wallet.
3.1.4 Wallet Connected
Visit https://app.plutos.network/, click "Connect Wallet" and select one wallet to connect.
Now, "Connect Wallet" will be a combination of connected wallet address and the connected network: Ethereum, Binance Smart Chain. Example:
When you click on the above Button, you will be able to disconnect wallet/change network.
3.2 Home
Home page is for general introduction of the product:
1) Product Introduction
2) Main function introduction, including "Bridge", "Vault", "Farm"
3.3 Bridge
1) Considering that Plutos Network has already issued PLUT token in Binance Smart Chain, while the functions such as "Vault", "Liquidate" and "Farm" can only be enabled on Ethereum during this phase, to meet the needs of users to swap tokens between BSC and ETH, the "Bridge" module acts as the Bi-directional token swap bridge. (Use of the bridge will incur some transaction fee. )
    1.
    Users transfer BEP20 PLUT tokens to Ethereum;
    2.
    Users transfer Ethereum PLUT tokens back to BSC.
2) For using the "Bridge" module, users can check "Use MetaMask for BSC" for user guidelines to connect the wallet and use BSC.
3) For the test-net "Bridge", to facilitate users to test the product, after users connect their wallets, they will be able to claim test-net PLUT tokens via the "Testnet Faucet" button. The testnet PLUT token smart contract is consistent to the previous one and redeemable by using the PLUT testnet bridge to swap into BEP20 PLUT tokens (https://testnetbridge.plutos.network/). NOTE: One address can ONLY claim once, with maximum of 1,000 testnet PLUT tokens for testing the product.
4) Input amount to swap
Users can input the amount to swap in the amount box. (integral numbers or numbers with 6 decimals)
5) When users use the "Bridge" for the first time, they will need to "Approve" their wallets in "Bridge", "Vault" and "Farm". "Approve" is to enable the smart contract to get access to certain assets in users' wallets. Then, users can proceed and operate further. If user denies "Approve", then she/he can't proceed further.
3.4 Vault
3.4.1 Deposit
1) Deposit certain amount of PLUT tokens as collaterals to borrow pUSD.
2) Input box to enter amount
Users can input the amount to deposit in the amount box. (integral numbers or numbers with 6 decimals)
3.4.1 Borrow
1) Based on the amount of PLUT tokens deposited, according to the max C-ratio of 400%, amount of stablecoin pUSD that one user can borrow will be confirmed. (Example: When depositing $PLUT with price of $1 per token, User A deposited 10,000 PLUT tokens, then she/he can borrow up to 2,500 pUSD the maximum. )
2) Input box to enter amount
Users can input the amount to borrow in the amount box. (integral numbers or numbers with 6 decimals)
3.4.3 Withdraw
1) Users can withdraw and claim back the deposited PLUT tokens. (Example: if PLUT price is $1, when User A deposited 10,000 PLUT tokens and borrowed 2,000 pUSD; default C-ratio is 400%, so when User A borrows 2,000 pUSD, then she/he will need to deposit 8,000 PLUT tokens. She/he can withdraw and claim back the extra 2,000 PLUT tokens. )
2) Input box to enter amount
Users can input the amount to withdraw in the amount box. (integral numbers or numbers with 6 decimals)
3.4.4 Repay
User can repay their debts when borrowing pUSD, otherwise, when the C-ratio is <150%, her/his deposited assets will be liquidated by force, entering the "Liquidate" list.
The system provides two ways of repaying:
1) Users can continue to deposit more PLUT tokens to balance the collateral and borrowed pUSD;
2) Users can return partial/all borrowed pUSD to balance the collateral and borrowed pUSD;
Input box to enter amount
Users can input the amount to repay in the amount box. (integral numbers or numbers with 6 decimals)
Example: if PLUT price is $1, when User A deposits 10,000 PLUT tokens, borrows 2,500 pUSD (C-ratio is 400%). When C-ratio is down to 150% (meaning PLUT price is down to $0.375 per token), users will be required to repay the debts to a minimum C-ratio of 200%: 1, she/he can deposit extra 1,250 PLUT tokens; 2, she/he returns 625 pUSD borrowed.
3.4.5 Vault Details
1) Real-time display of users' assets information, including "Your wallet balance (PLUT)", "Your collateral balance", "Available to withdraw", "Available to borrow", "Your wallet balance (pUSD)", "Liquidation ratio", "Current borrow ratio";
2) In case of no information to be displayed, then it will show 0.000000 PLUT, 0.000000 pUSD, 0.00%
3.5 Liquidate
The ratio of Liquidating is 150%. When users' C-ratio <150% (PLUT price down), users' deposited assets will be liquidated by force in order to repay the debts produced when borrowing pUSD.
Individual user's liquidating: the user's "to be liquidated" asset information will be displayed, click "Liquidate" in the pop-up window which will display the amount of assets to be liquidated.
List of all liquidations: all "to be liquidated" asset information will be displayed in a list (including account address, asset amount following default sorting by size) as well as C-ratio. Commission fee will be incurred during liquidating.
1) Users can choose all or partial of the assets and liquidate. Click the "Liquidate" pop-up window to display the amount needed to liquidate all or partial of the assets.
2) Input box to enter amount
Users can input the amount to liquidate in the amount box. (integral numbers or numbers with 6 decimals)
3.6 Farm
There is a PLUT POOL. In this module, when users stake PLUT tokens into the Pool, they will be rewarded.
1) Stake
Users stake their PLUT tokens into the Pool (Can input or choose the amount to stake)
2) Unstake & Claim rewards
β‘  When users stake, they can claim back all the staked as well as the rewards. (can input or choose the amount to unstake and claim)
β‘‘ Operation is invalid when users don't stake.
3) Detail
Real-time display of PLUT balance, claimable PLUT amount.
4) Input box to enter amount
Users can input the amount to farm in the amount box. (integral numbers or numbers with 6 decimals)
3.7 Reward
Real-time display of claimed rewards (including account address, amount of PLUT rewards - default sequence by size), types of rewards (including: liquidate, reward, trading.)
4. Description of Abnormal Conditions
4.1 Network Error
1) Browser network is down or Internet disconnection
Network down: the page will keep displaying "Loading"
Internet disconnection: default display by browser
2) Wallet connection error
Reminder will pop up: Please switch into "Ethereum", "BSC". (depending on real-time scenarios)
4.2 Operation Error
1) Close of browser during operation by mistake
When reopening the webpage, you will need to reconnect the wallet and repeat the operation.
2) Click "denial" when initiating transactions
The current transaction will be cancelled. To continue, you will need to redo the transaction.
3) Input Error
Error input such as non-English text, there will be Error reminder.
4.3 System Maintenance and Upgrading
404 will display during system maintenance and upgrading
Last modified 24d ago
Copy link