Plume connects to the entire network through SkyLink mainly in the following ways:
1.Integrate with multiple blockchain networks:
a. Extensive network coverage: SkyLink plans to be deployed on numerous blockchain networks, such as Solana, Movement, Injective, ApeChain, Core, Polyhedra, GravityByGalxe, Merlin, Xion, Rome, Echelon, D3, Hemi, and Memento. By establishing connections with these different blockchain networks, Plume can reach users and resources on these networks and achieve cross-chain interaction and communication. This greatly expands Plume's coverage and allows more users to participate in the Plume ecosystem.
b. Cross-Chain Data Transmission and Asset Interaction: Assets and data on different blockchain networks can be transmitted and interacted with across chains through SkyLink. For example, the yields generated by assets held on one blockchain network can be securely allocated to other blockchain networks via SkyLink, enabling cross-chain asset flow and yield acquisition. This cross-chain functionality breaks down the barriers between blockchains, allowing Plume to integrate resources from multiple blockchain networks and provide users with richer financial services and investment opportunities.
2. Utilizing LayerZero's Technical Support:
a. Sync Pools Technology: SkyLink utilizes LayerZero's Sync Pools technology to achieve seamless full-chain functionality. Sync Pools allow for token minting and exchange across multiple chains, ensuring yield tokens can flow seamlessly across different blockchains. Through this mechanism, Plume can efficiently facilitate asset circulation and yield distribution across the entire network, enhancing the system's liquidity and operability.
b. Unified Communication Protocol: LayerZero provides a unified communication protocol, enabling Plume to communicate reliably with different blockchain networks. This unified protocol standard reduces the complexity of cross-chain communication, improving efficiency and security. Whether it is asset transfer, data transmission, or smart contract invocation, these processes can be smoothly executed across different blockchain networks, providing technical assurance for Plume's connection to the entire network.
3. Establishing Partnerships and Ecosystem Expansion:
a. Collaborating with Liquidity Providers: Plume has established partnerships with multiple liquidity providers, which is crucial for its ability to connect the entire network through SkyLink. Liquidity providers can offer ample liquidity support to Plume, ensuring smooth trading and circulation of assets during cross-chain processes. Through collaboration with liquidity providers, Plume can attract more users and projects to participate in its ecosystem, further expanding its influence across the network.
b. Attracting Developers and Project Participation: As an ecosystem focused on Real World Asset Finance (RWAFi), Plume attracts numerous developers and projects. Currently, there are over 180 development projects within the Plume ecosystem. These developers and projects bring a wealth of application scenarios and innovative solutions to Plume, further enhancing its competitiveness and appeal. As more developers and projects join, Plume's ecosystem will continue to expand, and its ability to connect the entire network through SkyLink will further strengthen.
