Platypus Finance — a one-way AMM (decentralized exchange), designed to exchange stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain.
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About coin defi Platypus
The project protocol is implemented as a set of smart contracts and is designed, taking into account the priority of censorship resistance, security, self-service and maximum capital efficiency. Platypus provides a single token supply, which eliminates the risk of intermittent losses for liquidity providers and minimizes slippage for traders.
Why should you trust this crypto project:
| Lower slippage | The open pool liquidity design provides higher capital efficiency and lower slippage rate, compared to other stable exchanges. |
| Higher scalability | The flexible pool structure allows each asset to scale naturally, based on its organic offering. |
| Better user experience | You can always deposit and withdraw tokens the same way without worrying about the composition of the pool or the size of the pool. |
By implementing the ALM concept, the project allows each token to grow organically, based on its natural supply and demand. This differs markedly from Curve or Saddle, which require all tokens to have the same liquidity, making the least popular token a bottleneck for pool growth. This design also allows Platypus to take advantage of other benefits such as a method of tracking its financial health, the ability to lend out unused assets, the ability to use new stablecoin solutions, and the elimination of intermittent losses.
Platypus' function - to determine price slippage instead of the price itself. In addition, Platypus is also the first of its kind to use a single-variant slip function instead of invariant curves. The ability to measure risk metrics, using a single variable, is one of the key reasons Platypus can get rid of the entanglement of invariant curves, thereby, expanding its services across verticals.
Additional information about the site
The main financial concerns - solvency risk and liquidity risk. Platypus ensures its financial health by monitoring and implementing strategies to mitigate these two risks. There is an introductory document on the site. Thus, each participant can study the features of the project. There is a complete step-by-step guide and other information.
If you want to stay up to date with all innovations, subscribe to the community on the following social networks:
You can also leave your e-mail address on the site to receive a newsletter with project news. The audit of a smart contract can be checked at the link.