Resources and guides to get started with Platypus Finance
Platypus Finance protocol started as a single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain. We redefined stableswaps and reinvented stablecoins. We combine both stableswap and stablecoin, masterfully utilizing Platypus’ underlying assets.
The protocol is implemented as a set of smart contracts; designed to prioritize censorship resistance, security, self-custody and maximum capital efficiency. The first-of-its-kind open liquidity pool stableswap sets the precedent for single-sided liquidity provision, redefining the concept of liquidity equilibrium through a novel approach which places liability at the center of our technology. The innovative pool design will eliminate impermanent loss risk for liquidity providers, and minimize slippage for traders.
This allows for integration of new assets, more use cases for the single-sided LP tokens, and organic growth of assets based on supply and demand. Platypus further utilizes its capital to mint stablecoins: the USP. All these innovations are neatly wrapped in a sleek user interface for easy on-ramp.
Platypus, (Ornithorhynchus anatinus), also called duckbill, a small amphibious Australian mammal noted for its odd combination of primitive features and special adaptations, especially the flat, almost comical bill that early observers thought was that of a duck sewn onto the body of a mammal.