PTP Emission Distribution

Platypus delivers its native token PTP through three different pools for liquidity mining:

  • Base Pool

  • Boosting Pool

  • AVAX-PTP Pool (Pool 2)

Base Pool

Users can deposit stablecoins in their individual separate accounts for the Base Pool. The Base Pool issues PTP tokens to a deposit at an amount that is positively proportional to its share of the aggregate deposit of all individual separate accounts. The token emission for a deposit in the base pool is defined as:

Boosting Pool

Users can receive additional PTP tokens by staking PTP tokens in their individual separate accounts for the Boosting Pool. The Boosting Pool serves multiple purposes:

  • To incentivize PTP tokens purchase

  • To encourage long-term staking

  • To make farming TVL directly related to staked token

The Boosting Pool utilizes an additional token, voting escrow PTP (vePTP), inspired by voting escrow CRV (veCRV) of Curve Finance. How does it work? Have a look at the below vePTP attributes :

  • 1 staked PTP generates 0.014 vePTP every hour

  • Maximum vePTP held with a deposit equals to 100 times PTP staked for the deposit

  • Upon unstaking PTP, vePTP drops to 0

  • vePTP is non-transferable and non-tradeable due to the design of the smart contract, i.e. vePTP token will be locked in the private wallet of the user

The weight function and number of PTP token emission for the boosting pool is defined as:

The total PTP emission in the pool is based on team discretion or governance voting, and is independent of the aggregate amount of PTP tokens staked by uses individually.

Total Return and APR

Summing up the previous conclusions, the total APR will be defined as:

Last updated