Platypus Finance Logo

Platypus Finance PTP

Platypus Finance header image

1. Summary

Ranks

Liquidity
37
Developer
-
Social
87
Momentum (beta)
0
Stack Rankā„¢
-
Price
$0.000175620000 +3.8%
Market Cap
$39,277.00 (#5953)
Supply
213.48M / 300.00M
Price
52W High price $0.05
52W High date 12th Jan 2024 (8 months ago)
All Time High (ATH) Date 16th Jan 2022 (2 years ago)
ATH Price $16.69
% From ATH -100%
All Time Low (ATL) Date 28th Jun 2024 (3 months ago)
ATL Price $0.000109750000
% From ATL 3.75%
Supply & Trading Volume
Trading Volume (24h) $5,231.00
Total Supply 300.00M
Max Supply 300.00M
Circulating Supply 213.48M
Description

Overview

Overview

Platypus Finance is a decentralized protocol built on the Avalanche blockchain that facilitates the seamless exchange of pegged assets through its Automated Market Maker (AMM). Notably, it introduces a single-sided liquidity provision mechanism which redefines traditional AMM designs. This system allows users to provide unilateral liquidity using a single token type, rather than requiring liquidity providers to pair tokens.

Key Features

  • Single-Sided Liquidity: Users can provide liquidity with a single token type, eliminating the need for liquidity providers to pair tokens.
  • Risk Management: The protocol manages risk autonomously using a coverage ratio-based system to track system health.
  • Slippage Calculation: It uses a novel single-variant slippage function instead of invariant curves, suppressing huge volume swaps that can harmed liquidity pools.
  • Integration and Scalability: Designed for efficient capital usage, it enables easier integration of new assets and organic growth of liquidity pools.

Technology and Development

  • Smart Contracts: The protocol is implemented as a set of smart contracts supporting features such as fees, slippage, and haircut calculations.
  • Security Measures: It includes rigorous testing tools like Slither and Echidna fuzzer to ensure the security and consistency of its code.

Use Cases and Token (PTP)

  • Liquidity Provision: Users can participate in liquidity mining programs and earn PTP tokens for contributing liquidity.
  • StableSwap Transactions: Users can swap stablecoins with minimal friction and reduced slippage.

Documents and Guides

2. Price

PTP

2.1. Market Performance

How does Platypus Finance's (PTP) performance compare to the median performance for assets of a similar market capitalization?

30 Day Return

-98.9%

PTP

-40.6%

Similar Market Cap

60 Day Return

-99.0%

PTP

-26.9%

Similar Market Cap

1 Year Return

-99.6%

PTP

6.4%

Similar Market Cap

3. Developer Activity

No GitHub repos found. Either the project is not open source or we don't have data yet.

4. Social Activity

Tip: Toggle each network by clicking the name above

Historic data is only available from 22nd April 2022

Total Followers

Reddit Subscribers
Active Reddit Users (past 24h)
Discord users
Active Discord Users
Telegram Users 5,689
Twitter followers 58,476
5. News
7. More Information

Always do your own research (DYOR) before making any investment. Here's some links you might find helpful:

Website https://platypus.finance/
Explorer https://snowtrace.io/token/0x22d4002028f537599be9f...
Twitter @platypusdefi

What is the correct contract address for Platypus Finance?

Avalanche 0x22d4002028f537599be9f666d1c4fa138522f9c8

Has Platypus Finance been audited for security?

No security audits found for this project.

Are you the owner of Platypus Finance? Edit it here

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