Platypus Finance PTP
1. Summary
- Price
-
$0.000122310000 +9.8%
- Market Cap
- $27,951.00 (#8067)
- Supply
- 228.51M / 300.00M
- 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
| Price | |
| 52W High price | $0.05 |
| 52W High date | 12th Jan 2024 (11 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 | 21st Nov 2024 (4 weeks ago) |
| ATL Price | $0.000090960000 |
| % From ATL | 42.3% |
| Supply & Trading Volume | |
| Trading Volume (24h) | $4.00 |
| Total Supply | 300.00M |
| Max Supply | 300.00M |
| Circulating Supply | 228.51M |
PTP
How does Platypus Finance's (PTP) performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
3.8%
PTP
-1.1%
Similar Market Cap
60 Day Return
-32.8%
PTP
-13.4%
Similar Market Cap
1 Year Return
-99.0%
PTP
-70.8%
Similar Market Cap
No GitHub repos found. Either the project is not open source or we don't have data yet.
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 | 5,295 |
| Twitter followers | 33 |
-
docs.platypus.finance/platypus-finance-docs/getting-started/6-liquidity-mining Official
-
docs.platypus.finance/platypus-finance-docs Official
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... |
| @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
Subscribe for free
Investment alerts and insights directly in your inbox.
By continuing, you agree to the Stack Terms of Service and Privacy Policy.