Platypus Finance PTP
1. Summary
- Price
-
$0.000175620000 +3.8%
- Market Cap
- $39,277.00 (#5953)
- Supply
- 213.48M / 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 (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 |
PTP
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
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 | 5,689 |
| Twitter followers | 58,476 |
-
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.
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