Platypus USD
1. Summary
- Description
-
Platypus USD (USP) is a protocol-native stablecoin pegged to the US dollar, providing a layer of security against depegging with its Adaptive Peg Stabilizer. It significantly enhances capital efficiency for users of the Avalanche DEX and features a robust meta-stable design.
Platypus USD (USP) is a protocol-native stablecoin pegged to the US dollar, providing a layer of security against depegging with its Adaptive Peg Stabilizer. It significantly enhances capital efficiency for users of the Avalanche DEX and features a robust meta-stable design.
Key Features
- Overcollateralization: USP operates as an overcollateralized stablecoin, ensuring a high level of stability and security in case of depegging events.
- Single-Sided Collateral: The stablecoin utilizes single-sided collateral, which minimizes smart contract risks and is impermanent loss-free, offering greater flexibility and control over minting.
- 20x Leverage Farming: Users can earn USP by collateralizing their LP tokens with up to 20 times leverage, making it possible to farm and increase earning power.
- Capital Efficiency: Minting USP using LP tokens on Platypus Finance maximizes capital efficiency for users, allowing them to turn staked assets into liquid assets.
- Smart Contract Risk Minimization: By keeping minting and collateral within a single platform, USP reduces systemic risks associated with traditional stablecoins.
| Price | |
| 52W High price | $1.00 |
| 52W High date | 13th Feb 2023 (2 years ago) |
| All Time High (ATH) Date | 3rd May 2025 (2 weeks ago) |
| All Time Low (ATL) Date | 3rd May 2025 (2 weeks ago) |
| Supply & Trading Volume | |
| Trading Volume (24h) | $14,918.00 |
How does Platypus USD's () performance compare to the median performance for assets of a similar market capitalization?
30 Day Return
%
21.1%
Similar Market Cap
We're monitoring 4 Platypus USD GitHub repos for commits, code additions and deletions. This data is factored into the Developer Rank. Because of delays in GitHub's stat processing, recent activity maybe underrepresented.
Weekly Commits (All Platypus USD Repos)
Commits vs. The Market
- Past 4 weeks: 0 commits vs. an average of 1
- Past 12 weeks: 0 commits vs. an average of 5
- Past year: 0 commits vs. an average of 67
Most Active Repos
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Top Developers 2025
In total, 0 developers have contributed to Platypus USD over the past year. Who are the most active Platypus USD developers, by commits, over the past year?
Related Projects
Developers working on Platypus USD also worked on these projects.
Tip: Toggle each network by clicking the name above
Historic data is only available from 22nd April 2022
Total Followers
| Reddit Subscribers | |
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| Active Reddit Users (past 24h) | |
| Discord users | |
| Active Discord Users | |
| Telegram Users | 5,660 |
| Twitter followers | 56,651 |
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/address/0xdaCDe03d7Ab4D81fEDd... |
| @platypusdefi |
What is the correct contract address for Platypus USD?
| Avalanche | 0xdacde03d7ab4d81feddc3a20faa89abac9072ce2 |
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Has Platypus USD been audited for security?
No security audits found for this project.
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