Platypus Finance is an innovative stablecoin Defi protocol. Built on the Avalanche network, it brings a fresh perspective to the DeFi scene, aiming to optimize the trading of stable cryptocurrencies. While we don't know much about the team behind this endeavor, except for its anonymous founder Mr. Duckbill, what truly matters is their unique approach to the world of stablecoins and stableswaps.
As we often compare crypto exchanges and platforms, transparency is a key factor. So while the anonymity of the team might raise eyebrows, the project has attracted some serious VC investors like Three Arrow Capital and Defiance Capital. It's also backed by Avalanche's official launchpad platform, Avalaunch, and others like BenQi, AVentures DAO, and Valhalla Capital.
To get more technical, the protocol's native token PTP was launched via an ICO-style fundraising on Avalaunch. These PTP tokens are then used for staking and locking on the platform, which yield vePTP tokens. What's neat here is that these vePTP tokens can be used
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Yield | Tokens | Term | Yield | Yield Trend | |||||||||||||
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4.28%
|
Instant Access
|
4.28%
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|||||||||||||||
3.8%
|
Instant Access
|
3.8%
|
|||||||||||||||
2.96%
|
Instant Access
|
2.96%
|
|||||||||||||||
2.33%
|
Instant Access
|
2.33%
|
|||||||||||||||
2.26%
|
Instant Access
|
2.26%
|
|||||||||||||||
2.24%
|
Instant Access
|
2.24%
|
|||||||||||||||
2.2%
|
Instant Access
|
2.2%
|
|||||||||||||||
1.48%
|
Instant Access
|
1.48%
|
|||||||||||||||
1.48%
|
Instant Access
|
1.48%
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|||||||||||||||
1.06%
|
Instant Access
|
1.06%
|
|||||||||||||||
0.97%
|
Instant Access
|
0.97%
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|||||||||||||||
0.6%
|
Instant Access
|
0.6%
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|||||||||||||||
0.5%
|
Instant Access
|
0.5%
|
|||||||||||||||
0.31%
|
Instant Access
|
0.31%
|
|||||||||||||||
0.31%
|
Instant Access
|
0.31%
|
|||||||||||||||
0.3%
|
Instant Access
|
0.3%
|
|||||||||||||||
0.16%
|
Instant Access
|
0.16%
|
|||||||||||||||
0.11%
|
Instant Access
|
0.11%
|
|||||||||||||||
0.04%
|
Instant Access
|
0.04%
|
|||||||||||||||
< 0.01%
|
Instant Access
|
< 0.01%
|
Platypus Finance supports over 10 currencies including Tether USDt, USD Coin, Avalanche and Ankr Staked ETH.
USDT Tether USDt | Tether USDt |
ANKRETH Ankr Staked ETH | Ankr Staked ETH |
WAVAX Wrapped AVAX | Wrapped AVAX |
MONEY Moremoney USD | Moremoney USD |
Savings accounts |
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Loans |
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Crypto to crypto exchange |
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Fiat to crypto exchange |
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Pro exchange marketplace |
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Margin trading |
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Fast account verification |
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Futures exchange |
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Chain agnostic |
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Know your customer |
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Credit check |
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DeFi products |
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https://platypus.finance/ |
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