Project Details
Platypus Finance
Automatic market makers of stablecoins (AMM)
Basic Info
Founded:2021
Description:Platypus Finance is a stablecoin single-sided automatic market maker (AMM) based on the Avalanche network, designed to optimize capital efficiency. Rather than requiring liquidity providers (LPs) to provide liquidity through token pairs such as ETH-AVAX, LPs can simply provide liquidity by providing a single token type. The mechanism aims to improve the existing AMM framework by mitigating the risk of impermanent losses of LPs, reducing traders’ slippages, and creating higher capital efficiencies in the wider ecosystem.
Total Funding
$3.3M
Rounds
1
Latest Valuation
$24M
Portfolio Count
0
Financing Details

Investors
No Data Available
Team Members
Active
Former
No Data Available