Discover and read the best of Twitter Threads about #stablepool
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I've had to explain this beautiful project multiple times in the last few days, so I'm just going to tweet it.
@vector_fi is a yield boosting protocol for @Platypusdefi that creates a flywheel effect with $PTP and $VTX emissions.
A 🧵🪡...
1/16
@vector_fi is a yield boosting protocol for @Platypusdefi that creates a flywheel effect with $PTP and $VTX emissions.
A 🧵🪡...
1/16
Lets start with @Platypusdefi and $PTP.
Platypus is a stable coin swap on the @avalancheavax chain.
It's algorithms allow for single sided staking of stables, avoiding the need to create LP pairs.
All pools are rewarded in $PTP tokens
2/16
Platypus is a stable coin swap on the @avalancheavax chain.
It's algorithms allow for single sided staking of stables, avoiding the need to create LP pairs.
All pools are rewarded in $PTP tokens
2/16
They incentivize stakers to keep the pools balanced by adjusting the APR of the pools when they get out of balance.
Stakers will convert their coins to the coin with the higher APY thus balancing the pool.
3/16
Stakers will convert their coins to the coin with the higher APY thus balancing the pool.
3/16
