After 8 months working with the @Platypusdefi team directly, the beta is finally here! Not even a day in the books & it is already approaching $200M in TVL. Let's dive deeper into what @Platypusdefi is and what excited me about this native #Avalanche dapp.
@Platypusdefi is a single-sided Stableswap AMM that boasts a new model, completely different than Curve Finance and others. Swap fees are only .01% and slippage is minimal. Look at this...
The tokenomics also set it apart.

Deposit stablecoins to earn $PTP

Stake $PTP to earn $vePTP ( longer you stake, = the more $vePTP you earn)

The more $vePTP you have, the higher the booster APR to earn more $PTP!

If you unstake any $PTP you lose all your $vePTP!
Check out here, already 300% boosted APR and we will likely see a race from people trying to become important vePTP holders. I imagine Convex like dapps will also come into the fold quite shortly.

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