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Platypus Finance is a single-sided Automatic Market Maker (AMM) for stablecoins built on the Avalanche network. It is designed to optimize capital efficiency. Instead of requiring liquidity providers (LPs) to provide liquidity through token pairs (e.g. ETH-AVAX), they can just provide liquidity through a single token type. This mechanism is intended to improve the existing AMM framework by reducing impermanent loss risk for LPs, cutting slippage for traders, and creating more capital efficiency in the broader ecosystem.

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PTP fundraising-history
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private-salefundraising-$Mfundraising-$M2021-12-01DeFiance Capital,Three Arrows Capital,CMS Holdings,Mechanism Capital,Avalanche,0xVentures,Colony,GBV Capital,Avalaunch,BENQI
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  • 2023-02-17
    losed $ 8.5 M in hack
  • 2021-12-02
    Platypus Finance raised $ 3.3 M in Private round
  • 2021-11-29
    Platypus Finance was live on mainnet
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