Platypus FinancePTP
Automatic Market Maker (AMM) for stablecoins$0.00005031
+0.36%@
Followers--
Following--
Influence Index--
Details
24h Trading Volume$3.10
Circulating Market Cap$11.49K
Fully Diluted Valuation (FDV)$15.09K
Circulating Supply228.52M PTP
Total Supply
300.00M PTPTotal Raised$3.30M
Contract Address
0x22d4...22f9c8
0x22d4...22f9c8Supported Exchanges+1
Launched--
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Stablecoin swap platformPlatypus 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.
Investors
DeFiance Capital
Three Arrows Capital
CMS Holdings
Mechanism Capital
Avalanche
0xVentures
Colony
GBV Capital
Avalaunch
BENQI
Hailstone Ventures
Yield Yak
Valhalla Ventures
Avatar Ventures
MC Ventures
AVentures
Keychain Capital
TPS CapitalFundrasing details
| Funding Round | Amount | Valuation | Date | Investors |
|---|---|---|---|---|
Private | $3.30M | $24.00M | 2021-12-01 |  DeFiance Capital* Three Arrows Capital*+ 16 |