Platypus Finance Price (PTP)

The Platypus Finance protocol is a one-way automated market maker (AMM) decentralized exchange (DEX) platform designed to trade stable cryptocurrencies on the Avalanche blockchain (ERC20 tokens). An AMM is a tool utilized to supply liquidity (token pool) in decentralized finance (DeFi) without the intervention of a third party to set the price of an asset.

The protocol aims to prioritize censorship resistance, security, self-custody, and maximum capital efficiency as a set of smart contracts. Platypus provides a single-token provision, where traders can purchase a single PTP token to seek to eliminate the risk of impermanent loss for liquidity providers. The feature also seeks to minimize the risk of slippage for traders, where market fluctuations occur more quickly. 

According to the whitepaper, the fundamental principle behind Platypus's design is asset-liability management (ALM). Most DeFi protocols today do not include liability concepts. Using the concept of ALM, Platypus seeks to enable the native token to grow organically (as per its demand and supply in the crypto market). This design is referred to as "Extendable Liquidity Pool."

Platypus Finance uses PTP as its native token. When staking Platypus, it generates vePTP, the voting escrow token, which aims to increase the rewards of the token holders. vePTP can be generated by staked PTP. vePTP is not transferable or tradeable. 

DeFi 2.0 protocol simplifies the narrative of the technology and seeks to provide users with critical benefits:

In the stablecoin pool, there are currently four tokens. Users can farm their governance token, PTP, once liquidity mining is live or share the 0.01% transaction fee collected from asset swaps in the future. 

Apart from this, the composition or size of a liquidity pool compared to previous generations doesn't significantly affect the single-sided tokens, even in bulk. As a result, the project aims to ensure that adding or removing new tokens to the pool is done organically, seeking to secure 100% exposure to the single-asset pool. 

Platypus has a maximum total supply of 300,000,000 PTP tokens. 

We update our Platypus Finance to USD currency in real-time. Get the live price of Platypus Finance on Coinbase.

The current market cap of Platypus Finance is $5.24K. A high market cap implies that the asset is highly valued by the market.

The all-time high of Platypus Finance is $0.0562. This all-time high is highest price paid for Platypus Finance since it was launched.

Over the last 24 hours, the trading volume of Platypus Finance is $21.29.

Assets that have a similar market cap to Platypus Finance include Bitcoin Plus, DDKoin, The Coop Network, and many others. To see a full list, see our comparable market cap assets.

The current circulating supply of Platypus Finance is 41 million.