Singapore, Singapore–(Newsfile Corp. – November 19, 2021) – Decentralized Finance has represented a major point of interest for the crypto space over the past year. To this end, Platypus, the winner project of an Avalanche X grant, aims to be the most scalable, capital-efficient, and user-friendly StableSwap to have ever been built on Avalanche.
PLATYPUS on Avalanche Soon
The issue with past Stableswaps
As with any other new technology, DeFi products such as stableswaps leave plenty of room for growth and development for the user’s benefit. With a novel liquidity pool design, Platypus aims to provide comprehensive solutions to the most poignant issues for Stableswaps namely liquidity fragmentation, subpar user experience, and high penalties for performing single token transactions.
What is Platypus
Platypus aims to become the reference Stableswap platform built on AVAX. The protocol is designed to tackle the aforementioned issues and provide all trades within the crypto sphere, with a better performing DeFi protocol that offers lower slippage, higher scalability, and a far better user experience than ever before.
The value proposition
To better showcase why Platypus excels with its design and has a truly unique value proposition, it is worth looking at older Stableswap protocols and have a better understanding of the progress that has been achieved by the team.
Firstly, most older generation Stableswaps operate by a closed liquidity pool model, meaning the liquidity is not shared between separate asset pools, leading up to liquidity fragmentation. Furthermore, the price slippage is being calculated by taking into account the invariant of that specific liquidity pool. In Platypus , however, all token liquidity can be shared between the assets of a pool, hence effectively increasing liquidity depth and lowering the slippage.
Secondly, the older Stableswap’s design made for a more difficult or even impossible integration of new assets. This is the case as in traditional…
