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Platypus
Platypus introduces a new AMM for stableswap on Avalanche, focusing on open liquidity and single-sided AMM.
Distributed
Description
Platypus is pioneering a novel approach to automated market makers (AMM) on the Avalanche blockchain, emphasizing open liquidity pools and single-sided token swaps. This design aims to address issues like liquidity fragmentation and poor user experience found in first-generation stableswaps by allowing for higher capital efficiency and lower slippage rates. Platypus' unique asset liability management (ALM) and single-variant slippage function set it apart as a first-of-its-kind AMM, promising better scalability and user experience.Grant Funding
VC Funding
None
2021
$0
$3.3M