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Platypus Finance

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Category: DeFi
TVL: $30K

Platypus

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.
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Funding Rounds

Funding Round: Seed
Funding Date: 2 Dec, 2021
Raised Amount: $3.3M

Investors