Hong Kong, Hong Kong, December 13, 2022, Chainwire

Platypus Finance is launching USP, a stablecoin native to the protocol. The deployment of USP arose from Platypus’ goal of improving capital efficiency for its users. USP also solves long-standing collateral problems associated with stablecoins. Platypus Finance’s native stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.

USP is pegged to the US dollar, operating as an over-collateralized stablecoin that provides a layer of security in cases of unpegging with its unique Adaptive Pin Stabilizer. The coin maintains its value on its own with the Platypus stableswap AMM algorithm and hedging ratio model.

Platypus native stablecoin dramatically improves capital efficiency for Avalanche DEX users. It takes advantage of the one-sided guarantee and allows users to sit comfortably with minimal smart contract risk. Users can earn USP by collateralizing their LP tokens with up to 20x leverage. In this way, investors can farm with your USP as a liquid asset and ultimately increase your purchasing power. USP can be minted in Main Pools LP to start with, and will also expand minting opportunities to Alternative Pools LP.

Benefits for USP include:

Maximize capital efficiency: Users can mint USP using LP tokens on Platypus Finance as collateral and convert staked assets into liquid.

Enable 20x leverage farming: Through repeated minting, leverage farming on Platypus is possible up to 20 times.

Minimizes smart contract risk: Minting and collateral are based on a single platform that greatly reduces systematic risk.

Uses one-sided guarantee: Single-sided, lossless, impermanent LP collateralization allows for much greater flexibility and risk control in minting.

Platypus continues to grow with the launch of USP as a follow-up to the platform launch of its Voting Gauge mechanism. The feature essentially gave users the power to control where PTP broadcasts go through the indicator and earn rewards in the form of kickbacks as they vote.

About Platypus Finance

Platypus has redefined stablecoins and reinvented stablecoins on Avalanche. Platypus’ masterful utilization of underlying assets delivers next-level capital efficiency that solves the long-standing problem of liquidity fragmentation in traditional DeFi. With a stable open liquidity pool exchange and one-sided liquidity provision, it redefines the concept of liquidity balance allowing for the integration of new assets, more use cases for one-sided LP tokens, and organic growth of assets based on supply and demand. Platypus further uses its capital to mint stablecoins – the USP, all these innovations neatly wrapped in a sleek user interface.

For more information on USP, please see the yellow paper and for more information and regular updates, visit Platypus’ official website and them Twitter, Telegram, MediumY Discord channels

Contact

platypus marketing team
marketing@ornitorrinco.finanzas