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Vector provides users with boosted stablecoin yields from Platypus, without having to own the PTP token. Depositors can receive additional PTP token emission from the Booster Pool by staking PTP tokens. Stablecoin LPs can leverage Echidnas vePTP treasury to boost their LP rewards on Platypus without staking PTP. vePTP accrues over time, and once any amount of PTP is withdrawn, the users vePTP balance is reset to 0. vePTP is also used to vote on important Platypus governance decisions, such as which stablecoins to incentivize yield on, and which tokens get added to the protocol. To add more tokens, you can always click on the Stake PTP button again. If you stake more PTP, you will get more vePTP. You will start earning PTP! Important: Make sure to Claim your vePTP from Platypuss app prior to the snapshot on Sunday! Make sure to follow us on our socials for the latest updates, and to join us on Discord for any questions or to contribute to this effort. The higher the score, the more effective the skills. 10% of that allocation will be available upon TGE (token generation event) and then the remainder will unlock at certain dates, listed below. Your token emissions are also prone to the actions of others so you may need to adjust or rebalance your allocation time over time. For yield boosting purpost, head to the vePTP menu. Your returns will decrease as the overall liquidity increases. This means 3.0M VTX tokens will be airdropped to vePTP holders. Holding vePTP allows you to participate in airdrops and fee sharing. To maximize your profits, refrain from unstaking. Long-term staking of PTP is a core principle of Platypus Finance. We will show you how to liquidity mine through our Base Pool and Boosting Pool. Platypus By taking a larger share of the token emissions distributed to their respective stablecoin accounts, the token emissions generated by your deposits of USDC and DAI outweigh the token emissions deduction resulting from lower account weights. 3. (Note: You can withdraw your staked PTP tokens any time. Click on the green Stake button shown above, input the amount of your PTP to stake and click Stake. Select Import Tokens, and then Import Custom Token. This is represented by vePTP balance. What is Platypus Finance? What is the Stablecoin of Platypus Finance Here are several scenarios with different aggregate weights. (5) Finding the exact optimal allocation is difficult to accomplish manually. Click on the navy Stake button below the Withdraw button to access the expandable menu shown below, Click on the white Claim button on the far left. . Platypus is the pioneer in combining a stableswap and stablecoin, masterfully utilizing its . The Arisen One on Twitter: "RT @Platypusdefi: The APR of $AVAX pools on With that said, simple adjustments to capital allocations as shown in the case studies can help improve your returns. Mouth. Accessories. You can refer to a step by step video from Avalanche: When you launch our dApp, you will be prompted to confirm the connection between Platypus and your Metamask wallet by a pop-up. You can find others listed on our crypto exchanges page. Additionally, this is NFT exclusive. You can earn PTP by staking stablecoin. Vector enables users to generate boosted yields on their stablecoins, even if they dont own any PTP. Users can get instant PTP when they select a locked period. Your asset allocation matters when calculating rewards. It gives you an advantage in gaining more vePTP, Exclusive Platopia Savior Club membership for NFT holders, Access to alpha leaks for Platypus big updates and announcements. vePTP is neither transferable nor tradable) Unstake PTP If you wish to unstake your PTP, start by clicking the Unstake button in white, 4. Note that even with the same capital allocation, your token emissions will vary based on your deposit and/or the account weight of each stablecoin pool. If you would like to know where to buy Platypus Finance at the current rate, the top cryptocurrency exchanges for trading in Platypus Finance stock are currently MEXC, BKEX, CoinEx, Trader Joe (Avalanche), and Pangolin. Step by step, we are redefining DeFi. Stablecoin LPs can leverage Echidna's vePTP treasury to boost their LP rewards on Platypus without staking PTP. . Liquidity providers receive pool shares proportionate to their liquidity provision (LP) in the entire pool, which is prone to fluctuations. Tail. Jan 14, 2022 -- We will show you how to liquidity mine through our Base Pool and Boosting Pool. Dive into these pools and maximize your earnings now . Now, lets move on to actually using Platypus. Platypus is the pioneer in combining a stableswap and stablecoin, masterfully utilizing its underlying assets to bring next-level capital efficiency. Scenario 3: You contribute 1,600 USDC and stake 200 PTP on Platypus.Contrary to Scenario 2, the amount of token emissions from the Base Pool will outweigh those from the Boosting Pool, which leads to comparatively higher total token emissions. Holding vePTP allows you to participate in airdrops and fee sharing. We believe that Vector will become an important part of the Platypus and Avalanche ecosystem. In the future, Vector may expand its utility to other projects which utilize ve type tokenomics, such as veJOE. We dont see any reason to take random snapshots because vePTP takes time to accrue. Hello, everyone! 4. Additionally, we will be conducting a PTP buyback program, aiming to repurchase PTP tokens from the market. All we can say is if it is not fun and innovative, ngmi. Greetings Platypuses! All Platypus Heroes are born with one skill. Platypus Finance Price ( PTP ) - CoinMarketCap While points (1) (5) provide the main ideas of optimization, finding the exact optimal allocation involves complex calculations, which will require some computational tools. The Platypus Finance is a single-side AMM (decentralized exchange) protocol on the Avalanche blockchain, designed for exchanging stable cryptocurrencies (ERC20 tokens) such as $USDC, $USDT, $DAI. After you authenticate the transaction, our LP token will appear in your wallet. 5. Mouth (2) With the median APR for their boosted stablecoin deposits at ~32%, its easy to see why. section to see how PTPFP can benefit your staking position. *Vote escrowed tokens are currently a popular method for earning exponential rewards! The Base Pool returns would also affect your total token emissions. With the various factors accounted for, we will use three case studies to demonstrate how you can maximize your profits as an LP for Platypus. (4) The choice of stablecoin accounts can also impact your returns. Be part of the Platopia Savior Club and connect with fellow Platopia Saviors. ECD can be locked to earn 40% of Echidnas platform fees and boost ECD emissions on our platform. PTP locking works similarly to PTP staking, with a multiplier of 0.336 vePTP per day (the same as 1 staked PTP generation rate). . We have set aside a surplus reserve of 1.4 million to handle compensation needs. Please visit this page to see your compensation amount. Head over to https://app.platypus.finance/pool to start staking and earning! A gas commission gets charged for this so youll need to confirm the action in Metamask. You can follow our Telegram announcements here. CoinMarketCap may be compensated if you visit any affiliate links and you take certain actions such as signing up and transacting with these affiliate platforms. After connecting with your wallet, youll find a list of the supported staking pools. Platypus Finance is on the decline this week. The NFT Marketplace is the place to trade minted NFTs. Now, we are innovating, challenging the status quo from all the Ethereum conglomerates and their forks on Avalanche. Platypus Finance is the largest stable coin swap exchange on the AVAX network.They offer very slow slippage and low fees to swap between USDT,USDC,DAI DAI $0.9998 and MIM on the Avalanche network.The protocol uses a first-of-its-kind open liquidity pool stableswap,which allows for single-sided liquidity provision and eliminates impermanent loss . In the vePTP staking menu, youll find your vePTP balance, the mine rate of vePTP per hour and the amount of claimable vePTP. To get access to these boosted yields, users must own PTP and stake it to receive vePTP. Copy the Avalanche, Double check that $PTP is detected and select Add Custom Token, Navigate to the Pool tab in the Platypus app. Platypus, it generates vePTP, the voting escrow token, which aims to increase the rewards of the token holders. As we wrap up this article, we want to express our sincere gratitude to our amazing community for their unwavering support and active engagement in shaping the future of our platform. The first snapshot vote has successfully passed the consensus check, representing a significant step forward in our mission to improve our platform.This major accomplishment sets the stage for an exciting announcement: the introduction of a Fee Sharing arrangement that we cant wait to tell you about in this article. Ways to Obtain vePTP - app.platypus.finance Click confirm. Introducing Fee Sharing: Empowering vePTP Holders through - Medium From the dashboard, youll find all the important details, which include your staked deposits, unclaimed PTP rewards and the current APR. The reward metrics based on the USDC pool are illustrated below: While the overall liquidity in the pool is 50,000,000 USDC, the aggregate liquidity in the Boosting Pool amounts to 70,000,000. 4. That being said, you can maintain some PTP staking to optimize your returns (i.e. Remember, the images are just mock-ups. As a Liquidity Provider (LP) on Platypus, you earn appealing returns with little to no effort. Every hour, you will get 0.014 vePTP for every PTP you stake. *Remember to claim vePTP, to start boosting your yield. We will be airdropping 3.0% of our total VTX token supply (100M tokens) to vePTP holders. All minted Heroes are born with 1 work skill: *Effectiveness of skill is determined by the trait scores of the NFT. You have an investment budget of 2,000 USD and you decide to contribute 2,000 USDC. Each attribute falls under either A, B, C, or D category in the grading system, A grade gives 4 scores while D grade gives 1 score. Tokenomics. In doing so, Vector also unlocks utility for the PTP token: users who convert their PTP into xPTP receive a large percentage of all yield generated by the protocol. Find out how Platypus NFT can give you a supreme advantage. MinT. Platypus Consulting Oy Company Profile - Dun & Bradstreet Booster Calculator . It will show your delegated PTP tokens and vePTP tokens you forfeit upon unstaking. Vector is launching soon so get your PTP and stablecoins ready! Early on we dove deep into the liquidity mining mechanism on Platypus from the ELI5 Part I and Part II. All vePTP will dissipate, (unless you got a Platypus hero with Hibernate, If you choose to return, youre back to square one, and will have to rebuild Platopia from scratch again. ProTip Platypus platform will never ask you for your seed phrase. Find company research, competitor information, contact details & financial data for Agritek Oy of VANTAA, Uusimaa. GitBook vePTP vePTP acts as a yield booster to maximize earnings and it gives users the right to vote and decide PTP emissions. Depositors can earn additional rewards from the Booster Pool by staking PTP tokens. You may need to consider which stablecoin to deposit when allocating your capital. Find company research, competitor information, contact details & financial data for Platypus Consulting Oy of VANTAA, Uusimaa. Platypus optimizes scalability and slippage while providing one of the best user interfaces. Platypus is a novel StableSwap built to redefine DeFi exclusively on Avalanche. To recap on How to Liquidity Mine, please click below link: Platopia is an Avalanche-powered, gamified interface where players can stake their crypto assets and earn rewards in a fun and delightful way. Hence, we want to do something truly different. However, this balanced allocation strategy is not necessarily better than a skewed allocation like Plan B in every situation. Eyes (4) . Platypus Finance community Platypus Finance news About Platypus Finance The Avalanche ecosystem is exploding, but until now it still lacks a dominant StableSwap with deep liquidity. Note that every 0.014 vePTP is generated from 1 staked PTP on an hourly basis with the maximum vePTP held from a deposit is equal to 100 times the PTP staked. Agritek Oy Company Profile | VANTAA, Uusimaa, Finland | Competitors Through ongoing distributions, buybacks, and airdrops, we aim to empower our community members and strengthen their connection to the platform. vePTP - Platypus Finance Docs Platopia: Dive into the world of Gamified Liquidity Mining 3. This allocation maximizes your weight and therefore your token emissions from the Boosting Pool. StableSwap are important not only for pegged assets, but also to solve the fragmented liquidity problem due to the existence of multiple bridges. We usually refer to it as 12 months for easy understanding. What is Echidna Finance Echidna Finance is a yield booster built for Platypus Finance. Click on the greenish blue Claim button to claim your rewards! and earn vePTP (vote escrowed PTP) by staking PTP in Platopia. With our beta launch around the corner, we prepared this simple guide to show you how to liquidity mine through our Base Pool and Boosting Pool. 2023 CoinMarketCap. they are locked in the private wallet of the user. How To Use Platypus Finance? - Avaxholic Plan B: You deposit 1,900 USDC and purchase 50 PTP for staking.Since 1 staked PTP generates 0.014 vePTP every hour, you now have 504 vePTP tokens (assume 1 month = 30 days). Old main pool LPs and USP holders at the time of the attack will be compensated. Check out what benefits they can give! Excited about the launch? Instead of simply airdropping to PTP holders, we wanted to make sure that only the most loyal token holders of PTP were. ConnecT. 4. Only one locking position can be created, and the maximum locking day is approximately 357 days. After the selected amount of PTP tokens is added, your booster APR % will appear as green text. Platypus - A Novel StableSwap: simple, flexible and scalable Once confirmed and completed, your staked PTP will start to generate vePTP. Compared to Scenario 1, your rewards from the Boosting Pool significantly outweigh your accumulated rewards from the Base Pool and now your total rewards grow to 13.8 PTP, which amounts to 165.6 PTP annually. However, if you decide to unstake any amount, you will lose all your vePTP. Scenario 1 is the same as Plan C. In Scenarios 2 and 3, other depositors have become more active in staking PTP and hence their aggregate weights have increased from 70,000,000 to 120,000,000 as compared to Plan A. Vector provides users with boosted stablecoin yields from Platypus, without having to own the PTP token. Early on we dove deep into the liquidity. Stake PTP to qualify for the vePTP airdrop. Platypus uses AVAX (C-chain) for gas fees so remember to fund your account with AVAX to deposit or swap coins on Platypus. Under this system, 100% of the ongoing fees will be allocated to vePTP holders. NFT Announcement & Whitelisting Campaigns. So are we. Thank you for sticking with us til the very end! Click on the green Stake button shown above, input the amount of your PTP to stake and click Stake. vePTP is neither transferable nor tradable due to the design of the smart contract, i.e., they are locked in the private wallet of the user. Increases vePTP generation by a fixed amount hourly(subject to cap), Retains a portion of vePTP upon unstaking (subject to cap), Increases your vePTP and vePTP cap by a fixed amount. (Weve decided to cut off wallets below a certain threshold since the airdrop value would be less than the gas price to claim.) Your earned PTP will be indicated as follows. We hope you found this article helpful as a Platypus holder and investor. However, your accumulated vePTP will drop to 0 as soon as you unstake any amount. The crux is whether the token emissions from one pool can fully compensate or even outweigh another in the range of volatility of liquidity weights. Each address can only mint up to a maximum of 5 NFTs. Get the latest business insights from Dun & Bradstreet. It has a circulating supply of 41,436,585 PTP coins and a max. Recently launched on the Avalanche network, Platypus is a low-fee, low-slippage platform for stablecoin swaps. From this moment, you begin to accrue vePTP rewards every second. vePTP is neither transferable nor tradable due to the design of the smart contract, i.e., they are locked in the private wallet of the user. To confirm the transaction, click Unstake to proceed. PTP is the native token of Platypus Finance. Greetings Platypuses! Different accounts can have different weightings (both account-level weights and depositors aggregate weights). point (1) still holds). Clothes. All crowdsourced PTP is permanently staked into Platypus to accrue vePTP for rewards boosting. Start by opening Metamask and switch to the Avalanche Network. For the latest updates, make sure to follow us on Twitter as well. VTX is our governance token for Vector Finance. What Is Platypus Finance? The Platypus WAR In 2023 Platypus.finance Introducing Fee Sharing: Empowering vePTP Holders through Revenue Distribution This article highlights the success of the first snapshot vote and unveils the exciting Fee Sharing .

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