Let's participate in the war

TheRedKnight
Coinmonks
6 min readMar 11, 2022

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There is a war going on, not the Russian-Ukraine one, but on the chain.
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What war am I talking about?

Platypus is a stable avalanche swap with less slippage than the curve and unique tokenomics.

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More on Platypus in this article.

With two new protocols created on top of Platypus, users may earn more stable coins by putting their PTP tokens into these two systems and getting the most out of their bet. The PTP wars in Avalanche were sparked by these two protocols, Vector Finance and Echidna.

Why these protocols are built on top of Platypus?

If you’ve read my earlier Platypus article, you’ll be familiar with the PTP-vePTP model’s uniqueness. The TLDR is that you contribute stable coins to Platypus, and in return, you receive PTP tokens at a certain pace. Your enhanced APR on the deposited stable coin, which is calculated by this vePTP, will be given to you if you stake PTP. Your APR will increase in direct proportion to the amount of vePTP you claim.
If you unstake even one PTP, your vePTP will drop to zero. This means no boosting on your stables, sir.

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TheRedKnight
Coinmonks

Anything Related to crypto is always under my radar. But none is financial advice. As a guy who dreams decentralized world, let my face remain unknown.