Unlike the many DEXs we’ve been graced with. Platypus is quacking its way to the bank with a novel approach.They’re leaving out the usual dual pair stablecoin LP tokens. And instead, going for a stronger method.Playtpus’s secretI say secret, but there are a few:Single sided stakingShared liquidity between tokensFlexible pool compositionRisk management mechanisms against malicious arbitrageProfit sharing through “haircut” feesIF you want to read into the magic: Platypus yellow paper. It’s fairly complex, but hopefully, we’ve gleaned the pearlers above.When launch?Very soon. How soon? Q4 2021.We can expect the following:Beta launchPublic SalesFull launchFuture featuresThese should be here in the near few months.Scam!Fortunately, this oen looks like it’s solid. And here are the reasons why:Avalanche backing. They were awarded an Avalache X grantPrivate sale. Not my favourite, but, where there’s professional money, there’s likely an element of professionality. Smart money.The core tenantsL...
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Platypus developing novel stablecoin swap (Q4 2021, Avalanche-X Grant Backed)
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