Echidna Strategic Partnership With Terra
Echidna is thrilled to announce our strategic partnership with Terra!
The partnership will help drive UST adoption in Avalanche — a triple win for, UST users and AVAX!
To commemorate the start of a fruitful partnership, Echidna will launch the Double Reward Farm on top of Platypus’ UST Double Reward Farm to form an Echidna exclusive Double-Double Reward Farm consisting of 2x UST, PTP, and ECD emissions.
Platypus UST Double Rewards Farm
PTP emissions and bonus UST rewards from Platypus are evenly split between the UST pool and the USDC pool paired with UST (USDC_UST pool).
Users should split their deposit between UST and USDC in order to be eligible for the full allocation of PTP and UST rewards.
Click here for more info on Platypus’ Alternative Pools
Echidna UST Double-Double Rewards Farm
Echidna’s Double-Double Rewards Farm will align with Platypus’ 50/50 rewards allocation. UST LPs should deposit liquidity into the UST and USDC_UST pools in Echidna to become eligible for 100% of Echidna’s bonus UST and ECD emissions as well as boosted PTP and bonus UST from Platypus. All UST rewards will be fully remitted to the users. Echidna will not collect any fees on UST.
Start Date — 7 April 2022, 8:00am UTC
Duration —8 weeks
Deposit — UST & USDC
Reward Amount — $100K UST and $50K ECD
Rewards Breakdown and Comparison
Platypus Finance (no boost)
- PTP (boosted if user is staking PTP)
- UST from Platypus
Echidna Finance
- Boosted PTP rewards
- UST from Platypus
- UST from Echidna
- ECD from Echidna
TLDR: Deposit your UST & USDC at Echidna to earn UST + PTP +ECD + more UST
About Echidna Finance
Echidna Finance is the ultimate yield boosting protocol for Platypus Finance. Echidna aggregates PTP and stakes then into Platypus permanently to build our vePTP treasury. Anyone can leverage our treasury to maximize their stablecoin APRs on Platypus without owning PTP.
