Platypus New PTP Locking Mechanism
Platypus New PTP Locking Mechanism, new locking mechanism is expected to launch on 30th on January.
About the new locking model
This new model lets users get vePTP right away for certain amounts of time. Platypus New PTP Locking Mechanism, users can also make their locking period longer and lock more PTP to give themselves the most freedom to meet their own needs.
Will the staking model stay the same?
The maximum limit for staking was 100x in the past. This time, they raising it to 180x, meaning that PTP stakers in place already may continually acquire more vePTP. With the exception of the Gifted NFT, NFTs are only applicable to the staking model. Users who want to take advantage of Gifted’s immediate advantages must wager a little sum of PTP.
Gifted NFTs are a great way to speed up the vePTP generation rate and increase your chances of winning a race. Users who lock to stake a small amount of PTP can get instant benefit of Gifted. If you have a pudgy NFT, you can get 180x vePTT (or more if you have an extra large NFT) with each stake.
Why is Platypus introducing a new model?
They love providing our users with more options and flexibility. This is their method of accommodating a wider range of users and facilitating the simple onboarding of more new members.
Since the max quota for staking has been raised, OG users may make more vePTP by staking long-term.
About Platypus
Platypus invents a whole new AMM on Avalanche – Open liquidity single-sided AMM managing risk autonomously based on the coverage ratio, allowing maximal capital efficiency.
SOURCE: https://medium.com/platypus-finance/the-new-locking-mechanism-on-platypus-cd5db06619d2
