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.

Website | Twitter

SOURCE: https://medium.com/platypus-finance/the-new-locking-mechanism-on-platypus-cd5db06619d2

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Why Platypus Launching USP?

By using stableswap TVL as LP collateral, Platypus Launching own Native Stablecoin USP they were able to significantly increase capital efficiency. Platypus is a system that can combine stableswap and stablecoin, which offers them the possibility for optimal capital efficiency.

Platypus can always liquidate collateral to any other stablecoin apart from USP, through liquidation routing. Think of LUSD — it’s quite similar.

How Does it Work?

• Stage one mints USP stablecoins using Main Pool LP tokens! Users can continue to farm on Platypus liquidity pool with their LP tokens.
• USP’s coverage ratio in the Main Pool will determine the borrowing interest rate.
• All actions from deposit and farming to minting and liquidation happen on Platypus Finance only and smart contract risk is minimized
• Each token has different collateral factors
• Users can enjoy up to 20x leveraged farming

How USP pegs maintained?

Platypus stableswap AMM and interest rate model sustain the peg. The key in maintaining USP peg is the solvency of the balance sheet.

Final Thoughts

Platypus values capital efficiency for the economy and its people. Our native stablecoin (USP) allows LPs to leverage their holdings by using issued USPs for further investment.

About Platypus

Platypus Finance is a stable cryptocurrency single-side AMM on the Avalanche blockchain (ERC20 tokens).The protocol’s smart contracts promote security, self-custody, censorship resistance, and capital efficiency.

Website | Twitter

SOURCE: https://medium.com/@Platypus.finance/platypus-to-launch-native-stablecoin-usp-d68906da25b5

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How does Protocol Protection work?

Protocol Protection is a next-generation protection device that provides comprehensive protection against all types of on-chain threats. It covers the majority of dangers that may arise in a decentralized environment, and the new approach fills several gaps in the present De-Fi insurance market. Degis Integration with Platypus

Protection Pool + Priority Pool Double Protection Design

The protection pool is the storage pool for protocol protection monies, and it is responsible for paying all compensations. Users can stake the shield in the protection pool to underwrite all insured Degis projects. They will get Pool LP tokens as a reward for staking.

Each project has a Priority Pool that will be utilized first to compensate claim events. Underwriters may stake the protection pool LP token to the priority pool to get more mining rewards. If this protocol has a claim event, liquidity providers will lose protection pool LP tokens and the shield.

Protocols to Provide Protection & Premium, the maximum coverage ratio

Degis will give Protocol Protection with the first Annualized Premium and Maximum Coverage Ratio if over 50% veDEG votes in favor.

About Platypus

Platypus Finance is a stable cryptocurrency single-side AMM on the Avalanche blockchain (ERC20 tokens).The protocol’s smart contracts promote security, self-custody, censorship resistance, and capital efficiency.

Website | Twitter

About Degis

Degis, the all-in-one protection market built on Avalanche, aims to protect your asset from every possible risk. The ultimate goal is to build an universal crypto protection platform and shape decentralized protection ecosystem.

Website | Twitter

The post Degis Integration with Platypus appeared first on Smart Liquidity Research.

What’s Voting Gauge?

It is a new feature that gives vePTP holders the ability to control where PTP emissions enter the gauges. The PTP emission will be spread proportionately based on each pool’s gauge weight. Therefore, the more the number of votes a pool receives, the more PTP emission will be given to it, leading in a higher APR for the pool.

Not a vePTP holder yet? Stake PTP to acquire vePTP now: https://app.platypus.finance/stake

What’s So Special About their Voting Design?

It’s a dynamic emission! No cooldown period between votes, and vePTP holders can modify their votes at any time. Moreover, PTP emissions and gauge weights update in real-time. Whenever the voting ratio changes, the PTP emission will adjust accordingly.

How Can Voting Gauge Benefit Me?

For the tokens listed on Platypus, they all want more PTP emissions to make their pool more attractive to LPs, in order to increase the usage of their own tokens. Therefore, they are willing to provide bribes to attract and secure more votes.

What are Bribes?

Bribes are the additional incentives for voters. They are provided by third-party protocols to attract more votes from vePTP holders. As our platform supports bribes natively, users can look for the bribe incentives from different protocols, vote for different token pools and claim bribes in the same page seamlessly.

How Do I Vote And Claim Bribes?

Voting

1. Add a gauge.
vePTP holders can add more than one gauge. You can choose to vote for one or multiple gauges.

2. Adjust your vote weight in percentage.

3. Confirm your vote.

4. You can modify your vote at any time.

Claiming Bribe

You can earned bribe incentives will be automatically claimed on voting

With the commencement of gauge voting on the platform, more stablecoin and liquid staking token listing will be available on Platypus.

About Platypus

Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability and superb UX. Exclusively on Avalanche.

Website | Twitter

SOURCE:

https://medium.com/platypus-finance/here-comes-platypus-voting-gauge-c5baf17aafe5

The post Platypus’ Voting Gauge! appeared first on Smart Liquidity Research.

The move will take place on August 16 at 9:30 UTC. Make a note of the migration in your calendar and prepare ready for it! MONEY Migrating to the Alternative Pool

Will It Affect The Pool’s APR?

Definitely YES! The total APR of this pool will be much higher because of following updates: (1) Moremoney will QUADRUPLE (4x) their emission, and (2) they will provide boosting incentives for MONEY pool.

Remember to Migrate Your Funds to New MONEY Pool!

If you have funds on MONEY Pool, you will need to migrate your funds to the new pool. Here is a step-by-step guide on how to migrate:

1. If you currently have funds on MONEY pool, you will see a notification on the top section of your account informing you about the new contract being available.

2. On the Migration Page, you will see the total amount of staked MONEY in the old contract.

3. Follow the steps and approve the transaction in your wallet.

4. you’re all set!

ABOUT PLATYPUS

The Platypus Finance protocol is a single-side AMM (decentralized exchange) designed for exchanging stable cryptocurrencies (ERC20 tokens) on the Avalanche blockchain. Platypus, redefining Stableswap with novel single-sided liquidity provision. Low slippage, high scalability and superb UX. Exclusively on Avalanche.

Website | Twitter 

ABOUT MOREMONEY

Moremoney is a protocol for borrowing stablecoin while earning more than decent interest on liquidity pool tokens and other collateral assets. The protocol can convert the most popular tokens, e.g., ETH, WBTC, USDT, AVAX, into ibTKNs.

Website | Twitter

SOURCE:

https://medium.com/platypus-finance/money-is-migrating-to-the-alternative-pool-4e781e5e7cee

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