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Platypus Finance
Platypus Finance

Platypus Finance

Dexes

Platypus Finance Review

Platypus Finance, launched in 2021 on the Avalanche blockchain, is a DeFi protocol that offers stablecoin swaps through a unique single-sided Automated Market Maker (AMM) model, enhancing capital efficiency. The platform stands out for its slippage model, which encourages liquidity balance across pools, allowing users to swap stablecoins with minimal loss. Platypus also features Platypus USD (USP), an overcollateralized stablecoin that supports convenient borrowing. With backing from DeFi-focused investors, Platypus includes governance and fee-sharing for vePTP token holders, who can influence decisions and earn from fee distributions, fostering a collaborative community.

TVL
$146 762
Blockchain
N/A
Promo bonus
No bonus for now
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Platypus Finance offers

USDC
Est. APY
0.78%
Status
Available
Term
Flexible
TVL$192 745
Blockchain
Avalanche
Avalanche
USDC
Est. APY
0.02%
Status
Available
Term
Flexible
TVL$3 796 068
Blockchain
Avalanche
Avalanche
USDC
Est. APY
0.14%
Status
Available
Term
Flexible
TVL$310 370
Blockchain
Avalanche
Avalanche
USDT
Est. APY
0.11%
Status
Available
Term
Flexible
TVL$247 454
Blockchain
Avalanche
Avalanche
USDC
Est. APY
0.21%
Status
Available
Term
Flexible
TVL$70 761
Blockchain
Avalanche
Avalanche
USDC
Est. APY
0.15%
Status
Available
Term
Flexible
TVL$21 592
Blockchain
Avalanche
Avalanche
YUSD
Est. APY
0.1%
Status
Available
Term
Flexible
TVL$183 527
Blockchain
Avalanche
Avalanche
MIM
Est. APY
0.1%
Status
Available
Term
Flexible
TVL$30 671
Blockchain
Avalanche
Avalanche
WAVAX
Est. APY
0.03%
Status
Available
Term
Flexible
TVL$228 332
Blockchain
Avalanche
Avalanche
WAVAX
Est. APY
0.21%
Status
Available
Term
Flexible
TVL$186 302
Blockchain
Avalanche
Avalanche
USDC.e
Est. APY
0.12%
Status
Available
Term
Flexible
TVL$272 092
Blockchain
Avalanche
Avalanche
USDT.e
Est. APY
0.13%
Status
Available
Term
Flexible
TVL$187 173
Blockchain
Avalanche
Avalanche
MONEY
Est. APY
0.12%
Status
Available
Term
Flexible
TVL$144 240
Blockchain
Avalanche
Avalanche
WETH
Est. APY
0.07%
Status
Available
Term
Flexible
TVL$233 169
Blockchain
Avalanche
Avalanche
YYAVAX
Est. APY
0.12%
Status
Available
Term
Flexible
TVL$320 962
Blockchain
Avalanche
Avalanche
BTC.b
Est. APY
0.01%
Status
Available
Term
Flexible
TVL$216 347
Blockchain
Avalanche
Avalanche
DAI
Est. APY
0.17%
Status
Available
Term
Flexible
TVL$46 350
Blockchain
Avalanche
Avalanche
AnkrETH
Est. APY
0.08%
Status
Available
Term
Flexible
TVL$76 274
Blockchain
Avalanche
Avalanche
USDT
Est. APY
16.84%
Status
Available
Term
Flexible
TVL$34 952
Blockchain
Avalanche
Avalanche
USDC
Est. APY
16.48%
Status
Available
Term
Flexible
TVL$50 802
Blockchain
Avalanche
Avalanche
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Crypto earn alerts on Platypus Finance

Criffy provides an ideal way to stay on top of earning programs across protocols and dApps. For Platypus Finance, you can easily track new earning opportunities, monitor APY changes for specific offers, and receive notifications when you can start earning interest on a particular cryptocurrency. Setting up an alert helps you stay informed about the best earning opportunities on Platypus Finance.

Earning crypto on Platypus Finance

Protocols and dApps offer various options to earn crypto, like lending or participating in liquidity pools. With Criffy, you can easily track five different earning options from Platypus Finance. Check the table above for all the details.

Current TVL of the Platypus Finance protocol

The Platypus Finance protocol's Total Value Locked (TVL) is currently $146 762. TVL is a helpful metric in DeFi, showing the total assets users have deposited into a protocol’s smart contracts. It gives a snapshot of liquidity and the level of trust from the community, helping to show how much value a platform like Platypus Finance is holding.

Platypus Finance protocol type

Platypus Finance is a decentralized exchange (DEX) designed to simplify crypto trading directly from users' wallets. It operates on automated market maker (AMM) technology, enabling secure, direct transactions between users without a central authority. This setup ensures transparency, keeps fees lower, and allows users to manage their assets independently. Whether you’re trading or providing liquidity, Platypus Finance offers a reliable and accessible option in the decentralized trading space.

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