Platypus

Platypus, the innovative AMM introduced on Avalanche, addresses the major issues observed in first-generation stableswaps' Closed liquidity pools. The problem of liquidity fragmentation, where different pools cannot share liquidity, is a common occurrence that results in higher slippage. Furthermore, other stableswaps typically require multiple tokens of equal value within a pool, complicating pool compositions and making it challenging to pair LP tokens with new tokens. This complexity impedes the protocol's scalability and negatively impacts the user experience.

In contrast, Platypus revolutionizes the space by offering an open liquidity single-sided AMM on Avalanche. It effectively manages risk autonomously through a coverage ratio system, ensuring maximum capital efficiency. The key concept behind Platypus' design is asset liability management (ALM), which enables efficient management of assets and liabilities. Notably, Platypus stands out by utilizing a single-variant slippage function instead of relying on invariant curves, making it the first of its kind.

The notable benefits of Platypus' open liquidity pool design include higher capital efficiency and lower slippage rates when compared to other stableswaps. This unique approach enhances the trading experience and provides traders with better crypto tools for analysis and research. As crypto trading experts, we recognize the value of such innovative tools for crypto trading, including charting tools, research tools, and investigation and monitoring tools for cryptocurrencies. Platypus offers access to these top-notch crypto tools outstandingly well.