有用過PTP的人,都知道他的穩定幣交易滑價低到非常驚人。
這邊是介紹他如何做到的。
這是一個長期的協議,在熊市中最好的布局。
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https://twitter.com/platypusdefi/status/1502293208591908864?s=21
🚨 We are seeing a big wave of new users joining Platypus!🚨
Here are some educational tweets 🧵 to keep everyone in the loop.
PS: we also have a big new feature coming up next week - the new Interest Rate Model.
👀 Watch out for updates!
1/
Platypus has a myriad of innovations in protocol design as a stableswap💪
The most groundbreaking one is its open liquidity pool design which essentially eliminates IL and improves capital efficiency – the lowest slippage for swapping in large volumes.
👉 Here’s how and why:
2/
In an open liquidity pool, all stablecoins (including newly listed ones) are in the same pool. This design gives users great flexibility 🦾 for asset allocation, as no one has to hold on to coins they don't like to be an LP❗
3/
🤜 One major pain point of LPs: receiving a different asset from what was originally deposited😔.
☝ Most protocols mandate users to deposit 50:50 token pairs. Hence, users are forced to hold on to assets they may not even want in the first place.
4/
Most of the time, pools are imbalanced 👎 👎
The ratio between 2 assets is not always 50:50, and it solely depends on the change of relative % of token ratio in a pool. Thus, LPs risk holding most of the tokens they don't like. This accounts for IL 💀
5/
Platypus allows you to deposit just one type of token to be an LP 👏
Though there are some protocols that also use single-sided liquidity provision, Platypus is totally different.
✍ Our LP tokens specify the exact amount and type of tokens LPs have deposited.
6/
This allows LPs to get back the exact amount of the same type of tokens upon withdrawal, and thus eliminate IL. You may wonder how this can be achieved. Let us introduce you to an innovation we brought to the DeFi space – Asset-Liability Management (ALM).
7/
🧮 Classic accounting concepts are brought into DeFi
Under ALM, every stablecoin has its own account in an open liquidity pool. Each account has an asset & liability side. When one stakes 100 USDT in Platypus, USDT account has 100 USDT more on both asset and liability side
8/
When one swaps 20 USDC for 20 USDT, USDT account has 80 USDT on asset, 100 USDT on liability (owed to LP), and USDC account has 20 USDC on asset. Liability remains unchanged in USDT account, which makes sure that LP token holders can get back 100 USDT owed by Platypus!⚖️
9/
But in this e.g, Platypus only has 80 USDT and 20 USDC, how would LPs be repaid 100 USDT? This leads to another concept introduced by Platypus to ensure smooth operation - Coverage Ratio! It refers to the ratio of asset relative to liability in each stablecoin account.
10/
In the e.g, USDT coverage ratio is 0.8 (
7/ The multiverse incentive program is the key to unlocking new development on Avalanche, and has the potential to solidify $AVAX as a "layer 0" similar to $ATOM or $DOT.
Here are some of the applications of subnets that were announced:
8/ The program "enables a rich ecosystem of scalable app-specific blockchains", which is especially valuable regarding the gaming space.
AVAX has amazing DeFi applications, but the gaming space is what sets $AVAX apart.
We are now seeing @DefiKingdoms getting its own subnet:
9/ @PlayCrabada also got its own subnet called "The Swimmer Network".
It's a dedicated blockchain for gaming, which leverages the Avalanche network.
I think we're about to see many similar chains also launching on $AVAX. 👀
When it launches, you can lock up $JOE for veJOE to boost rewards.
16/ This model will reduce the circulating supply of $JOE as people lock up the token. If successful, it will hugely benefit both holders and lockers of the token.
I'll keep you updated on the situation as it develops, so make sure you have those notifications on. 😉
17/ Let's talk macro: $AVAX is currently down -52% from ATHs, with $JOE down 81.5% from highs.
With market uncertainty, I wouldn't be apeing now. But I always suggest DCAing into quality projects and accumulating via farming.
18/ If you enjoyed this thread, make sure to give it a like and retweet!
I covered this topic in more depth on yesterday's show: