JP-13 Open PTP-AVAX Market

High Level

PTP is the token of the Platypus Finance project. Platypus' AMM facilitates seamless exchange between pegged assets. The key concept underpinning Platypus’ design is asset liability management (ALM). Platypus is the first of its kind to use a single-variant slippage function instead of invariant curves.

PTP is a token native to Avalanche and it has good volume (+350k USD / week).

Specification

Chain : Avalanche Token information : Platypus, PTP Coingecko : https://www.coingecko.com/en/coins/platypus-finance Snowtrace : https://snowtrace.io/token/0x22d4002028f537599bE9f666d1c4Fa138522f9c8

Tokenomics

Supply cap : 300,000,000 PTP Circulating supply : 57,558,453.85 PTP (as of the 13th of February)

Summary

PTP is an Avalanche native token which has a lot of holders and good volume with most of its liquidity on a TJ v1 pool. It uses a less efficient pool which could be an argument to make LP migrate to a LB market.