PIP #2 — Haircut Adjustment

Abstract Adjust the haircut of sAVAX, yyAVAX and ankrAVAX pool to stay competitive

Motivation To enhance the competitiveness of the swap of the liquid staking pools, we have to keep an eye on the ecosystem and to keep our haircut competitive.

Haircut is very vital to us because it is the major revenue source of our protocol. If our haircut is the lowest among all DEXs on Avalanche, we can gain more fees while most of the DEX aggregators suggest using platypus to route their assets.

Approaches Engage with DEX aggregators such as 1inch and request integration of our pools. The community can monitor the performance after the adjustment.

Specification Existing haircut for sAVAX, yyAVAX and ankrAVAX pool: sAVAX: 0.03% yyAVAX: 0.03% ankrAVAX: 0.1%

Suggested haircut for sAVAX, yyAVAX and ankrAVAX pool sAVAX: 0.02% yyAVAX: 0.02% ankrAVAX: 0.02%

Next Steps If the proposal passes both temperature and consensus check, Platypus team will adjust the haircut accordingly.

Temperature Check URL: https://gov.platypus.finance/t/temperature-check-haircut-adjustment-savax-yyavax-and-ankravax-pool/120/8

References N/A