What is the current price of Platypus Finance (PTP)?

The current price of Platypus Finance (PTP) is 0.0000737044910616265 AUD, representing a -2.21 from the day prior.

Can I buy Platypus Finance (PTP) on Coinstash?

Yes - you can easily buy and sell Platypus Finance (PTP) on Coinstash. Simply login or sign up, to start buying Platypus Finance (PTP) in minutes.

Where is the best place to buy Platypus Finance (PTP) in Australia?

The best place to buy Platypus Finance (PTP) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Platypus Finance (PTP) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.

What is the daily trading volume of Platypus Finance (PTP)?

The trading volume of Platypus Finance (PTP) is 75 AUD in the last 24hrs, representing a -2.21 from the day prior.

How can I buy Platypus Finance (PTP)?

Platypus Finance (PTP) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.

What is the market cap of Platypus Finance (PTP)?

The current market cap of Platypus Finance (PTP) is 17.1K AUD.

Can I convert Platypus Finance (PTP) to cash?

Yes - With Coinstash you can convert your Platypus Finance (PTP) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.

How many Platypus Finance (PTP) are there?

The current circulating supply of Platypus Finance (PTP) is 228.5M.

Is Coinstash a safe place to buy Platypus Finance (PTP) in Australia?

Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Platypus Finance (PTP) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.

Buy Platypus Finance (PTP)

What is Platypus Finance?

Platypus Finance is a decentralized finance (DeFi) platform that operates as an automated market maker (AMM) on the Avalanche blockchain. It is designed specifically for stablecoin exchanges and incorporates a unique asset liability management system. Launched on 20 December 2021, the platform aims to enhance stablecoin trading efficiency with innovative features like unilateral liquidity provision.

How does Platypus Finance work?

Platypus Finance operates on the Avalanche blockchain, utilizing a Proof of Stake (PoS) consensus mechanism. It features a novel StableSwap algorithm, enabling a single-sided liquidity provision mechanism for stablecoins that reduces slippage and improves capital efficiency. The platform uses asset liability management through a coverage ratio to mitigate default risks and facilitates easy addition of new tokens to liquidity pools. Core smart contracts handle operations such as fees, slippage, and swaps.

What are the potential use cases for Platypus Finance?

Platypus Finance primarily serves the DeFi and cryptocurrency trading sectors, facilitating stablecoin exchanges with reduced slippage. Its asset liability management system is useful for DeFi lending and borrowing applications, integrating into yield farming and liquidity provision mechanisms. Additionally, its design has the potential to be applied in traditional financial services for lending and borrowing. Strategic partnerships, such as with the Avalanche blockchain, augment its scalability and security.

What is the history of Platypus Finance?

Launched in December 2021 as part of the Avalanche DeFi ecosystem, Platypus Finance aimed to become a predominant StableSwap platform with deep liquidity. Since its inception, the platform has experienced various security incidents, including a significant exploit in February 2023 that led to a $9 million loss. Despite challenges, Platypus Finance has continued to evolve its technology, focusing on providing innovative solutions for stablecoin trading and liquidity management.