Hong Kong, Hong Kong, 13th December, 2022, Chainwire
Platypus Finance is launching USP, a protocol-native stablecoin. USP’s deployment has emerged from Platypus’ goal of improving capital efficiency for its users. USP also resolves long-running collateral issues associated with stablecoins. The native Platypus Finance stablecoin has been designed to reduce the liquidity fragmentation and scattered assets that are endemic to many protocols.
USP is pegged to the US dollar, operating as an overcollateralized stablecoin that provides a layer of security in cases of depegging with its unique Adaptive Peg Stabilizer. The coin maintains its value itself with the Platypus stableswap AMM algorithm and coverage ratio model.
Platypus’ native stablecoin dramatically enhances capital efficiency for users of the Avalanche DEX. It takes advantage of single-sided collateral and allows users to sit comfortably with minimum smart contract risk. USP can be earned by users by collateralizing their
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