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Echidna Finance is a yield-enhancement protocol built for Platypus Finance. Echidna brings together PTP by aggregating it and then staking it into Platypus permanently, with the goal of forming the vePTP treasury. Users can tap into this treasury to push their stablecoin APRs higher on Platypus, even if they don’t hold PTP.
Stablecoin holders can route their stablecoins into Platypus straight from Echidna using its Zap feature. This workflow merges stablecoin staking on Platypus with later LP token staking on Echidna, letting you auto-stake your stablecoins with less hassle. Likewise, Platypus LP holders can place their LP tokens into Echidna to improve returns, without needing to own any PTP.
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