Platypus creates a new AMM approach on Avalanche, featuring open liquidity through a single-sided system that manages risk automatically using the coverage ratio for maximum capital efficiency. At the core of Platypus’ architecture is asset liability management (ALM). Platypus is the first of its kind to rely on one slippage function rather than using invariant curves.

With Platypus, users can deposit and withdraw tokens of the same type without needing to think about the pool’s composition or size, even considering differences between a token and its LP token.

Lower Slippage

Platypus’s open liquidity pool design supports stronger capital efficiency and a lower slippage rate compared with other stableswaps.

Higher Scalability

Because pool composition is flexible, each asset can grow in step with its natural supply.

Better User Experience

With Platypus, you can always deposit and withdraw a token of the same kind, without worrying about pool composition or pool size.