Platypus Finance Yield Farming
The Platypus Finance protocol provides great yield farming opportunities thanks to their popular stablecoin swap. If you deposit a stable coin like USDC or USDT, you will be able to earn yield paid on PTP that is a reward for users swapping on the platform.
This is a way to redistribute protocol revenue to investors who provide liquidity to the Platypus stable swap. You can also get boosted yields with vePTP staking.
Platypus Finance vePTP
Platypus Finance allows users to stake their Platypus (PTP) tokens to earn vePTP. vePTP is a non-transferrable token that accumulates over time as you keep your PTP tokens staked, or locked on the platform.
As your vePTP holdings increase, so do the yields you are receiving from your stablecoin yield farming. You can get APY boosts of up to 25% if you hold your vePTP on Platypus for a long period of time.
Is Platypus Finance Safe?
Yes - Platypus Finance is an extremely safe decentralized protocol because they are backed by top tier investors like Three Arrows Capital, and have audits from the best security teams. There is currently over $1 Billion locked in the Platypus Finance protocol, which means it is trusted by large institutions.
If you need to get funds onto the Avalanche blockchain to use Platypus, read out ETH to AVAX Bridge Guide.
Platypus Finance Price
The chart below is the live Platypus Finance (PTP) price in US Dollars.