Community is the heartbeat of any successful protocol & we want to hear from you!
Join us on our governance forum to share your brilliant ideas, provide comments, and help shape the future of Platypus.
Your voice matters and together, we'll take @Platypusdefi to new heights!
@Axel443639451@DeFi_Made_Here@FarmerTuHao@fritocreampie@rektdiomedes @Platypusdefi I've advised them in their early stages and our aim is to improve stableswap in the industry.
Despite differing governance decisions, we see ourselves as friends, not rivals. We appreciate supporting each other and contributing to DeFi's growth.
@Axel443639451@DeFi_Made_Here@FarmerTuHao@fritocreampie@rektdiomedes @Platypusdefi Wombat is not our fork.
We share the same idea of developing a single-sided open liquidity pool incorporating the ALM concept and coverage ratio, but the algorithms used by Wombat are different from Platypus'.
@FaridRached @Platypusdefi We can't provide certainty on it but with full decentralization, our community can directly be involved in the decision-making process.
I am thrilled to announce that @Platypusdefi is moving towards full decentralization in the near future. Ensuring that our community has control and ownership is our top priority.
Stay tuned for updates on our progress as we work towards achieving true decentralization.
Many of you have already heard about the imminent launch of $USP - our very own stablecoin. The most innovative revolution yet seen in the space.
Now, let's take this time to talk about why USP would play a vital role on Platypus ๐งต
https://t.co/TbybgEXYt5
Web3 shouldn't be so hard. Core makes it easy ๐ฆโ
@coreapp is the command center that lets you focus on what you want to do on-chain, rather than how or where to do it.
https://t.co/ahr1jeGKqp
7/ Minimizing External Influence
As a stableswap, liquidation can be done internally which makes the process as smooth as possible.
Thanks for staying til the end! More info on USP will be released!
6/ Lowered Risk
Platypus provides the core pegging mechanism of USP through the coverage design, providing arbitrage opportunities & allowing the market to adjust itself. The fact that all underlying collaterals are held on Platypus reduces one layer of smart contract risk.