PlatypusFi Celebrates Its Merger With Defimons

PlatypusFi recently partnered with Defimons under its initiative to enter the Metaverse. PlatypusFi has now announced that it is celebrating the merger with a giveaway contest where participants stand a chance to win 3x Early Access mint spots.

Participants only have to follow PlatypusFi and Defimons, like the tweet published by PlatypusFi, retweet it, and tag a minimum of three friends.

The giveaway contest is live, and it closes in 24 hours. Head over to the official Twitter handle of PlatypusFi to participate in the contest and stand a chance to win the giveaway. When drafting this article, the tweet received 65 retweets, 126 likes, and 3 quote tweets.

Kindly note that it is mandatory to complete all the steps to be eligible for the giveaway reward.

Defimons is an interoperable MMORPG that is currently being developed by the team. It is an endless opportunity for hunting monsters in the Metaverse. The game can be played on a web browser.

Players can engage with the content in three ways:-

  • First, they can explore different regions to find monsters and fight them to catch them.
  • Second, players can own and design their own small virtual space in the Metaverse. The drag and drop interface makes it easier for players to function in the game.
  • Third, various minigames can be enjoyed by hundreds of players. These minigames are based on popular games from the 90s.

PlatypusFi is here to change the way stableswap functions. The segment has been clouded with liquidity fragmentation and a bad user interface. It has been reported that a bad user experience is constantly affecting the chances of PlatypusFi scaling the protocol.

There is a higher slippage due to liquidity fragmentation, a situation where liquidity cannot be shared among different pools. The mechanics of PlatypusFi have been thoughtfully crafted by the team exclusively on Avalanche. The team has developed a whole new AMM to allow maximal capital efficiency.

PlatypusFi has become the first of its kind to use a single variant slippage function instead of invariant curves through this update.

The issues have been resolved by providing an open liquidity pool to lower the slippage. Focus on flexible pool composition has allowed every asset to scale differently based on its natural supply, thereby increasing scalability. User experience is far better as it allows users to deposit and withdraw their tokens in the same value without worrying about the size and composition of the pool.

Mr. Duckbill, the Founder of Platypus, said that its AMM facilitates seamless exchange between different pegged assets, and its single-sided liquidity provision redefines the way AMM works.

The platform is backed by DeFinance Capital, Three Arrows Capital, and TPS Capital, to mention a few. The giveaway contest is live. Head over to the official Twitter handle of Platypus to participate in the contest.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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