According to official sources. Platypus announced that after a month of upgrading its testnet, its team will launch its Alpha mainnet on Avalanche on Monday, November 29, 2021.
Allow users to exchange between USDT, USDC, DAI and MIM with low slippage. Users can also provide liquidity for the aforementioned stablecoins. However, please note that Platypus limits its liquidity pool to $2.5 million per stablecoin. The total is 10 million U.S. dollars.
Earlier news, Platypus received a grant through the Avalanche-X program. In order to launch Avalanche’s original StableSwap with an open unilateral liquidity pool. The Platypus protocol aims to extend the scalability and capital efficiency of StableSwap. With the support of Avalanche, the Platypus testnet will be launched at the beginning of the fourth quarter. It is reported that Avalanche-X is an accelerator for developers to build decentralized financial applications.