The Platypus Finance IDO on Avalaunch

Registration Schedule:

• Registration Opens: December 9th at 3:00 p.m. (UTC)
• Registration Closes: December 12th at 6:00 a.m. (UTC)

Sale Schedule:

• Validator Round Begins: December 13th at 6:00 a.m. (UTC)
• Validator Round Closes: December 13th at 3:00 p.m. (UTC)
• Staking Round Begins: December 13th at 3:30 p.m. (UTC)
• Staking Round Closes: December 14th at 6:00 a.m. (UTC)

How to participate

• In order to participate in sales on Avalaunch, you must register and pass KYC first. You can still stake and earn XAVA without registering;
• Once you have registered and submitted your KYC, you must verify your wallet. This is the only wallet you will be able to use for sales;
• By staking any amount of XAVA, you earn allocation in IDOs. If you do not want to participate in sales, you can still benefit from staking;
• During the registration period, you must confirm your interest in participation. Once registration closes, you will not be able to register until the next sale.

About Platypus Finance

Platypus invents a whole new AMM on Avalanche – Open liquidity single-sided AMM managing risk autonomously based on the coverage ratio, allowing maximal capital efficiency. The key concept underpinning Platypus’ design is asset liability management (ALM). Platypus is the first of its kind to use a single-variant slippage function instead of invariant curves.

In Platypus, users can deposit and withdraw tokens of the same kind without concern of pool compositions or size, or even the difference between token and LP token.

Lower Slippage

The Platypus’s open liquidity pool design enables higher capital efficiency and lower slippage rate comparing with other stableswaps.

Higher Scalability

Flexible pool composition allows each asset to scale naturally based on its organic supply.

Better User Experience

You can always deposit and withdraw token in the same kind, without worrying about the pool compositions or pool size.