In the Platopia realm, utility nonfungible tokens (NFTs) can be minted and traded to catalyze superior yield performance. Platypus is already leading the race with its novel automated market maker, genius algorithm and innovative concepts, and the launch of its GameFi will transform how users interact with decentralized exchanges.
As the platform dives deeper into the world of GameFi, it is crucial to note that Platypus is not solely turning into a GameFi. Users still have the choice to use the original interface that made Platypus the dominant stableswap it is today.
Welcome to the world of Platopia
Starting out in a desolate snow land after an apocalypse, Platopia is a city-building simulation game where players can stake their crypto assets and earn rewards in a fun and creative way. The first phase of Platopia’s roadmap is a gamified interface, and a full-on world of interactivity will be released in the future.
The most revolutionary part is the yield-boosting NFT. It will change how liquidity providers earn returns with various features and advantages.
As users of Platypus already know, their voted escrow PTP (vePTP) is a token that rushes liquidity providers’ returns forward to a voluminous APR. Platypus NFTs add even more spice and spark, and there are only 10,000 to be minted.
Each NFT is a unique Platypus Hero with randomly generated attributes. These attributes are brought together indiscriminately through the minting process that equals a score determining the class of the NFT.
Platypus Heroes are born with one skill. These skills, along with the NFT score, influence yield-boosting capabilities.
- Speedo speeds up vePTP generation percentage.
- Pudgy increases vePTP cap percentage.
- Gifted increases users’ vePTP and vePTP cap by a fixed amount.
- Diligent increases vePTP generation by a fixed amount, subject to its cap.
- Hibernate retains a portion of vePTP when unstaking, subject to its cap.
Users can possess more than one NFT; however, each address can only be equipped with one for yield boosting.
Owning a Platypus NFT also provides other perks, such as an exclusive Discord channel and access to alpha leaks for Platypus’ big updates and announcements.
Minting will start in May, with very limited slots.
Platypus pioneers a novel stableswap exclusively on Avalanche. Its open liquidity pool designs allow easy integration of multiple assets into the same liquidity pool for shared liquidity, maximizing capital efficiency and minimizing slippage. This unique design also allows single-sided liquidity provision, paving the way for countless possibilities via decentralized finance composability.
To learn more about Platopia and Platypus NFT, check out its brochure at platypus.finance/nft.
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