First non-stablecoin pool on Avalanche
Platypus Finance, which is most known for its low slippage stablecoin swaps and vePTP party is opening its first non-stablecoin pool for BENQI’s staked AVAX.
Users will be able to trade between sAVAX and AVAX from 9:00 UTC on 27th April 2022. At the moment the largest pool for these two tokens is on TraderJoe with more than $100 million in liquidity and a daily trading volume of a few hundred thousand.
In case any of the liquidity providers would like to move their positions to Platypus they’ll be able to earn their share of 4% of PTP emissions (∼4000 daily) and bonus QI tokens (∼500,000 each day).
This expansion comes as a number of non-dollar pegged assets on Avalanche grows with wrapped versions of JOE (yyJOE, zJOE) and PTP (xPTP, ecdPTP, ecdPTP) already generating thousands of dollars in volume for the TraderJoe DEX.