One of the most crucial moments in the evolution of Platypus: The Release of USP.
30 Nov 2022, 14:09
One of the most crucial moments in the evolution of Platypus: The Release of USP
Our very own stablecoin, an innovative design addressing the most glaring issues in the space. Below, check out what it is, why we're launching it & what it means to you! 🧵https://bit.ly/3UnAiEK
In the last few months, some prominent stablecoins have lost their peg and caused a series of fatal incidents.
To maintain the price of a stablecoin, collateral and pegging mechanism is essential AND that’s exactly what the strength of USP is with the Adaptive Peg Stabilizer.
We found a way to greatly improve capital efficiency. We also utilized the stableswap algorithm as a mechanism for maintaining peg. We’re structured to be a protocol that can combine stableswap and stablecoin.
How??? Check out our yellow paper now 🔥🔥🔥
🔗http://bit.ly/3F0pLej