Platypus Finance raised $3 M in a Private Sale round on 2021-12-01.

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According to media reports, Platypus Finance raised $3 M in a Private Sale round on 2021-12-01.the investors in this funding round include DeFiance Capital,Three Arrows Capital,CMS Holdings,Mechanism Capital,Avalanche,0xVentures,Colony,GBV Capital,Avalaunch,BENQI and others. Following this round, Platypus Finance has raised a total of $3 M, bringing its latest valuation to $24 M.
Platypus Finance is a single-sided Automatic Market Maker (AMM) for stablecoins built on the Avalanche network. It is designed to optimize capital efficiency. Instead of requiring liquidity providers (LPs) to provide liquidity through token pairs (e.g. ETH-AVAX), they can just provide liquidity through a single token type. This mechanism is intended to improve the existing AMM framework by reducing impermanent loss risk for LPs, cutting slippage for traders, and creating more capital efficiency in the broader ecosystem.

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PTP Fundraising History
RoundAmountValuationTimeInvestor(s)
Private Sale$3 M$24 M2021-12-01DeFiance Capital,Three Arrows Capital,CMS Holdings,Mechanism Capital,Avalanche,0xVentures,Colony,GBV Capital,Avalaunch,BENQI
Key Milestones
  • 2023-02-17
    losed $ 8.5 M in hack
  • 2021-12-02
    Platypus Finance raised $ 3.3 M in Private round
  • 2021-11-29
    Platypus Finance was live on mainnet
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