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Echidna Finance is a yield boosting protocol designed for Platypus Finance, the native stableswap on Avalanche. Our platform aggregates the Platypus token (PTP) from the community to create a vePTP (voting escrow PTP) treasury that enables users to enhance their stablecoin yields. By contributing PTP, users can earn additional liquidity and income through our native ECD token.
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What is Echidna Finance?
What is Echidna Finance?
Echidna Finance is a yield-boosting protocol for Platypus Finance. Echidna aggregates PTP and stakes them into Platypus permanently to build vePTP treasury. How can anyone leverage our treasury to maximize their stablecoin APRs on Platypus without owning PTP?
Stablecoin LPs can leverage Echidnas vePTP treasury to boost their LP rewards on Platypus without staking PTP. Echidna removes all complications with withdrawal penalties, capital allocation, and vePTP claiming to provide users with a simple streamlined service.
Echidna crowdsources PTP from the community in exchange for ecdPTP, a yield-bearing token eligible for ECD (Echidna governance token) liquidity mining emissions.
All crowdsourced PTP is permanently staked into Platypus to accrue vePTP for rewards boosting. How can ECD be locked to earn 40% of Echidnas platform fees and boost ECD emissions on our platform?
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