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ease
features
design
support

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Description

BenSwap stands out as the pioneering decentralized exchange (DEX) on the SmartBCH blockchain, while Green Ben (EBEN) serves as both its utility and governance token. 1. In terms of market capitalization, transaction volume, and total value locked (TVL), BenSwap ranks among the leading DEXs on the SmartBCH network. 2. Notably, BenSwap is the first initiative on the SmartBCH chain to successfully complete a Certik audit, with plans for additional audits as the project continues to evolve. 3. Additionally, BenSwap made history as the first project on SmartBCH to achieve a listing on a centralized exchange (CEX), specifically CoinW, with more CEX listings anticipated in the future. 4. As a highly regarded project within the SmartBCH ecosystem, BenSwap has gained visibility across numerous platforms, including vfat.tools, CoinMarketCap, CoinGecko, DefiLlama, and MyToken, which offer analytical insights for users. 5. This extensive recognition underscores BenSwap's commitment to transparency and innovation, solidifying its position as a key player in the decentralized finance landscape.

Description

A significant challenge associated with the initial generation of stableswap's closed liquidity pools is the fragmentation of liquidity, which prevents different pools from sharing their liquidity, thus resulting in increased slippage for users. Additionally, other stableswap designs typically necessitate the inclusion of multiple tokens of equivalent value within a pool, complicating the overall pool structure by requiring the pairing of liquidity provider (LP) tokens with various new tokens. This complexity severely limits the scalability of the system and negatively impacts the overall user experience. In response, Platypus introduces an innovative automated market maker (AMM) on the Avalanche network that features an open liquidity, single-sided AMM that autonomously manages risk according to the coverage ratio, thereby maximizing capital efficiency. Central to Platypus's architecture is the principle of asset liability management (ALM), which sets it apart as the pioneering platform to implement a single-variant slippage function in lieu of conventional invariant curves. Overall, the design of Platypus's open liquidity pool not only enhances capital efficiency but also significantly reduces slippage rates in comparison to traditional stableswaps, ultimately providing a more streamlined and effective trading experience. This advancement positions Platypus as a leader in the evolution of decentralized finance solutions.

API Access

Has API

API Access

Has API

Screenshots View All

Screenshots View All

Integrations

MetaMask
WalletConnect
Avalanche
Avalaunch
BNB Smart Chain (BSC)
Base App
Core
Degis
Echidna Finance
MathWallet
PostgresML
Telegram
TokenPocket
Trust Wallet
XDEFI Wallet
Yield Yak
smartBCH

Integrations

MetaMask
WalletConnect
Avalanche
Avalaunch
BNB Smart Chain (BSC)
Base App
Core
Degis
Echidna Finance
MathWallet
PostgresML
Telegram
TokenPocket
Trust Wallet
XDEFI Wallet
Yield Yak
smartBCH

Pricing Details

No price information available.
Free Trial
Free Version

Pricing Details

No price information available.
Free Trial
Free Version

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Deployment

Web-Based
On-Premises
iPhone App
iPad App
Android App
Windows
Mac
Linux
Chromebook

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Customer Support

Business Hours
Live Rep (24/7)
Online Support

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Types of Training

Training Docs
Webinars
Live Training (Online)
In Person

Vendor Details

Company Name

BenSwap

Founded

2020

Website

benswap.cash/

Vendor Details

Company Name

Platypus

Country

United States

Website

platypus.finance/

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