Company Information

Get to know Platypus Finance

Platypus Finance is a decentralized finance (DeFi) protocol that operates as a decentralized exchange (DEX) on the Avalanche C-Chain. Its core innovation is an open liquidity pool, single-sided AMM design which aims to provide lower slippage, higher scalability, and a better user experience for stablecoin swaps compared to traditional AMM models. Users can provide liquidity using a single token type, rather than a pair, to earn rewards from trading fees and the platform's native PTP token. The project's history includes a significant security exploit in February 2023, from which it has been actively working to recover and compensate affected users.

Industry

Crypto ExchangePRIMARY
Financial Other Service

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Platypus Finance

Name: Platypus Finance
Address: AU

Australia

Founded in

2016 (10 Years)

Founded

Last online: No recent activity

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OVERALL SCORE

Licenses

--/40

Reviews

--/60

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TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.

Regulated

Recommended

IUX

(2,283 reviews)

Mauritius

2015

(10 years)

Security Information :

FSCA

FSC

ASIC

Security Information

Warning

This company is currently Unproved.

Please be cautious of the potential risks!

License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.