Best Yield Farms for XDEFI Wallet

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest and protected operations in the DeFi space. The 1inch Network's first and flagship protocol is a DEX aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. This protocol incorporates the Pathfinder algorithm, which finds the best paths across dozens of liquidity sources on Ethereum, Binance Smart Chain, Polygon, Optimism, Arbitrum, Avalanche, Fantom, Klaytn and other blockchains. In just the first two years, the 1inch DEX aggregator surpassed $80B in overall volume on the Ethereum network alone. The 1inch Network's other protocols are the Liquidity Protocol and the Limit Order Protocol.

Liquidity fragmentation is a major problem in the first-generation stableswaps' closed liquidity pools. This means that the liquidity of different pools can't be shared with each other, leading to higher slippage. Other stableswaps require multiple tokens of equal worth within a pool. This can often lead to pool compositions that are more complicated (pairing up LP coins with new tokens). This significantly reduces the protocol's scalability and creates a poor user experience. Platypus creates a new AMM on Avalanche that is open liquidity and single-sided. It manages risk autonomously using the coverage ratio to maximize capital efficiency. Platypus' design is based on asset liability management (ALM). Platypus is unique in that it uses a single-variant slippage function and not invariant curves. Our open liquidity pool design allows for higher capital efficiency and lower slippage rates than other stableswaps.

You can increase your Platypus rewards without worrying about withdrawal penalties or capital allocation. Deposit to earn more. Transform your PTP to a yield-bearing asset. Lock ECD at Echidna to earn a high APR as well as 40% of Echidna’s fees. Platypus' voting gauge gives you additional incentives for stablecoin protocols that are competing for emissions. Omniscia, Platypus Finance auditors, has audited Echidna. Echidna delivered 2% of total supply to vePTP holder before our protocol launch. To earn 19.61% APR, convert PTP. Deposit your PTP at Echidna to increase your earning power. Staked PTP is highly profitable, but it is also unproductive and illiquid. It also exposes LPs the volatility of PTP's prices. These conditions are not favorable to stablecoin farmers, who are often risk-averse, or to new users who cannot obtain PTP cost-effectively. Echidna eliminates the drawbacks of boosted agriculture by allowing LPs access to our vePTP.