Stablecoin LPs can enjoy boosted APRs on Platypus without staking PTP by using Echidna’s vePTP treasury. Echidna eliminates all complications with withdrawal penalties, price volatility, capital allocation, and vePTP claiming. Simply deposit your stablecoins to start earning PTP.
Echidna transforms PTP into a yield generating asset. 55% of total ECD token supply is reserved as liquidity mining emissions for PTP depositors. Users can also lock ECD to boost ECD liquidity mining rewards and earn 40% of Echidna’s platform fees. More importantly, PTP’s latent voting power is tokenized into ECD, allowing Echidna’s users to trade and monetize this highly coveted resource.