What is Echidna Finance?
Echidna Finance is the yield-boosting protocol for Platypus Finance. Echidna aggregates PTP and stakes then into Platypus permanently to build vePTP treasury. Anyone can leverage our treasury to maximize their stablecoin APRs on Platypus without owning PTP.
Stablecoin LPs can leverage Echidna’s 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. ECD can be locked to earn 40% of Echidna’s platform fees and boost ECD emissions on our platform.