Platypus Closed $3.3 Million in Financing Led by Three Arrows Capital and DeFiance Capital

TokenInsight news, Platypus, the AVAX-native StableSwap, has closed a $3.3 million funding round led by Three Arrows Capital and DeFiance Capital, with participation from 0xVenturesDAO, Avalanche, Avalaunch, and others. Previously, Platypus received a grant from the Avalanche-X program to launch Avalanche's native StableSwap with an open one-sided liquidity pool and to improve its scalability and funding efficiency. In addition, Platypus launched its Alpha mainnet on Avalanche on November 29. Users can swap between USDT, USDC, DAI and MIM with low slippage, and also provide liquidity for the aforementioned stablecoins.