Platypus Finance (PTP)

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Revision as of 14:43, 15 May 2023 by Grand Master Pepe (talk | contribs) (→‎Funding)
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Basics

  • Based in:
  • Started in / Announced on:
  • Testnet release:
  • Mainnet release:
  • History

Audits & Exploits

"No indication of code coverage but clearly there is a complete set of tests. There is no report on formal verification. Platypus Finance has been audited twice before deployment."

With the comment:

"We are pleased to announce that we were able to raise the score of Platypus Finance from 43% to 74%, giving them a passing score! Through communicating with @MrBeaverTail, we were able to guide them in the publishing of their Admin Controls, Timelock and Oracle documentation.

While there is still work to be done, we would simply like to highlight the efforts of the Platypus team in making their protocol more transparent. They have a larger Bug Bounty and multiple documentation updates on the way, so you can be sure that they are far from finished."

Bugs/Exploits

  • From Block Bytes (2-3-2023):

"Platypus Finance has announced that it will repay a minimum of 63% of funds to users after recovering a part of the $9 million drained from the protocol last week. The protocol contacted Binance to confirm the exploiter’s identity. The hacker used a Binance account that went through know-your-customer checks for a withdrawal request.

Platypus contacted law enforcement and filed a complaint in France. French police have arrested two suspects in connection to the hack, with 210,000 euros worth of cryptocurrency seized in the arrest."

Governance

Admin Keys

"The upgradeability docs mention that all the Platypus Finance smart contracts are currently upgradeable via ProxyAdmin, and this function will be owned by the protocol's governance module in the future. The upgradeability docs mention MultiSig details. In addition, contracts are currently owned by ProxyAdmin, which is what the MultiSig controls. A pause control is documented without explanation. A timelock is identified without time frame specifications."

DAO

Treasury

Token

Launch

Token Allocation

Utility

Other Details

Stablecoin

Coin Distribution

Technology

"With 4 commits and 1 branch, this is not a healthy repository."

Implementations

How it works

Fees

Upgrades

Staking

Validator Stats

Liquidity Mining

Scaling

Interoperability

Other Details

Oracle Method

"Platypus documents the use of ChainlinkProxyPriceProvider contract. The protocol does not mention front running or does not document any countermeasure against it. Platypus details the mitigation of flash loans in 8.1 and 8.2 of their AMM Yellow Paper."

Privacy Method

Compliance

Their Other Projects

Roadmap

  • Can be found [Insert link here].

Usage

Projects that use or built on it

Competition

Pros and Cons

Pros

Cons

Team, Funding and Partners

Team

Funding

Partners

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