Well, we made it. Platypus voting gauges are finally live. Take a second and realize you are witnessing a very important milestone for both the protocol and the ecosystem. Not only is Platypus Finance one step closer to a more fair AMM, but this should help encourage liquidity providers to lock up PTP rather than dump it.

The main stage of the Platypus Wars is the optimizer protocols (Vector, Echidna, Yield Yak). The other side of the party is the bribes. When discussing bribes, I mean literal monetary incentives in exchange for votes to be cast a certain way. The main protocols currently bribing voters are Moremoney, Yeti Finance, Yield Yak, Benqi Finance, and Platypus Finance.

When Echidna and Vector launched on Rocket Joe back in the day, I participated in equal weight to both protocols. Over time, I built a bigger position in locked ECD than locked VTX. Nevertheless, I own both and receive bribes for being a voter in each protocol.

My ECD is locked for 2 years, giving me a bigger say in voting than someone with equal weight for a shorter period of time. In order to maintain my level of bribe rewards, I’ll have to acquire more votes by locking more ECD to my current position or increasing the duration of the lock-up.

I have several wallets with ECD positions at various lock-up durations. My 2-year lock-up wallet votes with a strong emphasis on collecting $MORE. This means that when I allocate my percentage of votes on the website, I need to put a larger % in the MONEY-USDC and MONEY pools. I currently vote 50% MONEY-USDC, 30% MONEY, 15% YUSD-USDC and 5% sAVAX. Moremoney as a protocol offers higher incentives to vote for the MONEY-USDC pair rather than the MONEY standalone pool. I am free to adjust my voting weights at any time, I just have to pay gas.

The MORE I accumulate from bribes is sent to my xMORE and veMORE positions on the Moremoney site. This allows me to get a share of platform fees (xMORE), as well as interest accrued by the platform (iMONEY).

The YETI I earn from those YUSD-USDC bribes is funneled to veYETI staking on Yeti Finance. I accumulate my veYETI with the purpose of building it up for the Ragnar Finance snapshot and airdrop. Ragnar Finance is currently in testnet and it’s cool to check out what they are building. There is not much hype surrounding the launch yet, but I am super excited to check it out.

Since the addition of yyAVAX to Platypus, I have begun allocating votes in certain positions to collect bribes in yyAVAX. I funnel this farmed liquid-staked AVAX into Vector Finance for single-sided staking. I am waiting for Yield Yak to launch an auto-compounding version of this farm. I will allocate my yyAVAX here when possible

Locked Vector is another way to earn bribes other than on Platypus or Echidna. Locking vector gives access to bribes similarly to staked Echidna. Locking VTX is a 16-week commitment and the yields can be pretty tasty with bribes now live. My current LVTX voting percentages are broken down to earn rewards in the following way:

Platypus finance bribes and protocol rev share will be game-changing for the $PTP token narrative. Having real yield and decent volume will mean value can be derived from PTP and thus ecdPTP/xPTP/yyPTP.

This in tandem with vePTP bribes incentives lock-ups of PTP, in turn, provides more revenue. This is the flywheel effect we want and need. It has the potential to become very interesting with Platypus NFTs such as Hibernate, but we can save that for another substack.

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Well, we made it. Platypus voting gauges are finally live. Take a second and realize you are witnessing a very important milestone for both the protocol and the ecosystem. Not only is Platypus Finance one step closer to a more fair AMM, but this should help encourage liquidity providers to lock up PTP rather than dump it.

The main stage of the Platypus Wars is the optimizer protocols (Vector, Echidna, Yield Yak). The other side of the party is the bribes. When discussing bribes, I mean literal monetary incentives in exchange for votes to be cast a certain way. The main protocols currently bribing voters are Moremoney, Yeti Finance, Yield Yak, Benqi Finance, and Platypus Finance.

When Echidna and Vector launched on Rocket Joe back in the day, I participated in equal weight to both protocols. Over time, I built a bigger position in locked ECD than locked VTX. Nevertheless, I own both and receive bribes for being a voter in each protocol.

My ECD is locked for 2 years, giving me a bigger say in voting than someone with equal weight for a shorter period of time. In order to maintain my level of bribe rewards, I’ll have to acquire more votes by locking more ECD to my current position or increasing the duration of the lock-up.

I have several wallets with ECD positions at various lock-up durations. My 2-year lock-up wallet votes with a strong emphasis on collecting $MORE. This means that when I allocate my percentage of votes on the website, I need to put a larger % in the MONEY-USDC and MONEY pools. I currently vote 50% MONEY-USDC, 30% MONEY, 15% YUSD-USDC and 5% sAVAX. Moremoney as a protocol offers higher incentives to vote for the MONEY-USDC pair rather than the MONEY standalone pool. I am free to adjust my voting weights at any time, I just have to pay gas.

The MORE I accumulate from bribes is sent to my xMORE and veMORE positions on the Moremoney site. This allows me to get a share of platform fees (xMORE), as well as interest accrued by the platform (iMONEY).

The YETI I earn from those YUSD-USDC bribes is funneled to veYETI staking on Yeti Finance. I accumulate my veYETI with the purpose of building it up for the Ragnar Finance snapshot and airdrop. Ragnar Finance is currently in testnet and it’s cool to check out what they are building. There is not much hype surrounding the launch yet, but I am super excited to check it out.

Since the addition of yyAVAX to Platypus, I have begun allocating votes in certain positions to collect bribes in yyAVAX. I funnel this farmed liquid-staked AVAX into Vector Finance for single-sided staking. I am waiting for Yield Yak to launch an auto-compounding version of this farm. I will allocate my yyAVAX here when possible

Locked Vector is another way to earn bribes other than on Platypus or Echidna. Locking vector gives access to bribes similarly to staked Echidna. Locking VTX is a 16-week commitment and the yields can be pretty tasty with bribes now live. My current LVTX voting percentages are broken down to earn rewards in the following way:

Platypus finance bribes and protocol rev share will be game-changing for the $PTP token narrative. Having real yield and decent volume will mean value can be derived from PTP and thus ecdPTP/xPTP/yyPTP.

This in tandem with vePTP bribes incentives lock-ups of PTP, in turn, provides more revenue. This is the flywheel effect we want and need. It has the potential to become very interesting with Platypus NFTs such as Hibernate, but we can save that for another substack.

Thanks for reading Minerminer's Minutes! Subscribe for free to receive new posts and support my work.