Penguin Finance announced last Friday, October 22, through its Twitter account, that it joins the Avalanche Rush program with $2.5 million in incentives.
“Penguin Finance has officially joined the Avalanche Rush program. PeFi, a multi-faceted performance aggregator, launch pad, launch pad and native NFT from the public Avalanche blockchain, will soon receive $ 2.5 million in AVAX for its exclusive Layer 2 performance farming “Igloos” and Penguin game Emperor (an exclusive king of the hill-style dApp)”, he said through an article published on the Medium platform.
According to the company, PeFi was one of the first native DeFi projects at Avalanche and its community grew rapidly through its unique marketing, branding and design. The platform offers the first Layer 2 performance farm on Avalanche, which is uniquely prepared to receive AVAX incentives as multiple token rewards are distributed to each pool. Gamers and DeFi enthusiasts will also soon have access to PeFi “play to win” games, such as Penguin Emperor and Penguin Arena, with the upcoming Avalanche deployment.
In his view, during the program, users can receive Rush rewards by participating in selected liquidity pools (winning up to 5 different tokens simultaneously) and by betting on special “Avalanche Emperor” rounds on the Penguin Emperor dApp.
Additionally, as part of the Avalanche Rush Program, Avalanche Foundation is working closely with leading projects including Aave, Curve, Sushi, Stake DAO, and BENQI for Agriculture, Mining, Loans, and Now Gaming Experiences.
The specific date for the deployment of PeFi’s Avalanche Rush will be in the fourth quarter of 2021.
About Penguin Finance
It is a platform powered by Avalanche, which creates an innovative set of decentralized applications, financial products and documentation for people with technological knowledge and those who have no knowledge of cryptocurrencies.
“PeFi is bridging the gap between DeFi and mass adoption by offering ultra-low rates, an intuitive UX design, and the best documentation / tutorials. PeFi is made for penguins by penguins”, he said.
It is the fastest smart contract platform in the blockchain industry, measured by time to finality, and has the highest number of validators securing its activity from any proof-of-stake protocol. Avalanche is incredibly fast, inexpensive, and environmentally friendly. Any smart contract-enabled application can outperform its competition when deployed on Avalanche.