Avalanche August: $180m In DeFi Initiatives Kick Off AVAX Boom

Written By John Wu
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Avalanche, a blockchain looking to tackle the DeFi space, recently announced that it will be injecting $180 million worth of AVAX—the blockchain’s native token—into the Avalanche ecosystem.

That’s to say, users of Avalanche’s DeFi applications will be able to “farm” and accumulate $180 million worth of AVAX in the coming months and year via this new program.

Fittingly, it’s called “Avalanche Rush.”

Link to post here.

John Wu
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