Penguin Finance has officially joined the Avalanche Rush Program. PeFi, a multi-faceted yield aggregator, play-to-earn, launchpad, and NFT platform native to the Avalanche public blockchain, will soon receive $2.5 million in AVAX for their unique layer 2 yield-farming “Igloos” and Penguin Emperor game (an exclusive king of the hill style dApp).
Launched in April, PeFi was one of the first native DeFi projects on Avalanche and grew its community rapidly through its unique marketing, branding and design. The platform offers the first layer 2 yield farm on Avalanche, which is uniquely prepared to receive AVAX incentives given that multiple token rewards are distributed on each pool. Gamers and DeFi enthusiasts will also soon have access to PeFi’s ‘’play to earn’’ games, such as the Penguin Emperor and Penguin Arena, with the upcoming deployment on Avalanche.
During the program, users can receive Rush rewards by participating in selected liquidity pools (earning up to 5 different tokens simultaneously) and betting on special “Avalanche Emperor” rounds on the Penguin Emperor dApp.
As part of the Avalanche Rush Program, the Avalanche Foundation is working closely with top projects, including Aave, Curve, Sushi, Stake DAO and BENQI for farming, mining, lending and now gaming experiences.