{"id":47961,"date":"2021-08-19T16:47:42","date_gmt":"2021-08-19T13:47:42","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=47961"},"modified":"2025-09-01T23:54:29","modified_gmt":"2025-09-01T20:54:29","slug":"avalanche-launches-a-180-million-fund-to-develop-defi-projects","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/avalanche-launches-a-180-million-fund-to-develop-defi-projects\/","title":{"rendered":"Avalanche launches a $180 million fund to develop DeFi projects"},"content":{"rendered":"<p>The nonprofit Avalanche Foundation has created a $180 million fund, whose resources will go toward attracting DeFi applications and assets to the network.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Experience the power of <a href=\"https:\/\/twitter.com\/hashtag\/Avalanche?src=hash&#038;ref_src=twsrc%5Etfw\">#Avalanche<\/a>. Welcome to <a href=\"https:\/\/twitter.com\/hashtag\/AvalancheRush?src=hash&#038;ref_src=twsrc%5Etfw\">#AvalancheRush<\/a>, the $180M liquidity mining incentive program in collaboration with leading DeFi dapps\u2013both on and off Avalanche\u2013 starting with <a href=\"https:\/\/twitter.com\/AaveAave?ref_src=twsrc%5Etfw\">@aaveaave<\/a> and <a href=\"https:\/\/twitter.com\/CurveFinance?ref_src=twsrc%5Etfw\">@curvefinance<\/a>. And, this is just Phase 1! <a href=\"https:\/\/t.co\/YGrrVB7Uqc\">https:\/\/t.co\/YGrrVB7Uqc<\/a><\/p>\n<p>\u2014 Avalanche \ud83d\udd3a (@avalancheavax) <a href=\"https:\/\/twitter.com\/avalancheavax\/status\/1427994599847563265?ref_src=twsrc%5Etfw\">August 18, 2021<\/a><\/\u30fb\u30fb<\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>The first phase of the program, called Avalanche Rush, earmarks $30 million in AVAX tokens for liquidity mining across three projects after their deployment in the network \u2014 the lending platform Aave, the decentralized exchange Curve and the strategy aggregator Stake DAO.<\/p>\n<p>In the coming months, the organisation will announce the second phase of the programme.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We want to show how Avalanche works as a layer-one blockchain for some of the largest protocols&#8221;<\/em>, \u2014 explained Luigi D\u2019Onorio DeMeo, director of Ava Labs.<\/p>\n<\/blockquote>\n<p>The project\u2019s founders, <a href=\"https:\/\/u1f987.com\/en\/news\/avalanche-mainnet-goes-live\">estimate<\/a> the network\u2019s throughput at 4500 TPS, where finality is achieved \u201cin fractions of a second.\u201d Among the founders of the project based on <a href=\"https:\/\/u1f987.com\/en\/news\/proof-of-stake-how-it-works-and-why-it-is-so-popular\">Proof-of-Stake<\/a> is Emin G\u00fcn Sirer, a veteran of the Bitcoin industry.<\/p>\n<p>In February, the ChainSafe group created <a href=\"https:\/\/u1f987.com\/en\/news\/chainsafe-builds-bridge-to-move-defi-assets-between-avalanche-and-ethereum\">bridge between the Avalanche and Ethereum blockchains<\/a> to move assets of DeFi projects across the two ecosystems.<\/p>\n<p>In an interview with <a href=\"https:\/\/www.theblockcrypto.com\/post\/114782\/avalanche-launches-180-million-defi-incentive-scheme-aave-curve\">The Block<\/a>, G\u00fcn Sirer said that the bridge and the operation of major protocols will test the validity of the Avalanche team\u2019s claims that the blockchain meets the needs of users in the DeFi space.<\/p>\n<p>In May, the stablecoin issuer Tether <a href=\"https:\/\/u1f987.com\/en\/news\/tether-to-add-avalanche-blockchain-support\">announced<\/a> support for the Avalanche blockchain.<\/p>\n<p> Subscribe to the ForkLog channel on <a href=\"https:\/\/www.youtube.com\/channel\/UCC9FnXTC8_ENzaNSO5cHQ6g\" target=\"_blank\" rel=\"nofollow noopener\"> YouTube<\/a>! <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The nonprofit Avalanche Foundation has created a $180 million fund, with resources to attract DeFi applications and assets to the network.<\/p>\n","protected":false},"author":1,"featured_media":47962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1212,1413,1426,1093],"class_list":["post-47961","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-aave","tag-avalanche-avax","tag-curve-crv","tag-defi"],"aioseo_notices":[],"amp_enabled":true,"views":"39","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=47961"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47961\/revisions"}],"predecessor-version":[{"id":47963,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/47961\/revisions\/47963"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/47962"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=47961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=47961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=47961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}