Avaxholic

Avalanche (AVAX) developers have asked the ApeCoin (APE) community to consider building out the Bored Ape Yacht Club (BAYC) metaverse as an Avalanche subnet. The BAYC metaverse, could benefit from Avalanche’s low-fee and high-speed network. Avalanche, a rival to the Ethereum blockchain, would additionally provide access to a $290 million incentive program to support development costs, the proposal added, as well as technical expertise and marketing support. The move represents the continuation of the trend covered by CoinDesk last week: Various base layers, or layer 1s, are actively courting one of the hottest projects in the non-fungible token (NFT) space following a painful metaverse launch on Ethereum in which investors reportedly lost more than $100 million in transaction fees. Yuga Labs, which created the BAYC and is and one of the teams behind Otherside, expressed its dismay at the time and encouraged ApeCoin holders to consider a new chain for the project. Subnets a... S...

Echidna Finance is the ultimate yield boosting protocol for Platypus Finance - Avalanche's native stable swap. Let's find out everything about this protocol with Avaxholic in today's article. What Is Echidna Finance? Echidna Finance is the ultimate yield boosting protocol for Platypus Finance. Echidna aggregates PTP and stakes then into Platypus permanently to build our vePTP treasury. Anyone can leverage our treasury to maximize their stablecoin APRs on Platypus without owning PTP. Echidna Finance What Can Echidna Finance Do For Platypus War? Echidna Finance is committed to growing with Platypus and Platypus users. Echidna's team considers Platypus a valuable public utility that will drive user and on-chain TVL for Avalanche and create wealth for Platypus users. Echidna will be a catalyst for both processes; therefore, the team must make decisions that maximize public value. With this realization in mind, they selected these guiding principles: Decentralization...