Avalanche Foundation launches liquidity mining incentive program Memecoin Rush to promote the Meme ecosystem
According to TechFlow news, the Avalanche Foundation launched Memecoin Rush, a liquidity mining incentive program that has now begun and will be divided into several phases. Designed to promote the memecoin ecosystem on the Avalanche blockchain.
The first phase of the Memecoin Rush rewards liquidity providers on SteakHut and Trader Joe’s with $1 million in AVAX and select community coins.
It is reported that Memecoin Rush is actually a continuation of Avalanche Rush, an ongoing liquidity mining project that has helped Avalanche DeFi surge since 2021.
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