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Analysis

Guide to Yield Farming on Avalanche (AVAX)

by Khor Win Win -

With the recent launch of the $180 million ‘Avalanche Rush’ incentives program, the Avalanche network has become the new hotbed for DeFi activity, with more projects mushrooming on the C-Chain since the announcement was made. Power DeFi users were among the first to cross the bridge to Avalanche, discovering a new world of projects that would seem all too familiar to them.

Although the Avalanche network has not seen as much traction since its mainnet launch in September 2020, the AVAX incentives have proven to be a significant catalyst for bringing more attention to the ecosystem. This represents an excellent opportunity for early users to discover and experiment with the native DeFi and yield-farming protocols on the network before Aave and Curve arrive.

In this article, we’ll be taking a sleigh ride into the Avalanche ecosystem. From setting up your wallet to bridging your funds, we will also dive into some of the more popular yield-farming projects on the chain, such as Trader Joe and Snowball.

If you are interested in other blockchain networks, do check out how to yield farm on Binance Smart Chain (BSC) and how to yield farm on Solana.

 

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