YAY Games selected for the $180M Avalanche Rush Program
Following the deployment of our services on the Avalanche network, we are excited to share with our community that YAY Games has been selected for the Avalanche Rush program.
The novel incentive program will grant $180 million in funding for the development of several blue-chip DeFi projects. The projects will contribute towards the expansion of Avalanche’s liquidity pools.
Being selected for Avalanche’s Rush program represents an incredible milestone for our project. We will have the honor of joining the shortlist of top-tier projects already part of the Rush program, which includes Aave, SushiSwap, and Curve Finance.
We couldn’t help highlighting the importance of Avalaunch in this process. As partners, their commitment and support has been fundamental, helping us reach new heights and making the Rush program a reality.
Avalanche Rush effect
The Rush program had a definite impact on the Avalanche ecosystem and kicked off an impressive price rally. In the space of just one month, the price of the AVAX token shot up almost 400% and reached a new all-time trading volume.
The Total Value Locked (TVL) in the Avalanche blockchain also surged 1000% over the past month. BENQI, the first native lending protocol on Avalanche, reached over $1 billion in TVL a few days after its launch.
This effect will also spread to our community, opening our platform to a new wave of gamers and DeFi enthusiasts. Our GameFi ecosystem and play-to-earn games are now incredibly well-positioned alongside the other partners of the Rush program.
Due to this groundbreaking development, our team decided to reschedule the YAY Games Initial Decentralized Offering (IDO) on Avalaunch and Superlauncher. We’ll cover this more in-depth in our next blog post, so stay tuned.
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About Avalanche Rush
Avalanche Rush is an incentive mining grant and airdrop program with up to $180M in AVAX tokens from the Avalanche Foundation that seeks to deploy decentralized finance applications on the Avalanche platform. The program objective is to empower new and existing DeFi traders with easy-to-use, fast, and cost-effective applications.
About YAY Games
YAY is a decentralized gaming marketplace designed for gamers, traders, and farmers that merges the gaming sector with decentralized finance.
YAY, at its core, is a gaming marketplace platform that is introducing multiple games in a decentralized way, utilizing blockchain technology to diminish the gap between games and decentralized finance.
We bring the regular gamer into the blockchain by adding innovative in-game mining mechanics, farming pools, and non-fungible tokens to casual games. Thus, rewarding the user based on the number of games played, achievements accomplished, tournaments, and more.
Do not miss your chance to join us on this journey through the blockchain. Follow us on Twitter, Telegram, and Medium.