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Penguin Finance

We’re active, committed, and setting ambitious goals to improve the Avalanche and Penguin ecosystem.

What we’ve built so far (Q2-Q3)

To start things off, let’s go over notable achievements Penguin Finance has managed to accomplish since our inception four months ago:

  • Launched the PEFI and xPEFI tokens.
  • Staking & farming protocols for Penguins to earn awesome returns on their liquidity.
  • A sleek and intuitive UI design for all of our applications.
  • A first-of-its-kind, Penguin Emperor game with fully customizable characters and different game-modes.
  • Altruistic “Penguins without Borders” Emperor Penguin event to raise funds and awareness towards the India Crypto COVID Relief Fund.
  • The cheapest and highest-yielding auto-compounding protocol on the Avalanche network, with pools from Pangolin, Gondola, Lydia, and Penguin.

The recently announced Avalanche Rush Incentives program has brought thousands of new users to the Avalanche Ecosystem while also attracting some of the biggest projects within the DeFi ecosystem. Amongst them: Curve, Aave, and SushiSwap.

The incentives program will allow selected projects to distribute AVAX incentives for certain dApps, yield farms, and other activities. This will not only increase the APY and thus attract even more capital, but it will also attract long-term investors to Avalanche.

As it has happened to many of us, after using Avalanche for some time, you simply can’t go back to Ethereum. You get so…

This week has proven to be an excellent time to be a Penguin, yet again. With the exciting release of the Igloos V2 and the massive success of the iPEFI migration, the future is overwhelming.

Thanks to our new yield-farming contracts, we’ve envisioned lots of new opportunities to bring our Penguins unique strategies made to maximize their yield. We’re also listening closely to the community’s feedback to release anticipated farms as soon as possible, with additional rewards as a surprise!

So far, we’ve captured over $50,000,000 in TVL on our Igloos V2 platform alone, and this is only the beginning…

The Igloos V2 are finally here and you can’t wait to migrate your LP to start earning those juicy triple rewards. After releasing deposits on Pangolin-based pools yesterday, today we’re happy to also be including your favorite pools from Trader Joe as well. Enjoy PEFI, iPEFI, and JOE rewards all within the comfort of your house.

The migration process will depend on the Igloo (LP pair) you are migrating, we will detail the exact steps you need to take below:

Important Links:

Follow these steps for the following LP tokens:



Penguin Finance will be airdropping free tokens to iPEFI holders this Wednesday, September 8th! Instead of minting PEFI and giving it away to 1000s of wallets who may or may not be interested in the token, we have designed the ultimate airdrop model that will reward long-term investors and attract new users to the Penguin Finance ecosystem.

Our iPEFI Nest offer high APYs with IL protection and gives users access to a myriad of dApps inside of the Penguin Ecosystem, making it incredibly attractive for new and long-term investors.

How to participate

To participate, you simply have to be staking in our iPEFI…

The Penguin Igloos (Yield Farms) have undergone a huge migration process and overhaul!

Our farmers have been enjoying generous PEFI rewards for the past few months, and now they’ll be able to enjoy AVAX, PNG, SHERPA, and other tokens on top of that, massively increasing APYs of most Igloos!

Igloos V2: New Features & Improvements

Firstly, we‘re migrating all of our Igloos to AB (.e) tokens, which should massively increase TVL on Penguin Finance. …

The xPefi Nest will undergo a huge migration process and overhaul this week.

We’ve been getting a lot of positive feedback, and it seems everyone’s happy with the new UI updates to the xPEFI Nest!

So we’re getting rid of it, and upgrading to a new contract.

Sometimes you gotta fight cool with cold.

But fear not! The old xPEFI Nest is nothing in comparison. No; what you need — my dear penguin, is the brand new iPEFI!

After months of working alongside each other to grow and improve the Avalanche ecosystem, Penguin Finance and AVME are officially partnering up!

AVME aims to elevate the security standards in the blockchain space by creating a brand new wallet built from scratch using C++. This allowed the creation of a lightweight product that, combined with the features offered by the Avalanche platform, makes a complete and secure tool for its growing ecosystem. The AVME wallet does not allow users to make mistakes since everything is encrypted with a personal password. …

We’re excited to announce that Penguin Finance — the leading gamified DeFi hub on Avalanche — will integrate Chainlink Verifiable Random Function (VRF) on the Avalanche blockchain. By integrating Chainlink’s industry-leading decentralized oracle network, we can obtain access to a tamper-proof and auditable source of randomness needed to determine the victors of the Penguin Arena and distribute rewards accordingly. Ultimately this creates a more exciting, transparent, and fraud-proof user experience, as users can enjoy ultra-fast settlement on their actions with peace of mind.

Penguin Finance is an innovative DeFi project on the Avalanche Network. In the last five months, PeFi…

We’re excited to announce that Verso Finance — a decentralized marketplace for financial products and DeFi mass adoption via regulated e-wallets — will be the first project to offer tokens to the Penguin Finance community through the upcoming Club Penguin dApp. By creating an Iceberg in this platform, we’ll introduce an active & engaged user base to the $VSO token, required for product funding, validator rewards, voting, and more.

Verso is built for the regulated financial service industry and bridges the gap between traditional finance (CeFi) and DeFi by standardising how financial products get distributed and connected to consumers via…

Penguin Finance

Penguin Finance (PeFi) is an exciting new yield farming project on $AVAX.

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