Penguin Finance x YetiSwap: Official Partnership Announcement
YetiSwap and Penguin are joining forces!
YetiSwap is a decentralized exchange (DEX) and NFT Marketplace that runs on Avalanche, featuring a native governance token called YTS that is fully community distributed and is capable of trading all tokens issued on Ethereum and Avalanche.
As part of this partnership, a YetiSwap Igloo (PEFI-YTS) will soon be introduced to the Penguin Finance platform with YTS + PEFI rewards, incentivizing liquidity of PEFI on the YetiSwap exchange. If a significant amount of liquidity for PEFI is present on YetiSwap, it will also become an available option to Buy PEFI on the Penguin app.
Furthermore, a unique new “NFT Staking” feature on the YetiSwap platform will allow Penguin Collectibles (such as your Penguin Astronaut or Ghoul NFT) to become interest-bearing assets and earn YTS rewards.
From a community standpoint, expect YetiSwap x Penguin AMAs and a cross-token giveaway of YTS + PEFI. Penguin Finance will also introduce a YetiSwap-inspired outfit for the CryptoPuffies and as an Emperor skin.
Despite Avalanche’s recent remarkable growth, the journey to dethrone Ethereum is still arduous. It becomes more and more evident that collaboration is crucial for Avalanche projects to transcend the ecosystem to another level. Penguin Finance’s goal with these upcoming partnerships and launchpad partners is to support Avalanche-native projects with fair distribution models and an aligned vision on decentralization. We want to bootstrap other projects to help the Avalanche ecosystem flourish, as we believe this will make DeFi more accessible, cheap, and fair.
About Penguin Finance
Penguin Finance is a platform powered by Avalanche building an innovative set of decentralized applications, financial products, and documentation for both technologically savvy individuals and those with absolutely no knowledge of cryptocurrency.
We’re bridging the gap between DeFi and mass adoption by offering ultra-low fees, an intuitive UX design, and the best documentation/tutorials. PeFi is made for penguins, by penguins.
A decentralized exchange for Avalanche assets with fast settlement, low transaction fees. YetiSwap brings you the best trading opportunities to find and maximize your yield.