Welcome to Phase 3 of Penguin Rush. This Thursday, February 3rd, we’re introducing a new yield farming strategy to select Penguin Finance Igloos! Fully packed with AVAX incentives from the Avalanche Rush program, the goal is to incentivize liquidity for specific pairs and reward active users.
Turbo Igloos are Here
Turbo Igloos are yield farms that’ll receive massive bursts of AVAX rewards during short periods of time. Each incentivized Igloo will enter “Turbo Mode” for 3 days at a time, boasting APRs of up to 10,000%.
During Phase 3, we’re also introducing plenty of new Igloos to the platform, further increasing potential profits for users that are quick to act. Among these Igloos: PTP-AVAX, CRA-AVAX, and FRAX-AVAX.
QI-AVAX: The First AVAX Turbo Igloo
The first Igloo to receive incentives is QI-AVAX! Now that rewards are active, the farm boasts over 250% APR in total, with 160%+ stemming from AVAX incentives alone.
We will start increasing rewards in the coming hours. Stay tuned to our socials to learn about reward updates and which Igloos are next. As we’ve mentioned previously, during this fast-paced yield farming strategy, the quickest are rewarded the most.
Start farming QI-AVAX here.
PEFI-AVAX Enters Perpetual “Turbo Mode”
Additionally, our JLP PEFI farm will receive incentives throughout the entirety of Phase 3. We’ve heard your feedback and will provide constant AVAX emissions to PEFI-AVAX.
Starting this Friday, February 4th, PEFI-AVAX will enter “Turbo Mode” and reward farmers with 4 tokens at a time. Earn PEFI, iPEFI, JOE, and AVAX simultaneously.
About Penguin Finance
Penguin Finance is a platform powered by Avalanche, building an innovative set of decentralized applications, financial products, and documentation for 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.