Earn new tokens from popular Avalanche projects by simply staking your iPEFI in the Club 😎
What is Club Penguin?
Club Penguin is a single-asset iPEFI staking protocol; think of it as stake-ception. You can stake your iPEFI in different contracts to earn tokens from your favorite projects native to Avalanche. We will be providing plenty of options for everyone to choose from.
- No iPEFI lockup period — stake and unstake as you please
- No withdrawal fees
- No risk of impermanent loss
It may sound too good to be true but yes, you are reading all this correctly — there are zero downsides to Club Penguin!🤩
What is an Iceberg?
Each project we partner with will have its own Iceberg, which represents a smart contract that users stake their iPEFI in to earn free tokens.
Since the ratio of iPEFI is growing, every iPEFI token increases in value even when staked in a smart contract.
How long does each Iceberg last?
Since Icebergs melt, they will each have a limited staking time. This will vary from 7–14 days depending on each Iceberg.
⏳ A countdown will be displayed to show you how long is left for each Iceberg.
I want some free tokens! How do I participate?
A quick guide for new users:
- Purchase PEFI on Pangolin or Trader Joe
- Stake PEFI in the Nest to receive iPEFI in return
- Stake iPEFI into the ongoing Iceberg to earn free tokens
A more detailed step-by-step guide can be found here
💡 You can think of iPEFI as your receipt for depositing into the nest. It then becomes your golden ticket that grants exclusive access to all Penguin dApps.
There is no need to unstake from the Nest. Your iPEFI will continue to grow in value regardless of where it is located. You are earning the Iceberg rewards and enjoying your Nest APY simultaneously.
Is there a minimum amount of iPEFI required to participate?
Club Penguin is for everyone. There is no minimum amount of iPEFI required to take part. Remember, the more iPEFI you stake, the more tokens you will earn in the Iceberg.
How do partnered projects benefit from Club Penguin?
Club Penguin has been designed to benefit all communities involved and will help grow the Avalanche network as a whole.
- Giving projects access to a wider audience of investors and our loyal community of Penguins
- Giving new projects added exposure, leading to organic user growth
- Close collaboration with the Penguin Development and Marketing Team, working together to grow both projects
- Fair distribution of a project’s token
If you are a project looking to set up your own Iceberg, please reach out to us here.
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.