Poolz Expands DeFi Liquidity Tools on Avalanche
- The cross-chain IDO platform will enable projects launching on Avalanche to generate liquidity.
- Users will also be able to access Poolz’s DEX, OTC trading infrastructure, and NFT auctions.
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Announced in an Avalanche press release from 10 June, the integration will provide projects on Avalanche with a simple solution to generate liquidity. Avalanche projects using Poolz will be able to launch and manage liquidity auctions that are easily discoverable by users on the platform.
“The integration with Avalanche is another step in promoting cross-chain functionality so anyone interested in participating in new projects can easily do so on any supported chains,” the company said in the announcement.
Users developing projects on Avalanche will be able to leverage the Poolz platform to launch with immediate liquidity on the Poolz decentralized exchange (DEX). NFT-based projects will be able to launch dynamic ratio auctions on Poolz, and split the bidding process into several rounds. Users of the platform will be able to generate a passive yield from ETH and DAI holdings by providing liquidity to auctioning projects.
Any project launching on Avalanche will also be able to utilize Pooz as a marketplace for over-the-counter (OTC) and have large-sized orders traded directly with a counterparty without any risk.
Poolz is a decentralized, cross-chain IDO platform that has already integrated with Ethereum, Binance Smart Chain (BSC), Huobi ECO Chain (HECO), Moonbeam, and TomoChain.
- MetaMask Bridges was designed to aggregate multiple blockchain bridges in one place, making it easier and more secure for users to transfer their assets from one network to another.
- The new feature currently supports the Ethereum, Avalanche, BNB Chain, and Polygon blockchains, as well as the Connext, Hop, Celer cBridge, and Polygon Bridge.
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- The Avalanche Foundation’s “Metaverse” program aims to accelerate the adoption and growth of the Avalanche network subnet functionality.
- The first two projects selected for the program are an NFT gaming project, and an institutional DeFi initiative with a native KYC functionality.
- Three new Avalaunch IDO tokens are currently valued significantly higher than their sale price.
- The upcoming Imperium Empires game is perhaps the most hyped up project to launch a token on the launchpad.