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.