ForceDAO is excited to announce the launch of new stablecoin strategies and structured products on Avalanche!
Avalanche is an open-source platform for launching decentralized applications in an interoperable, highly scalable ecosystem.
At the time of writing, there are over $1.6B in total value locked across AMMs, interest-rate protocols and other dApps. A number of Ethereum-based protocols including SushiSwap and Curve have also announced their interest in deploying their products on Avalanche.
With these new integrations, we can expect an increase in liquidity and as always, new opportunities to generate yield!
Products
The initial set of products built for Avalanche will be centered around stablecoin strategies. The C-Chain ecosystem has a number of healthy interest-rate and AMM protocols with significant yield for farmers.
Yield Strategies
- Pangolin Exchange (AMM)
- Trader Joe (AMM)
- BenQi (Interest-rate)
Structured Products
- Fixed-yield (stablecoins)
- Variable-yield (stablecoins)
How do I prepare for launch?
In order to get started with Avalanche, you must first migrate funds over to Avalanche’s C-Chain (smart contract chain), here’s a couple recommendations:
Bridge
Head over to the link below and interact with the AVAX network bridge. Heads up, its super fast, meaning funds are transferred after only ~35 blocks.
dApp
Now that you’re in the network’s C-Chain, try out some popular dApps and get some LPs:
- Pangolin Exchange (AMM)
- Trader Joe (AMM)
The flow is just like using UniSwap or SushiSwap, no difference if you‘re familiar with swapping on Ethereum AMMs.
About Avalanche
Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem. Avalanche is able to process 4,500+ transactions/second and instantly confirm transactions. Ethereum developers can quickly build on Avalanche as Solidity works out-of-the-box.
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About ForceDAO
Force is a community-driven platform for building yield strategies and structured products. We’re bringing balance to DeFi ecosystem!
See you on the other side.
