Avalanche Rush to give out more than 180M in DeFi incentives
The multi-stage program will start with $27M tokens allocated for the Aave and Curve protocols, with additional incentives reserved for Avalanche native projects. Smart contract platform Avalanche has announced a $180 million liquidity mining incentive program, named Avalanche Rush. The program aims to encourage more applications and tokens to move to Avalanche’s decentralized finance (DeFi) platform, according to the release.
It's set to follow a multi-stage deployment starting with the Aave and Curve protocols, before expanding to other assets in the coming months. For this first stage, Avalanche will allocate up to $20M AVAX tokens for Aave and $7M AVAX tokens for Curve over a 3 month period. At the same time, the Avalanche Foundation will sponsor the launch of Benqi’s DeFi protocol native to the Avalanche network with a $3M allocation starting August 19.
News of the Rush program follows the re-release of the Avalanche Bridge — an upgraded version of the project’s previous cross-chain bridging tool that is allegedly five times cheaper, faster and more secure than before. Part of the funds allocated to the Rush initiative will be reserved for current and future native Avalanche applications, with more information on applying for native incentives said to be coming soon.
Aave Companies founder Stani Kulechov said of the program: “Avalanche consensus is well suited for building DeFi applications due to its scalability features, particularly its high throughput and near-instant finality.“
Top Cryptocurrencies with Price Predictions
| # | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
| 1 |  BTC |
Bitcoin predictions | 75.6% | 48 | $28 164.10 | 0.33% | 13.02% | $544 261 794 571 |  |
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| 2 |  ETH |
Ethereum predictions | 82.8% | 31 | $1 787.94 | 1.35% | 5.81% | $218 797 673 934 |  |
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| 3 |  USDT |
Tether predictions | 93.2% | 1 | $1.001512 | 0.02% | -0.33% | $77 553 405 398 |  |
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| 4 |  BNB |
Binance Coin predictions | 78% | 46 | $324.78 | -3.14% | 5.19% | $51 279 077 061 |  |
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| 5 |  USDC |
USD Coin predictions | 95.6% | 2 | $0.998760 | 0.04% | -0.12% | $35 199 682 488 |  |
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| 6 |  XRP |
XRP predictions | 86.4% | 15 | $0.444871 | 13.53% | 20.20% | $22 666 568 541 |  |
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| 7 |  HEX |
HEX predictions | 64% | 80 | $0.103499 | 4.55% | 25.69% | $17 947 941 823 |  |
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| 8 |  ADA |
Cardano predictions | 74.8% | 51 | $0.371437 | 9.28% | 9.72% | $12 895 992 999 |  |
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| 9 |  STETH |
Lido stETH predictions | 95.6% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 10 |  MATIC |
Polygon predictions | 75.2% | 48 | $1.14 | 1.42% | -3.43% | $9 978 105 668 |  |
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| 11 |  DOGE |
Dogecoin predictions | 72.8% | 55 | $0.074846 | 3.43% | 1.71% | $9 929 845 913 |  |
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| 12 |  SOL |
Solana predictions | 69.6% | 56 | $22.51 | 0.16% | 8.87% | $8 635 954 598 |  |
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| 13 |  BUSD |
Binance USD predictions | 91.2% | 1 | $1.000029 | 0.05% | 0.02% | $8 119 915 835 |  |
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| 14 |  DOT |
Polkadot predictions | 72% | 50 | $6.26 | 1.54% | 0.77% | $7 311 391 259 |  |
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| 15 |  WTRX |
Wrapped TRON predictions | 84% | 24 | $0.066579 | 3.00% | 0.41% | $6 769 516 188 |  |
