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 | 94% | 7 | $37 974.79 | 2.65% | 3.21% | $742 620 081 767 |  |
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| 2 |  ETH |
Ethereum predictions | 76% | 50 | $2 055.28 | 2.12% | 3.49% | $247 134 847 899 |  |
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| 3 |  USDT |
Tether predictions | 91.2% | 1 | $1.000205 | 0.02% | -0.01% | $88 917 133 121 |  |
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| 4 |  BNB |
Binance Coin predictions | 83.2% | 25 | $230.20 | 1.89% | -4.06% | $34 920 472 818 |  |
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| 5 |  XRP |
XRP predictions | 74.4% | 42 | $0.611671 | 2.00% | 2.53% | $32 918 272 630 |  |
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| 6 |  SOL |
Solana predictions | 59.2% | 87 | $58.20 | 6.66% | 8.25% | $24 645 476 442 |  |
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| 7 |  USDC |
USD Coin predictions | 96% | 1 | $0.999716 | -0.02% | -0.02% | $24 482 991 365 |  |
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| 8 |  ADA |
Cardano predictions | 71.6% | 62 | $0.385539 | 3.00% | 4.21% | $13 608 842 925 |  |
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| 9 |  DOGE |
Dogecoin predictions | 74.8% | 48 | $0.080387 | 3.60% | 7.77% | $11 416 474 493 |  |
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| 10 |  STETH |
Lido stETH predictions | 94.8% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 |  |
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| 11 |  TRX |
TRON predictions | 82.8% | 27 | $0.103195 | 0.78% | 6.00% | $9 138 361 208 |  |
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| 12 |  WTRX |
Wrapped TRON predictions | 84.4% | 30 | $0.103028 | 0.42% | 5.47% | $9 123 536 549 |  |
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| 13 |  TON |
Toncoin predictions | 81.6% | 31 | $2.42 | -0.45% | 3.16% | $8 314 438 840 |  |
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| 14 |  LINK |
Chainlink predictions | 63.6% | 69 | $14.57 | 3.63% | 4.11% | $8 113 407 755 |  |
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| 15 |  AVAX |
Avalanche predictions | 58.8% | 86 | $20.64 | 2.41% | 0.41% | $7 534 681 892 |  |
