On November 28th, Penguin Finance announced that BooFinance, a forthcoming, succeeding yield farming dApp exclusive of the Avalanche, will distribute tokens to the Penguin Finance audience via the Club Penguin dApp. Developing an Iceberg on the platform will bring the $BOOFI token to an active and productive customer base, which is essential for collecting bonus Cauldron awards, staking, and Boo NFTs.
- Staking for the Iceberg will begin on Monday, November 29th at 20:00 UTC
- BOOFI prizes will be available on Tuesday, November 30th at 4:00 UTC.
- The iceberg will melt four days later, on Friday, December 3rd, at 4:00 UTC.
The Club Penguin dApp is intended to provide iPEFI usefulness in addition to the profitable APYs and launchpad allotment which it already provides. Penguins will receive free tokens from worthwhile enterprises within the Avalanche ecosystem by staking iPEFI.
It will operate as a single-asset iPEFI staking protocol; consider it “stake-ception.” Users can earn BOOFI prizes by staking iPEFI within the BOOFI Iceberg. The Iceberg will be available in the Club Penguin dApp for four days to guarantee that the yields are appealing. They ‘ll also provide data about BooFinance so that people can become engaged with the initiative.
About Penguin Finance
Penguin Finance is an Avalanche-powered system that is developing a novel collection of dapps, financial products, and information for both technologically competent persons and those with no prior knowledge of cryptocurrencies.
They’re bridging the DeFi-to-mass acceptance gap by providing ultra-low prices, an easy UX design, and the greatest documentation/tutorials. PeFi was created by penguins, for penguins.
BooFinance is a new DeFi system that will provide revolutionary DeFi solutions to Avalanche network clients. The Boo Council, Deflationary NFTs, and the Cauldron are their primary products (DAO). Because the majority of their farms feature their native token (BOO), they assure that APYs and token value remain high, and the Avalanche blockchain enables BooFinance to function at sub-dollar transaction cost.