A colossal 10,000 sAVAX incentives will be distributed in Q4

Ready. Set. Boost.

Good morning, it's time to rise and grind. Starting today, WOOFi Earn will rain bonus sAVAX rewards for the next 3 months. These incentives have been allocated to WOOFi as part of Avalanche’s BOOST program: an initiative to promote the chain’s vast wealth of earning opportunities and snowball TVL.

Beginner’s guide to BOOST

BOOST rewards will be distributed over 12 glorious weeks, and can be earned through any of WOOFi’s 3 Earn vaults on Avalanche: AVAX, USDC, and BTC.b. Once you’ve deposited, bonus sAVAX rewards will begin accruing in real-time and can be claimed whenever and as often as you like.

Know your rewards

All BOOST rewards will be distributed in BENQI Staked AVAX (sAVAX). This is the token that users receive when staking their AVAX on Benqi Liquid Staking. It’s transferable, highly liquid, and accrues staking rewards while you hold it. You can unstake your sAVAX anytime to receive normal AVAX + any rewards you earned.

If you were using Avalanche vaults before BOOST, any unclaimed WOO rewards will be airdropped directly to your wallet.

BOOST better with WOOFi

In case you didn’t know, we like to keep things simple and convenient around here. All WOOFi vaults are single-sided which means no impermanent loss and no need to actively manage your LP positions. This is why yield farmers choose WOOFi - because they value being able to set, forget, and focus on the more important things in life.

See the image below for info on how rewards will be split between each vault.

Cross-chain carousel returns

If yield farming isn’t your cup of tea, don’t fret - there’s another $5,000 of AVAX to be earned every week by taking part in our Cross-chain carousel: Avalanche Edition. Our aim is to showcase some of the exceptional talent building across various verticals of Avalanche including DeFi, memes, liquid staking, and more.

One Avalanche protocol will be spotlighted each week for the next 12 weeks. Everyone who cross-chain swaps any asset from any chain into the featured token of the week will split $5k sAVAX proportionately based on their volume. The more volume you move, the more sAVAX you get.

Here’s a look at the different projects you can expect to see on the carousel.

The first protocol to feature is Coq Inu: the community coin of the Chad Chain. Already featured in 3 Beeple Everydays and with over 78,000 holders, COQ is part and parcel of Avalanche meme culture.  They say life is better when you have some COQ INU, so why not see for yourself?

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