Penguin Finance has joined forces with Gondola Finance

With less than a year since Mainnet launch, the Avalanche ecosystem has been growing by leaps and bounds and has already become one of the most popular layer-1 blockchains in the market. Despite its remarkable growth, the journey to dethrone Ethereum is still arduous. It becomes more and more evident that collaboration is crucial for Avalanche projects to transcend the ecosystem to another level.

Being two of the most popular farming/staking projects on the ecosystem, Penguin Finance is excited to announce an official partnership that will help grow the ecosystem and strengthen the bonds between projects and communities to improve the current state of Avalanche. This partnership will include cross-token giveaways, and new Penguin auto-compounding strategies for GDL. In turn, Gondola will help promote the Penguin Compounder and drive liquidity providers to our auto-compounding platform for growth!

The Penguin auto-compounder is the cheapest and highest-yielding compounder on the Avalanche network at the moment, and it has full coverage on all GDL mining pairs (zETH-ETH, zUSDT-USDT, and renBTC-WBTC). As Gondola expects more bridged pairs to launch in the near future, it is important to support them in this journey which will help our fellow Gondolians compound their liquidity with ease.

About Penguin Finance

Penguin Finance is a platform powered by Avalanche building an innovative set of decentralized applications, financial products, and documentation for both technologically savvy individuals and those with absolutely no knowledge of cryptocurrency.

About Gondola Finance

Gondola Finance specializes in Stableswaps on Avalanche, bridging fragmented liquidity.

Different bridged assets result in fragmented liquidity, and they are very difficult to transfer to each other unless users are paying high transaction fees and slippages. Gondola is created to connect any asset on Avalanche.

📰 INFO

https://penguin-finance.medium.com/penguin-x-gondola-official-partnership-announcement-2b1442bb78a6