Penguin Finance Official Partnership with BooFinance
Penguin Finance joining forces with Boo Finance is pioneering DeFi 3.0 with an exciting, gamified yield farming platform built for user competition. Users can earn rewards through the “Cauldron”, where you can stake your LP or single-asset, interest-bearing tokens. The “Stake” allows you to zombify your BOOFI on the spot for zBOOFI (single-asset staking)! zBOOFI is your ticket to adventure in the Haunted House, and it’s always growing in value.
Just like Penguin Finance, Boo Finance is a community-oriented protocol, with no venture capital, pre-mine, or private sales. Boo Finance aims to maximize its impact on Avalanche through a fun and innovative wealth-generation machine.
Through this partnership, PeFi will be boosting the PEFI-BOOFI pair on the platform for a week after BooFinance’s launch. Additionally, BooFinance’s cauldron farming dApp will grant PEFI LP and iPEFI stakers bonus rewards. They aim to support their launchpad partners long-term and help their community grow. They already reviewed BooFinance’s code and successfully conducted an internal audit of their applications.
You should expect plenty of cross-collaborations between both teams and communities, including AMAs, giveaways, and potentially much more.
About Penguin Finance
Penguin Finance is a platform powered by Avalanche, building an innovative set of decentralized applications, financial products, and documentation for technologically savvy individuals and those with absolutely no knowledge of cryptocurrency.
About BooFinance
BooFinance is a decentralized collective of ghosts working to disrupt current yield farming practices and inflationary NFT models. BOOFI offers a sustainable model that rewards early and long-term holders through cutting-edge yield farming contracts and deflationary NFTs. The protocol runs on Avalanche, leveraging on near-instant finality, low gas fees, and paramount levels of decentralization.
