Avalanche Foundation launches liquidity mining incentive program Memecoin Rush to promote the Meme ecosystem

According to TechFlow news, the Avalanche Foundation launched Memecoin Rush, a liquidity mining incentive program that has now begun and will be divided into several phases. Designed to promote the memecoin ecosystem on the Avalanche blockchain. ​

The first phase of the Memecoin Rush rewards liquidity providers on SteakHut and Trader Joe’s with $1 million in AVAX and select community coins.

It is reported that Memecoin Rush is actually a continuation of Avalanche Rush, an ongoing liquidity mining project that has helped Avalanche DeFi surge since 2021.