TechFlow reports that Trader Joe has posted a tweet stating the Avalanche Foundation has released rewards for the first week of its Memecoin Rush single-sided staking program, totaling approximately $500,000 in value and distributing 10,000 $AVAX.
Rewards were allocated across 10 pools based on total value locked (TVL) and the percentage of token supply at the time of snapshot.
Participants can claim their rewards directly from the staking pool they joined, or choose to let rewards accumulate throughout the event period.
A "Diamond Hands" achievement is also available, requiring participants to maintain their staked position for the entire duration of the event. For assistance, users may refer to the FAQ section on the Rush page or contact the Trader Joe Discord community.
