TechFlow News, October 7 — Fully on-chain decentralized exchange WOOFi announced the launch of its Avalanche BOOST Program, which will distribute a total of 10,000 sAVAX in user incentives over the next 12 weeks. The program will provide additional sAVAX rewards to users through two mechanisms: WOOFi Earn and Cross-Chain Carousel events. Details are as follows:
-
WOOFi Earn: 80% of the incentive pool (8,000 sAVAX) will be distributed via WOOFi Earn. Users can deposit assets into one of three WOOFi Avalanche Earn vaults (AVAX, USDC, and BTC.b). Upon deposit, sAVAX rewards will accrue in real time and can be claimed by users at any time.
-
Cross-Chain Carousel: The remaining 20% (2,000 sAVAX) will be distributed through the Cross-Chain Carousel event. Each week will spotlight a different Avalanche protocol, allowing participants to bridge assets and swap into that week’s designated token. A weekly reward pool valued at $5,000 in sAVAX will be distributed proportionally based on participants’ trading volume.
