There are so many crypto projects and blockchains and platforms available, that it is hard to keep a track of all of them. To be honest, I am not even trying, because I know that it is almost impossible and I don't have the brain or the capacity to learn about all of them.
But, I have noticed the Avalanche blockchain and I have actually read quite a bit about it here on Hive/Leofinance, and I like what I read. But, the most interesting is when you actually try it in real life. It is also interesting to see that Binance has activated support for the Avalanche C-Chain, making it even easier to deposit and withdraw funds and use them for activities on the Avalanche blockchain. And yes, that is needed if you want to try PenguinFinance, the number #1 project on AVAX (using their own words that you can see in the picture below as well).
You can clearly see the similarities between the PenguinFinance website and the PancakeSwap website (for example). And the possibilities at the PenguinFinance website are quite similar to the ones you will find at PancakeSwap. Of course, the difference is that the trading engine isn't actually PenguinFinance, but if you want to buy and sell tokens, you will use the so-called Pangolin exchange (https://app.pangolin.exchange/#/swap). This is also run on the Avalanche blockchain!
What's up at Penguin Finance
This is a place for those in love with passive income and for those who believe that the Avalanche blockchain is here to stay and who want to invest in the platform and who also believe in the future of Penguin Finance.
Penguin Finance has its own token, PEFI. The current price of one PEFI is $1.79. Once you own those PEFI tokens you can start to have fun. The easiest thing you can do is to stake it and enjoy an APY of approximately 120%.
Then you have all those liquidity pools that you can join on Pangolin, and then later use those LP tokens to add them to an IGLOO at the Penguin Finance website. As you do this, you will earn trading fees from Pangolin, while also receiving much higher rewards at the Penguin Finance website from the IGLOOS. This will give you an even higher boost of PEFI tokens that will automatically compound (at a rate you decide).
There are other projects on the Penguin Finance website as well, making this a project that might enjoy a big boost as more and more people use the Avalanche blockchain.
This is not at all financial advice, and I clearly see the dangers of adding funds and buying PEFI tokens, considering that it is a somewhat new and unknown platform. But, at least I have given some information, and now you can feel free to do some more research on your own if it sounds interesting!
For more articles about cryptocurrencies, I can warmly recommend: https://www.ipaddressguide.org/category/cryptocurrencies/
Have you tried Penguin Finance? What is your experience? Are you positive?
One last thing... fantastic transaction fees on AVAX
I have done lots of transactions on the Avalanche blockchain related to Penguin Finance, Pangolin, and more. I guess the number will be somewhere around 50 transactions. Some of these have been adding funds to liquidity pools, removing them, and more! If this had been on Ethereum I would have spent more than $1000 (way more) paying for fees. But, on Avalanche I guess I might be somewhere around $20 or max $30 in fees so far (probably much lower). In other words, doing a simple trade on Pangolin will normally cost $0.2-$0.04 or something like that. What a joy!