KEY TAKEAWAYS
- The Avail Network has expanded its ecosystem by integrating with Lens and Sophon, enhancing its scalability and interoperability.
- The AVAIL token is now accessible on the Base blockchain, allowing users to earn rewards through Aerodrome Finance.
- Users can participate in the AVAIL-USDC liquidity pool on Aerodrome Finance by transferring tokens via Wormhole.
- Security measures are emphasized, advising users to verify URLs to avoid phishing attacks.
The Avail Network, a modular application development stack designed to enhance blockchain verification systems for the internet, has recently expanded its ecosystem. The network aims to address key challenges in rollup scalability, interoperability, and usability.
In a significant development, the Avail community has welcomed Lens, a leading decentralized social network, and Sophon, a consumer-led blockchain supported by the ZKsync ecosystem. This integration is expected to bolster Avail’s capabilities in offering scalable and interoperable solutions.
AVAIL Token Now Accessible on Base Blockchain
The AVAIL token, which plays a crucial role in the Avail Network by facilitating network services and ensuring security, is now accessible on the Base blockchain. Users can collect rewards through Aerodrome Finance, a platform that supports AVAIL liquidity.
Base users can access the AVAIL token via the AVAIL-USDC pool on Aerodrome Finance. Tokens are transferred to the Base blockchain using Wormhole, a cross-chain messaging protocol. Liquidity providers can earn AERO emissions by adding liquidity to the AVAIL pool and staking the LP token.
Steps to Add AVAIL Liquidity and Earn Rewards
To participate, users should first acquire the AVAIL ERC-20 token on the Ethereum network. Next, they need to transfer the tokens to the Base blockchain using Wormhole. Once transferred, users can provide liquidity on Aerodrome Finance. Those with USDC on Base can directly participate in the liquidity pool.
It is important for users to verify URLs in their browser’s address bar and avoid clicking on unsolicited links to protect against phishing attempts and other malicious activities.
For more information, the full announcement can be found here.
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