Avalanche Subnet - Dexalot
Avalanche Subnet: Special Infrastructure for Decentralized Finance
Avalanche is a significant player in the cryptocurrency world, focusing on decentralized finance (DeFi) applications. Utilizing the unique Avalanche Consensus Protocol, Avalanche provides fast transactions, low fees, and high scalability. Avalanche Subnet emerges as an extension of this powerful protocol.
Generally defined as a private subnet or subchain, Avalanche Subnet represents a specific area within the overall structure of the Avalanche network and can be customized to meet specific requirements. These private subchains are often designed to focus on particular application types or asset classes.
The purpose of these private subchains is to enhance the scalability of the Avalanche network, serve different DeFi applications, and provide specialized solutions for specific types of assets. Each Subnet can determine its own consensus rules, manage customized asset tokens, and be optimized for a specific use case.
Avalanche Subnet stands out as a game-changer for DeFi projects, offering parallel processing and opportunities for custom application development. These subchains not only increase the overall network capacity but also aim to cater to a broader crypto community by providing solutions suitable for different DeFi ecosystems.
In conclusion, Avalanche Subnet offers a specialized and customizable infrastructure for the rapidly growing DeFi sector in the cryptocurrency world, presenting diverse and impactful possibilities for the future of decentralized finance.
Also, Dexalot Multiverse has an incentive program associated with the Avalanche Subnet. Let's take a look at how it operates.
Highlights:
Up to $3 Million in AVAX tokens
Multiple activities incentivized
Start — Distribution starts September 1, 2023
Duration — 1 Year
Activity Eligibility:
All Users that trade on theDexalot exchange are eligible.
Trades and portfolio holdings on Dexalot since the launch of the Dexalot Subnet in February 2023 apply retroactively.
Contracted market makers are not eligible.
Initial Incentive Distribution:
Initial incentives will be distributed according to the same basic mechanism used for DIP.
Multiverse incentive proportions will utilize the following DIP components (50% each) as described below:
E — Executed Volume: The total US$ value of all trades executed by you, assessed monthly.
A — $ALOT Token Quantity: The total number of $ALOT tokens in your Dexalot portfolio assessed monthly.
Distribution will be across trade pairs according to the following proportions:
ALOT/USDC — 13%
AVAX/USDC — 13%
AVAX/USDt — 13%
BTC.b/USDC — 13%
WETH.e/USDC — 13%
EUROC/USDC — 8%
USDt/USDC — 8%
sAVAX/AVAX — 8%
QI/USDC — 4%
COQ/AVAX — 4%
more information:
https://docs.avax.network/learn/avalanche/subnets-overview
https://medium.com/dexalot/dexalot-multiverse-c4887aedf301
