Algofi and Algorand Foundation partner to launch $3M liquidity mining initiative

Algofi, a decentralized lending protocol and stablecoin built on the Algorand blockchain has joined forces with the Algorand Foundation to distribute 2M ALGO in Q1 2022 through the Aeneas Liquidity Program.

Starting in January 2022, users of Algofi will algorithmically earn ALGO rewards when they borrow and lend ALGO, STBL, USDC, goBTC, and goETH.