Growth Ecosystem, a primary DeFi cross-chain farming protocol, has finally launched on Avalanche, one of the world’s fastest-growing blockchain ecosystems. The Growth Ecosystem launched on November 13, with a revolutionary new hybrid bridge system for its incentives token, $WHEAT, as well as a self-repaying loan feature for its overcollateralized stable coin, $MOR on Avalanche. WHEAT is the Growth DeFi ecosystem’s incentive token, and it can be farmed organically by staking WHEAT, GRO, or MOR. It also plays an essential role in Growth DeFi’s new hybrid bridge product. According to the announcement post by Growth DeFi, the WHEAT hybrid bridge was created to serve both WHEAT holders and the Growth DeFi protocol. The hybrid bridge aligns incentives between WHEAT holders on different chains and provides self-adjusting incentives based on market demand to each chain. For example, users can use the hybrid bridge to exchange WHEAT from BSC to Avalanche and vice versa based on the USD prices of each token. The hybrid bridge is funded by roughly 10% of Avalanche’s daily emissions and would be updated regularly to reflect price changes in both the BSC and Avalanche ecosystems. The WHEAT hybrid bridge is an important feature that adds value to WHEAT holders on Avalanche because it aids supply reduction through arbitrage, increases yield generating assets, and provides very high APY’s on the Avalanche chain. ...
