Avalanche Foundation Provides $3 Million in $AVAX to Dexalot

The Avalanche Foundation is providing up to $3 million worth of $AVAX tokens to Dexalot. The program is part of Avalanche Multiverse, an incentive fund to drive the growth of new subnets. Funds will be released through the Dexalot Incentive Program over a 12-month period staring in the fall.

Dexalot is a central order limit book DEX built on an Avalanche subnet designed to replicate the centralized exchange experience through a decentralized on-chain application. It aims to allow users to place orders at precise levels through its central limit order book. Dexalot launched its subnet in February.

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