March 9, 2022 Avalanche commits $290M to incentive program.

Avalanche has committed 4M AVAX, worth around $290M, to multiverse-focused incentive program. The program will focus on development on Avalanche’s application-specific subnets. The program will attempt to incentivize existing applications on other networks, such as Aave and Securitize, to create versions on their protocols on Avalanche.