The Avalanche Foundation is offering up to $3 million worth of AVAX tokens to Dexalot, a central order limit book decentralized exchange (DEX) built on an Avalanche subnet, according to a press release. The initiative is part of Avalanche’s Multiverse, an incentive fund to push the growth of new subnets. A subnet is a sovereign network that defines its own rules for membership and tokeneomics. Dexalot is a DEX that aims to replicate the centralized exchange experience through a decentralized on-chain app. Starting in fall, Avalanche’s Multiverse funds will be released over 12 months via the Dexalot incentive program.
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