Posted 11/21/2023, 1:30:00 PM
Colony Lab Invests $10M to Support Avalanche Ecosystem Growth and Benefit AVAX and CLY Holders
- Colony Lab to invest $10M to support Avalanche ecosystem growth
- Over $8M used to buy 500,000+ AVAX tokens for validator program benefiting holders
- Funds also invested in Colony Avalanche Index (CAI) yield-bearing token index
- Fees and rewards from validator programs directed to Colony Lab's CLY token stakers
- Colony Lab CEO Investment shows commitment to aligning with and fostering Avalanche's long-term vision