Avalanche Foundation grants $1M AVAX to Salvor

The Avalanche (AVAX) Foundation has disclosed a $1 million AVAX grant to Salvor, a peer-to-peer NFT and meme coin lending protocol, with the aim to bolster the Avalanche C-Chain service, as reported by Crypto Briefing. The grant is intended to facilitate liquidity expansion within the Avalanche ecosystem, according to statements from the company. This strategic move signals a concerted effort to enhance the infrastructure supporting decentralized finance (DeFi) activities on the Avalanche network.