Avalanche Foundation launches ice-breaking plan, focusing on LST track in the first phase and funding 500,000 AVAX

According to official sources, the Avalanche Foundation has announced the launch of the Icebreaker Program, aimed at strengthening ecosystem growth and resilience by expanding Avalanche's on-chain activities. The program has four key goals: empowering new projects, enhancing market stability, diversification, and active ecosystem participation.

The first phase of the program will focus on liquidity staking tokens (LST) and provide 500,000 AVAX funding, which will be distributed to some LSTfi projects.

It is reported that the Icebreaker Program will be rolled out in multiple phases, each aimed at meeting different needs and opportunities within Avalanche. Future phases may include additional support for more ecosystem projects.