Lil Coq: Fusing Art and DeFi on Avalanche
Lil Coq brings NFTs and DeFi together on Avalanche, offering bi-weekly $AVAX rewards, a growing token ecosystem, and community-driven art that goes beyond the typical NFT project.
For quite some time, Avalanche has been the go-to chain for the best digital artists in the Web3 space. Creative minds are constantly producing exceptional art, memes, and cultural pieces. But with Lil Coq, that creative spirit takes on a new layer, one that blends culture with DeFi mechanics.
Lil Coq is more than an NFT project; it's a playful, purpose-driven fusion of art and DeFi that adds a fresh layer to Avalanche. You might be surprised to learn about the inner workings of its blooming ecosystem, from its NFT collection to the $LIL token, and even some incredible partnerships with other Avalanche projects. Let’s dig in.
The Lil Coq NFT Collection
Lil Coq is a distinctive collection of 2,420 NFTs that can be found on JoePegs and Salvor. NFT holders earn bi-weekly payouts in native $AVAX just for keeping a Lil Coq NFT in their wallet. This is made possible through liquidity mining, which is when crypto assets are supplied to liquidity pools on DEXs and additional tokens are earned from transaction fees, proportional to the amount of liquidity provided. The Lil Coq treasury and liquidity pool numbers are published with each bi-weekly payout.
Lil Coq also supports the Coq Inu ecosystem because a portion of each bi-weekly $AVAX payout is used to buy $COQ tokens. Half of the $COQ is burned, and the other half is added to $COQ liquidity pools for liquidity mining. Additionally, owning certain Lil Coq NFTs with a $COQ pendant earns extra bi-weekly rewards.
The $LIL Token: Merging Art with Passive Income
On March 13, 2025, the $LIL token went live. Launched exclusively on Earnings Bay, $LIL is a utility and community token that provides serious value to its holders. Similar to the NFT collection, holding and staking $LIL earns passive rewards in $AVAX through the team’s liquidity mining efforts.
Early staking went live a few days after the token launch, with stakers receiving $AVAX rewards from funds withheld from botted presale accounts. Regular staking, where stakers receive rewards from liquidity mining profits, went live in March. Here is the tokenomics for $LIL:
Total supply: 1.35 billion $LIL
The presale funds are used for liquidity mining.
50% of liquidity mining profits go to $LIL stakers, paid bi-weekly in $AVAX.
20% of liquidity mining profits get compounded (put back into the liquidity pool) to help with sustainability.
20% of liquidity mining profits are used for $LIL buybacks & liquidity boosts.
10% of liquidity mining profits go to the team for project development.
Recent Developments and Community Initiatives
The Lil Coq team is actively engaged with the Avalanche community through various initiatives. For instance, the team holds auctions for Legendary Lil Coq’s (LLCs) that are themed after prominent Avalanche NFT collections. In December, the auction was for a Dokyo-themed LLC, and in February, the auction was for a Koroshi-themed LLC. The winners of each auction received several items and benefits, including:
1 of 1 project-themed NFTs
Double the monthly $COQ airdrop amount compared to owning a Coq pendant NFT
T-shirts
Custom artwork to hang on the wall
Stickers
Beach towels
OG roles for project mints
In addition to LLCs, the team has partnered with other Avalanche NFT projects to do giveaways. One of these giveaways was with Cayden and Nico, a father-and-son team helping kids with autism express themselves through art. The giveaway was for several Robot NFTs from Cayden’s Avax Army collection. And then to return the favor, Cayden gave away some $LIL tokens to several of his Robot holders!
Final Thoughts
Lil Coq captures the vibrant, community-centric art scene of Avalanche, where creativity, culture, and DeFi come together effortlessly. Its eye-catching NFTs, value-driven DeFi mechanics, and collaborative spirit add depth to Avalanche’s cultural landscape while opening up new opportunities for passive income. As it continues to evolve, Lil Coq stands as a great example of how artistic expression and blockchain technology can merge to create meaningful and engaging experiences in Web3.
Learn more about Lil Coq at: lilcoq.xyz
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Always do your own research before engaging with any blockchain or DeFi project.
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