DeFi protocol Avant has announced a delay in its planned token generation event (TGE) to mid-September due to current market conditions. According to Foresight News, the decision comes as the overall DeFi token market faces pressure and several protocols have recently experienced attacks.
Avant confirmed that users' accumulated reward points will be retained, with the accumulation period ending on May 15. The airdrop distribution will remain unaffected.
The team plans to use this time to advance new partnerships, continue expanding total value locked (TVL), and further develop its product offerings.