This Week in Avalanche, Apr 16 2021
Avalanche Major News
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BoringDAO is expanding to Avalanche to build a community-driven, decentralized multi-chain bridge to further connect Avalanche to complementary ecosystems.
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The TrustSwap Incubator Program was announced and will go live on April 25th. The service will aim to offer a complete and full-service digital ecosystem that solves significant implementation challenges within the crypto industry.
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BENQI ran a public token sale and it sold out in minutes. They also announced funding from a range of institutional investors including Ava Labs.
Staking (P-Chain)
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AvalancheGo v1.3.2 released. This update is optional, but encouraged. The patch includes security improvements, bug fixes, and monitoring improvements.
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77.90% staking ratio (298,189,938 AVAX) – ↑ 0.5% from last week
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~10.57% current staking reward per year
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918 Validators – ↑ 2 from last week
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Asset Layer (X-Chain) and DApp Layer (C-Chain)
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Avvy Domain Names launched on main-net. You can currently claim names with an equal or greater length than 10 characters.
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Snowball released an NFT Shop. They’re giving away free NFTs to pervious participants in their governance.
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AnySwap now support Avalanche C-Chain for cross-chain swaps however liquidity is quite low right now.
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Crypto Runes, an NFT project is live on the C-Chain.
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Sex Finance launched but there have been some accusations from community members that the project is a scam from the founder of PandaSwap who apparently also runs CheetahSwap.
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Nexus Cards, a a gamified NFT card battler series, launched on the C-Chain.
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Stats:
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3,372 assets issued on the X & C Chains
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58,660 total AVAX burned 🔥 – ↑ 2,891 from last week
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Stuff for Devs
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There are some new tutorials on the Figment Learn Pathway. As a reminder you can earn $500 in AVAX by creating your own tutorials on Figment Learn.
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Cognizance are currently running a workshop. Avalanche 101: Building on the Internet of Finance. The workshop runs 15 – 18 April.
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OneMillionWallets – Covalent Avalanche Speaker Series: Building on Blockchain. Featuring Connor Daly.
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Gabriel Cardona and Nicholas Mussallem spoke at the Google Developer Student Club PoliMi of Milan.
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Avash v1.0.6 released
Ecosystem
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Encode announced their Avalanche Club participants. 10 participating teams will take part in a 10-week pre-accelerator with the opportunity for follow on funding.
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Avalaunch listened to their community and will be natively launching their smart contracts and token exclusively on Avalanche and Pangolin.
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Popular French streamer Corobizar has started to utilise NFTs (on Avalanche) to engage with his community. The NFTs can be earned by watching streams as well as purchased for crypto.
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FAI protocol launched and then quickly rug pulled their investors. Be extremely careful putting money in early projects with anon founders. Always DYOR.
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Lydia Finance released details about their upcoming DeFi platform.
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Integrated: What’s Next for Automated Market Makers. An upcoming clubhouse discussion featuring Kevin Sekniqi and other leaders in the DEX space. Taking place on Wednesday 21st at 9am ET.
Podcasts, Interviews & Misc
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Keep up to date with Avascan via their blog.
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CederNet has been releasing videos about how to interact with many Avalanche based projects.
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Wolf of All Streets Podcast: Unlocking $700 Trillion to Crypto. Featuring John Wu from Ava Labs.
Upcoming Dates
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Wednesdays (ongoing): Ava Labs Developer Services Office Hours, 2pm–5pm EST – hosted on Discord
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Apr 6 – 19: Covalent 1 Million Wallets hackathon
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Apr 21: Integrated: What’s Next for Automated Market Makers. Clubhouse Discussion.
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June 7: Crowdsale AVAX tokens unlock
About the newsletter
This Week in Avalanche is an independent newsletter tracking what’s happening in the Avalanche ecosystem. Inclusion of a project or token is not intended as endorsement (DYOR). If you have suggestions or feedback you can reach out at @WeekInAvalanche / @EdwardWilll on twitter or @edwardwill1 on telegram.
