This Week in Avalanche, May 21 2021
Avalanche Major News
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Government of Quintana Roo will use Avalanche to certify Covid-19 test results
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CryptoRefills integrated Avalanche, which will enable purchasing of real-world goods with AVAX
Staking (P-Chain)
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78.11 staking ratio (299,403,479) – ↓ 0.4% from last week
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~10.54% current staking reward per year
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984 Validators – ↑ 19 from last week
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Asset Layer (X-Chain) and DApp Layer (C-Chain)
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BENQI will use Chainlink price feeds on their lending and borrowing platform
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Zero Exchange will use Chainlink for its randomness function on their upcoming launchpad Zero Gravity
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Penguin Finance launched PEFI-LINK pool
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Ava Labs featured Snowball as one of the earliest Dapp on Avalanche
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Elk Finance will launch on Fantom and will airdrop $ELK to their Moose NFT holders on Avalanche network
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Zero Exchange launched Polygon (MATIC) bridge
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Over $100k $LYD which was colleced from fees was burned
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Snowball launched $SNOB staking which also enables new features such as voting on $SNOB allocation directly
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Sherpa Cash, first privacy coin on Avalanche, began their ZK-SNARKS ceremony
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The ceremony is essential for setting up public parameters of the token
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Anyone in the public will be able to join the ceremony to ensure its integrity
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Liquidity providers of VSO token on Pangolin will begin PNG rewards
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Verso Finance announced a competition in which you can earn 100% APY by staking VSO on Gate.io
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Spore Finance will launch their own NFT collection
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CryptoDappers launched on Avalanche and 80% of the NFTs from the collection were claimed within 48 hours
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Avalaunch will enable liquidity farming and staking for their native token
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Following HUSKY, many other meme coins, such as RUGPULL, diamondtoken.world, Lucky Cat (NEKO), AKBASH, KEBAB, and safeEmin, launched on Pangolin
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Baguette will give away 5 million SHIBX
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Pangolin had its highest volume of over $50 million/day during the cryptocurrency market crash
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While many centralized exchanges were struggling with the high volume due to crash, Pangolin had no issues
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Treasure proposal for Pangolin was submitted
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Canary Exchange, an upcoming DEX on Avalanche, started running on FUJI testnet
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Beefy Finance began autocompounding pools on Gondola
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Avalanche became the #3 blockchain in terms of the total daily fees spent on the network
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Paraswap, a DEX aggregator, might launch on Avalanche
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Unifty.io launched NFT farming on Avalanche
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@cureateproject is integrating with Avalanche, a new eCommerce platform
Stuff for Devs
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AvalancheGo v1.4.4 went live
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Connor Daly shared his knowledge on the components which are needed for developing a Dapp
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Ava Labs will shut down their graph-node as The Graph provides their own node
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Weekly Ava Labs Engineering Update covered database migration and graph-node depreciation
Ecosystem
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Permissionless Software Foundationreleased a terminal (text-based) Avax wallet
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Ava Labs updated the official web wallet
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Avascan published rich list where you can see the top holders of AVAX on x-chain and c-chain
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Avalanche Twitter reached 100k followers
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Buying coffee with AVAX became a reality
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Penguin Finance continues their campaign for donating to India Covid relief
Podcasts, Inteviews & Misc
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John Wu talked about Avalanche and environment on Bloomberg Radio
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Members from multiple blockchain projects talked about making DeFi mainstream
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Avax Podcast had Mark Stanwyck from Avalaunch in their latest podcast
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Marketing leaders of Ava Labs, Skynet Labs, and Kadena discussed marketing trends in blockchain
Upcoming Dates
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 / @Best_Coder_NA on twitter or @BestCoderNA on telegram.
Special thanks to everyone who helped curate content:
@DefiAvax@demirelo@CryptoNdw Shung (efe.kim)
