This Week in Avalanche, May 28 2021

Avalanche Major News

• Marginswap launched their money market on Avalanche

• Curate will enable AVAX payment option

• Mexico’s Chivas will auction NFTs on Avalanche

Stats

• 66.22 staking ratio (254,233,337) – ↓ 11.9% from last week

• ~10.50% current staking reward per year

• 984 Validators – ↑ 0 from last week

• Over 100,000 AVAX have been burned from transaction fees

Ecosystem

• Sherpa Cash had over 2000 contributions in the public trusted ceremony and became the largest trusted ceremony ever

• MarginSwap launched its decentralized money market on Avalanche, which enables spot and cross margin trading for AVAX

  • Liquidity providers on Pangolin can now farm more PNG by borrowing assets on MarginSwap

• Curate, a marketplace for minting NFTs and trading variety of physical and digital goods, will integrate with Avalanche

• Verso, the first and only decentralized micro-finance project on Avalanche, partnered with Wallet Engine

  • “Wallet Engine powers embedded wallets withing various apps, such as gaming, streaming, travel and many more”

• BENQI partnered with Halborn to optimize the security of their protocol

• Avaware, a group of developers “excited to bring cutting edge application into the Avalanche network”, launched their token AVE on Pangolin Exchange

• Avaware also announced their first decentralized game Avador Empire

• PNG-VSO and AVAX-VSO liquidity pools started receiving PNG rewards

  • Snowball and YieldYak started auto-compounding these pools

• Osiris made changes to their token contract, which should fix the issues that were in the presale

• Vfat, a third-party web interface for interacting with smart contracts, now supports 13 different projects on Avalanche network

NFTs

• Husky launched the first NFT-collateralized merchandise on Avalanche network

• Chivas, Mexico’s most popular soccer club, will auction unpublished curated material as NFTs on Avalanche network in celebration of their 115th anniversary

• Toppslaunched Bazooka Joe NFT collection

• CryptoDappers lauched their marketplace

Airdrops & Giveaways

• Sherpa Cash giveaway to random 1000 contributors

• Lydia Finance lottery

• Hurricane Swap giveaway

• Canary Exchange giveaway

• Avaxino giveaway

• Avaware giveaway

• Elk Finance SNOB, ELK, and AVAX giveaway

• Verso trading competition on Gate.io

Stuff for Devs

• AvalancheJS v3.5.0, which enables listening transactions for a given address in real-time, went live

• AvalancheGo v1.4.5 also went live

• NFTrade set up a subgraph for querying NFT-related data on c-chain

Podcasts, Inteviews & Misc

• Lee A. Schneider joined Ava Labs as a General Counsel

• Elk Financewill host an interview with Snowball today

• Ava Labs President John Wuspoke to Fortune Magazine regarding proof of stake alternatives

• Benjamin Cowen uploaded a video guide for staking/delegating AVAX tokens

• CederNet hosted an interview with Avalaunch

• Ava Labs Vice President of Marketing Jay Kurahashi-Sofue discussed what are needed to grow DeFi brands

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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)