Avalanche Weekly Recap Week 44 (27/10 – 2/11)
This week there is information about important partnerships and there are some integration announcements of projects in this ecosystem. Here is our weekly recap.
- Avalanche gas usage reaches ATH
- Yeti Finance announces New Borrowing Model and GLP
- Partnership Announcement: Atomic Green X Kyber Network
- Beefy now supports the Kava network
- Kyber Network integrates with Multichain cross-chain router
Avalanche gas usage remains high. NFT projects do not have any outstanding information, but DeFi projects have important collaborations especially in the integration of new products, don’t miss it.
Avalanche gas usage reaches ATH
This week, the indicators of active users and transactions count have not changed, but gas used is still at a high level and mainly comes from the DFK chain. And last week Daily Gas Usage once again created ATH.
Yeti Finance announces New Borrowing Model and GLP
The new borrowing model consists of significantly lowered one-time fees, and variable interest rates for different assets:
- GLP capacity set at $500K
- One-time fees significantly lowered, 0.5% interest rate for first month
- Old borrowers receive up to 75% rebate on any interest paid in November
Partnership Announcement: Atomic Green X Kyber Network
Atomic Green integrates with Kyberswap to perform swaps once traders’ position is opened/closed.
With this important integration, Atomic Green will be able to mitigate the price impact and erase the limits for trading, thus opening the gates of Atomic Green to dolphins and whales, who are used to perform higher stake orders.
Beefy now supports the Kava network
Kava is a fast, secure Layer-1 blockchain with a unique co-chain architecture.
Kava is currently home to some of the most recognized names in DeFi: Curve and SushiSwap, and now, Beefy. Beefy has launched the Curve 3pool Vault (USDC/USDT/DAI) and also has a range of SushiSwap Vaults to stake in.
There are currently five SushiSwap farms available:
USDC-KAVA LP Vault
SUSHI-KAVA LP Vault
WBTC-ETH LP Vault
ETH-KAVA LP Vault
USDT-KAVA LP Vault
And one Curve farm available to stake in: DAI/USDC/USDT Vault
Read more details here.
Kyber Network integrates with Multichain cross-chain router
KyberSwap users gain direct access to Multichain bridges with a front-end API. Investors no longer require jumping multiple platforms for conducting cross-chain swaps.
With Multichain, KyberSwap will now offer deeper liquidity than ever before. Therefore, users will now enjoy a smooth trading experience, lesser slippage, and one-click access to the Multichain bridge network, which spans several networks and hundreds of tokens.
Additional Notable Events
- Thor Financial announces Bifrost update 2.2
- Struct Finance announces their protocol integration with Vector
- Symbiosis has integrated Kucoin Wallet Extension
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