This Week in Avalanche, June 18, 2021

Avalanche Major News

• Avalanche new roadmap got released with the promises of

  • a new cross-chain bridge based on a novel bridge technology that will reduce the fees significantly and potentially bridge even non-EVM chains,

  • many overhauls to the web wallet that will simplify the user experience,

  • exclusive web-extension wallet,

  • dynamic fees for x-chain and c-chain, and

  • a lot more

• PNG got listed on Gate.io, becoming the second native Avalanche token that got listed on a centralized exchange

• Gate.io and KuCoin became the first centralized exchanges to integrate Avalanche c-chain

• Okcoin became the first U.S. exchange to offer AVAX staking

Stats

• 55.90 staking ratio (215,570,295) – ↑ 0.02% from last week

• ~10.38% current staking reward per year

• 977 Validators – ↑ 4 from last week

Ecosystem

• Avalaunch partnered with KuCoin

• Baguette Exchange partnered with Yield Yak

• Ava Labs partnered with UG Ventures

• Snowball partnered with Penguin Finance

• YieldYak integrated markr.io to their website

• AVME integrated Yield Yak to their desktop wallet

• Penguin Finance launched their auto-compounding platform

• Lydia Finance relased their yield optimizer called Maximus

• Bware Labs released a minimal/core version of their product, which allows anyone with Metamask to generate endpoints for interacting with Avalanche

• MathWallet integrated Avalanche to their mobile wallet and web browser extension, offering an alternative to MetaMask

• Kuu, a new communal liquidity protocol, announced that they will launch on Avalanche

• Everest DAO, a new project that aims to bring decentralized voting mechanisms and unified governance, announced that they will also launch on Avalanche

• Verso token (VSO) became the first Avalanche token that can be staked in DCTDAO Yield Farming Program

• HurricaneSwap raised over $1 million from investment firms LD Capital and AVATAR

• Trader Joe, a new DEX, gets ready for their launch

• Yield Yak started autocompounding CNR, AVME, and CYCLE pools

• Snowball started autocompounding SPORE pools, as Pangolin had started rewarding SPORE-PNG and SPORE-AVAX pairs

• Penguin Finance audit report got listed on certik.org

• BENQI is getting ready for their launch

• Avaware described their role as an initial funding platform for new projects

• Avaware version 2 got released, which offers a brand-new front end

• Birdy Finance developers abandoned their project and the community

• Avaxino, a former gambling dapp, pulled the plug on their website and social media accounts and disappeared

• Ropepull offers gamblers on Avalanche a new way to lose their coins (!)

NFTs

• Venly NFT Market integrated Avalanche

• Hatchy Pocket NFT collection got released

Airdrops & Giveaways

• Pangolin giving away PNG tokens to translators

• AVAPAD started giving away their APAD tokens

• AvaxCells will airdrop CELX tokens to their NFT holders

• KuCoin giving away $500 in celebration of XAVA listing

Stuff for Devs

• Ava Labs Weekly Engineering Update got released on Wednesday, which covers

  • Coinbase Rosetta API implementation for Avalanche C-Chain,

  • dynamic balance updates on the web wallet,

  • AvalancheGo update,

  • updated docs for subnets, and

  • much more

Podcasts, Inteviews & Misc

• Pangolin held an AMA on June 16, 2021

• Coinmonks reviewed Avalanche in a recent blog post

• John Wu will participate on an Open DeFi panel today

• HurricaneSwap will hold an AMA today

• Collin Cusce went through last week’s This Week in Avalanche on his weekly video stream

• Avalanche Today interviewed Elk founder

• Yahoo Finance reviewed Avalanche

• Fortnightly Pangolin newsletter got released on June 8, 2021

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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 or @BestCoderNA on telegram.

Special thanks to everyone who helped curate content:
Efe (efe.kim) @DefiAvax @demirelo @CryptoNdw @BestCoderNA