This Week in Avalanche, November 29, 2021
Avalanche Major News
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Apricot Phase Five was announced to release this week
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The update will bring P<>C atomic transfers and c-chain fee algorithm optimizations
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Moralis announced to launch a $350k hackathon for developing Avalanche dapps using Moralis
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Avalanche reaches 1 million total wallets
Stats
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61.17 staking ratio (242M) – down 0.03% from last week
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~9.86% current staking reward per year
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1184 Validators – up 10 from last week
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Avalanche became a top 3 chain in total value locked in DeFi
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C-chain reached 1 million unique wallets
Ecosystem
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Gelato, a trustless DeFi automation tooling, launched on Avalanche
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BENQI (QI) got listed on Crypto.com
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Sherpa Cash integrated TSD (Teddy Stable) for transacting on their dapp
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Shopping.io announced a 50% discount on any purchase with AVAX on their platform on November 30
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AVME shared the reasons to switch from MetaMask to their wallet
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Avvy domains, “ENS for Avalanche”, shared their development roadmap
Looking for new projects? Check out Avalaunch for upcoming IDO’s and token sales.
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DeFi
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Pangolin V2 went live, offering improved farm rewards
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Platypus, a novel stable swap protocol, launched their alpha dapp (limited to $10M TVL)
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Avaware shared their updated roadmap and 2.0 tokenomics
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SnowDogDAO rugged after achieving ~$50M in treasury funds (note that they claim incompetence instead of a rug, but in our opinion it was undeniably a rug)
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Lydia Finance announced an IFO (initial farming offering) for the token of upcoming yield farm AvaOne
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Yield Yak launched a new tool that distributes protocol’s revenues to users
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BooFinance (BOOFI), an upcomin yield farm, will be given as stake rewards on Penguin Finance
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Defrost finance, a stablecoin protocol for illiquid assets, detailed their upcoming launch
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Trader Joe started involving their community for deciding on farming rewards
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Microchain Finance, a yield farm investing protocol, launched on Avalanche
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Trader Joe adds $CRAFT and $MELT double rewards
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Pangolin lists the $ARGON token
Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.
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Avalanche Homes launched and sold out
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Chikn launched NFT staking
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Canary Dex also launched NFT staking for Boogey Birds
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Hatchy Pocket shared a developemt update / trailer
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Imperium Empires – Space game
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Particle – Fine art collection
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Dragons’s Virtual Hoard – Handcrafted RPG content NFTs
Stuff for Devs
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Yield Yak began a bug bounty program
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Many job postings are being posted on Avax Build Guild Discord Channel
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Moralis announced to launch a $350k hackathon for developing Avalanche dapps using Moralis
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MetaAlliance also announced to launch a hackathon called metathon
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AvalancheGo v.1.7.0 went live
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Ava Labs is hiring for 13+ roles
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Ava Labs engineer published a Twitter thread on Apricot Phase 5
Podcasts, Inteviews & Misc
Audio & Video
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Avalanche x Andretti Formula E Partnership – Lisbon Avalanche House chat
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Intro to Platypus, by CederNet
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How to Get Started on Avalanche, by CederNet
Articles
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Avalanche Crypto Tops Shiba Inu Value After Deloitte Deal – Bloomberg article
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Crypto Talk: John Wu, President of Ava Labs – Voyager article
Newsletters
Upcoming
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 on Twitter: @WeekInAvalanche
