This Week in Avalanche, November 8, 2021
Avalanche Major News
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Avalanche Foundation launched Blizzard, a new ecosystem fund worth over $200M
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SnowTrace, a fork of Etherscan for Avalanche, went live
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Nexo, a crypto lender, integrated AVAX, offering instant swaps and tax-efficient AVAX-backed credit lines
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Oh! Finance, a yield optimizer, launched on Avalanche
Stats
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62.31 staking ratio (224M) – up 4.73% from last week
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~10.07% current staking reward per year
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1137 Validators – up 61 from last week
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AVAX broke ATH
Ecosystem
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A Uniswap v3 fork was launched on Avalanche
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Chrtr.io, a new charting & trade-tracking tool, was launched
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Gecko Terminal, another charting tool, was launched
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CookieTracker, a portfolio tracking app, was launched
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UniDexBot, a private limit order tool, integrated Avalanche
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xPower, a new c-chain token distributed through proof-of-work, was launched
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Although it was initially only mineable through browser, community made a CPU miner
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Crabada, an upcoming play-to-earn game, will distribute its tokens through an Avalaunch IDO
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Polychain and Three Arrows are backing Avalanche’s $200 million-plus fund
Looking for new projects? Check out Avalaunch for upcoming IDO’s and token sales.
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DeFi
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Blizz, a lending protocol, will launch on Avalanche
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Snowball’ StableVault is being spun off into a separate project called Axial
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Oh! Finance, a yield chasing protocol, went live
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Colony, an Avalanche ecosystem accelarator, committed $500k TVL to Oh! Finance
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Vee Finance will have an IDO on Cobak, top crypto community in Korea
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Lydia Finance will host Maximus IFO
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Everest DAO and Penguin have partnered to give EVRT staking rewards to iPEFI holders
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Vee Finance compensation pool went live
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Snowbank, a new decentralized reserve currency, was launched
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Trader Joe’s new governance panel, Cultivation Club, went live
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Snowball started a new weekly event in which they will discuss the latest updates at Snowball and answer any questions from the community
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New & upcoming farms: Honey Farm, KingDeFi
Games & NFTs
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Crabada, a play-to-earn NFT game, will launch on Avalanche
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Kalao & Husky launched Sneazzy LP, the first musical NFT on Avalanche
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New & upcoming NFTs: Chained Vampires, Boogey Birds, Bored Giraffe Academy
Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.
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Developers need to re-verify their contracts on Snowtrace.io
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Automata Network is launching a $20M incentive program
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Moralis Web3 continues to release tutorials on building dapps on Avalanche
Podcasts, Inteviews & Misc
Audio & Video
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Intro to Penguin Finance, by CederNet
Articles
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Twitter thread on DeFi 2.0, by Pangolin COO Leo
Newsletters
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
