This Week in Avalanche, Apr 16 2021
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Avalanche Major News
BoringDAO is expanding to Avalanche to build a community-driven, decentralized multi-chain bridge to further connect Avalanche to complementary ecosystems.
The TrustSwap Incubator Program was announced and will go live on April 25th. The service will aim to offer a complete and full-service digital ecosystem that solves significant implementation challenges within the crypto industry.
BENQI ran a public token sale and it sold out in minutes. They also announced funding from a range of institutional investors including Ava Labs.
Staking (P-Chain)
AvalancheGo v1.3.2 released. This update is optional, but encouraged. The patch includes security improvements, bug fixes, and monitoring improvements.
77.90% staking ratio (298,189,938 AVAX) - ↑ 0.5% from last week
~10.57% current staking reward per year
918 Validators - ↑ 2 from last week
Asset Layer (X-Chain) and DApp Layer (C-Chain)
Avvy Domain Names launched on main-net. You can currently claim names with an equal or greater length than 10 characters.
Snowball released an NFT Shop. They’re giving away free NFTs to pervious participants in their governance.
AnySwap now support Avalanche C-Chain for cross-chain swaps however liquidity is quite low right now.
Crypto Runes, an NFT project is live on the C-Chain.
Sex Finance launched but there have been some accusations from community members that the project is a scam from the founder of PandaSwap who apparently also runs CheetahSwap.
Nexus Cards, a a gamified NFT card battler series, launched on the C-Chain.
Stats:
3,372 assets issued on the X & C Chains
58,660 total AVAX burned 🔥 - ↑ 2,891 from last week
Stuff for Devs
There are some new tutorials on the Figment Learn Pathway. As a reminder you can earn $500 in AVAX by creating your own tutorials on Figment Learn.
Cognizance are currently running a workshop. Avalanche 101: Building on the Internet of Finance. The workshop runs 15 - 18 April.
OneMillionWallets - Covalent Avalanche Speaker Series: Building on Blockchain. Featuring Connor Daly.
Gabriel Cardona and Nicholas Mussallem spoke at the Google Developer Student Club PoliMi of Milan.
Avash v1.0.6 released
Ecosystem
Encode announced their Avalanche Club participants. 10 participating teams will take part in a 10-week pre-accelerator with the opportunity for follow on funding.
Avalaunch listened to their community and will be natively launching their smart contracts and token exclusively on Avalanche and Pangolin.
Popular French streamer Corobizar has started to utilise NFTs (on Avalanche) to engage with his community. The NFTs can be earned by watching streams as well as purchased for crypto.
FAI protocol launched and then quickly rug pulled their investors. Be extremely careful putting money in early projects with anon founders. Always DYOR.
Lydia Finance released details about their upcoming DeFi platform.
Integrated: What’s Next for Automated Market Makers. An upcoming clubhouse discussion featuring Kevin Sekniqi and other leaders in the DEX space. Taking place on Wednesday 21st at 9am ET.
Podcasts, Interviews & Misc
Keep up to date with Avascan via their blog.
CederNet has been releasing videos about how to interact with many Avalanche based projects.
Wolf of All Streets Podcast: Unlocking $700 Trillion to Crypto. Featuring John Wu from Ava Labs.
Upcoming Dates
Wednesdays (ongoing): Ava Labs Developer Services Office Hours, 2pm–5pm EST - hosted on Discord
Apr 6 - 19: Covalent 1 Million Wallets hackathon
Apr 21: Integrated: What’s Next for Automated Market Makers. Clubhouse Discussion.
June 7: Crowdsale AVAX tokens unlock
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 / @EdwardWilll on twitter or @edwardwill1 on telegram.
Snowball NFTs :)