This Week in Avalanche, Apr 16 2021

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.

• New tutorial on how to backup and restore your node

• Stats:

  • 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.

• Docs for the Indexer API for avalanchego are out

• 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.

• Nifty gave us a preview of their upcoming NFT platform.

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

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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 / @EdwardWilll on twitter or @edwardwill1 on telegram.