This Week in Avalanche

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This Week in Avalanche, August 20, 2021
www.weekinavalanche.com

This Week in Avalanche, August 20, 2021

This Week In Avalanche
Aug 21, 2021
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This Week in Avalanche, August 20, 2021
www.weekinavalanche.com

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Avalanche Major News

  • Avalanche Foundation announced $180m DeFi incentive program dubbed Avalanche Rush, which will be used to incentivize providing liquidity for Aave and Curve

  • BENQI, the first lending protocol on Avalanche, launches and reaches 800M TVL

  • Avalaunch, a premier launchpad on Avalanche, announces its first IDO with YAY Games

Stats

  • 56.72 staking ratio (219,709,514) - down 0.96% from last week

  • ~10.30% current staking reward per year

  • 1037 Validators - up 8 from last week

  • +150k daily transactions

  • Over $6B volume has been traded on Pangolin

  • Around $1.5B has been locked on Avalanche DeFi protocols

Ecosystem

  • Avalanche announced partnership with RugDoc, which will bring community audits to Avalanche DeFi projects

  • YAY Games, a decentralized gaming marketplace, will be the first IDO on Avalaunch

  • 0xtracker.app, which is a cross-chain portfolio tracker, added YieldYak

  • Three Arrows Capital added AVAX to their portfolio

  • BENQI got listed on Kucoin exchange

  • Lydia Finance will get listed on BitMart Exchange

  • AVME announced to launch a mobile version of their wallet

  • Avaware announced their new project Tip.Blue, which will allow people to send tips on Twitter & Discord using Avalanche tokens

  • Argon, a blockchain-based freelancer platform, might integrate Avalanche

  • Colony, an upcoming “ecosystem accelerator”, shared their goals

DeFi

  • Most AMMs and yield aggregators have migrated their liquidity to the new bridge tokens

    • If you hold any liquidity pairs of the old bridge tokens, migrate them to not miss out any rewards

    • Pay attention to not pick old bridge tokens when swapping because they might not have the correct market price

  • BENQI, first lending protocol on Avalanche, launched and already secured shy of one billion dollars of liquidity

    • Details of the mining incentives

    • Token sale distribution

  • KUU, the new liquidity protocol by Rome Blockchain Labs, went live and secured more than $1mil liquidity

  • Pangolin adds rewards pools for QI, WALBT, and DYP tokens

  • Weble launched a BSC bridge for their WET token

  • Snowball launched the first yeild optimizer for QI

  • Snowball launched their new stablevault which holds 4 different stablecoins

  • Snowball has started boosting SNOB rewards by 1.5x which will last for two weeks

  • Penguin Finance announced that VSO will be the first token to be rewarded on their xPEFI staking protocol Club Penguin

  • Elknet and ElkDex launched

  • Pangolin reaches a record 5B total volume and 400M+ TVL

Games & NFTs

  • Snowflake Marketplace shared a sneak peek of their new UI

  • Hatchy Pocket announced to release 3D-printable versions of their monster NFTs

  • PixelPress, an upcoming on-chain pixel art NFT drawing and minting dapp, shared their current progress

Partnerships

  • Avalanche X Kuu

  • Avalanche X RugDoc

  • Pangolin X Snowball

  • Pangolin X BENQI

Airdrops & Giveaways

  • HuskyAVAX NFT giveaway in celebration of new ATH

  • HuskyAvax AVA hat giveaway

Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.

Stuff for Devs

  • BENQI launched a bug bounty program on Immunefi

  • Open Defi Hackathon is offering $30k in bounties

  • $50k Developer Tutorial Contest is still ongoing

  • AvalancheJS v3.8.5 went live

  • Avash v1.1.10 went live

  • AvalancheGo v1.5.0, which enables dynamic fees on c-chain, went live on Fuji testnet, and Mainnet activation code has been released

  • Avme.io will have bug bounty for the upcoming version of their wallet

Podcasts, Inteviews & Misc

  • Subnet Podcast feat. Avalanche Bridge developer Michael Kaplan

  • CederNet Podcast feat. Rome Blockchain Labs of BENQI, KUU, Velox, Opulentia, Rome Terminal and RomeNet

  • Avalanche ecosystem article by Freedom

  • Avalanche ecosystem Twitter thread by @AviFelman

  • Avalanche ecosystem Twitter thread by @CryptoSeq

  • AvalancheRush overview Twitter thread by @el33th4xor

  • AvalancheRush overview Twitter thread by @John1wu

  • Orientation to Avalanche Twitter thread by @darrenlautf

  • Investing to Avalanche Twitter thread by @rogerclu

  • Elk Finance & Sherpa Cash AMA Recap

  • Avalanche Market Update and Avalanche Rally Continues videos by Benjamin Cowen

  • Elk Weekly Recap — #5

  • Pangolin Newsletter #11 - August 17

  • $180m liquidity incentive coverage by Defiant

  • Other Avalanche news coverages

  • Verso Finance product update

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

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

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This Week in Avalanche, August 20, 2021
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