Avalanche Major News

• USDT will natively be on Avalanche

• Government of Quintana Roo will use Avalanche to certify Covid-19 test results

• CryptoRefills integrated Avalanche, which will enable purchasing of real-world goods with AVAX

Staking (P-Chain)

• Stats:

  • 78.11 staking ratio (299,403,479) - ↓ 0.4% from last week

  • ~10.54% current staking reward per year

  • 984 Validators - ↑ 19 from last week

Asset Layer (X-Chain) and DApp Layer (C-Chain)

• BENQI will use Chainlink price feeds on their lending and borrowing platform

• Zero Exchange will use Chainlink for its randomness function on their upcoming launchpad Zero Gravity

• Penguin Finance launched PEFI-LINK pool

• Ava Labs featured Snowball as one of the earliest Dapp on Avalanche

• Elk Finance will launch on Fantom and will airdrop $ELK to their Moose NFT holders on Avalanche network

• Zero Exchange launched Polygon (MATIC) bridge

• Over $100k $LYD which was colleced from fees was burned

• Snowball launched $SNOB staking which also enables new features such as voting on $SNOB allocation directly

• Sherpa Cash, first privacy coin on Avalanche, began their ZK-SNARKS ceremony

  • The ceremony is essential for setting up public parameters of the token

  • Anyone in the public will be able to join the ceremony to ensure its integrity

• Liquidity providers of VSO token on Pangolin will begin PNG rewards

• Verso Finance announced a competition in which you can earn 100% APY by staking VSO on Gate.io

• Spore Finance will launch their own NFT collection

• CryptoDappers launched on Avalanche and 80% of the NFTs from the collection were claimed within 48 hours

• Avalaunch will enable liquidity farming and staking for their native token

• Following HUSKY, many other meme coins, such as RUGPULL, diamondtoken.world, Lucky Cat (NEKO), AKBASH, KEBAB, and safeEmin, launched on Pangolin

• Olive enabled staking OLIVE for AKBASH, ZERO, and MKC

• Baguette will give away 5 million SHIBX

• Snowball will give away 10,000 SNOB to 100 people

• Pangolin had its highest volume of over $50 million/day during the cryptocurrency market crash

  • While many centralized exchanges were struggling with the high volume due to crash, Pangolin had no issues

• Treasure proposal for Pangolin was submitted

• Canary Exchange, an upcoming DEX on Avalanche, started running on FUJI testnet

• Beefy Finance began autocompounding pools on Gondola

• Avalanche became the #3 blockchain in terms of the total daily fees spent on the network

• Paraswap, a DEX aggregator, might launch on Avalanche

• Unifty.io launched NFT farming on Avalanche

• @cureateproject is integrating with Avalanche, a new eCommerce platform

Stuff for Devs

• AvalancheGo v1.4.4 went live

• Connor Daly shared his knowledge on the components which are needed for developing a Dapp

• Ava Labs will shut down their graph-node as The Graph provides their own node

• Weekly Ava Labs Engineering Update covered database migration and graph-node depreciation

Ecosystem

• Permissionless Software Foundationreleased a terminal (text-based) Avax wallet

• Ava Labs updated the official web wallet

• Avascan published rich list where you can see the top holders of AVAX on x-chain and c-chain

• Avalanche Twitter reached 100k followers

• Buying coffee with AVAX became a reality

• Penguin Finance continues their campaign for donating to India Covid relief

Podcasts, Inteviews & Misc

• John Wu talked about Avalanche and environment on Bloomberg Radio

• Members from multiple blockchain projects talked about making DeFi mainstream

• Avax Podcast had Mark Stanwyck from Avalaunch in their latest podcast

• Marketing leaders of Ava Labs, Skynet Labs, and Kadena discussed marketing trends in blockchain

Upcoming Dates

• Ava Labs will participate in the Concensus event

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 / @Best_Coder_NA on twitter or @BestCoderNA on telegram.

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