This Week in Avalanche

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This Week in Avalanche, May 21 2021
www.weekinavalanche.com

This Week in Avalanche, May 21 2021

This Week In Avalanche
May 21, 2021
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This Week in Avalanche, May 21 2021
www.weekinavalanche.com

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)

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This Week in Avalanche, May 21 2021
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