This Week in Avalanche, May 21 2021
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This Week in Avalanche, May 21 2021
Avalanche Major News
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)
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
Baguette will give away 5 million SHIBX
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
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)