This Week in Avalanche, November 29, 2021
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This Week in Avalanche, November 29, 2021
Avalanche Major News
Apricot Phase Five was announced to release this week
The update will bring P<>C atomic transfers and c-chain fee algorithm optimizations
Moralis announced to launch a $350k hackathon for developing Avalanche dapps using Moralis
Avalanche reaches 1 million total wallets
Stats
61.17 staking ratio (242M) - down 0.03% from last week
~9.86% current staking reward per year
1184 Validators - up 10 from last week
Avalanche became a top 3 chain in total value locked in DeFi
C-chain reached 1 million unique wallets
Ecosystem
Gelato, a trustless DeFi automation tooling, launched on Avalanche
BENQI (QI) got listed on Crypto.com
Sherpa Cash integrated TSD (Teddy Stable) for transacting on their dapp
Shopping.io announced a 50% discount on any purchase with AVAX on their platform on November 30
AVME shared the reasons to switch from MetaMask to their wallet
Avvy domains, “ENS for Avalanche”, shared their development roadmap
Looking for new projects? Check out Avalaunch for upcoming IDO’s and token sales.
Partnerships
DeFi
Pangolin V2 went live, offering improved farm rewards
Platypus, a novel stable swap protocol, launched their alpha dapp (limited to $10M TVL)
Avaware shared their updated roadmap and 2.0 tokenomics
SnowDogDAO rugged after achieving ~$50M in treasury funds (note that they claim incompetence instead of a rug, but in our opinion it was undeniably a rug)
Lydia Finance announced an IFO (initial farming offering) for the token of upcoming yield farm AvaOne
Yield Yak launched a new tool that distributes protocol's revenues to users
BooFinance (BOOFI), an upcomin yield farm, will be given as stake rewards on Penguin Finance
Defrost finance, a stablecoin protocol for illiquid assets, detailed their upcoming launch
Trader Joe started involving their community for deciding on farming rewards
Microchain Finance, a yield farm investing protocol, launched on Avalanche
Trader Joe adds $CRAFT and $MELT double rewards
Pangolin lists the $ARGON token
Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.
Games & NFTs
Avalanche Homes launched and sold out
Chikn launched NFT staking
Canary Dex also launched NFT staking for Boogey Birds
Hatchy Pocket shared a developemt update / trailer
Imperium Empires - Space game
Particle - Fine art collection
Dragons’s Virtual Hoard - Handcrafted RPG content NFTs
Stuff for Devs
Yield Yak began a bug bounty program
Many job postings are being posted on Avax Build Guild Discord Channel
Moralis announced to launch a $350k hackathon for developing Avalanche dapps using Moralis
MetaAlliance also announced to launch a hackathon called metathon
AvalancheGo v.1.7.0 went live
Ava Labs is hiring for 13+ roles
Ava Labs engineer published a Twitter thread on Apricot Phase 5
Podcasts, Inteviews & Misc
Audio & Video
Avalanche x Andretti Formula E Partnership - Lisbon Avalanche House chat
Intro to Platypus, by CederNet
How to Get Started on Avalanche, by CederNet
Articles
Avalanche Crypto Tops Shiba Inu Value After Deloitte Deal - Bloomberg article
Crypto Talk: John Wu, President of Ava Labs - Voyager article
Newsletters
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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 on Twitter: @WeekInAvalanche