This Week in Avalanche, September 19, 2021
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Avalanche Major News
Polychain Capital and Three Arrows Capital lead $230M investment in Avalanche
Avalanche will have a major upgrade which will further reduce c-chain fees and significantly reduce the contention in the consensus engine
Kalao partnered with Avalanche to bring virtual reality enabled NFT ecosystem
Kyber Network, a DeFi liquidity app, joined Avalanche Rush program with $5M allocation
Stats
57.99 staking ratio (227M) - down 0.80% from last week
~10.07% current staking reward per year
1048 Validators - up 20 from last week
Ecosystem
TrustWallet added support for Avalanche c-chain
Dex.guru, an advanced charting tool, integrated Avalanche
Avalaunch opened registrations for the Kalao IDO
Avalaunch made changes to its platform based on the feedback they got on their first IDO
Avalanche Foundation asked for Aave community's support for the deployment of the protocol on Avalance
LATOKEN exchange announced that they will list Avalanche (AVAX)
Bitmart Exchange announced that they will list Lydia Finance (LYD)
AVME announced to launch a browser plugin that allows interacting with Web3 using the AVME wallet
Looking for new projects? Check out Avalaunch for upcoming IDO’s and token sales.
DeFi
Alpha Finance announced to launch their leveraged yield farming protocol Alpha Homora v2 on Avalanche C-chain
Vee Finance, latest lending protocol on Avalanche, launched and secured $300M liquidity
Trader Joe announced to launch their lending platform Banker Joe on October 4
Yield Yak launched a single-sided QI farm
Penguin Finance lanuched the first SushiSwap yield farm on Avalanche
Penguin Finance also launched many more pools
Maximizer, a "no-selling" autocompounder, launched on Avalanche (Warning: They have fraudulent partnership claims)
Snowball reached $100M TVL
Yield Yak released the Mini Yak token
Sherpa Cash app launched
Tornado Cash proposed to deploy on Avalanche
Avacash.finance, another Tornado fork, launched on Avalanche
Teddy Cash explains how its TSD stablecoin stays stable
New Yield Farms
The Dragon's Lair - $6M TVL
Arctic Finance - $1M TVL
Onyx Farm - $32K TVL
Avaeagle - $26K TVL
AvaMax - $11K TVL
Eskimo Farm - $5K TVL
DYOR before aping! A recent yield farm "Crypto Yield Focus" abandoned project.
Games & NFTs
YAY Games shared the litepaper of their upcoming game NFT game Bold Point
Husky launched their 3D NFT collection and sold out all of the 5,000 NFTs
NovaX shared the features they are working on for their space NFT game
YetiSwap launched their marketplace and a mini NFT collection along with that
Frost Finance shared a teaser of their upcoming NFT game
CryptoSeals shared their work on combining HatchyPockets with their seals
New NFT Projects
Partnerships
Airdrops
Interested in the projects mentioned above? You can use Coin98 Mobile Wallet to trade the native tokens of these projects.
Stuff for Devs
Apricot Phase 4, which includes Snowman++, is scheduled for September 22
Snowman++ was activated on Fuji Testnet
Winners for the Avalanche Developer Contest have been announced
Ava Labs engineer Connor Daly described how Avalanche Bridge achieves to be cheap and secure
Emin Gün Sirer and Gabriel Cardona will be judges on Chainlink fall hackathon
Podcasts, Inteviews & Misc
Upcoming
Emin Gün Sirer will speak on Mainnet 2021
Gabriel Cardona will be a feature speaker at WYO Hackathon
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
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