A market-wide drop occurred last week, and Avalanche Ecosystem was one of the casualties, falling from $145 to $100.57 (30.53%) and ending the week at $110.42. This has an effect on the value of grafted Avalanche ecological projects. Apart from that, there are still some noteworthy events ongoing; kindly remain updated with Coincu.
Moralis and Avalanche are inviting the tech community to participate in the Moralis Avalanche Winter 2021 Hackathon! Developers will use Moralis’ Web3 programming platform to create powerful Avalanche-based dApps, DeFi projects, and Web3 apps during this hackathon. Contestants will have the opportunity to compete for a slew of prizes totaling at least $350,000 at the time of writing.
Gelato is now accessible for Avalanche developers and users of all levels. Avalanche developers use Gelato Network for bridging and trading. So, if you’re not already on AVAX, go to xpollinate to connect. Sorbet Finance Trader Joe Limit Order And swoooosh, you used fantastic Gelato-powered features. Gelato Network’s battle-tested smart contract automation architecture is powering various chains and EVM applications. Using Gelato, dapp developers may automate simple DevOps chores like automatically distributing incentives to more complex automated features like liquidity management or limit orders for AMMs. The final remaining element of the Web3 stack, Gelato has deployed to Avalanche, with activity quickly building up. Connext recently integrated Gelato’s Multichain Relayer API, which provides transaction speed and reliability from Avalanche to beyond.
SoftBank, ZMT Capital, and Binance are all supporters of the O3 wallet and swap protocol. With the Swap protocol, most major networks can do cross-chain swaps. In addition, it enables safe trading with no limitations and low fees across many prominent DEXs. So O3 users can utilize Defi across chains and gain O3 token incentives. It also makes bridging and collaborating with other chains a breeze. This could allow Avalanche users to work permissionlessly across chains. Users can join a USDC cross-chain pool and mine several O3 vaults. With these pools, avalanche users may find more yield throughout chains. Avalanche is now available on all Ethereum L2s and L1s in one application.
YetiSwap is a decentralized exchange (DEX) and NFT Marketplace that runs on Avalanche, featuring a native governance token called YTS that is fully community distributed and is capable of trading all tokens issued on Ethereum and Avalanche.
An Igloo (PEFI-YTS) with YTS + PEFI rewards will soon be available on Penguin Finance, encouraging PEFI liquidity on the YetiSwap market. If there is enough liquidity for PEFI on YetiSwap, it will be available to buy on the Penguin app. A new YetiSwap feature called “NFT Staking” allows Penguin Collectibles (like your Penguin Astronaut or Ghoul NFT) to earn interest and YTS prizes.
Our productive cultivators have been working the land, nurturing a thriving crop of new CRA, GRO, and BLZZ farms. The club allocations so far have seen over $4 million in new liquidity brought to the platform, proving that our community does indeed have green fingers. New farms:
Developing a horse racing game
Developing a horse racing game where users can use VEE tokens to buy horses and participate in games to win high rewards. The game plan will be officially released and launched presently.
Integrating more major wallets
Wallets are a vital component of a public blockchain, providing an interface for users to interact and explore DApps. Vee.Finance will be integrating major wallets, which makes it very easy for more users to use the Vee.Finance products.
Mobile Vee.Finance will be available
The technical team is internally testing the mobile Vee.Finance, and Vee.Finance mobile will be available soon! By that time, users can now use the full features of the Vee.Finance through their mobile phones on the MetaMask App.
Deploying on more chain
As a DeFi cross-chain lending platform, we have already started to deploy more public chains.
Snowball is a brilliant protocol that uses the Avalanche network’s low fees and auto compounding. Compounding is the biggest force in the universe, and this technology makes it much easier to compound your ORB. Orbs is an enterprise blockchain technology aimed to add a layer to cheaper L2 solutions. This means vaults could work across chains, protocols, and even other vaults. Orbs believe DeFi is the future of crypto. They’re adding an analysis layer to existing DeFi platforms and protocols.
The Penguin Launchpad has been a user-favorite ever since its release. With no KYC and plenty of benefits, we’re bringing it back with many new features, revamped staking mechanisms, and a brand-new UI!
The Club Penguin dApp is intended to add value to iPEFI beyond the current APYs and launchpad allocation. The Avalanche ecosystem rewards Penguins for staking iPEFI. Stake-ception is a single-asset iPEFI staking mechanism. To get BOOFI incentives, users must stake iPEFI inside the BOOFI Iceberg. The Iceberg will be live in the Club Penguin dApp for 4 days to secure yields. We’ll also promote BooFinance so people can get involved.
Lydia Finance will now host the $AVAO Initial Farm Offering (IFO). This IFO is vital for AvaOne Finance as it allows for safe and transparent funding for all parties involved while also providing chances for Avalanche community investors.
Bold Point is a fun and competitive NFT-based role-playing game created completely in the Avalanche environment. The game allows you to level up your character by fighting other players or the artificial AI (PvE). Playing against other players might potentially earn extra bitcoin (Gold PvP). Bold Point wants to tear down barriers to entry for blockchain gaming.
Many Avalanche users have had the challenge of finding a wallet that meets the required security standards. Metamask is a popular Ethereum wallet that has been criticized for its speed and lack of features.
AVME is a blockchain-based security project that strives to offer superior solutions. AVME’s core product is the first desktop wallet for Avalanche.
Islander Testnet has been launched on the Avalanche network. Entry is now open for participants to be included in the upcoming airdrop. 10,000,000 $ISA will be distributed equally among participants!
Last week, the crypto market was chaotic, but at the total of November, the Avalanche ecosystem and the $AVAX value both had big breakouts. A number of new features have been implemented. In addition to that, the games’ visuals are stunning.
Hopefully, the Avalanche’s top nft games and superb Dapp Defi are sure to return in December.
If you have any questions, suggestions, or ideas about the projects, please email ventures@coincu.com
DISCLAIMER: The Information on this website is provided as general market commentary, and does not constitute investment advice. We encourage you to do your own research before investing.
Harry
Coincu Venture
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