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Snowball Weekly Newsletter — 03/03/2022

Several exciting events took place this week for the Snowball community! Read below for a quick overview and to hear about some upcoming events to watch out for.

It’s Our Birthday Today!

To celebrate our first birthday, we are having a giveaway of an exclusive birthday NFT, the winners of which will be announced today from participants in our original twitter thread.

We also had an incredible community call to reminisce about Snowball’s beginnings, how far we’ve come since then, and have a great time celebrating our birthday.

That said, happy birthday to all Snowballers! Cheers to another fantastic year!

New Auto-Compounding Strategies

Another week, another slew of new strategies for our users to partake in from our friends over at Trader Joe and Pangolin. All new strategies added range from awesome GameFi tokens to interesting new projects on Avalanche. Check out the full list of new strategies here:

  • AVAX - ACRE
  • AVAX - DEP
  • AVAX - BAVA
  • AVAX - FEED
  • AVAX - ODDZ
  • AVAX - ZEE
  • AVAX - FIRE
  • AVAX - FIEF
  • AVAX - BRIBE
  • UST - DLAUNCH

These new strategies can be found in our Compound & Earn page.

Upcoming EMDX AMA

On March 9th, we are hosting EMDX for a quick AMA on our Telegram channel. Be sure not to miss it at 5 PM UTC. We hope to see you there!

New DeFi University Content

This week we’ve added a course on Snowball’s DeFi University regarding liquid staking. With the upcoming launch of Lava, we want to make sure everyone understands its underlying concepts and what liquid staking can do for them. Check it out and we hope you learn something new!

Snowball Stats

  • $56,000+ of value harvested in our compounding strategies this week.
  • 59.52% of all SNOB tokens are being staked for xSNOB.
  • 1200+ members of the community are staking their SNOB.
  • On average, SNOB is being staked for 1.36 years!
  • This week 17,381 SNOB was distributed to xSNOB holders, alongside 1,086,492 AXIAL tokens. This makes up an APR of 46.35% per xSNOB.
  • 40.53% of all xSNOB holders have participated in governance.

Unsure why you should stake your SNOB? Check out our documentation here.

About Snowball

Snowball is a Venture DAO and an auto-compounder for liquidity rewards. It was the first auto-compounder launched on Avalanche and it prides itself on being entirely community run. If you’d like to be a part of Snowball, join the conversation in Discord or Telegram. Stay up to date on our Twitter.

Website | Twitter | Discord | Telegram | Docs | GitHub

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Ncookie

Ncookie

JavaScript developer and blockchain enthusiast. Developer of @cookietrack_io and technical writer for @snowballdefi & @axialdefi