Snowball Weekly Newsletter — 06/01/2022
Welcome to our first weekly newsletter of 2022! Let’s take a look at what’s new this week for Snowball:
New Auto-Compounding Strategies
We’ve started the year with a couple new strategies:
- Pangolin USDC.e - USDT.e
- Trader Joe AVAX - EGG
Expect many more in the coming weeks, as 2022 is going to be an explosive year for content on Snowball.
Avalanche’s New Year Gala
To celebrate the new year, our core strategist, Jomari, presented a ton of content live for viewers on Avalanche Asia’s YouTube. Discussed included a quick retrospective and overview of our future roadmap, including projects spun out from the Snowball DAO, such as Axial and the upcoming Lava.
If you missed this event, don’t worry! It’s available here for you to catch up on news from all your favorite Avalanche projects.
Our New Landing Page
The beginning of this new year also marked a complete remake of our current landing page at snowball.network. This new landing page will continue to undergo improvements to ensure an up-to-date display of what Snowball is working on and stands behind.
Thirsty For Stats?
As is tradition, a new article has come out this month looking into various Snowball statistics. The article can be found here if you missed it.
Community Call Updates
Starting today, our community calls will switched to being held monthly. This is in order to gather more content and questions from the community..
The tentative schedule for these is the first Thursday of each month, but any further updates will be made through our many social media channels.
The following is a quick recap of some of the questions asked during the latest community call:
What is everyone most excited about on the 2022 roadmap?
- Each team member had lots to say, and it pretty much covered our entire roadmap. If we weren’t excited about building something, it wouldn’t be on our roadmap! You can check out its content here.
Does Snowball plan on going multi-chain?
- We do mention we are interested in multi-chain strategies on our roadmap, but that is mostly in terms of utilizing strategies built on other chains in certain circumstances. The Snowball DAO plans on remaining on Avalanche, while bringing any interesting off-Avalanche opportunities back into Avalanche for our community.
Are Avaware farms coming to Snowball’s auto-compounder?
- Most likely. Early 2022 is going to be an exciting year for new strategies, and we plan to integrate many platforms not yet on Snowball.
- Over $270,000+ of value harvested in our compounding strategies this week.
- Over 54.17% of all SNOB tokens are being staked for xSNOB.
- Over 1200+ members of the community are staking their SNOB.
- On average, SNOB is being staked for over 1.45 years!
- This week 20,512 SNOB was distributed to xSNOB holders, alongside 1,064,910 AXIAL tokens. This makes up an APR of 62.1% per xSNOB.
Unsure why you should stake your SNOB? Check out our documentation here.
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.