Another week of exciting events deserve a quick newsletter recapping some of the biggest updates. Read all about our recent ventures below and stop by our community channels to stay in the know!
New Auto-Compounding Strategies
This week we’ve added three new Trader Joe pools to our massive list of auto-compounding opportunities. These are the following:
- AVAX - MONEY
- AVAX - DFIAT
- AVAX - VTX
Interested in any of these pairs? Head to our compounding page to see the yields available on any of them, along with many other pools!
Alpha on Discord
Our internal channels on Discord have always been open to active contributors to Snowball through the ‘Snowballer’ role. This means contributors can always stay up to date on everything Snowball. That is where the alpha truly lies.
Through the CollabLand plugin/bot, we’ve now enabled anyone with over 10,000 xSNOB to automatically earn the ‘Snowballer’ role. The #collabland-join channel has been created, and through it you are able to easily verify your wallet address and earn the role.
We welcome all who believe in the future of Snowball to an even more intimate experience through these channels and look forward to seeing many of you there!
EMDX AMA Recap
Following our great AMA with EMDX last week, we’ve published a recap article for those who missed it and would like to see the questions and answers! Check it out here.
New DeFi University Content
The newest addition to Snowball’s DeFi University is an in-depth course on different consensus mechanisms used within blockchain technology. Of course, it describes Avalanche’s amazing and aptly named ‘Snowball Algorithm’ consensus mechanism that allows it to perform so well.
Check out the 3rd year course here, or check out all the content we have available here.
Snowball Stats
- $44,000+ of value harvested in our compounding strategies this week.
- 61.63% 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 8,799 SNOB was distributed to xSNOB holders, alongside 421,160 AXIAL tokens. This makes up an APR of 18.13% per xSNOB.
- 40.65% 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.
