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Snowball Weekly Newsletter — 19/05/2022

This weekly newsletter comes with some exciting Axial updates, as well as other news from the Snowball community. Read all about these below:

Axial Testnet is Live!

At long last, we can share with everyone what we’ve been building up to in terms of the next generation of Axial’s liquidity pools, AXIAL staking and governance mechanisms, all wrapped up in a greatly improved UI.

The next step in this journey is to have as many people as possible testing the app on Testnet (the testing version of Avalanche’s C-Chain) in order to make sure everything functions as expected and we are able to patch as many bugs as possible.

We greatly appreciate everyone helping us out in this crucial step of development, and hope to launch our improvements on-chain as soon as possible!

First Curation Proposal Updates

The first proposal we’ve received as part of Copper’s curator platform was of a project called HOMDAO - which will likely not proceed further due to difficulties in getting in touch with their team for further questions from our community.

Our community is still wide open for further curator proposals, and we hope to find some gems to bootstrap for launch through Copper in the near future!

FiHub Development Updates

Our team continues to build upon the smart contract list standard we gathered so much community feedback for, as well as a quick demo for what we envision our application to look like once complete. While our designers and developers are hard at work, make sure to keep up with any updates through FiHub’s twitter account!

Snowball Stats

  • 64.23% 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 1.26 years!
  • 40.97% of all xSNOB holders have participated in governance.

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

About Snowball

Snowball Venture Studio is a community run DAO whose mission is to spur innovation in the DeFi ecosystem by providing resources and support to new projects and teams. Snowball Venture Studio has already launched or is supporting Snowball Earn, Snowball DeFi University, Axial, Teddy, Lava and FiHub.

If your DeFi startup is looking for assistance with engineering, design, branding, marketing, or strategy, we would love to speak with you. Join the conversation in Discord or Telegram and stay up to date on our Twitter.

Website | Twitter | Discord | Telegram | Docs | GitHub



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