Avalanche fans rejoiced all around the world with the Avalanche Summit 🔺 kicking off this week and it hasn’t ended yet! The Avalanche Summit Hackathon will be happening until March 27th. Let’s check out all the exciting events that took place this week:
New Auto-Compounding Strategies
This week we added a new Trader Joe pool that had the respective token (ApeCoin) taking over the Ethereum community. Officially the creation of ApeCoin DAO, a new decentralized autonomous organization, was created to govern the token and its roadmap moving forward.
Avalanche Summit
Our core strategist, Jomari Peterson, gave a talk at the Avalanche Summit where he discussed how we will be solving the issue of security and the understanding of smart contract list with our new project.
Watch the recording here (Auditorium) at the 3:51 hour mark.
Avalanche Summit 🔺 full recordings can be found here.
New Bridge Guide
The newest addition to Snowball’s Guide is an in-depth article on how to use Celer cBridge. which is a multi-chain cross-layer asset bridge offering instant token transfer.
Check out the Celer cBridge article here, or check out all the content we have available here.
Snowball Stats
- $49,000+ of value harvested in our compounding strategies this week.
- 61.21% 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 8,072 SNOB was distributed to xSNOB holders, alongside 1,022,110 AXIAL tokens. This makes up an APR of 39.72% 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.
