Avalanche (AVAX) Announcements - Official
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Welcome to the official Avalanche Announcements Telegram!

Avalanche is an open-source platform for launching decentralized applications and enterprise blockchain deployments in one interoperable, highly scalable ecosystem.
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Today, the Avalanche Foundation is announcing Avalanche Rush, a $180M liquidity mining incentive program to introduce more applications and assets to its growing DeFi ecosystem. Avalanche Rush will kick off with Aave and Curve, two of the largest DeFi protocols by TVL. Users will now earn even more rewards for experiencing the power and speed of Avalanche.

1️⃣ Phase 1 of the Rush program will launch soon and provide the Avalanche native token, AVAX, as liquidity mining incentives for Aave and Curve users over a 3 month period.

2️⃣ The Avalanche Foundation has allocated up to $20M AVAX for Aave users and $7M AVAX for Curve users, with additional allocations planned for Phase 2 in the coming months

3️⃣ The Avalanche Foundation recently launched a $3M liquidity mining initiative with BENQi, a liquidity protocol native to Avalanche. Stake DAO recently partnered with Avalanche for a staking collaboration and plans to build innovative yield generating strategies leveraging the upcoming deployments of Aave and Curve on the platform

Get ready for the program coming soon, read all the details here:
https://medium.com/avalancheavax/avalanche-foundation-announces-180m-defi-incentive-program-d320fdfafff7
#AvalancheRush is fully underway!

BENQI, a DeFi app for lending and borrowing crypto assets, is live with $3M in liquidity mining incentives–already amassing nearly $200M in total value locked.

Provide liquidity now, and earn rewards:

https://medium.com/avalancheavax/benqi-is-entering-avalanche-rush-b392bda4f4c
#AvalancheRush is welcoming a new member to the lineup!

Hope you’re coming with an appetite because Sushi is now on the menu. The largest DeFi incentive program ($180M) now just got better.

1️⃣ SushiSwap has solidified itself as a DeFi Blue Chip, surpassing over $5B in asset growth in only 1 year since its launch.

2️⃣ The Avalanche Foundation and Sushi have each allocated up to $7.5M of liquidity mining incentives over a 3-month period.

3️⃣ “The Avalanche community is one of the most compelling reasons to align incentives with the Avalanche chain. We are a community-driven platform and admire the community focus in the Avalanche ecosystem and look forward to providing them with a positive DeFi experience.” – 0xMaki, Sushi Lead Contributor.

https://medium.com/avalancheavax/sushi-joins-avalanche-rush-incentive-program-with-combined-15m-allocation-ba16b86ceab
The #Avalanche Bridge (AB) has transferred nearly $1B in Ethereum assets since its launch on July 29.

Now, $USDC is available for transfer on AB! https://bridge.avax.network
Plan your next trade using crypto candlestick charts with ChartEx. All Avalanche users will receive a complimentary ChartEx trial, starting today!

This 30 day trial allows you to try an accurate charting tool before deciding to purchase or upgrade to premium features. ChartEx enables tracking all Avalanche AMMs, advanced chart functions, and more!

Learn more and sign up here: https://avalancheavax.medium.com/complimentary-chartex-trial-for-all-avalanche-users-17b2bd2dad3f
Today, over 212,000 transactions have been executed on the Avalanche contract chain. In monitoring these, we’ve noticed that a small subset of the transactions processed in the last few hours have experienced processing times longer than usual, and have isolated the root cause.

A handful of low-power, high-stake machines are currently slowing down transactions on the C-Chain. Hardware and node specification recommendations from the early days of Avalanche haven’t kept up with the rapid growth of the Avalanche Community.

In addition to a forthcoming upgrade to the C-chain that will improve performance and stability, we are reaching out to node operators to upgrade their node hardware to ensure they can keep up with the network activity.

New node recommendations, especially for nodes with a significant stake (120k AVAX) are as follows:

- CPU: Equivalent of 8 AWS vCPU
- RAM: 16 GB
- Storage: 200 GB
- OS: Ubuntu 18.04/20.04 or MacOS >= Catalina
- Network Bandwidth: Highest Settings Allowed by Provider

Snowman++ is a new upgrade that the Ava Labs engineers are tirelessly working on to roll out as soon as possible to prevent any low-power nodes from affecting others.
Play to Earn gaming is coming to the Avalanche Rush program with the upcoming launch of Yay Games, to continue to deliver new and exciting opportunities for Avalanche DeFi users.

1️⃣ In support of Avalaunch’s debut IDO, Yay Games will be joining the recently launched Avalanche Rush incentive program.

2️⃣ Through Rush, the Avalanche Foundation will work closely with top projects, including Aave, Curve, Sushi, Stake DAO, and BENQI for interoperable farming, mining, lending, and now gaming experiences.

3️⃣ The recent launch of the Avalanche Bridge (AB) helps the program provide a diverse set of strong liquidity incentives, combined with a seamless user experience for DeFi protocols to join the Avalanche ecosystem.

Learn more here: https://twitter.com/avalancheavax/status/1430877831882579972
Take advantage of the best trading prices when swapping assets across multiple chains with OpenOcean's DeFi & CeFi aggregator, now live on Avalanche.

1️⃣ OpenOcean provides access to liquidity on Avalanche DEXs, including Pangolin, Trader Joe and SushiSwap.

2️⃣ The Avalanche aggregation adds to the vast ocean of DEXs that OpenOcean supports across other DeFi platforms and CEX support with Binance.

3️⃣ AB Bridge is currently supported on OpenOcean. Users can also use the OpenOcean protocol to trade Avalanche's native token, $AVAX, at the best possible price.

Learn more here:
https://twitter.com/avalancheavax/status/1432327395877564426
ParaSwap is joining the Avalanche Rush program and Avalanche’s growing ecosystem so you can get the best exchange rates across new and native DEXs–all in one place.

1️⃣ ParaSwap’s refined pathing analysis scours dozens of DEXs to deliver the best options with less slippage for DeFi traders.

2️⃣ ParaSwap will analyze the prices on native exchanges, such as Pangolin, Trader Joe and newly launching applications, such as Curve and Sushi.

3️⃣ This technology will provide users with improved access to the best prices across all offerings, increasing efficiency in markets and lowering costs.

Learn more here: https://medium.com/avalancheavax/paraswap-brings-dex-aggregation-to-the-avalanche-rush-program-a99d51ea56c0
Setting up, managing, and maintaining dapps and Web3 applications can be complex and time consuming, but Moralis is here to help. Developers can easily access their fully managed backend infrastructure with plug-and-play functionality, to go to market in days, not months.

1️⃣ Projects can now connect to Moralis with just a few snippets of code, and can easily access Moralis’ serverless, infinitely scalable, fully managed backend infrastructure.

2️⃣ Prototype, test, and deploy dApps in minutes and hours, rather than weeks or months by utilizing Moralis’ SDK and various APIs.

3️⃣ Moralis is an infinitely scalable Web3 backend infrastructure provider that handles all the hassle traditionally associated with Web3 development.

Learn more here:
https://twitter.com/avalancheavax/status/1433066972116361216
Avalanche native DEX Pangolin is joining the Avalanche Rush DeFi incentive program with $2M in AVAX rewards.

1️⃣ Pangolin will soon have access to $2M in AVAX rewards for a single-sided pool of PNG.

2️⃣ Pangolin recently made it easier for new DeFi users to purchase AVAX with the Wyre integration, which allows users to connect their credit cards and Apple Pay to buy AVAX tokens.

3️⃣ Pangolin strives to have the best DEX experience through deep liquidity, easy swaps, advanced tooling, and smooth onboarding.

Learn more here:
https://twitter.com/avalancheavax/status/1433437891414401028
Pocket Network is now live on Avalanche, a blockchain data protocol that enables decentralized interactions between blockchains and applications. Pocket endpoints are available today for Avalanche developers that require consistent uptime, privacy, or scalability and have a mission focused on decentralization.

1️⃣ Pocket adds a new way for applications to connect to blockchains networks without a mediating centralized entity, but through a decentralized infrastructure protocol supported by over 4,000 nodes around the world.

2️⃣ Over 300+ Pocket Validators are serving Avalanche RPC requests.

3️⃣ Pocket gives an opportunity for the Avalanche community to monetize Avalanche nodes, even without being an Avalanche Validator, by serving Avalanche applications through Pocket.

Learn more here:
https://twitter.com/avalancheavax/status/1435226516351184909
Kalao is building an easy-to-use NFT ecosystem and VR galleries, coming soon to Avalanche. The Kalao platform will unlock the full potential of metaverse experiences, bringing the winning combination of NFT and Virtual Reality technologies to real-world use cases.

1️⃣ The platform is perfect for real world use cases, such as art exhibits, digital commerce of luxury goods, broadcasted live events, as well as event ticketing.

2️⃣ Kalao aggregates all NFTs available on the Avalanche C-chain, so users can view every NFT while staying on the Kalao marketplace.

3️⃣ Kalao is set to deploy its public BETA version in Q4 2021.

Learn more here:
https://twitter.com/avalancheavax/status/1437778343080906755
Blockchain, DeFi, and other on-chain solutions are here to stay!

Ava Labs President John Wu on CNBC sharing how today’s real utility proves blockchains’ value.

Avalanche is here to ensure that people using DeFi have an ultra-fast, low cost, & secure experience!

https://twitter.com/avalancheavax/status/1438461400175845377
Polychain Capital and Three Arrows Capital led a $230M investment in the Avalanche ecosystem to support application growth on the platform. Here are the details:

1️⃣ This investment is the largest investment in the Avalanche blockchain to date, and one of the largest ever in the blockchain industry.

2️⃣ The proceeds from this private sale of tokens will support and accelerate the rapid growth of DeFi, enterprise applications, and other use cases on the Avalanche public blockchain.

3️⃣ Support for projects will include grants, token purchases, and various forms of investments and technology support.

Learn more: https://twitter.com/avalancheavax/status/1438504032658591750
Kyber and Avalanche announce the launch of KyberDMM, the 1st Multi-Chain Dynamic Market Maker, to greatly enhance DeFi liquidity on Avalanche. With its high capital efficiency and flexibility, KyberDMM DEX enables Avalanche LPs to maximise the use of their capital.

1️⃣ Together, Kyber and Avalanche will run a combined Avalanche Rush Rainmaker liquidity mining program, which will offer $5.8M in $AVAX $KNC incentives.

2️⃣ Rewards will be given to LPs of 7 eligible pools; done in 2 phases for users to get familiar with KyberDMM.

3️⃣ At a fraction of the TVL compared to static AMMs, KyberDMM is able to provide better liquidity and very low slippage.

Learn more here: https://twitter.com/avalancheavax/status/1438850708313448449
Avalanche and Encode are launching a long-term educational partnership to help onboard and educate new users coming into the crypto space. The 9 month program will include the following initiatives:

1️⃣ Monthly educational workshops to can learn about blockchain, Avalanche and the crypto ecosystem.

2️⃣ A Solidity bootcamp to learn how to be a blockchain developer on Avalanche.

3️⃣ An Avalanche hackathon and various accelerators to build the future dapps on Avalanche and turn them into funded projects.

Learn more here:
https://medium.com/encode-club/announcing-encode-clubs-avalanche-partnership-and-initiatives-1dece0d24ff0
Yield Yak becomes the latest Avalanche native dapp to join the Avalanche Rush DeFi Incentive Program. $100k in developer incentives has been allocated to support the advancement of YY Swap, their first-of-its-kind open-source DEX aggregator tool.

1️⃣ YY Swap runs entirely on smart contract execution and is fully decentralized. All the DEX aggregator logic is handled on-chain, where anyone can trade and query without a central party facilitating the trades.

2️⃣ Applications can develop and deploy unique DEX aggregator front-ends, and developers can build their own versions of YY Swap for specific use cases.

Learn more here:
https://twitter.com/avalancheavax/status/1440315831435476999