Avalanche deeply understands the pain of subnet developers that are coming from the world of smart contract development, coordinating a network upgrade is a new and unfamiliar challenge.
To resolve the problem, Avalanche introduced FeeConfigManager to help project builders easier to update the dynamic fee parameters.
Because many projects launched subnets with fixed transaction fees and now want to adjust to lower fees on their network, the FeeConfigManager provides a simple-to-use precompile to update the Subnet-EVM dynamic fee parameters on-chain by simply calling the precompile.
One more thing, the FeeConfigManager is controlled by a DAO or admin multi-sig, which means the community can decide what is the best fee parameters for them. ๐ฅฐ
Free mint has been the new trend in #NFT space recently, users have an opportunity to own NFT without paying money (of course you have to pay the fee network to mint).
It also has a couple of different things compared to other NFTs on the market out there: they don't have any roadmap or paper hands.
The trend is going hyped on #Avalanche, which started by the launch of Smol Joe on Joepegs, to now it reached more than 10K AVAX in total volume.
Besides that, Kalao - one of the top-tier #NFTMarketplace on Avalanche also joined the game. Kalao develops Dutch Auctions and Free Mint to help NFT project launch. Ryu is one of the notable projects that has the attention of the community and becomes top trending on Kalao.
๐งต Scalability has long been a topic of intense debate in this field. Discussions about monolithic versus modular blockchains, horizontal versus vertical scaling, have long been the focus of community communication.
In this post, we will compare and analyse popular modular blockchains through five key parameters:
- Consensus
- Finality
- Decentralization (Validators)
- Interoperability
- Speed/ Capacity
- Avalanche: @avalancheavax is a #blockchain ecosystem validated by groups of nodes called subnets. Subnets are free to choose their own consensus mechanism. ๐บ
๐บ @IAmSteveHarvey, celebrity host of "Family Feud" is making his #Blockchain start in the world of play-and-earn gaming.
He is a founding partner of streaming platform @gamestarplus and announced a multimillion-dollar partnership with blockchain developer @avalabsofficial.
If you're a fan of the #RPG genre and are looking for games in the #Avalanche and #Solana ecosystem, these are the top names that you should give a shot. Game on! ๐ฎ
And here are some of the latest game updates:
- @HeroesChained Minigame: Fortunes of Ventuna
- @PlayAscenders updated the new whitepaper
- @galaxy_survivor ticket sale is opening
- @DCGgamefi updated new elements, repair function, new intro video, etc
Dive in to learn more about @YetiFinance! This thread ๐งตwill cover 4 main points:
- What problems does CDP solve?
- What is Yeti Finance?
- How does it work?
- Yeti Finance's Stablecoin: $YUSD
Lending projects for #DeFi have similar role as banks in traditional markets, where they allow capital to flow freely and stimulating economic development.
Lending projects are classified into 2 types: Third party and First party. ๐
Third Party: An intermediary protocol for users to deposit tokens to earn interest and receive profit when lending those tokens back to others.
- Users can borrow & lend
- Not sufficient when the demand for #stablecoins loans is large
- Featured project: @AaveAave with TVL: $6.3B
HOW DOES SUBNET CHANGE THE AVALANCHE ECOSYSTEM? (PART 1)
Since $290 million incentive for subnet development, we've seen two projects that have launched subnet, @DefiKingdoms and @PlayCrabada. Let's take a look at the achievements that these two have achieved!
A thread ๐งต
1. DEFI KINGDOMS (DFK CHAIN)
1.1/ Overview: @DefiKingdoms is a #PlayToEarn game on the Harmony #Blockchain platform, the DeFi Kingdoms ecosystem is a combination of games, DEX and Liquid Pool. Up to now, DeFi Kingdoms is the TVL leading protocol of the Harmony ecosystem.
1.2/ How they run Subnet:
- Token $JEWEL was chosen as the gas fee and players only need to hold $JEWEL to pay gas fee
- DeFi Kingdoms uses $JEWEL to control gas fees and keep gas fees as low as possible so that players don't have to worry about high gas fees