In the #Avalanche whitepaper it is described as a high-performance, scalable, customizable, and secure blockchain platform.
Compared to many other protocols, it's not a single blockchain or a single network but rather a collection of different chains united under one technology.
The most well-known Avalanche chain is the Contract Chain (C-Chain). It runs the Ethereum Virtual Machine (EVM), making it compatible with smart contracts written for Ethereum.
C-Chain is a home for most of the #NFT and #DeFi innovation happening on Avalanche.
Exchange Chain (X-Chain) exists for easy issuance and treading of digital assets with programmable behaviours.
One such asset is $AVAX - the native token of the whole platform that can be used to, for example, pay fees on C-Chain.
Finally, the Platform Chain (P-Chain) coordinates the behaviour of validators and manages new and existing subnets.
While the primary network exists to validate C, X and P-Chains, everyone can create their sub-network with its own set of rules and features.
Besides subnets that enable practically infinite scaling, another important piece of the Avalanche platform is the Avalanche consensus.
Consensus protocols are required for the nodes to be able to agree on the state of the blockchain.
Avalanche consensus has some big advantages over competitors. The most important one is that it doesn't require all nodes to communicate with all nodes.
This allows it to onboard thousands of validators without sacrificing performance.
Thanks to the Avalanche consensus mechanism, the network is able to reach 4500+ TPS, with transactions reaching finality in seconds.
All of this is possible while being able to maintain low requirements for the validator's hardware, further helping decentralisation.
Avalanche consensus was originally designed for DAGs (Directed Acyclic Graphs). Its chain-optimised version is called Snowman++ and is used for both P-Chain and C-Chain.
That's a wrap.
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It's impossible to fit everything about Avalanche in one thread, so tune in next week to learn more about #Subnets and the possibilities they unlock.
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β’ 9.8k ($350k) $AVAX will be distributed
β’ Total TVL ($) Staked accounts for 95%
β’ % of Staked Supply accounts for 5%
When will rewards be distributed?
Rewards have been received for this current week, following a brief off-chain calculation process they will be distributed. A further announcement will be made when this happens. Rewards can be claimed directly from staking pool(s).
Over 20 new pairs for onchain limit orders have been added, including many popular #DeFi tokens and community coins on #Avalanche.
Place your orders and trade with automated ease, on your terms and at no cost.
What are onchain limit orders?
By leveraging the discretized architecture of Liquidity Book, swap are executed onchain using Liquidity Pools.
This approach ensures decentralization, no reliance on external oracles and no fees to pay when trading.
There are two types of limit orders π
πͺ Place Orders
Accessible from the Trade page by selecting 'Place Order', this limit order feature allows you to execute swaps at your chosen price point.
When you set up an order, your tokens are deposited into a liquidity pool. If the market reaches your specified price, your position automatically converts into the desired tokens, which are then held for you to claim at your convenience.
The Avalanche Foundation have announced a $1m memecoin rush program. Trader Joe will play an integral role, offering users the ability to stake memecoins and earn $AVAX.
Get ready to prove your diamond hands ππ
The rush is about to start ...
Memecoins on #Avalanche πΊ
@AvalancheFDN are committed to nurturing culture and creativity. 'Memecoins' are embraced for their strong brand proposition & loyal community following. They can add depth and diversity to any ecosystem. Trader Joe is aligned in support.
...Soon β’
The TLDR π
Expected to launch next week:
β’ Single-sided meme coin staking program
β’ Points system based on staking activity
β’ Multipliers to increase points accrual
β’ Weekly epochs with $AVAX airdrops
β’ Diamond Hands: Collaborative Goal
If you enjoy Auto-Pools, grinding Leaderboards or perhaps you're just a humble $AVAX yield farmer...
...Pay attention to what unfolds over the next days, there is plenty to unpack and reveal.
βWhat are Auto-Pools?
Few users want to manage and monitor active liquidity, so Auto-Pools were built as the solution to provide algorithmic rebalancing liquidity positions on Liquidity Book.
Struct Finances integration of Auto-Pools enhances user options even further...
π Introducing Struct Finance
Struct is the first protocol for yield tranching on #Avalanche, offering users a choice between a fixed tranche or a variable tranche.
The Auto-Pools integrations now allows users to select between a fixed yield or a riskier variable yield option.
New TVL highs are being hit in the $GNS - $ETH Liquidity Pool as @GainsNetwork_io have been utilising the highly efficient design of Liquidity Book to help foster deeper spot liquidity and serve $GNS Traders with better swap rates.
Trader Joe and Gains Network have collaborated from day 1 of their deployment to #Arbitrum. With the recent deployment of the STIP Grant, Trader Joe and Gains cross paths once more.
Take a dive down to learn more about the gTrade platform and the $ARB incentives on offer.
π―π
π It's all on-chain bro
Leveraged trading continues to be one of the most popular categories in crypto, but the majority of volume still goes through centralised and opaque platforms.
@GainsNetwork_io is here to help drive that change and spring efficient leveraged trading, completely on-chain.
π 150x Leverage on gTrade
The gTrade platform allows users to trade crypto, foreign currencies and stocks with up to 150x leverage and minimal slippage.
The exchange already offers trading for more than 100 pairs, including commodities, blue-chip stocks and DeFi tokens.